Originally Posted by Bagels
I actually believe it is down near $45 per barrel now.
Nah demand is still fairly high across the board. Plus OPEC will make another 500,000-1,000,000 barrel cut when they meet again. That will keep true supply vs demand pricing around $65-$70. Now if we can really cut our demand it'll hurt him good. Don't get too excited over pure electric cars. You still need to charge them. Guess how they fuel electricity production
Leep in mind that the oil required to run a gasoline car is always going to be less than the amount required to provide electricity that will fuel an electric car.
Stronger fuel cells (electric) are needed first. After that, use nuclear power to provide electricity to power the electric cars and we'll be free of oil. Just don't go tossing those things up in a hurry. No one wants to glow.