OPEC have been trying to calm the markets but even production output quotas didn't stop the big hikes over the past year. OPEC may not be looking to cut output but they're at capacity already and demand is still projected to grow.
no, it's not a good thing, this will merely delay the research and development of alternative fuel sources for cars especially if oil prices continue to fall...
no, it's not a good thing, this will merely delay the research and development of alternative fuel sources for cars especially if oil prices continue to fall...
I don't think that a short term fall in prices will make much difference to research as everyone knows that aside from the fact that a price fall can only be short term, there is an increasing awareness that the supply is limited
In fairness, we should have started seeing Hybrid cars 10 years ago. Bush has not exactly been supportive of Alternative energy sources..I agree with Brian as this is the eye of the storm...
Although prices have started to drop on US inventories and Iran talks, the inherent instability of the oil prices at the moment means I wouldn't be too surprised if we saw them grow further in the long term.
Oil prices dropping
Anyone else want to venture a guess?
