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Commodity Trading Discussion Forum

Re: How far crude can go Lower ../Gian

Posted By: Blondie
Date: Thursday, 24 July 2008, at 12:47 p.m.

In Response To: Re: How far crude can go Lower ../Gian (Gian)

Even so, they won't sell many for 100 G's. When is the price expected to drop to $20 G's? Where is the electricity to charge these cars going to come from? T. Boone Picken's wind farm, I suppose. Unfortunately, wind-generated electricity costs 2-3 times as much as coal-generated electricity, so the whole electric car thing is just a bunch of BS. There's plenty of oil around, so let's just start getting it out of the ground.

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