Saturday, May 17, 2008

Scary thoughts

What if gasoline cost $3.00 per litre ($8.00 per gallon)? That may be a scary question, but considering that some energy sector pundits put the cost of fuel at $2.50 per litre by 2025, it's something that one might have to consider. Oil supplies aren't replenishing themselves (although some geologists have theorized that they might), so once oil becomes a scarce commodity, this will put pressure on gasoline prices. But demand is increasing at a rate never seen before as the populous countries of China and India start buying cars in massive quantities.

Read the article postulating what a $3.00 per litre world would look like here.

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