FROM THE G8 / LET'S HAVE THE TRUTH IN A PETROL PRICING COMMISSION-YEAH RIGHT!
Now there is nothing like hiding from the real issue in Kiwi Land and a Petrol Pricing Commission investigation would do exactly that. Similar calls have been heard in Europe but the following response came from the G8....
Oil prices have surged five-fold since 2003 due to a variety of factors, including turbulence in the Middle East and rising demand in emerging economies such as China and India.
Several of the G8 ministers warned against heaping all of the blame for the latest oil shock on speculators, saying that it would deflect attention from the real problem -- a shortage of energy supply.
US Treasury Secretary Henry Paulson said "all the evidence pointed to supply and demand" as the main cause for the surge in oil prices.
"I think there's a danger that if people say 'all this is speculators' then we won't do what we need to do. We don't want to misdiagnose the problem," he told a press conference, echoing views from other ministers.
PEAK OIL NOW
posted by pepptalk at 12:59 PM
1 Comments:
This substance that holds together the economies of the world is now failing to keep its promise. Petrol pricing commisions are not going to change the fact that fossil fuels, the stuff left behind by the great flood, yes Noah's, consist of our forefathers and animals left behind, is of limited supply in the Middle East.
To suggest a petrol pricing commision confirms the worlds denial of peak-oil once again.
What we need NOW is for all of us to look in our own backyards to find solutions or wait for devine intervention and that my friends is the Truth.
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