Electric Cars are coming on our streets, Peak Oil presentation is made now at the U.S. House (it is the must see video) and Gas prices are down not for a long time. Panic release from SPR only confirms the seriousness of the situation, when only government intervention in the Election Cycle can bring the price of Oil temporary down. QE 3.0 is under way and US Dollar debasing will bring inevitable: Inflation multiplied by Peak Oil situation - Electric Cars are the only viable way forward now and its means high tech jobs, rebuilding of the manufacturing base and directed government subsidies to ignite the domestic economy.
It is clear already for China, Korea and Japan, but in US we have the hesitation as usual.
"When major credit rating agency like Standard and Poor's gets on the bandwagon of Electric Cars and analyse it all across the value matrix you know that it is getting serious. The mass infrastructure is coming - the Oil one was not built in one day as well. Recent panic and release of Oil from SPR just indicates how stretched the Oil supply already, when economy can not even decide whether it will double dip or not. While West still discuss how to implement Electric Cars in our modern lives, Asian players are busy taking its lead in this strategic industry.
"Lithium Charge: China Begins Implementation of "12th five-year" Plan for Electric Cars. China takes Electrification of its transportation system very seriously and Chinese companies are very active now in the Lithium and Rare Earths spacesecuring the supply of this strategic commodities."