Page added on August 8, 2009
Over the next several years food prices will increase sharply. These coming price increases are as unavoidable and inevitable as an increase in the price of oil.
In fact the price we pay for food is interestingly and inextricably linked to the oil price, and this article will not only show how the two have become inseparably intertwined but how they cannot do anything other than escalate.
The oil remaining in the Earth will be more difficult and thus more expensive to extract, coincidentally occurring at a time when annual global demand for crude oil is expected to increase by up to 9 percent, as the twin bursts of industrial growth shown by both China and India proportionally increase the demand for energy.
The inevitable result of irrevocably declining production and ever-increasing demand will be inevitably higher oil prices.
Most indications are that PeakOil will occur sometime in the next three to five years, other indications are that it might have already occurred.
Leave a Reply