I am frankly one of those who has celebrated higher oil prices, getting a quiet smile as I see the sign at the corner gas station hit $3 a gallon. Perhaps I wasn’t thinking this through, as Keith Johnson suggests:
What’s most striking is the bitter irony. Many proponents of alternative energy have long cheered for high oil prices. The more expensive oil is, the theory goes, the more incentive there is to move to other energy sources. The Anything But Oil mantra assumed the Anything has got to be cleaner than burning hydrocarbons.
And what happened? High oil prices made hard-to-recover fossil fuels—not just cleaner alternatives—an economic possibility. And the hard-to-recover fossil fuels are even dirtier than Middle East sweet crude.