Oil Prices

"To illustrate, an average clunker across Europe... is probably worth less than $5,000 to buy. Refueling it for a year at 20 mpg, which is where the European fleet was on performance 10 years ago requires an average of 600+ gallons. As a result the average used car owner will pay more than $5,000 for car energy supply for one year - more than the car is worth." This should provide some very interesting market opportunities for auto companies.

Dec 1, 2007 in Politicks | Comment