The price of oil would probably go back to the $80 a barrel range, which, from my point of view, would be good, since it will only push us to invest more in alternative energy. It will be an ugly scene, but it will not be the end of the world.
From a July profile of Friedman in Washingtonian:
His speaking fee recently passed $50,000; with his Times salary, syndication rights, and royalties from his bestselling books, his annual income easily reaches seven figures...
Friedman married into one of the 100 richest families in the country a quarter century ago... The Bucksbaums, widely recognized as benevolent leaders in the real-estate industry and pioneers in the development of shopping malls, are worth about $2.7 billion.
If only we could all take rising prices so gracefully.