04-24-2008, 07:59 PM
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#18
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180diablo is currently offline
Status: Platinum Contributor
Join Date: Jul 2007
Location: Toronto, Canada
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My Year: 1993
My Model: 1993 Diablo 180
My Engine: 3.0L Mercruiser AlphaI
Thanks: 1
Thanked 4 Times in 4 Posts
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Here goes another gas update ...
http://www.680news.com/news/local/ar...24_113916_9756
Thursday, April 24, 2008 - 11:39 AM
By: Charlene Close
Toronto - High gas prices are here to stay, according to a new energy report from CIBC World Markets. The report said Canadians should brace for $1.40 a litre for gas this summer and over $2.25 by 2012.
CIBC World Markets chief economist, Jeff Rubin, expects hardly any increases in the world oil supply, at a little over one-million barrels in the next five years. He said combine that with the millions of people in the developing world having access to cheap cars, consumers here could end up paying top dollar to fill up.
"By 2012, there will probably be more oil consumed in what we used to call the developing world, than in the developed world," Rubin said.
He also said that sky-rocketing gas prices will ultimately force people off the road. "Oil and more specifically gasoline is going to become scarcer and scarcer, and more expensive," Rubin said.
ick ... looks like I will eventually be taking my bike (pedal) to work and not using the truck as much. But.... I would keep the Diablo! 
__________________
~ Ryan
Sparrow Lake - Trent Severn Waterway boater
Owner of the 3.0L Powerhouse!
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