With China and India at currently less than 10% of their citizens owning an automobile, yet they continue to grow and industrialize and push for more automobile ownership – where will gasoline prices be say 10-years from now?
Should we be waiting to fix this pending issue when it arises or, should we be using our common-sense today to fix the issue now?
To those who say ‘no to clean energy’ I have to ask, what is the solution to what is undoubtedly a reality to future oil & gas prices? Are we to presume that we (the U.S.) can literally drill our way out of this pending disastrous financial and economic reality?
Roughly 75% of age residents in the U.S. owns an automobile compare to China and India, which is around 6%. That’s a whole lot of growth potential, both to the automobile market, and to the demand for gasoline.