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 @ 12:26pm

    Re: No Subject Given

    What if oil prices fluctuate back down before any significant adjustments take place?

    Back in the 1990s, oil prices seemed to be locked in a downward spiral, and everyone talked about a future in which oil prices would keep going down indefinitely. Today, everyone is talking about a future in which oil prices would go up forever. I see Techdirt is not above this sort of armchair economist hype.

    There was a lot of speculation in the '90s that Central Asian oil would create a global glut. Political instability and geographical remoteness made oil companies back out of the project, but they may go at it again now.

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