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
    Ivan Sick, 19 Sep 2005 @ 12:04pm

    No Subject Given

    "high gas prices could help the tech industry by generating more interest in alternative engine technology" This is the right answer. Not necessarily the cats, (although I am not personally opposed) but that alternative energy sources and tech need to be accomplished (hybrids are nice, but still a compromise).
    Of course, the market will still bear these rising prices so probably nothing will happen. Most people who drive already are just willing to suck it up, maybe because there are still very few decent public transportation systems in America.

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