Saudi Arabia controls the flow of oil
Every time a new technology threatens the oil industry the Saudi's pump more oil and drop the price of oil. But one day in the future they won't have the abilty to do that anymore. Even if they frack the ground to get the last drops of oil out of the ground it will run dry at some point in time. That's inevitable folks
Toyota and Honda both are going to MASS Produce fuel cell cars. Do you really think that they could do that and not know what they are doing?
I'm telling your right here and now that fuel cells will power the word someday. Maybe not tomorrow or next year but they will eventually make a huge dint in the world's use of Hydrocarbons.
2015/16 is just right around the corner. 2014 is almost over right now.
Why would anyone want to drive a car that can't be run inside their garage while they stay inside the car as the garage fills up with gas fumes? Instead they can drive a fuel cell powered electric car that not only goes over 300 miles on a fill up but can be filled up in 3 minutes and had no pollution at all.
Have you guys ever seen a Prius or other electric car at a stop light accelerate away from all the other gas powered cars like they were standing still? These little cars are quick and quiet and don't pollute. The main downside right now is the cost. After I posted this thread I went back and read some more of the articled and noticed that these cars sell for $50,000 or so. That would have to change. They need to get the price down to where it's more affordable. The price of vehicles is out of sight these days. Way too much money for these new vehicles.
George you really don't believe that Obama controls the price of oil do you? You're just trolling now! :)
The oil barrons are the one that control the price of oil and they always have been in control of the supply side of the Oil Economic Picture.
The demand side will continue to grow until the supply side can't keep up and then there will be a huge crash in the oil markets. That's when the alternatives will have to be brought online fast. Unless we plan ahead and do it gradually before the oil runs out for good.