8 Good Things About High Gas Prices

$8-a-gallon gas
Commentary: Eight reasons higher prices will do us a world of good
By Chris Pummer
Last update: 7:30 p.m. EDT May 28, 2008

SAN FRANCISCO (MarketWatch) — For one of the nastiest substances on earth, crude oil has an amazing grip on the globe. We all know the stuff’s poison, yet we’re as dependent on it as our air and water supplies — which, of course, is what oil is poisoning.


1. RIP for the internal-combustion engine
2. Economic stimulus
3. Wither the Middle East’s clout
4. Deflating oil potentates
5. Mass-transit development
6. An antidote to sprawl
7. Restoration of financial discipline
8. Easing global tensions

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