acruxksa
Rated XXX
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 Posted: Sun, 16 Nov 2008 14:57:00 Post Subject: |
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If prices had stayed above $4 gallon for too much longer we would have gotten some serious alternative energy legislation passed and they can't have that, so they started lowering prices.
Plus, with prices below $2 gallon people might start buying trucks again, which is the only hope the big 3 have to survive in the short term. How these three companies failed to see the writing on the wall 5 years ago we will never know, but whoever is in charge of determining model lineup should be fired. Could you imagine what it would do to oil prices if we pushed through a revamped CAFE standard of 30mpg? Demand would decrease further and prices could theoretically dip to $1 gallon.
Also, I'm not sure if anyone else caught it, but the US and worldwide ( world wide proven reserves have risen every year for decades, but the US proven reserves were flat for a couple years ) proven reserves actually rose last year. Despite the shortage we have all been told existed.
We're just finally dipping below $3 a gallon up here. I saw $2.95 yesterday.
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