Investors Increase Bets For $250 A Barrel Oil
Investors are making increased bets on $250 barrels of oil following continued disruption in the Middle East. Oil Futures are already up 18 percent from a year ago. After the revolution in the North African country of Tunisia spread into Jordan, Syria, Yemen and Egypt many analysts are predicting increased disruption to the flow of oil, resulting in a sharp upward trend in oil prices.
As has been seen in the past few years, many are predicting an upsurge in hybrid and electric car purchases as was seen during the last oil price hike. It appears increasingly certain that the age of cheap gas is behind us, making fuel efficient hybrid and electric vehicles a more and more alluring option for new car buyers.