$100 Oil: The Impact on Auto Makers

(July 28, 2006)

S&P is not predicting $100 a barrel oil but notes that it would hit some already struggling U.S. carmakers pretty hard



While Standard & Poor's is not forecasting triple-digit oil prices, the much-discussed prospect of $100 per barrel crude oil and the resulting increase in the cost per gallon of gasoline could only be considered a serious negative for U.S.-based auto makers and their suppliers. And this is clearly an industry that has already had its share of bad news.

$100 per barrel oil???

for more details, visit:
http://www.businessweek.com/investor...investing+main

It's certainly something to look at in the long-term. I really wish I could invest in oil stocks and oil commodities at the moment - I still see those growing in the long-term.

I keep picturing a big battle between the Big Oils and the Auto Industry. Is it any wonder that now the car companies are starting to go "green".