Tuesday, January 13, 2009

The economic outlook this morning is gloomier than ever. Everything is tanking. The price of crude is about $37 with analysts predicting it will go below $30 and perhaps even lower. If so, Alberta's economy will take a bad hit. If the price stays down for a prolonged period, what will this mean for motorists? Will the popularity of gas guzzlers return just when the Detroit Three (they used to be the Big Three) are hell bent on producing electric cars? Who will buy them when gas is 50ยข a liter? Already, sales of the Toyota Prius are down sharply. Great timing, Detroit!! Again.


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