[Leica] IMG: PAW 29 (ric)

[gregj_lorenzo at hotmail.com (Greg Lorenzo)]

The low hanging fruit (wrt petroleum) is pretty much been picked over except 
for Russia and the Middle East. This, plus growing demand from China, India 
and other emerging economies doesn't bode well for future energy prices.
 
In the US lower taxes mitigates this somewhat as compared to Europe and 
Canada but the real hope for reduced prices in the near term is a 
significant reduction in demand. In my two recent long distance road trips 
it is real apparent that there is a major reduction in people driving RV's, 
large SUV's and massive trucks. Both times I left the V8 road car at home 
and my Honda Civic rewarded me with highway mileage in excess of 48 MGIG.
 
 
Greg Lorenzo
Calgary, Canada 
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