Higher Energy Prices Are a Good Idea, Given Global Climate Change

It's very hard to know even in the short run where prices will go, he says. And then very high prices at some point in time, and then collapsing gas prices the next. One of the consistent themes that I have always thought about higher energy prices is the sense in which it's a positive, given global climate change. If we want to internalize all the costs that are associated with using energy right now, we need higher prices.