Can OPEC affect US politics, automotive future?
Dirty politics?OPEC is meeting today and there are many that are assuming that OPEC isn't going to do anything drastic, at least not yet. However, because of slim margins in world oil supply and refining capacity, OPEC - many analysts believe - can cut production and keep oil prices above $100 per barrel. Nonetheless, those same analysts believe the sweet range for OPEC is between $80 and $100. This keeps profits high for OPEC, and it reduces gasoline prices a bit in the US.
These analysts believe that OPEC is trying to help trend oil prices lower because high gas prices make alternative fuels and alternative technologies, such as hybrid cars and EVs, far more cost effective, which is a threat to OPEC.
Is OPEC powerful enough to stunt alternative technologies in the US, and are Americans foolish enough to fall for such a stunt?
Labels: Foreign Oil Dependency, gas prices, Hybrid Vehicles
posted by Dahcredyns at
9:07 AM
5 Comments:
I'd say because a lot of this countries citizens are chimps...yes, they could affect at least the rate of change most of the bloggers on this site are looking for. Believe me, I work in the Financial Services Industry in Nebraska...I'm surrounded by them. Not dumb, just narrowminded. Though Omaha, wher I live and work, is VASTLY more liberal than the rest of the state.
I don't doubt it. I was looking over some GM sales data and while SUV and large truck sales are down. GM is noticing an increase in sales. Certainly this is a combination of incentives, but I'm certain cheaper gas also has something to do with it.
History has demonstrated that the American consumer typically has very short term memory.
$100 per gallon? Wow. That is a lot.
My apologies. I fixed that to barrel, although I'm sure you knew what I meant.
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