The slippery slope of increasing oil prices.

[Rolo]

Originally posted by Inabon@Apr 6 2005, 04:52 PM
Wrong oil the world is not doing better. Oils is going up because there is lack of production. laws of demand and offer.

Crude oil inventories are already at the highest level in three years - the thing that are getting the price up is the lack of *global* refining capacity - not the lack of oil.

Inflation have so far been manageable, so there is no need to panic - yet

I agree that there need to be alternative energy - not because I do not like big oil corps, but because it has the potential to create millions of jobs in the western world. However energy conservation would have quicker results, than new alternative energy...