Friday, June 27, 2008

Bikes & Carts & Oil




Pulling the bike cart through the neighbourhood, I attracted many looks and questions from people who were interested in the cart and wondering where they can get one. I'm studying the straightforward design of the cart's frame. I definitely want the Urban Farm Cart to have an optional bike attachment. As the price of gas continues to soar, this is an even more critical feature.

A new report released today by CIBC World Markets (CIBC is one of Canada's largest banks) predicts that by 2012 "there will be 10 million fewer vehicles in the United States than there are today. Average miles driven will fall by as much as 15%." CIBC economist Jeff Rubin "raised his target price for oil by US$20 per barrel to US$150 next year. He says oil will top US$200 per barrel by 2010, roughly two years earlier than he previously predicted. That will mean US$7-a-gallon gasoline for motorists within two years, he says." http://www.nationalpost.com/related/topics/story.html?id=616130

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