Will things change if gas hits $3.00 per gallon?
So oil is almost at $60.00 per barrel and has a very good chance of approaching $70.00. While I've predicted $3.00 gasoline before year's end, which was an aggressive prediction just weeks ago, others are sounding the $3.00 dollar alarm as well now. "I think within a year from now, you're probably looking at $3 gasoline and you're probably looking at something over $60 for oil," stated oil tycoon Boone Pickens, who runs a billion-dollar hedge fund that invests in energy commodities and equities.
What will happen if gas hits $3.00? Not much good from Congress or U.S. automakers - that seems clear. And why should they act, most Americans are complacent, apathetic and don't vote anyway.
What could they have done?
Biofuels are competitive when oil is $35 per barrel in Brazil (See more). Why couldn't that have happened in America? I'm sure pork-barrel lobbyists had nothing to do with it.
For more see Gas prices, hybrids, and Politics.






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