With the price of oil these days rising at an unsustainable rate, I think we all wonder what the consequences of these high prices are. Oil reached over $107 USD a barrel which is twice as high as it was even 2 years ago.
Hopefully these insainly high prices will force the automobile industry to provide consumers an alternative to the average consumer who wants a vehicle to limit dependence on oil. Unfortunately, the governments likely will need to force this by offering money or restricitions. We will see.
See this article on the prices of oil
http://www.financialpost.com/story.html?id=365909
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