Freitag, 4. Juli 2008

Treehugger: "Mass Exodus" From Cars in US

We previously reported on Jeff Rubin of CIBC World Market's prediction of gas costing $7 to $10 per gallon in four years; Now Rubin makes his prediction of its impact. Over the next four years, we are likely to witness the greatest mass exodus of vehicles off America’s highways in history. By 2012, there should be some 10 million fewer vehicles on American roadways than there are today—a decline that dwarfs all previous adjustments including those during the two OPEC oil shocks.

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