How high are oil prices going to go?
"There is no question that the market is going to $60,'' said Kyle Cooper, an analyst with Citigroup Inc. in Houston according to Bloomberg.com.
In fact many analysts think there is a 70 percent to 80 percent chance that oil will top even $70 per barrel. Yet, U.S. demand for oil continues to grow causing fears that summer demand could possibly outpace supply.
My prediction still stands at $3.00 gasoline before year's end. While that number might be temporary it will be a sign of things to come over the next few years.
How cost effective will hybrid cars be then?
In fact many analysts think there is a 70 percent to 80 percent chance that oil will top even $70 per barrel. Yet, U.S. demand for oil continues to grow causing fears that summer demand could possibly outpace supply.
My prediction still stands at $3.00 gasoline before year's end. While that number might be temporary it will be a sign of things to come over the next few years.
How cost effective will hybrid cars be then?
Labels: fuel cells, fuel efficiency, Hybrid Vehicles, prius, toyota
posted by Dahcredyns at
12:39 PM
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