The current high oil prices have more to do with the low $ and people investing in oil instead of other markets that have recently fallen on the wayside. Here in the US we finaly have $5 a gallon fuel which is having a big impact on the types of new vehicles sold. I think its all good :)
Petrol prices in the UK could be $5 too if the government didn't take almost 60% of it plus VAT. Here the fuel stations barely break even. The government and big oil companies make all the money.
Having said that, will be interesting to see if McCain goes ahead with his plans of a $300,000,000 prize avaliable to anyone that can jump a technology gap with next gen batteries.
I'm looking forward to seeing how the Chevy Volt works out. A plug in electric car thats 100% electric drive, allthough it does have a small engine to generate electricity once the battery runs low.
There are a few other cool sports cars using similar tech, Fischer Karma and Tesla.
I think the high fuel prices are a good thing myself. Even if it does mean that the price of goods go up to compensate for rocketing shipping costs.
Ford closed down 3 SUV and Truck plants and are retooling them to make European cars like the Fiesta. And GM is bringing out the Saturn Astra (Vauxhall astra). Ford focus production has increased 30% in the last few months, and sales of small economical cars have gone through the roof.
Petrol prices in the UK could be $5 too if the government didn't take almost 60% of it plus VAT. Here the fuel stations barely break even. The government and big oil companies make all the money.
Having said that, will be interesting to see if McCain goes ahead with his plans of a $300,000,000 prize avaliable to anyone that can jump a technology gap with next gen batteries.
I'm looking forward to seeing how the Chevy Volt works out. A plug in electric car thats 100% electric drive, allthough it does have a small engine to generate electricity once the battery runs low.
There are a few other cool sports cars using similar tech, Fischer Karma and Tesla.
I think the high fuel prices are a good thing myself. Even if it does mean that the price of goods go up to compensate for rocketing shipping costs.
Ford closed down 3 SUV and Truck plants and are retooling them to make European cars like the Fiesta. And GM is bringing out the Saturn Astra (Vauxhall astra). Ford focus production has increased 30% in the last few months, and sales of small economical cars have gone through the roof.