our future as a country depends much more on our ability to plan ahead for the next oil shock and the post-oil world.
Writing in the Daily Mail this morning,Vince Cable is predicting that a future oil shock could be just around the corner.
Motorists will have noticed that we are back up to £1-a-litre for unleaded petrol at many garages.
We may have not yet reached the heady heights of last summer, but the trend is unmistakable.
Even in a recession, there is the danger of inflation for some essential products such as petrol.
The reason he says is that whilst the West is in recession demand for oil continues to rise in both India and China
No comments:
Post a Comment