
Originally Posted by
racefactory
I'm betting a hell of a lot sooner!! More like 4 years to $5/litre if global population and economic growth continues without too much of a hitch.
To be honest that all depends on what happens in USA, China and India.
If USA collapses, the price will stay still for a long time.
If China slows production, the price will stay still until they move again.
If Tata go full blown production, and everyone in India buys a car, petrol will go cheaper. If no one in India or China can buy a car, but everyone in the US can - price will go up. So pretty messy.
OPEC aren't stupid enough to shoot themselves in the face. They know the only way they can make money is in the long run. If we hit another GFC - they will need to keep the price low just so people can afford it.
Otherwise people will simply just walk. $3 in a GFC is like $5 when things are looking good.
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