Oil Oil Oil

Oil and fuel prices continue to rise
GLOBAL TRENDSBy MARTIN KHOR
The prices of oil and some food moved to new record levels last week, which is bad news for consumers and producers alike. There is a dispute as to the causes and solutions.
THERE is so far no limit to the rise in food and oil prices, a situation that is leading many consumers and producers to a point of where they are carrying an unbearable burden.
Last week saw more bad news on the price front. The prices of soya bean, corn and some meat jumped further to all-time high levels. The oil price had slipped earlier in the week but on Friday it rebounded by US$4 a barrel to its record US$140 a barrel.

The alternate solution is India should think of hydro energy from water, biowaste energy from food items.