Speaking of Kleiman, he points out that the futures markets are pricing oil in 2010 at $39/barrel.
I tend to side with the freaks on this one, though, and let me tell you why.All my West L.A. friends who are married and have kids have SUV’s. West L.A. – the media capital of the world (sorry, Manhattan) tends to lead trends that are wide in Middle America eighteen months later.
In the last two months, I’ve had dinner or lunch with four of my friends.
All four are in the market for hybrid Priuses to replace SUV’s except one, who’s trading in his Yukon for a Subaru.
When I was in the U.K. last month, I used car services to get from and to the airport.
As we drove down the motorway, I watched the trip computer in amazement…we were tracking close to 80mph most of the time…and it showed a trip average of 52.5 mpg.
Then I realized that they were Imperial gallons, which reduced the mileage to 43.6mpg.
For essentially a full-sized sedan.
There’s a lot of room for more efficiency here.