Wednesday, January 14, 2015

Why electric cars might be hard to move for about 1 to 2 years

except to the rich and most ecologically minded during the next 1 to 2 years.

With Europe in recession and China, Japan and South Korea headed into recession, and no one buying gas (especially in China now), the price of gas can do nothing but fall (as some hedge fund managers put it) TO ZERO. But, I think the limit might be 10 to 15 dollars a barrel, personally. Though it could hit 1cent per barrel for a time in this process (like a week to a month) I figure until things shake out more.

So, getting the average non-rich non-educated non-ecological person to buy an electric car or truck during the next 1 to 2 years here on earth likely will be pretty tough worldwide because of all this oil glut.

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