Hybrid Vehicles
If you don't know already oil is quite possibly on it's way above $120 per Barrel. Here is at least one estimate that I have gathered from the internet:
$262 Per Barrel Oil?
To come up with some likely scenarios in the event of an international crisis, his team performed what's known as a regression analysis, extrapolating the numbers from past oil shocks and then using them to calculate what might happen when the supply from an oil-producing country was cut off in six different situations. The fall of the House of Saud seems the most far-fetched of the six possibilities, and it's the one that generates that $262 a barrel.
More realistic -- and therefore more chilling -- would be the scenario where Iran declares an oil embargo a la OPEC in 1973, which Browder thinks could cause oil to double to $131 a barrel.
The lastest estimate I've heard of as of 1-9-2008 is $150 Per Barrel Oil. At this point it would be wise for you to see alternative modes of transportation.
Please visit my post below for more details:
Hybrid Vehicals - Alternative Transportation List
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