If it keeps going on like this, soon we’ll have to forget about cars
If we look back in history, people always found the way to solve this kind of problems. The love for driving cars overcame the fear of oil price increase.
I remember when few years ago the price for oil/barrel was 40$. good old times...
euigorwithyou Wrote:If we look back in history, people always found the way to solve this kind of problems. The love for driving cars overcame the fear of oil price increase.
On Monday it reached a record of $139.89 per barrel. So I don't think this can overcome the "power" of the pocket
when alternative energy sources begin to be used largely the price for oil will go down.
Today prices for oil reached 148$/barell.
It's very possible that by the end of the year it will approach 190-200 dollars. The year 2009 is going to be a peak, I think, in the matter of people's decision what to do further with the cars which consume much fuel.
Today oil price = $145.28/barrel. It went down a little.
M.Helen Wrote:when alternative energy sources begin to be used largely the price for oil will go down.
This will not happen soon, taking into account the current price.
Although the current oil prices have been dropped significantly, however it will soon rise again in the end of the year...
on what basis you state your forecasts? Do you know something special we don't?
willyoumind Wrote:Although the current oil prices have been dropped significantly, however it will soon rise again in the end of the year...
Are you working in the industry?
Only an update guys. The price went down to 106$ and i think will touch the 100$ - psychological level after a few spikes.
Thank you, that's a really good news. However, we, the consumers, expect to see that at fuel stations
This will only happen if national gas companies will finish their oil reserves, and if the oil price will still be the same at the production facilities and on worldwide markets.