more at :AKU, July 3 (Reuters) - Europe's bill for Russian gas will rise by a quarter by the end of 2008 and will eventually double, the head of Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz) said on Thursday, repeating his view that the oil price will rise by another $100 a barrel.
Alexei Miller told reporters during a trip to Azerbaijan he expected prices to rise to $500 per 1,000 cubic metres from the current $400 by the end of 2008. If oil prices were to hit $250 per barrel, gas prices would hit $1,000, he said.
If he's right, we will pay about $2.00-2.50$ / L soon. (about $ 8 to $10 /gal). Russia will have a lot of cash.
Meaning I will start driving at 95 km/h on the highway ! :brick. And maybe starting to use my bike in the winter. Montreal already started to remove snow on cycle tracks.