Can the world economy recover with rising oil prices?

[ironman]

TheRealMafoo said:

NJ5 said:

I really hope that governments don't stop whatever they're doing to move away from oil, using low energy prices as an excuse to postpone the solutions. I'm unsure governments were doing enough as it stood before the recession, now they could be doing even less, threatening our future.

 

What does this have to do with government?

I hope gas gets to $10.00 a gallon. if that happens private industry will do more in 1 year then all the governments in the world could in 20.

I hope it doesn't, it would obliderate our economy. That being said, the government invests heavily into fuel sources that just don't work, and they stifle private industry coming up with decent solutions because the unefficiant fuel sources are heavily lobbied.