Oil price drops Posted by conor on 18-Jul-2005 - Day(s) left: 244
1041 people have seen this prediction.
As we see the advent of hydrogen fuel, the recent general release of hydrogen-powered cars, and a more environmentally-conscious population, we will also see less need for oil and other fossil fuels. As a result, the price of oil will fall to an extremely low price - $20-30 per barrel.
It's impossible. Do you think everybody, or just 5 percent of the population, will change their car for a hydrogen-powered car within 4 years ?
Author: John Walker
Even if 10 percent of people in the USA change to hydrogen fuel cars in the next 4 years, at least 10 times more people will purchase petrol driven cars in China and India. USD100/bbl by 2015.
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