coolhand49

Where Does Oil Go from Here?

Sanibel, I like your reasoning to a point - fuel efficent cars will help drive the conservation of GAS. However the underlying inflation factor is Diesel, which given the refinery mix in the US is underproduced. A serious drive to replace oil heat with electric would help offset this shortage as Home Heating Oil and Diesel are both #2 fuel oil and pull on the same stocks. BTW - not everyone can drive a prius, My cattle trailer and hay trailer need a full size diesel pickup to pull them, which there aren't seriously fuel efficent alternatives out there yet. The good news is there are more fuel efficent diesels being designed than ever, but fleet turnover on large trucks is a 7 year at best game, unless serious tax incentives are encouraged.

Coolhand