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mpenguin1 · August 12th, 2005, 18:48

[ QUOTE ]

I remember in college reading something about OPEC, and it said the ideal goal price for oil was around $20 a barrel. OPEC worried that if it charged more than that, it would cause the world to gear up alternative fuel sources, therefore rendering OPEC useless. I guess that whole plan fell by the wayside.

[/ QUOTE ]

Exactly! In order for alternative fuel sources to be explored, the barrel will have to maintain a high price for an extended period of time, like it is now.

Look at Boeing & Airbus right now, pumping technology into producing more effiicent aircraft that use less fuel, the sales of the Hybrid have been increasing, etc.

August 12th, 2005, 18:48	#23
mpenguin1 Old Skool Join Date: Jun 2002 Location: Seattle Posts: 10,580 Blog Entries: 5	Re: Fuel prices [ QUOTE ] I remember in college reading something about OPEC, and it said the ideal goal price for oil was around $20 a barrel. OPEC worried that if it charged more than that, it would cause the world to gear up alternative fuel sources, therefore rendering OPEC useless. I guess that whole plan fell by the wayside. [/ QUOTE ] Exactly! In order for alternative fuel sources to be explored, the barrel will have to maintain a high price for an extended period of time, like it is now. Look at Boeing & Airbus right now, pumping technology into producing more effiicent aircraft that use less fuel, the sales of the Hybrid have been increasing, etc.