Probably going to get a ton of flak for this, but are hybrids worth with current gas prices?
Before you respond let me explain a couple things.
First, I am a student enrolled in a petroleum technology program, and only have 8 classes remaining before graduation. It is very interesting technology and costs a ton of money to research, develop, manufacture, and transport.
Oil prices are where they are today because of Russian and the middle east basically not getting along; however, there is more than that it boils down to America’s fracking technology making shale oil in places like the Bakken reachable with horizontal drilling and other resources. While Bakken oil is expensive it’s a ‘sweet’ oil that has a lot of potential and this area is abundant. …show more content…
Why? Because in the last twelve months technology has taken another step forward to make Shale oil more profitable, and eventually the Middle East will raise prices in conjunction with OPEC.
Basically America’s Fracking is adapting and OPEC will learn this is one machine that cannot be stopped.
*Let me add one more thing before moving on – This is not all the information I know about what is happening around the world in oil. There is a lot more going on that is not released into media nor posted online. Speculation remains king and no way is it possible to predict the future of oil with any certainty.
All this was mentioned because there is a recent trend taking place at an alarming rate. People are jumping ship from fuel sipping vehicles and hybrids back to gas guzzlers. Note: Admittedly this is good for my family’s pocket book down the road. Nonetheless, I feel this is something that should be discussed, and would like other opinion on the matter.
-With the advent of cheap oil, have you notice more people buying larger vehicles?
-How do you feel about gas rebounding within the next two year to roughly double or even triple cost per
Before you respond let me explain a couple things.
First, I am a student enrolled in a petroleum technology program, and only have 8 classes remaining before graduation. It is very interesting technology and costs a ton of money to research, develop, manufacture, and transport.
Oil prices are where they are today because of Russian and the middle east basically not getting along; however, there is more than that it boils down to America’s fracking technology making shale oil in places like the Bakken reachable with horizontal drilling and other resources. While Bakken oil is expensive it’s a ‘sweet’ oil that has a lot of potential and this area is abundant. …show more content…
Why? Because in the last twelve months technology has taken another step forward to make Shale oil more profitable, and eventually the Middle East will raise prices in conjunction with OPEC.
Basically America’s Fracking is adapting and OPEC will learn this is one machine that cannot be stopped.
*Let me add one more thing before moving on – This is not all the information I know about what is happening around the world in oil. There is a lot more going on that is not released into media nor posted online. Speculation remains king and no way is it possible to predict the future of oil with any certainty.
All this was mentioned because there is a recent trend taking place at an alarming rate. People are jumping ship from fuel sipping vehicles and hybrids back to gas guzzlers. Note: Admittedly this is good for my family’s pocket book down the road. Nonetheless, I feel this is something that should be discussed, and would like other opinion on the matter.
-With the advent of cheap oil, have you notice more people buying larger vehicles?
-How do you feel about gas rebounding within the next two year to roughly double or even triple cost per