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Benefits of Expensive Oil

By Mark Shead 4 Comments

Most people are concerned about the high cost of gasoline. The countries that produce oil are, of course, thrilled. In the Middle East, people are paying millions of dollars on car license tags with unique numbers. Evidently, having a Rolls Royce isn't enough to make you stand out over there. Saeed Khouri paid $14 million dollars to be able to put a license tag containing "1" on his car. People living in the US and other countries that are primarily consumers and not producers of oil are less fond of the current pricing trend. However, in an effort to always discover the silver lining, we are going to look at some of the potential benefits of expensive oil. Technological … [Read more...] about Benefits of Expensive Oil

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