Thursday, May 28, 2009

Oil price sustainability?

The watchdog knows that eventually we will run out of oil. Why? Well, fossil fuels (including oil) are used to power mass production (machines, factories, etc...) and play a major role in the mass distribution of goods and services (cars, trucks, roads, etc...). If you want to understand why the price of oil can go up and down or how it could fluctuate in the future........ Read the report from the IMF G-8 Energy Ministers. Here it is for your review:

http://www.imf.org/external/np/speeches/2009/052509.htm

Tell us what you think..............

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