issued another gloomy prediction, with gasoline hitting US$7 per gallon as impoverished Americans withdraw 10 million vehicles off the roads by 2012. The report forecasts that continued growing global demand combined with ongoing supply challenges will see oil prices continue to rise and hit $200 per barrel in 2010. This will translate into further pain…
ENERGY: CIBC predicts Americans will pull 10 million vehicles off roads by 2012
Posted on June 29, 2008 by EnergyAsia