Global economic growth particularly in China and India has pushed demand for energy dramatically upward. There is an overwhelming lack of investment and production levels have hardly increased over several years in the world.Since 2005, world oil production has stalled at about 85 million barrels per day.
Here In Japan although I dont have a private car but I see the prices of Gasoline everyday.
In Osaka, regular gasoline jumped about 20 yen per liter at most stations in beginning of June, costing about 170 yen and the high octan Gasonine is about 180. In the beginning of May it increased by about 30 yen per liter. I think it is very strange for the people who use car in their daily life.
If this increasing limited just to these Energy related Items may be able to tolerate but it has a lot of turbulences in other fields. Rocketing energy cost may lead to agricultural problems and it make danger for all of th people in the world.
Energy saving and efficiency is one of the quickest, greenest, and most cost-effective way to address energy security, climate change, and ensuring economic growth but I think it is not enough. we should think about new energies seriously and invest a lot of money for serious research in these fields.
Let read next post, I will discuss more about it.
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