Originally Posted by gavin
Crusading in Middle East, and Sabre Rattling, and fueling 2 wars thats why we are paying tro the nose
And because the exponential growth in the Chinese and Indian economies, particularly in the ability of a middle class to buy and run a car is dramatically driving demand.
Anyone who doesnt think that high fuel prices are here to stay is living in cloud cuckoo land IMHO. The oil companies (Exxon Mobil CEO just got a $432m payoff) and the govt (taxation kerchinng!) will see to it even if George Dubbayah's foreign policies dont.
Sail. Its the future..........
Petrol here is C$1.20 a litre. Converted to GBP thats about 60p which sounds cheap. As a % of income, which is a more universal indicator of the cost of fuel in different economies I think its getting up there with UK cost. (Incomes in straight C$ to GBP terms are lower here.) At least Europe has widely available economic car engines. North America is still wedded to its V6 and V8 petrol engines. Only diesel passenger car is VW Golf/Jetta/Passat TDI. Only Diesel 4x4 is Jeep Liberty (Cherokee) CRD. Next size diesel up is your full size trucks (F150, Ram2500 etc) with monster 6.0L diesels!)