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By Capitalist (anonymous) | Posted June 12, 2009 at 13:23:26
Nothing sells better than fear-mongering and the sky is falling scenarios.
People are not going to stop flying or driving because oil prices are going up. They will come up with new ideas so as to get improved fuel efficiency. Today's airplanes and cars use much less fuel than in the past. There is no reason to think that this will not continue.
In addition, if fuel costs rise, perhaps more airlines will be attracted to Hamilton because the landing fees are so much cheaper than Pearson's? This can offset the increased fuel prices.
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