Thread: High oil prices good?

In manufacturing!

And at the same time very wasteful in consuming. And I distinguish between both as an economy competes with others not in its consuming power, but in its producing.
If you choose gas guzzler and are paying for it because you think it provides you better quality of life, it is your own choice of spending the money you've earned. If you didn't have the money to afford it, it wouldn't be an issue at all.
And yes europe may be outperforming US in energy efficiency and may have better standard of living. Europe clearly seems more energy hungry than US, but that's probably because it is more nervous about its lack of control over its main sources.

This is, of course, a speculation and any arguments are welcome.