GregT wrote:So WTI has fluctuated between 15 and 30 dollars per barrel from the 80s all the way up until 2004, and now some of us believe that prices 3 times the historical average equate to a 'period of very cheap oil'. Unbelievable.
Plantagenet wrote:In 1989 the price of oil crashed. Within a year GM had cancelled its EV-1 electric
car model, recalled them all, and crushed them to blot out the horror of ever
having built a successful electric car.
Its 1989 all over again. How long until GM cancels the Volt, just like they cancelled the EV-1 in 1989.
Similarly, the push for mileage efficiency and alternative energy suddenly seemed a
lot less urgent when oil and gasoline were cheap in 1989.
The trouble with cheap oil now is that the same thing can happen again. Its going to be like 1989 all over again.
I predict GM is going to cancel the Volt. Tesla may very well go bankrupt (they are waaaaaaaaaay overextended on credit). Energy efficiency efforts can get sidelined. The government can reverse course yet again on energy policy (as if they actually have an energy policy).
We are going through another stupid cycle of cheap oil, and its going to be like 1989 all over again.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:1989 vs 1999 is quite a wide miss.
Tanada wrote:Volt sales this year were up through October the best for any calendar year since it was introduced. No doubt if low gas prices last more than a few months that will change, but GM was doing very nicely on the Volt TYVM.
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