Friday, January 19, 2007
While we keep hearing from environmentalists about alleged negative effects from global warming, it seems that it can have positive effects. As is explained here,warmer weather might be the main reason for the stronger than expected U.S. economy. This is because warmer weather means that activities supressed by winter weather will take place after all. Moreover -and this is not mentioned in the story- the warmer weather is a key reason for why oil prices have fallen so much, as less heating is needed. Lower oil prices have been a key factor in boosting the purchasing power of U.S. consumers.