Gas prices won't help hybrid sales in 2009
No production cutsCNBC had some coverage on OPEC's decision not to cut oil demand. The consensus amongst the analysts was that oil prices will probably jump a little this summer, but $2.00 gas will probably be the average through 2009. However, the long term view is much higher prices - assuming the economy eventually gets better.
Labels: gas prices
posted by Dahcredyns at
6:31 AM
3 Comments:
And with CNBC being so accurate on Bear Stearns, etc. , the public should believe them because ... ?
If it keeps dealerships from gouging on hybrid pricing, that's great, but I hope people aren't that short-sighted.
These are not CNBC analysts making the prediction, it's energy traders. Still, when it comes to business news I'd take CNBC over any other news outlet easily.
The focus wasn't really even gas prices, the focus was on how low gas prices had put a number of R&D projects on hold for many major oil companies, especially the NOCs. This, these traders believe, is a bit dangerous because they see much higher prices in just the next couple of years.
Nonetheless, I agree with your ultimate point.
Learn how we can set ourselves free with a hybrid vehicle.
http://www.h2gen.info/hybrid/hybrid-cars/
Post a Comment
<< Home