Good points, all.
If you are like me, and you think there's a good chance for gasoline prices to double sometime in the next two to three years, then your "break even" date will come twice as fast.
Yes, I think there's a good chance for $100/barrel crude prices, and a $4.00 to $6.00 price per gallon of 87 Octane in the next few years. We're not seeing major new oil finds, nor do we seem to be making hugely successful efforts at weaning ourselves (US) off of oil (I mean oil of any kind, not just of the so-called "foreign" variety).
I hope I am wrong, but I see the parking lot at my place of work. More SUVs. Only three hybrids.
Tick tock.
If you are like me, and you think there's a good chance for gasoline prices to double sometime in the next two to three years, then your "break even" date will come twice as fast.
Yes, I think there's a good chance for $100/barrel crude prices, and a $4.00 to $6.00 price per gallon of 87 Octane in the next few years. We're not seeing major new oil finds, nor do we seem to be making hugely successful efforts at weaning ourselves (US) off of oil (I mean oil of any kind, not just of the so-called "foreign" variety).
I hope I am wrong, but I see the parking lot at my place of work. More SUVs. Only three hybrids.
Tick tock.