Sunday, July 27, 2008 Oil Addict: 'rough & costly road ahead POST A COMMENT 'Flashback-Hello-2-the...1970s - when folks called for the 55 mph Speed Limit to conserve on Oil. As fuel costs trickle-down into other areas...that idea for new energy alternatives don't sound so bad. As the Washington Post points out -- two recent factors suggest even rougher roads ahead: 1. That recent announcement from Mexico that it will cut it's crude output by 15 percent... 2. Also news from India's Tata Motors -- "to begin producing a new $2,500 "people's car" called the Nano in the fall. The company hopes that by making automobiles affordable for people in India..." Run the numbers, "supply and demand," will continue to drive world oil prices...and drivers will not see "gas prices retreat to the levels they enjoyed for much of the last generation." Also...while "The high price of oil has sparked recent efforts by technology experts...to come up with ways to wean the world economy off its addiction..." "Developing countries like China and India, however, are in no hurry to embrace this new vision. They want to join the ranks of economic powerhouses and question why they should be forced to temper their aspirations..." Hear that sound? -- It's those huge-SUV makers...'going outta business. Now, if we can only find a decent car battery; 'cause that electric car sounds real good right 'bout now. Source: Washington Post Labels: An Inconvenient Truth, Business-101, economy, emissions, environment, hybrid, Oil Prices, Trends posted by Henry Cruz at 12:49 PM 0 Comments: Post a Comment << Home     ARCHIVES October 2005 . November 2005 . December 2005 . August 2007 . September 2007 . October 2007 . November 2007 . December 2007 . March 2008 . April 2008 . May 2008 . June 2008 . July 2008 . August 2008 . September 2008 .