With oil at $126 a barrel, Henry Blodget considers our options:
Time to drill in the Alaskan National Wildlife Refuge? No. Time to cut us gas-subsidy checks? No. Time to work on a tax and consumption policy that encourages less oil usage and more investment in alternative, renewable energy.
Well: duh. With public transportation booming, there is a silver lining in higher oil prices.
This article available online at:
http://www.theatlantic.com/daily-dish/archive/2008/05/oil-futures/216856/
