Hybrid & Related News New cars, press releases, articles and more. Reply only. Have news?

Gov't Report: $50-Plus Oil Here to Stay

Thread Tools
 
Search this Thread
 
Old Dec 14, 2005 | 09:13 PM
  #1  
Jason's Avatar
Thread Starter
|
Site Founder
Joined: Dec 2003
Posts: 4,623
Default Gov't Report: $50-Plus Oil Here to Stay

Oil prices will persist near or above $50 a barrel for years and force a shift to more fuel-efficient cars and alternative fuels, the government said Monday, discarding earlier predictions that costs would drop to around $30 a barrel.

The analysis reflected a significant change from the department's projections a year ago when it predicted oil prices in constant dollars — not counting normal inflation — would retreat in the long term and settle at about $31 a barrel by 2025.
http://news.yahoo.com/s/ap/20051212/...rgy_forecast_5
 
Related Topics
Thread
Topic Starter
Forum
Replies
Last Post
Kennedy
Old Marketplace Archive
11
May 17, 2017 05:20 AM
ManchesterUnited
Toyota Camry Hybrid
4
Oct 14, 2007 06:17 PM
jmorton10
Ford Escape Hybrid
23
Jul 13, 2007 08:55 AM
JJanney
Honda Civic Hybrid
14
Mar 1, 2006 08:27 PM



Contact Us -

  • Your Privacy Choices
  • Manage Preferences
  • Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

    When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

    © 2026 MH Sub I, LLC dba Internet Brands


    All times are GMT -7. The time now is 02:02 AM.