There have been a few threads regarding the spiralling cost of Oil.
Whilst this is bad news for everyone but Shell, BP etc etc there are some positives that will come from all this...
1. Battery / Fuelcell powered cars. - These have been looked already but no one was going to buy a car that has a limited range, limited power and costs more than a coventional motor. If fuel prices do indeed double, car producers will have a very hard time selling new cars and will have to invest heavily in hybrid cars if they wish to survive.
So investment will increase sharply in the future and the cost of these new cars should fall.
2. Public transport will become viable again as less and less people can use their cars every day. (Although I don't think the government will invest anything it anyway).
DT_Xtremez_25:
Whilst this is bad news for everyone but Shell, BP etc etc there are some positives that will come from all this...
1. Battery / Fuelcell powered cars. - These have been looked already but no one was going to buy a car that has a limited range, limited power and costs more than a coventional motor. If fuel prices do indeed double, car producers will have a very hard time selling new cars and will have to invest heavily in hybrid cars if they wish to survive.
So investment will increase sharply in the future and the cost of these new cars should fall.
2. Public transport will become viable again as less and less people can use their cars every day. (Although I don't think the government will invest anything it anyway).
DT_Xtremez_25: