
Are we really headed towards a world wide energy crisis? Or is it just a bunch of media hype? Understand the factors that make this crisis real and lasting, unless we do something about it.
The latest articles related to Oil Crisis

The opening years of the 21st century are marked by milestones in the world of oil: the war in Iraq, the Shell reserves downgrade, Hurricane Katrina, and the breaking of the once unthinkable $100 per barrel barrier. Many have seized on these events as evidence that we are crossing the threshold of ‘peak oil’. Behind us, a century and a half of abundant, cheap oil that fuelled industrial civilization and brought unparalleled prosperity to a fortunate global minority.

People around the world are very much aware of the aggravating problem on global warming and the drastic climate change. This is due to various greenhouse gases emissions from human activities and different developing countries that have large numbers of factories and companies like power plants. In the midst of the world's greatest phenomenal problem, oil crisis also exists. Demands of high oil price truly affect the society's financial stability.

Once upon a land, in a time not so long ago, the people of the world were desperately searching for alternatives to the power of choice that fueled their society. You see they were using a renewable fuel; the problem was that they were depleting it faster than it could be reproduced. Their reserves were in low supply, and the future was looking bleak. The people had hunted their fuel almost to extinction, and something had to be done.

High priced gasoline is not the PROBLEM. High priced gasoline is the SOLUTION! The PROBLEM is that we are burning up oil as fast as the world can pump it out of the ground. In the thirty five years since OPEC made it clear that we had a serious problem, we have done nothing to solve it. We should have created high priced gas and oil through add-on taxes over the last 35 years, and we would not have this problem today.