Thanks to the laws of economics, high gas prices are good for world. The law of supply and demand states that people will use less of a higher-priced commodity. So when gas prices rise, people will curtail their driving, and when they drive less, there will be less pollution and global warming.
When there is a glut of gas on the market, prices will drop to encourage usage. People will then drive more and ... we'll get more pollution and global warming.
So it's a question of which devil you choose.
Footnote: I am invested in energy stocks, so I like gas at any price.
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