Thursday, June 26, 2008 4:54:34 PM
As much as it hurts in the short-run, having gas keep creeping higher and higher may be a good long-term thing..
$2 gas never made me worry about my SUV.. $5 plus gas is making me go out and purchase a hybrid for my next car..
We have had it so easy in the States over the last 10 years in regard to gas prices and travel prices..
This is exactly the economic kick in the ass we needed to really accelerate alternative fuels and more economical cars..
The combustion engine has been obsolete for decades, we just never had a reason to change..
Airlines will figure it out.. there will be some contraction.. some flight routes will disappear..
I strongly believe in the laws of a free market system..
Supply and Demand will situate this eventually..
In the end, we should have less pollution, less dependency on the Middle East, and newer energy sources that could make power as cheap as water..
Just like in regard to medical breakthroughs, it usually takes a tragic situation to make a huge leap forward.
We made 10x the medical breakthroughs during WWI and WWII because of all the cadavers..
Morbid, yes.. effective, yes..
For companies like COR, the bitter sweet tragedy of extending life, but not having a good hold on extending the usefull life of the brain puts a huge need out there for companies like COR..
Corrections are a needed part of evolution in the market..
Man did we need one!
Our energy policy sucked and our Financial systems were over-leveraged..
This slap in the face allows for a better market in the long-run..
Figure out the sectors that will come back stronger than before, lay out you money, and sit back and enjoy the ride..
Cheers!
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