Here's the exact reason why everyone's excited about plugin hybrids and cars like the Chevrolet Volt.
Qatar's energy minister said crude oil prices, which have surged recently to record levels above 80 dollars a barrel, should be more than 100 dollars.
"If we take into account inflation from 1972 to the present day, the real and fair price for oil should be more than 100 dollars," Abdullah bin Hamad Al-Attiyah said in remarks aired by Al-Jazeera television on Tuesday.
Oh, well we should be GRATEFUL then that oil is at $80 a barrel? There is literally NO REASON for oil to be this high. The only reason's cited so far is the war in Iraq, Iran's nuclear issue, and terrorism.
The "hurricane season" that had people "worried" didn't do anything. So why doesn't the cost go down to levels BEFORE the "hurricane season"? Because there's a demand and OPEC and other oil producers are pushing the boundaries of what people are willing to pay.
This is exactly why I'm looking for an electric car or something along the lines of the Chevy Volt. The SECOND a car comes down the pike that let's me commute without paying a dime in gas costs (other than simple oil changes if necessary), I'm pulling out my Visa and buying that car.
I have an electrician friend who can install several solar panels on the roof of my house, so I'm not even going to be paying for extra electricity.
Keep it up OPEC nations, you're pushing me and everyone else towards alternative energies that don't involve you. One of the main reasons the Middle East is even relevant on the world stage is because of their vast energy supplies. Pull that away and you'll watch them shrivel up to a speck of what they are today.
Travis
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