Crude Oil

All that was needed was a hint that the global economy might start improving in the near future that the crude oil prices jumped up like a high jump athlete. Just a hint, mind you. Imagine what will happen to the crude prices once the economy really starts performing. I can see oil touching and staying at $100 a barrel soon. And this spells doom for large economies like India which are struggling to keep the oil bill under check. With the elections over, the government has already implemented the first round of increase in fuel priced which is going to have a direct impact on inflation. Add to this the looming food shortage and we are looking at a dangerous cocktail.

So, I wonder, what are the things that can be done to keep the fuel prices under check. More gas finds? I doubt that will take us much into the future. Maybe the only solution is to invest seriously into alternate sources of energy.