High Energy Prices

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