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Energy 2008: The Coming Economic Meltdown
Posted on Wednesday, April 16, 2008 @ 21:57:35 UTC by vlad

General by William Weronko / Intellectual Conservative

The energy policy of the United States seems designed to purposely and artificially raise prices to the consumer by throttling supply.

Gasoline and Diesel prices are spiking upwards again, breaking records. Gasoline prices at the pump are predicted to be over $4 a gallon by summer. Propane prices are at an all-time high at $2.58 a gallon, 31% higher than last year or 260% higher than it was during the year 2000. Residential Heating Oil prices are pushing $3.46 a gallon, $0.98 a gallon more than this time last year. Natural gas was $9.71 for a thousand cubic feet in January 2004 compared with $12.38 January 2008. Crude oil per barrel prices are over $100 a barrel. Electrical rates in the state of Illinois have risen from 30 – 55% since 2007. The Wall Street Journal reports more and more people cannot find the money to pay for their heating bills. In a recent American Online poll, 46% Americans stated they no longer could afford to fill up their automotive gasoline tanks.


Adding an additional burden to the consumer is the soaring price of food staples, which have risen about 75% since 2005. These worldwide increases are a direct reflection of energy prices and the fact that energy is now directly competing with food through bio-fuels. There are numerous reports of food riots in the lesser developed countries (LDC) due to these increases of prices.

The question is: what is the underlying cause of a rapidly rising energy prices? As is any complex phenomenon, the roots of the rapid rise are multifaceted. There is an increasing demand for energy as economies like China and India rapidly industrialize. There are supply related issues from the major producers, restraining or at their limits of production capacity. But first and foremost for the American consumer is United States government policies that result in increasingly higher energy and food prices. The government’s actions and inactions are key to why the American consumer faces stifling and mounting energy costs...

More: http://www.intellectualconservative.com/

 
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"Energy 2008: The Coming Economic Meltdown" | Login/Create an Account | 1 comment | Search Discussion
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How an Economic Meltdown Might be Avoided (Score: 1)
by Overtone on Thursday, April 17, 2008 @ 02:23:24 UTC
(User Info | Send a Message) http://www.magneticpowerinc.com
Lower Prices at the Pump by Creating Future Electric Cars and Trucks
A previously uncommercialized, renewable, abundant, cost-effective, source of energy, based on new magnetic conversion systems, will emerge in the near future. In mass production, it can make batteries, ultracapacitors and fuel-cells technologically obsolete (or marginal). Future cars and vehicles, of every conceivable variety, are likely to feature all-electric propulsion. Once that fact becomes apparent, fuel prices can be expected to rapidly decline. New coal burning and nuclear power plants will not be needed, as parked cars, trucks and buses can sell power to the grid.

"2009 - The first quantum generators (tapping space energy) are developed. Available in portable and household units, from a few kilowatts upwards, they can produce electricity indefinitely. Central power stations close down: the age of pylons ends."    A prediction made by the late Sir Arthur Clarke in 2001.

For the full article, see:

http://www.renewableenergyworld.com/rea/partner/story?id=52194




 

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