Dec. 13, 2005 12:00 AM
Oil prices are projected to remain well above $50 a barrel for years to come, resulting in a greater shift to more fuel efficient cars and alternative energy sources, according to an analysis released Monday by the Energy Department.
The analysis reflected a sharp change from the department's projections a year ago when it predicted oil prices in constant dollars, not counting normal inflation, would decline to $31 a barrel by 2025.
The report by the department's Energy Information Administration now
projects oil will cost an average $54 a barrel in 2025 and $57 a barrel
in 2030 before inflation. Crude oil prices have been hovering around
$60 a barrel, briefly soaring as high as $70 earlier this year.
- Associated Press
Comment:
How long will the citizens of this planet take the shit that is being handed to them. The push for free energy must be validated by the ever plumeting state of our environment, not to mention the vast amount of people that suffer under the rule of the almighty dollar. The WORLD deserves to live free! If we continue to pollute by burning fossel fuels we wont have a place for our children to grow up in. And it is even more of a slap in the face when we realize that we could have already had free energy a LONG time ago.
Elusis
