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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (10804)	7/7/2009 1:10:44 PM
From: Brumar89	Read Replies (2) \| Respond to of 86360

When oil prices get up to $100-150 and higher, it looks like it will crimp the economy back till prices fall again. We haven't seen oil losing a "competitive edge" yet. I can speculate that high gasoline prices and low natural gas prices will spur moves to CNG for transportation over time. Last time gasoline prices were high, ng prices were up too. How about next time? With the growth in LNG and shale gas and maybe an Alaskan gasline, next time it may be different. Car companies are all developing EV's. But will people buy them? They'd better get the price down. Or not many will or will be able to afford to.