Right now we are predicting soaring energy prices. Expect to pay more. Folks, we hit peak oil in 2005 and now we are seeing gas prices rise. This is to be expected, but what is the reason. First off, we are not finding more oil to replace what we use. Second we face more demand from emerging economies. This means more demand and less supply which equals our gas price wave.
Sunday, May 08, 2011
gas price wave
Right now we are predicting soaring energy prices. Expect to pay more. Folks, we hit peak oil in 2005 and now we are seeing gas prices rise. This is to be expected, but what is the reason. First off, we are not finding more oil to replace what we use. Second we face more demand from emerging economies. This means more demand and less supply which equals our gas price wave.
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