Sunday, December 13, 2009

Electric cars: Oil's Going To $225 By 2012, Says Analyst TNR.v, CZX.v, WLC.v, LI.v, RM.v, CLQ.v,, RES.v, CCE.v, QUC.v, SQM, FMC, ROC, HEV, AONE

We will not bet on this particular prediction, but now you can get the feeling: why guys like Fedex are voting for Electrification and, by the way, electric cars are here already (picture gallery).


Oil's Going To $225 By 2012, Says Analyst

Canada's LeaderPost has an excellent article about the coming oil price surge and the need for uber-aggressive efficiency projects.
Chinese consumers are buying more than a million cars a month -- and in India when the US$2,500 Nano went on sale, more than 200,000 were ordered in the first two weeks. Adding millions of cars a month to roads will inevitably drive up oil prices.
Jeff Rubin, the former chief economist for CIBC World Markets, predicts that the price of oil will rise to US$225 a barrel by 2012. For readers who dismiss Rubin, think about this:We are in the midst of the biggest recession since the Great Depression and oil has already risen above US$80 a barrel. In 2003, few pundits would have thought US$80 oil was possible. (And Rubin's past predictions have proven deadly accurate: In 2006, he predicted oil would hit US$150 a barrel in 2008.)"

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