Saturday, September 24, 2005

Perhaps Greed Can Be Good
Oil company price gouging

The price of gas might bring about one of my fondest desires--the demise of stupidly large gas-guzzlers by people who have absolutely no use for them. At least one car industry analyst sees it coming.


"The (large) SUV segment, I predict, will be 25 percent of what it once was in the next 24 months," said Peter DeLorenzo, publisher of the closely watched industry Web site autoextremist.com (http://www.autoextremist.com).
"People are going to abandon (large) SUVs in droves," he added. "We are a faddish nation, from hula hoops to pet rocks and absolutely (large) SUVs were fad and fashion."


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