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It's hard to escape the conclusion that America faces a new, and perhaps serious, energy crisis. Home heating costs have risen dramatically, the price of gasoline at the pump is rising rapidly, and the price of crude oil is on the increase. The rising cost of fuel will affect consumers of all goods, as the cost of bringing those goods to market will rise in concert with the rise in the cost of fuel.
At least for now, there does not appear to be any relief in sight, as demand for oil is expected to continue to grow. On March 11, the Paris-based International Energy Agency (IEA) announced its latest forecast for energy demand. The agency expects that global ...