High Energy Prices
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Description:
The climbing price of oil combined with limited conversion capacity is causing a steady, and lasting increase in energy prices.
Enablers:
- High energy consumption in America and other parts of the world
- Natural Disasters destroy sourcing and production capabilities
- Limited capacity to convert and distribute energy
Inhibitors:
- Government safety stock of oil
- Economic deflation reduces demand
Paradigms:
Energy use decreases for the long term
Experts:
- Economists