A service manager in an Oil company was asked to write an essay with the topic 'OIL AT $60 a Barrel'. It was then trading at or around $145.
He chose to quit the job and go to another company, because it was mind boggling. They said that oil prices will never come down. Now it is at $80.50 (Brent crude) as I post this to the web.
{{Now you know that those oil barons who sold at $145. and bought stocks will be holding them 40% off their buying price. They will have to wait for another six to ten years before they will realize their original values. }}
Until and unless they get us off the oil dependency, we will see the prices heading back to the previous highs within a year.
Why can't they open up factories that can manufacture "Conversion Kits" that can be adapted to the rear wheels to run the vehicles on Batteries? We also know that the Battery Technology IS improving in the upward direction. That way most of us can drive our clunkers with the plug in mode at nights and do fifty or sixty Klicks every day on batteries for a buck a day. May be it will cost us for the conversion. But the Governments can subsidize us like they are now doing for the furnaces and Hybrids.
Yes I am a dreamer. One of these days.......
Freddie.
i'm sure gas prices will sky rocket again once these elections are over.
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Inderpal Singh
Sorry - yesterday was the deadline for all complaints
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