ZPEnergy.com - Energy 2008: The Coming Economic Meltdown

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/


Create an account	Home · Topics · Downloads · Your Account · Submit News · Top 10


All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest © 2002-2016 by ZPEnergy. Disclaimer: No content, on or affiliated with ZPEnergy should be construed as or relied upon as investment advice. While every effort is made to ensure that the information contained on ZPEnergy is correct, the operators of ZPEnergy make no warranties as to its accuracy. In all respects visitors should seek independent verification and investment advice. Keywords: ZPE, ZPF, Zero Point Energy, Zero Point Fluctuations, ZPEnergy, New Energy Technology, Small Scale Implementation, Energy Storage Technology, Space-Energy, Space Energy, Natural Potential, Investors, Investing, Vacuum Energy, Electromagnetic, Over Unity, Overunity, Over-Unity, Free Energy, Free-Energy, Ether, Aether, Cold Fusion, Cold-Fusion, Fuel Cell, Quantum Mechanics, Van der Waals, Casimir, Advanced Physics, Vibrations, Advanced Energy Conversion, Rotational Magnetics, Vortex Mechanics, Rotational Electromagnetics, Earth Electromagnetics, Gyroscopes, Gyroscopic Effects PHP-Nuke Copyright © 2005 by Francisco Burzi. This is free software, and you may redistribute it under the GPL. PHP-Nuke comes with absolutely no warranty, for details, see the license.