Lately, the American consumer has been pleasantly surprised when they have gone to fill up their gas tank. While the price of gas was hovering near and above the $4 range, prices have dropped to the $2.40 area. While consumers are happily surprised by the decrease in the price of oil, they forget that they are still paying much more than they were a year ago and that this price cut may be short lived. One company has not lost sight of this fact. That company is Hybrid Technology.
The Las Vegas, Nevada based Hybrid Technologies was founded in 2000 and built on the idea that there are technologies out there that have not been utilized. Hybrid has made national news because of their Plug-In Electronic Vehicles. The utilization of these electronic vehicles provides the American consumer with options that are crucial in today’s marketplace.
Economists have stated that while the price of oil has gone down (and may go even lower); this is only a temporary fix. Some feel that the last chance to hold the line on oil prices was at OPEC’s emergency meeting. At this meeting, the oil cartel decided to cut 1.5 million barrels of oil per day. Experts in the field believe what was needed to truly sustain the decrease in oil was a cut of about 3 million barrels per day. In the long term, we may see a jump in oil in the near future and this may not be a leap we are prepared for.
Hybrid Technologies counters this devastating possibility by offering an array of electric vehicles and is guided by strong leadership that may lead them to the forefront of the alternative automobile industry. While the price of oil may be unpredictable, the stability and innovation of Hybrid is not and the company may be a predominate force in the near future.
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