Sunday, February 14, 2010

What will happen when oil prices leap?

In an article published in the Guardian on June of 2009 see http://www.guardian.co.uk/business/2009/jun/10/oil-market-reserves, there was a prediction of “$250 a barrel on fears for oil reserves, hopes of economic recovery and hedging against weak dollar . “The price of oil burst through the $71 a barrel mark today amid revelations that proven reserves had fallen for the first time in 10 years and predictions that the price could eventually hit $250.” What does this mean for the gas pumps? Well if recent history is any indication it could go over $6.00 a gallon. What does this mean for the motorist? Either dress down and travel less or just liberate yourselves and go electric. I found a company that is actually preparing the infrastructure that will give Americans an alternative choice of paying a high price for smog or what will be a cheaper and greener automobile energy source. Car Charging Group Inc, CCGI is leading the way by providing us now with a clean electric vehicle charging station infrastructure throughout the Untied States. Just check out the CCGI site and you will see for yourselves – their investment in our future.

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