I know it sounds counterintuitive to say that high gas prices are a good thing. Why would high prices on anything be good? The reason is simple: Prices help shape consumer behavior in lots of areas, including clothing, food and housing. Is there any doubt that high real estate prices are partially responsible for the tiny house movement?
The plunge in oil prices may be good for consumers and the global economy, but it could also hurt efforts to make our planet's energy system more sustainable. Policy makers from around the world can prevent this by taking advantage of cheaper oil to make meaningful changes in the way we price energy.