Quote from libertad:
The key here is having automobiles manufacturered that use far less or no oil...
Toyota is planning to build 1 million hybrid units per annum by 2010 that will have high range battery systems...combined with internal combustion....whereby the internal combustion will be developed to run alternative fuels...
You get the promise of several million of these on the road...and oh yeah...the oil welfare states will sell in earnest...price will be dropping...and their states will be needing the money...
No, no, no.
The key is that oil never should have been this high in the first place. It was based on hurricanes, terroism, Iran, peak theory, and the funds acting sheepishly as they always do.
Perfect storm for bears. There isn't shit OPEC can do now. Record global supplies. They need a hurricane (too late in the year), or major mid east fuckup. Saudis actually want the price to drop so that we stay addicted.
That's it.
