Originally Posted By: Imp4
Originally Posted By: zfasts03
DUMB MOVE! Once gas prices go back up and people are tired of paying big $$$ for gas with their clumsy SUV and pickups, people will be ready to go back to a car.
Um.....No.
What you are failing to acknowledge is that oil prices aren't going to go back to $100/bbl.
The fundamental change in the oil & gas industry is that fracking is now profitable in the mid $55/bbl and producer costs are coming down every day.
When producers can be profitable at low production costs, supply will flood the market and prices will fall.
There is so much supply that the US is now an O&G exporter.
Also acknowledge that WTI is currently at $68/bbl. I would be pleasantly surprised if prices trend appreciably higher over the next 12 months. (O&G worker here)
I'm sure you'll still be willing to back that statement up in another year, after prices have exceeded $100/bbl.. right?
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... having said that, I also agree that Ford is making a monumentally bad decision axing these three sedans. If they do, then they will be 100% losing my business in the future.