RE:RE:$10 Oil Soon?50centdollars... US and Canadian oil projects have already been going bankrupt with high debt with alot of lenders holding the bag of their assests. Most of these lenders are not experienced in exploring and drilling for oil so they would typically sell these companies / assests off to larger companies who would mothball these projects if they not economical because larger E & P companies have tons of well and don't neccesairly need to drill more to stay afloat verses a smaller E & P company that does.
Regarding vechiles on track to becoming more fuel effiecient , I do agree with you one day more than 80% of the cars on this planet will become electric or hybrids once building them becomes more economical and they are produced in larger mass quantities. By the time that day comes though I think we all on these BB will be dead either of natural or unnatural causes.