tidal today

$100 a barrel surely this is the tipping point for people to look at alternative sources, but of course such a controversial topic as to how we should to power the world is never going to be plain sailing. So why now?

Looking back to December 1998 when a barrel would set you back $10 or less and yet the price is now rocketing at unprecedented rates. One oblivious reason for the raise is demand but actually demand in USA has declined.

The soaring prices of oil has caused hysteria amongst the financial world with oil prices now being monitored more closely then ever before with every change being scrutinized and reported as everyone is looking for answers and wants to protect not only their investment but the growth of industry and subsequent economies.

It has been alluded that this speculative nature is increasing the volatile nature of the market. With the decline of the dollar it brings to question if the economy can continue to handle such prices but if peak oil is to be believed and allegedly we have already peaked back in august 2006 then maybe the prices being experienced now are reflecting its scare nature. If this last point is the case then renewable energy clearly has the upper hand and can certainly compete, maybe this is the time to divert the publics attention to what the actual cost of oil represents compared to renewable sources.