The Big Squeeze

We see a new round of price increases for oil in the world market starting to heat up again. What is the cause for these continued increases? How far will prices reach? Is there really a crisis or are the OPEC countries just playing with us? Why is the President and his cabinet taking this with such apathy?

Let us look at how these continued increases will affect our economy and lifestyles. Everything that needs to be transported requires use of petroleum. Therefore, many of our daily necessities use petrochemical. Included are gasoline, heating oil,plastics,pharmaceuticals,toys, cleaning products, housewares, computers, food products, cosmetics etc. The list is long and gets longer when you realize how many products are bi-products of petroleum or how many products use petroleum in their production. So realistically,as the price of oil rises, we will see a rise
in the cost of all products that we require for our daily lives. Incrementally the price increase will be based on the percentage of petroleum utilized for each product category.

Couple the increases in oil with the growth in the economy,the growth and demand for goods and services in third world and developing countries such as China,Imore comfortable environment for the user, and provide the user with a qualitatively new information experience. The processes of mediation (delivering information through media) and remediation (refashioning and enhancing media) are overlapping now, as in the historical progression of media each new medium has something of the old thus even the latest technologies resemble to some extent the original medium (e.g. Dürer’s window and Microsoft Windows, a frame of a painting and a frame of a computer screen).
�rer’s window and Microsoft Windows, a frame of a painting and a frame of a computer screen).