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Old 05-22-2008, 08:17 PM   #11
Chris Craft
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I also am not sure that drilling more will help. There certainly is no shortage of oil now. Refinement seems to be the bottle neck as far as that is concerted. Also all the environmental regulations for so many different blends of fuel. Low Sulfer deisel has driven up the prices HUGE. The week US currency, feer generated by the media, speculation on the comodities market, demand from countries like China....... I could go on and on. The price IMO is hear to stay and I think it is not going to stop tell we hit about 5 bucks a gallon. Then it will take some kind of new technology to come into play be it hydrogen or what ever.

I purchased a Hybrid Escape last month and so far have to say that I am impressed with it. The fuel savings alone over my truck pays for the car and then some! If they came out with a hydrogen fuel cell that could let me fill up with water I would pay 100K for it (I drive a LOT). The good news is that the higher the price of fuel the more that alternatives will be pushed and they become more viable.
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