According to recent statistics, U.S. motorists have responded to record-high prices at the pump by driving less. Any hope that this cutback will significantly restrain global oil prices is misplaced, however: fundamental factors of supply and demand in the world economy will keep oil costly for years to come. The hope that a cutback in driving by U.S. motorists will significantly restrain global oil prices is misplaced.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/why-oil-crisis-will-persist
[2] http://admin.indiaenvironmentportal.org.in/category/author/jeffrey-d-sachs
[3] http://admin.indiaenvironmentportal.org.in/category/journal/scientific-american
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/public-transport
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cars
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/china
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
