Unfortunately fuel prices will continue to rise and rise and rise.
Within the next few years (10 at most) the price will be out of reach for all but the wealthiest and elite classes around the globe.
We have already passed a significant milestone in the post 'gold standard' petro-economy. That point is known by economists as 'Peak Oil'.
Essentially when that point was reached, the world entered an era where the demand for and production of oil exceeded the volumes of newly discovered reserves.
Over time this problem will be compounded due to emerging market countries insatiable demand for energy.
It took 200 million years for the sun to convert carbon to plant and animal waste and subsequently to oil. It has taken just over 100 years for cars etc to reach the 'Peak Oil' point with a relatively gentle upward demand slope and a steep new reserves curve.
Looking at the numbers now, 10 years is actually optimistic regarding the affordability of the remaining reserves.
As we are probably as greedy as our parents and grandparents, I don't hold out much hope for an alternative scenario to emerge.
Google 'Peak Oil' for more information.
Comments welcomed and encouraged.
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