Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 12-22-2008, 04:31 PM   #1608
jjchieffan jjchieffan is offline
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Quote:
Originally Posted by Donger View Post
The bottom line is: keep demand low if you want lower gas prices. I do think crude is under-valued now, which will prohibit new E&P. That's not good.
The good thing though, is that while prices were high, alot was invested in finding alternative fuels, and people changed their driving habits. Everyone has seen what can happen, so I believe that this will continue. Hopefully, the development of alternative fuels will offset any E&P not being done due to lower oil prices.
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