The First Signs of

Consumers the world over are beginning to protest at the huge gasoline prices they are paying at the pump. But whilst the world goes crazy over the oil prices, there are worrying signs about what is happening in the gas market that could also spell disaster.

But it


In the UK, truckers converged on London to ask for a reduction in fuel duty, whilst Prime Minster Gordon Brown held urgent talks with the oil industry. Over in America, the oil price was said to have forced many trucking companies to the verge of bankruptcy.

But as oil continues to hover just under record levels, there are daily warnings that the days of cheap oil have gone forever and the price of oil may soon be $150 or even $200 a barrel by next year.

There is also a daily debate as to what is actually causing these unprecedented prices. An increasing number of influential voices are saying it has nothing to do with the actual supply of oil but it is down to speculators exploiting the volatile market.

RINF.com