Age old formulas for our many woes

Solving the energy crisis

There will be greater increases in the demand for crude oil up to the year 2013 and beyond. The sharp rise in demand during the past few years drove the prices of crude oil to soaring highs. By almost the same time last year, prices of crude had increased already fifteen times. Due to the skyrocketing prices, demand slowed but there is no reining in the inevitable growth of the demand for fuel oil. Hence, the predicted 3.7 percent rise in consumption whether we like it or not, will put pressure upon the oil supplier countries and they will again raise their prices. It will be a never-ending evil cycle. And no one will have the power to stop it. Department of Energy (DOE) will look like shit in the face of it. Read more of this post here…