Looks like good news.
can I buy that new Hummer yet?
That might reduce oil prices a bit, but we need actual supply coming online. I would expect supply to start rising over the next couple of years, but every oil rig and drilling ship in existance is already booked for the next few years, so don't expect prices to drop to below $100/bbl for several years if ever.
I'm driving the 'Intimidator Edition' Monte Carlo. Supercharged V6. It's on board computer shows me that I get 27.6 MPG combined average. At 65 it gets 30-32 MPG highway.
It's a 2004, and yet I see commercials bragging about new cars that get worse mileage.
And they aren't half the car this baby is!
GM might sell you the COMPANY!!! ;-)