 | Implications of Energy Return on Investment, Peak Oil and the Concept of “Best First” | The Oil Drum | Ukraine-Russia gas spat: some background and context |  |
200 comments on DrumBeat: January 3, 2009
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200 comments on DrumBeat: January 3, 2009
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Apparently the wholesale price of large truck/SUV's has risen by about $2,500 to $5,000 in past four months, while used hybrid prices have fallen by about the same range.
In purely economic terms, I suppose the prices make sense--of course assuming that fossil fuel resources are virtually infinite.
Should be a good time to trade in a truck/SUV for a hybrid. It is usually a good investment strategy to go against the crowd, and once oil rebounds, this situation could reverse in a hurry.