Oil is supposd to slide under $50 a barrel eventually (was almost $150 in July). But let's not forget that the lower gas prices go, the worse our economy is (because people don't have money to spend on gas). So now OPEC and Iran want to reduce the supply by like 2 million barrels to make prices go up again (let's not forget that the money we give to Iran for oil goes to their nuclear program and support for Iraq terrorism). These countries DEPEND FULLY on oil, and they know that the huge price (above $4) caused a PERMANENT consumption rate in Americans.
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But my main point is, do you guys think that America will be able to consistently lower the demand as these MIddle Eastern Countries strive to get gas above $100 a barrel as we try to get gas to where it used to be way back (like $1 a gallon)? We have to try, and as more hybrids are sold (Prius gets almost 50mpg while electrical cars get Infinite mpg), I think the gas money we're using can go to solar power. What do you guys think? Can we keep lowering the demand enough to invest into solar?
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