Most car buyers have no idea that electric cars are on sale at all, Voelcker writes, so it's too early to declare the electric car a failure.
Oil stocks are climbing globally, which is sending oil and gasoline prices lower. One factor behind rise in oil stocks: a resurgent Iraq.
The oil industry is no more to blame for the price of gas than Kay Jewelers is to blame for the high price of gold. Any tax changes should be done as part of broader corporate tax reform, which will apply universally, and not just reflect a wave of political antagonism.
Oil futures drop below $98 a barrel. Gasoline futures decline even more. Oil futures now down 15 percent this month.
Commodities like oil, gold, and copper all fell this week. Silver led the plunge in commodities with a 28 percent decline.
Oil prices drop in Europe and US in wake of concerns Japanese demand will drop. West Texas oil prices hover around $100.