6. Marketing Environment What happened last 12 months What expect next 12 months Impact on Product S ocial/Cultural/Demographic -Environmental Awareness -Change in mode of transportation -Continued environmental awareness -Continued use of alternative transportation -Positive -Consumers are less inclined to purchase large vehicles T echnological -Hybrid technology and fuel efficiency are improving -Continued improvement -EV Cars -Positive -Fiat cars are ahead of the curve
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8. Oil Prices Alexi Miller, GazProm Chairman, on $250 oil: "This forecast has not become reality yet, given that the [credit] crisis gained momentum and exerted a powerful impact on the global energy market. But does this mean that our forecast was unrealistic? Not at all."