But we are in the classic “chicken and egg” situation: Manufacturers don’t want to build natural gas vehicles because they aren’t certain there will be a market for them. Consumers (companies and individuals) can’t buy such vehicles because the manufacturers won’t build them.
Archive for May, 2009
Energy supply crunch brewing
Forget low oil prices. The worry of the moment is a spike in oil prices and how long it will take before a supply crunch sends prices soaring
Supply up, demand down, but oil prices rise
Crude oil, the lifeblood of the global economy, costs $61.67, even as the world struggles through the worst recession since World War II. And prices are rising, climbing 26 percent in the last month.
