Oil Prices
In today's New York Times, the Saudi oil minister is reported to have committed to moderate oil prices of around $50/gallon. Hmmm.
Have they all of a sudden just become nice guys?
You know they have to have an ulterior motive, since they will stick it to the USA any time they get a chance.
Do you think the growing popularity and development of hybrid technology and other alternative energy sources is prompting them to try to slow it down by keeping oil cheap? Do you think if gas stays cheap over the next year or so it will hurt hybrid sales and TCH's resale value?
How far must the price of gasoline fall before it no longer makes any economic sense whatsoever to pay the extra price for the hybrid technology?
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