Changes in U.S. Energy Prices
Changes in U.S. Energy Prices by Jerry DyessWhen we look at the U.S. energy prices of late, everything revolves around the demand issue. A prime example of this is the higher demand in oil, which makes gas prices soar. Even though we would have expected a steep decline, the demand in other countries has kept the prices high.Oil consumption worldwide increased by 28.6% between 1978 and 2004. It is only a small amount less than that, 25.8% of this year’s increase alone, that China is resp
