Could An Oil Revolution Happen Here? Part 2
Soaring prices, a struggling economy, will an oil revolution happen here?
America’s weakness, and oil dependency, has affected oil exporters. The shock waves of our struggling economy, sparked by the ongoing global financial crisis, have had a ripple effect, including the collapse of the Arab regimes. With, the continuing crisis in Libya, we can expect a steady climb, in the price of gas at the pump. The more everything costs, the greater the chance of an oil revolution.
We all know that cars, ships and planes, and a large proportion of the trains in the world, are powered by gasoline or diesel fuel. Today’s, modern way of life depends entirely on these modes of transportation. Therefore, our dependency on oil will remain. History has taught us, that fear triggers revolution. Read the rest of this entry »