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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (110202)	3/31/2010 10:19:25 PM
From: koan	Read Replies (2) \| Respond to of 116555

We need to reduce our consumption. We should have put a .50/$1 tax on gas 50 years ago!

To: Broken_Clock who wrote (110202)	4/1/2010 1:24:31 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116555

“It would not lower gas prices tomorrow. It would not lower gas prices this year. It would not lower gas prices five years from now. So I guess all of humanity are all going to stop driving ICE automobiles within the next 15 years? Do you have any idea how much oil is going to be used by China alone, not even counting India or Africa? It's pretty obvious that affordable electric cars are still a thing of the future (at least until we see inexpensive ultra-capacitors). Batteries are expensive (often a 1/3 the cost of the vehicle) and have to be replaced within 4-5 years (if my Li-Ion laptop batteries are any indication). Hell, I have several UPS power supplies where the batteries lost their ability to hold a charge within 3 years. It's going to take at least 10-15 years to get viable PHEV electric vehicles on the market at a price that the masses can afford, IMO. And if it comes sooner, that oil will be a great source of export revenue to the developing world that will definitely still be using ICE vehicles. Hawk