All Posts Tagged With: "energy crisis"

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America Ill Prepared For High Energy Prices

Energy prices are continuing to increase as the global demand for fossil fuels increases and our limited refining capacity is regularly disrupted by hurricanes and flooding. A major part of America’s current predicament is that America has not taken energy conservation seriously and has not planned ahead well. For example, part of the problem with high gasoline prices in the US is the lack of refining capacity. It has been over 30 years since a new refinery facility has opened in America.

Alternative fuels will only give a partial answer to our use of energy and to high energy prices. Energy prices are rising fast all over the world and likely will keep on increasing due to strong demand, especially from Asia. Even with such a strong incentive to move towards alternative energy there are important uses for oil that are difficult if not impossible to substitute.

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14Jun2008 | taipan | 2 comments | Continued

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