This could be the sort of thing that’s intensely painful in the short term but pushes us to adopt strategies that are better choices for the long term. The las

This could be the sort of thing that’s intensely painful in the short term but pushes us to adopt strategies that are better choices for the long term. The last time oil prices surged like that (2007-8), political will to develop and improve transit also surged. Additionally, high oil prices mean a more competitive market for the renewable and low-emissions energy sources that we’ll need to switch to if we want to have any chance at mitigating climate change. The article says China will be hit particularly hard by this price increase; but they’ve also got the political will to respond by investing more in developing renewables, as they have been the last 10-15 years already.