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by kylewpppd 5572 days ago
Personally, while high oil prices hurt in the short to medium term, hopefully it sends the US economy towards less dependence on oil. To me, this is a good thing. I just hope the US is smart enough to invest in reducing demand rather than increasing supply.

Also, if this type of story is interesting to you, I highly recommend Paul Krugman's blog at http://krugman.blogs.nytimes.com/ . Also NPR's planet money (blog & podcast) has great information and is much less slanted than Krugman's. http://www.npr.org/blogs/money/ .