While higher oil prices has been good for my portfolio, I’m curious what impact it will have on us outside of potentially driving inflation and recessionary pressures.
I wonder whether it will accelerate a long trend towards re-urbanization as people see commuting as too expensive or will it drive more people to suburbs that have direct train access. Will companies have to relocate around public transport depots? Maybe in 10-20 yrs we live and work in giant malls like logans run all served by electric trains and moving walkways.
Will driving an suv or truck become a gas fueled status symbol (that you can afford it) or a social stigma like watering your lawn in vegas? (Probably latter).
Will we move back to our roots and travel less? Will people live closer to home as flights get prohibitive?
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