Hard to imagine the world won't go hard on nuclear with the number of people reminded daily of the pain from expensive oil. Of course it is not the solution but it is a big part of it!
--------------------------------------------------------------- World angst over rising oil prices But economic wheels keep turning Motorists wait at a gas station in Kuala Lumpur, Malaysia, on May 4. Rising oil prices has bred frustration from all kinds of people around the world. Andy Wong / AP
EYE ON ENERGY • Gas prices jump to record, could go higher • Oil 'peak' not seen coming any time soon • Can Saudi Arabia keep its oil promises? • OPEC members pledge to pump more oil • Have higher gas prices changed your habits?
Updated: 3:53 p.m. ET July 12, 2005 Pricey oil this year has left Thais in the dark. It's also drawn German drivers to Polish gas pumps, kept cars parked in the United States and fishing boats moored in New Zealand.
Japanese government officials have been told to forgo neckties to help cut the use of air conditioners, while Chinese bars and karaoke parlors have been ordered to simply shut the air conditioners off.
Oil prices near $60 a barrel have bred frustration shared by presidents and peasants, companies and commuters. Consumers are grumbling at U.S. gas pumps, on the German autobahn and in the teeming streets of India's major cities.
"I have no option but to sell my motor bike," said businessman Rahul Mehta in the Indian city of Hyderabad, after oil crossed the $60 mark for the first time last month.
Still, there is less desperation overall than during the Arab oil embargo of 1973. When Middle East oil producers cut off the United States and other countries supporting Israel, gas prices doubled within days. Gas rationing resulted in hoarding and western economies accustomed to cheap oil sputtered into reverse.
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