As Prices Fall, Push for Alternatives May Ease from the Washington Post. Good article on how the lower price of oil may kill investment in electric cars and other ways to reduce the need for oil. It even mentioned the EV1. And remember, it takes 5 years for a new car to be designed and go into production...
Excellent Quote:
"If oil goes down to $60 or $70 a barrel and gasoline gets back to $2.50 a gallon, and that very possibly could happen," he said, "will that demand stay the same or will we shift back up?"
Bill Reinert, Toyota Prius designer.
Sounds like time to buy GM and Ford :-)
No comments:
Post a Comment