Time's up for petrol cars, says GM
THE world's biggest car maker believes global oil supply has peaked and a switch to electric cars is inevitable.
With the diminishing supply of crude oil,and millions more cars to be sold in Russia,China+India the price of petrol is going to increase sharply.
Will the development of electric cars see technology transfer to boat engines?
While the price of oil has soared against the dollar it has remained stable to the price of gold.
For the last 50 years 3 grams of gold would buy a barrel of oil.
Finance sources say that the rise in gold has just began
Lets hope they are wrong.
Regards
seabug