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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, AVL.to, RES.v, CCE.v, QUC.v, SQM, FMC, ROC, HEV, AONE
Posted by andre at 2:16 PMWe 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).
SAI
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.
LeaderPost.com:
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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