e-car
a few years ago gasoline prices around here went up to nearly $4/gallon. i predicted (wrongly) they'd be there for good. but it didn't take too long for gas to drop below $3/gallon. hrm. i chalked it up to demand dropping faster than supply. but now i'm not so sure. i want to get an electric car. everyone knows they're much cheaper than a gas powered car. right? i mean that's such obvious thing that i didn't even run the numbers. imagine my surprise when i did. my gas powered car costs about 12 cents per mile. google facts estimate that an electric car would cost about 10 cents per mile. yeah, it's better. but it's not gob smacking better like the marketing of such things has lead us to believe. that's at current prices. if gas were stable at $4/gallon... maybe electric cars would be able to break into the market. which would make the oil companies very unhappy. therefore gas is $3/gallon. and will be for as long as the oil companies turn a profit undercutting the electric companies.