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There is one great benefit of the high price of oil which should be a cause of celebration amongst the environmental organizations: it is making alternative energy much more attractive, so much so that the high price may just be thing that the facilitates a tsunami of renewable energy projects which could, in turn, lead to a greater share of the market and perhaps the mainstreaming of alternative energy. This would be a great consequence.
The present scenario is that the high price of energy is having some pretty bad effects -- but if it can help tilt the playing field to alternative energy, this silver lining may end up being an amazing turning point in history.
The longer fuel prices remain high, the greater the potential consumer reaction. A 10% rise in gas prices lessens consumption by just roughly half a percent in the short term, but it lowers demand more significantly over a the long haul

As folks decide on the important things for the future, such as where they want to reside and what type of car they want, they are beginning to take into consideration the price of gas into the equation. Some are opting for smaller cars or are relocating nearer to their offices to lower drive time.
The recent "crisis" has delayed or slowed many new subdivisons, high fuel prices have lowered consumption and resulted in less purchasing of, and rising construction costs are restraining new coal and gasoline plants.
At the same time, a shift in government subsidies from the oil industry to alternative energy sources are creating a frenzy of new renewable energy construction.
But the truly fascinating factor is that all this is occuring while the real workable method to reducing of gas consumption and helping the environment through cleaner emissions is RIGHT HERE AT WATER4GAS