Hey I just saw an article this morning talking about how the higher price of gas is going to affect our suburbs. In fact the article is titled: "Could rising gas prices kill the suburbs?"

It is of interest because it mentions the fact that the price of a barrel of oil is expected to remain high at around 50 to 60 dollars per barrel and could go as high as 100 dollars a barrel. So what is this going to do to the suburbs? Well this article claims we might not want to live so far from our jobs. So the inner cities will be prime land for redevelopment into new city centers. One land developer in particular KB Homes is betting on this in LA and is putting in a 2-million-square-foot complex of luxury hotels and private residences close to downtown LA.

So if you think the high price of oil will not affect your life much, think again.