Its ironic and not a little hypocritical to chastise those that wish for higher oil/gas prices to bring about needed change.
Most on this board cheered the housing crash which has caused alot of misery and pain for those directly affected by it and indirectly via a weaker economy. In addition, many who wished for a rapid decline in housing, to purge the system, did so in self-interest, allowing them to eventually buy an affordable house, regardless of the overall impact to the economy & society.
I do not see much difference between housing bears and those that wish to see oil increase, or the stock market fall.
As for oil, in my opinion, I would like to see a massive, albeit temporary spike in prices. Even at these levels (140+), our leaders aren’t taking action (congress just let the alt. energy subsidies expire, & many politicians want to drill to solve the problem). We need a true wakeup call to force some change now, before its too late. A little pain now will be better than a true collapse later.
