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The following is a guest post by Mobile Guru.
Without a doubt 2010 filled us with more surprises than anyone could have imagined and with that in mind here are some of my predictions for 2011. One thing I am certain of is that it’s going to be a bumpy ride so let’s all be careful out there as we navigate the financial markets.
1. Oil will hit $125/barrel and we will be paying $4.00/gallon for gas by summer. The sad news is I don’t think anyone will doubt that gas this high is a possibility, if not a certainty. What I would really like to point out is the fact that we are no less dependent on foreign oil than we were two years ago when it reached $150. Was that not a wake up call? I guess not. This year electric hybrid producters like TSLA, will account for 2.4% of the cars sold. Does anyone really think that will have much impact on reducing our reliance on foreign oil?
2. Hybrids are still 3-5 years away from capturing 20% of the market share of cars sold annually. The bottom line is that until they can run 250 miles between charges, recharge in under 10 minutes, and compete in price with gas powered cars, hybrids will be slow to become mainstream. The battery technology is improving, but it needs another factor of 2-3X improvement to get there without the costs making them prohibitive.
3. Gold rose for the tenth year in a row with a stunning 30% increase. James Turk, an expert on the metals market, recently stated that
“the gold and silver shorts are losing control.”
He expects gold and silver to blast off higher again in 2011. QE debases the dollar forcing its dollar price even higher. … [visit site to read more]
