Transportation – Inter-Concept Competition Coming?
US gasoline prices have retreated from early May highs (see above), but are likely to move with underlying crude as the next spike unfolds. Meanwhile, auto, truck, and engine manufacturers rush to develop battery and natural gas-based transport options, as the US oil/gas ratio continues well over 20x (versus historical 7-8x). It’s gonna take time, but the ‘return to base’ decision gets easier with every oil/gasoline spike. Thanks to the reader who forwarded this link (http://www.y utube.com/watch?feature=player_embedded&v=j0sCCJFkEbE