Lawrence, KS - Events Local News Groups Contact
Gas $7 Per Gallon in Four Years
By Indy Media / filmsforaction.org
Apr 25, 2008
By Lloyd Alter. From TreeHugger.com

Time to buy a bike: Gasoline prices in North America will soar over the next four years to $7.00, causing a massive jolt to the continent's manufacturing base not seen since the oil shocks of the 1970s, a leading economist is warning. Jeff Rubin of CIBC World Markets was laughed at three years ago when he predicted $ 100 per barrel oil, and now thinks it will climb to $225 in four years. (Houston Chronicle quotes him as saying gas will cost $10 per gallon) From the National Post:

"Stripping out natural gas liquids, oil production has not grown for over two years, which certainly goes a long way to explaining why oil prices have doubled over that period," Rubin said. "It is increasingly clear that the outlook for oil supply signals a period of unprecedented scarcity."

Rubin predicts hybrids will go "from marketing and PR fluff to the core of car production." People will move closer to where they work. "I think there will be fewer people on the road in North America in five years than there is right now."

Read more at the Houston Chronicle.
0.0 ·
0
Trending Today
This Impassioned Post by a Charlottesville Resident Sets The Record Straight
Lisa Moore8,726 views today ·
This Chilling Charlottesville Doc Should Be Required Viewing for all Americans
22 min2,180 views today ·
As Alt-Right Gathers in Boston, Thousands Counter With Rally to Fight Supremacy
Jake Johnson963 views today ·
Drawing Equivalencies Between Fascists and Anti-Fascists Is Not Just Wrong, It's Dangerous
Stanislav Vysotsky684 views today ·
90 Inspiring, Visionary Films That Will Change How You See the World in Profound Ways
Tim Hjersted683 views today ·
Peter Joseph & Abby Martin on Abolishing Capitalism
45 min545 views today ·
This Facebook Comment About the UK Election Is Going Viral
Chris Renwick505 views today ·
The White Man in That Photo
Riccardo Gazzaniga448 views today ·
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley372 views today ·
Load More
Join us on Facebook
Gas $7 Per Gallon in Four Years