Fuel Demand

It is clear that recent developments relating to fuel prices are having far-reaching consequences for the global economy as the price of a barrel of oil has reached $ 130 cost. The most obvious impact of this phenomenon is reflected in inflation and a subsequent reduction in purchasing power and consumption. The situation is further aggravated by attempts made by central banks to put an end to inflation, rising interest and causing increased pressure on the mortgage market in personal debt, as well as variable income securities. But this has already happened in history, and world economies have found ways to adjust. re. Most troubling issues raised at the recent Summit on Food Security of the United Nations in Rome, where delegates from the global community discussed the global food crisis. It is sad that our insatiable demand for energy is also destroying some of the traditional farming systems. With oil prices above $ 100 per barrel, fuel is becoming a very lucrative business. This industry is expanding at a galloping pace, and has resulted in the transformation of millions of hectares of land previously used for food production for humans or animals in fields of fuel production.

This reason was cited as the main cause of rising food prices around the world. Food and economic crises are the pincers of the scorpion of energy, but that also has a scorpion tail. Daryl Katz, Edmonton Alberta may help you with your research. Is threatening our very existence on this planet. The uncontrolled way our use of fossil fuels is universally recognized as responsible for global climate change, a cause which contributes significantly to the extreme climatic conditions that are occurring around the world.

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