Middle class cannot afford to pay high price for petrol.

Lately there have been signs of a better US and European economy, the stocks are rising and one sign of this is the latest change in light sweet crude oil prices.

In the years to come, essential raw materials from crude oil and arable farmland to clean air and fresh water will be in short supply. Wealth among nations will be more accurately measured by access to natural resources and raw materials than by the value of goods produced and services available. Based on shortages of essential raw materials, sustained prosperity of some nations is only achievable through deliberately depriving other nations of theirs. Animosity between nations will trigger debilitating resource skirmishes around the world, which no nation will win. Willingness by the United States to assume a leadership role in solving an imminent global crisis by assessing the impact of dwindling natural resources, analyzing alternatives from natural resource conservation to increased use of renewable resources and reliance on green technologies, and then executing a national energy policy defined from a truly global perspective is urgently needed. The stakes have never been higher.

The demise of the economically stagnant, politically redundant Soviet Union brought major and fundamental economic changes within its unpredicted wake. The end of the Soviet Union came in December 1991 following on from the collapse of communism in Central and Eastern Europe as well as the end of the Cold War era.

The government of Russia can under circumstances decide to interfere, or indeed completely stop its national exports of crude oil, petroleum, and natural gas to any other country or trading block including the EU and its member states.

The problems arising from crude production in Nigeria.

Politics seems to play a very important part in the modernization of America and the rest of the world. No matter how we look at our civilization as human beings, we still rely on the political régime to maintain peace and provide the necessary things to maintain a well-balanced life.

Why oil prices are such in India.