Now the price of oil is 72~77 U$ per barrel. What do u think should be
1) the fair price?
2) the price of oil in 2015?
3) the price of oil now, if 50% of all cars in the World are substituted with hydrogen engine vehicles?
I am from Russia, and just curious what the folks in the World think about that....
2006-07-27 22:36:46 · 9 answers · asked by Igor K 2 in Business & Finance ➔ Investing
1) the fair price?
Considering that peak oil is here $150 per barrel within 6-7 months is not out of the question.
2) the price of oil in 2015?
$200 per barrel or more
3) the price of oil now, if 50% of all cars in the World are substituted with hydrogen engine vehicles?
Dream on....
2006-07-27 23:22:33 · answer #1 · answered by wesleyelvis 2 · 8⤊ 6⤋
A fair price is whatever people are willing to pay and apparently they are willing to pay a lot. Unfortunately, governments, especially the government in the U S has contributed greatly to the high oil price with their policies of encouraging excessive oil consumption. Now the chickens are coming home to roost.
There is a problem with hydrogen powered vehicles. That is you need a power source to separate the hydrogen from its compounds. That power source could be solar or neuclear or even wind or gravity but there must be a power source.
Governments are so myoptic that they can not deal with a problem until it has kicked them in the behind so we are still several years away from beginning to deal with this one. In the mean time be sure that you own a lot of oil stock. It makes the high price of oil much easier to deal with.
2006-07-28 07:15:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1. 50 cents a gallon if you ask me.
2. oil in 2015? most likely $75 per gallon when all those chinks and hindu ***** finally get their ******* cars...
3. So long as i don't have to hydro my my V12 SUV what do I care....? You can have the golf-cart....dog sleds
***talk about hydro cars, why not just drive around like Fred Flinstone?
***if your from Russia why not just use some of that 200proof vodka? Yeah!!!
2006-07-28 06:00:30 · answer #3 · answered by deathtollcarnage 2 · 0⤊ 0⤋
I have a friend in Russia, he says the cost of oil there is ABOUT the same as the U.S. I paid $3.23 a gallon in NY yesterday. It's my understanding that Russia has much oil but, why should they sell it for less than everyone else, right ?
I think that Gasoline, will not be the issue in years to come, it will be fresh drinking water.
2006-07-28 05:45:21 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the fair price for oil is the future of mankind & the planet, being as the burning of fossil fuels is destroying all that!!!
2006-07-28 05:41:35 · answer #5 · answered by jedi_reverend_daade_selei 3 · 0⤊ 0⤋
the fair price is as much as people are willing to pay for it i guess
2006-07-28 05:39:28 · answer #6 · answered by VeronicaB 5 · 0⤊ 0⤋
free
2006-07-28 05:39:12 · answer #7 · answered by barbaradjt 5 · 0⤊ 0⤋
+- half the price we have at this moment.
2006-07-28 06:26:52 · answer #8 · answered by lucky s 7 · 0⤊ 0⤋
Free....
cause God give it.....
2006-07-28 05:39:55 · answer #9 · answered by lou 3 · 0⤊ 0⤋