phillips49

Forget $100 a Barrel - Oil Will Plummet to $30

Seems to me, that the author ignores the market dynamics of oil. How long does anybody think that the oil producing nations will pump more for less? Our wee changes in consumption are easily overcome with a twist of the valve. It ignores growth in other countries and their impact on the competition for oil. It ignores the fact that global production has been flat for several years. It ignores the fall off in oil production by PEMEX, one of our largest suppliers. It ignores the political unrest in Nigeria. It ignores the impact of the additional 200,000 bbls of production by Saudi. It ignores the time and the cost to replace domestic energy with alternate forms. It ignores the fact that the USA is fragmented on a solution for energy and lacks a comprehensive national plan to fix it. It ignores the current impact of institutional investors unwinding their long positions in oil..........nuf said

Is There Any Hope for the Big Three Auto Makers?

Considering the new reality of oil, the future for the Big Three can be quite bright. Facing $5 - $6 per gallon gasoline, the entire mobile fleet of the US will need to be upgraded for fuel efficiency. That's a lot of vehicles. The public will want the ammenities plus 50 mpg or better. Whoever gets there first is going to clean up.