Wadhamite

Americans Forget High Oil Prices Too Quickly

I am awaiting the day when China produces and sells in the USA a $10,000 fuel-efficient small car. Does anyone really doubt that it will happen? When it does, the implications for "big oil" and "Detroit 3" should be obvious. And, in today's cheap-oil and auto-bailout scenario, there might be just enough time for America to beat the Chinese. If we lose this opportunity, it's gone for a long time.