by Christopher Skjonsby

Created on: June 29, 2008   Last Updated: May 25, 2012

While the economy suffers as an impact of high gasoline prices, this is a true blessing in disguise. As increasing costs of crude oil and taxation drive the price of gasoline higher, it becomes more economically viable to research and put alternative energy sources onto the market place. Sure enough, disruption will be felt across the globe in the interim, but the economic and environmental gains are more than worthwhile.

In 2008 Canadian gas prices have hit $1.48 per litre and higher. This is due in part to government taxation. Also, becoming available are a variety of alternative fuels and vehicles. Electric cars and hydrogen fuel are coming up on the horizon. Recently released in 2008 is an alternative fuel recycled from used french fry grease that will run in regular automobiles. The price per litre is about $1.50, but is exempt from government taxes. As gasoline prices increase, more people will switch to this as an alternative fuel.

Economically, these higher prices drive research and development. This provides jobs for a higher educated work force. This translates to higher tax dollars for the government. It also provides a multitude of jobs in the manufacture and construction industry. As the infrastructure does not exist, it will all need to be built. Governments need to be taking the initiative and use the increasing tax dollars to help fund large-scale infrastructure, research and development, and education.

Environmentally, this is a no brainer. Rising fuel costs help support shopping locally, as it becomes too expensive to ship merchandise halfway around the world. A reduction in gasoline consumption will slow the global warming trend that is presently taking place. Technology may be developed to help reduce the damage gasoline has caused. As gasoline prices increase more people will be required to take public transit. This further reduces carbon emissions while providing jobs for drivers, maintenance staff, and manufacturers.

The solution to this problem is for a governing body to decide to make the change. Choose the appropriate technology and fuel source. Say goodbye to gasoline and let the governments and companies start building the infrastructure to support the choice. The consumer needs to be educated on the changes and making proper choices when purchasing merchandise. It is everyone's responsibility to do what is right for future generations. While it may be a hard choice for an oil-addicted world, it really is the time to make the change.

Learn more about this author, Christopher Skjonsby.
Click here to send this author comments or questions.