Oil has gone up in price and is going higher. Travel depends on oil. Many people prefer to work from home. Work from home requires reliable bandwidth and collaborative applications that are capable of simulating the face-to-face experience. Doesn't this support Jim Crowe's position that the "so-called glut" of fiber will burn off in six months or so?
Level 3 Communications may soon make a move to acquire one or more of its telecom rivals, including possibly Global Crossing. [Wall Street Journal]
For arguments counter to what you've just seen, check out The Stupidity Paradox by George Gilder. Then, read The Paradox of the Best Network by David Isenberg & David Weinberger.
