[meatloaf]

I’m hoping it’s the early 70’s all over again. Meaning high oil prices lead to a significant drop in gasoline demand leading to a drop in prices. Although it hurts, I like to see two stages. The one with $3 to $4 gasoline and $100/barrel oil leads to R&D, new alternatives and infrastructure development (oil sands production and new pipelines for wider distribution possibilities) and another brought on by a move to higher mpg vehicles.

End result is fewer bucks for oil producers.

[cookcounty]

Whatever happened to the big North Dakota Bakken field announcement???

[NoLibZone]

"The one with $3 to $4 gasoline and $100/barrel oil leads to R&D, new alternatives and infrastructure development (oil sands production and new pipelines for wider distribution possibilities) and another brought on by a move to higher mpg vehicles."

I agree.

At less than 3.50 a gallon the little home brew E100 Machine has popped up. www.efuel100.com

Wait till gas hits ten a gallon! There will be dozens of US Entrepreneurs fielding alternatives.