Energy prices predicted to soar
Tuesday 16th February 2010
By Mike Jones
A significant spike in energy prices has been predicted by the Industry Taskforce for Peak Oil and Energy Security.
It believes there will be a sustained rise in the oil price to more than US $100 within five years.
The cost of developing new sources of oil is thought to be a factor.
Other energy costs are also set to increase as demand rises through global population growth - along with economic recovery following the recession.
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