The world is too dependent on oil. The high oil price is good in
the long run as it will prompt everyone to look into alternative
fuel.
Oil is not renewable resource and it will run out one day
the oil prices is high because ppl dont have much
alternative to swtich from currently.
when there is a more alternative, prices of oil will come down
and consumption will go up again.
it just that the world are developing and growing too fast. our
need/thirst for energy is never ending and at this moment seem
infinite.