In 2004, China's electricity grid was near the breaking point and was suffering random blackouts, so they began to start using diesel power generators. The additional fuel demand ( some 15% ) caught the world market unaware. Even though oil prices were already on the rise, the additional demand helped to speed it along.
The next 3 years would see a 300% increase in the cost of crude oil and this past summer we witnessed a bitter taste for the increase in cost for a gallon of gas.
It's sounds funny to say it but, when gas dropped even a nickel per gallon, it seemed to create a sense of relief - never mind that fact that it was / is still very expensive to fill up your tank.
The world simply has to find a less expensive resource for fuel, and alternative energy is the way to go. We must find and improve upon renewable energy resources and, we have to do it now. OPEC has a tight grip on crude oil and you can bet that they will not give up that control without a fight!
Crude oil has hit a new high at over $91 a barrel and who knows how much higher it could rise. I am tired of the ever increasing cost of a gallon of gas but, I can only do so much by myself; everyone has to get involved and right away, not tomorrow, not next week or next month, right now.
It is very unlikely that any one source for alternative fuel ( at this point ) will be able to replace our thirst for fossil fuel, it will take several different types of renewable energy sources. Electric cars, hydrogen fuel cells, propane, ethanol, solar powered, geothermal power to make electricity and other resources will have to be integrated into our daily lives.
Sunday, October 28, 2007
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