CIBC World Markets the investment arm of Canadaâ€™s CIBC banking system, issued the alert today that the price of a litre of gas will soon be shocking our systems. The mad rush to automobiles world wide, with Russia, India and China only now jumping onto the mass production treadmill, means that an already depleting resource of the world is going to get used up even quicker.
So in the fine capitalist style of supply and demand, the price according to CIBC should be hitting 1.50 a litre in short order, making todayâ€™s 1.08 levels positively nostalgic by the summer.
While North Americanâ€™s ponder what to do with their SUVâ€™s and other soon to be dinosaurs of the roads, cast an eye over to India, where today they introduced the Nano Tata, a 3 metre long compact, that sits four (five if you all squeeze) and gets 50 kilometres a litre and if you really push it will reach 65 km/h…
( from the blog a town called podunk, click on the link below to see the entire article atowncalledpodunk.blogspot.com/2 … 3836 ) –