High Gas Prices To Help The Tech Industry?

from the all-depends dept

We've already talked about how high gas prices may be pushing more people to shop online and to telecommute, but what about its overall impact on the tech industry? Some are saying that it's actually going to be a huge boost. There are a few reasons for this. First, the tech industry doesn't rely on oil/gas nearly as much as many other industries. That's not to say there isn't some reliance on it, but it's not as important. Second, as mentioned above, it could push for more telecommuting and online shopping, both of which can help tech companies. In general, technology can often be used in ways that help people avoid traveling -- and if gas prices make people not want to travel, that can clearly be a boost. Of course, thinking even farther out, high gas prices could help the tech industry by generating more interest in alternative engine technology as well.
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  1. identicon
    dorpus, 19 Sep 2005 @ 5:29pm

    Re: EU tech sucks?

    If high gas prices continue, then the US will indeed invest in alternative sources of energy -- coal, gas, and nuclear, that is. ;-)

    Do-gooder suburbanites can attach stupid solar panels to their roofs and call themselves saviours of the Earth, tinkerers can build their corn cob-powered cars that produce 100 times the air pollution and call themselves "green", college kids can break windows in retail districts and call themselves heroes.


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