Fuel and Other Energy Prices Will Soar Again

If you think you've seen the last of high gasoline prices, you are due a reality check. Gasoline and diesel fuel are made from a scarce commodity called crude oil that only a few countries have an abundance of, and the truth is, even they are starting to see a decline in production. Places like Saudi Arabia and Russia have the largest reserves, along with Iraq, Iran, and a few African nations.

These reserves are like a huge sword held above the necks of the rich industrialized nations like the U.S. and western Europe and, let`s face it, those countries don`t constitute a list of friends to the industrialized world. Russia has been an arch enemy for a century, but they need our money badly so they will continue to sell crude to the west for the foreseeable future. The Muslim countries, on the other hand, could cut off supplies at any time and still have vast financial resources to hold them over. These unfriendly nations, most notably Saudi Arabia, hate us with a burning religeous passion, but fear our military might, so they pretend to be friends, while biding their time and waiting for just the right moment to shut off the pump.

There is an abundance of coal, especially in the U.S., but it is an extremely dirty fuel and the technology to turn it into fuel that will run our cars and trucks does not yet exist, so, for the meantime, it will continue to be used to run our power plants, and those plants will continue to pump millions of tons of greenhouse gases into the atmosphere yearly, which is the #1 cause of global warming. Emerging industrialization in India and China has led to rampant use of fossil fuels to power their growing economies, with no constraints put on the amount of pollution released to the air, thus, scenes such as the constant brown pall over Beijing, brought to the attention of the world by western news people during the recent Olympic Games. This pollution effects the entire world, as wind currents carry it to every part of the planet, and is being breathed in by all six-and-a-half billion of us, while trapping the sun`s heat and causing global warming.

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