Quote:
Originally posted by Jools
Or vote for whoever you like...no government of whatever colour is going to make a scrap of difference to the price of fuel.
Long term, the sad fact is that they ain't making oil any more so the world has just got to get used to eeking out it's dwindling supplies. Especially with China and India's economies stoking up the demand there's a big race on to get first dibs on existing and new reserves with Chinese companies outbidding the likes of Shell and Exxon for some of the Khazakstan fields.
Of course ultimately the world's only superpower and it's gas guzzling habits means that it also has to carry the biggest stick to make sure it gets more than it's fair share |
Indeed. Vote for whoever you like, but it won't change. The global oil market is dominated by the US, who will do whatever it takes to protect their oil supplies. Instability in the middle east and ever increasing demand from China/India, coupled with a lack of refining capacity means lower oil prices are improbable to say the least.
To my mind, we (as the Western developed world) only have ourselves to blame for allowing ourselves to become so totally dependant on a natural resource with limited stocks, located predominantly in unstable areas of the world. It really is about time alternative fuels were developed.