05-15-2009, 02:54 AM
Oil didn't make it to $200, despite the predictions of many. With a huge new oil field in Saudi starting up 6 months early and Iraq ramping up production, it will stay relatively low for a while to come.
But even if oil did go up, gas has already been at $10 a gallon in Europe and guess what happened? People kept driving. And there they actually have a choice between cars or public transport.
But even if oil did go up, gas has already been at $10 a gallon in Europe and guess what happened? People kept driving. And there they actually have a choice between cars or public transport.