Monday, October 15, 2007

$100 oil unavoidable before year's end?

High oil prices guarantee hybrid savings?

I've been watching CNBC on and off today and, already, multiple oil experts have said $100 oil is just around the corner. Ironically, just a month ago, numerous experts still agreed that oil would hit $100.00 per barrel, but not this year as the summer driving season is now over.

Today, however, with Turkey ready to give America the finger over the Armenian Genocide Resolution, all bets are off and $100.00 might happen before the month is over.

If you've been on the fence over a hybrid purchase, I say wait no longer. There are just too many problems in the world associated with oil and nothing is going to change that in the near future. Certainly, hybrid cars aren't a great bargain, but uncertainty around the future of oil prices might actually make a hybrid an unexpectedly exceptional long term investment.

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