Focusing on the role of energy in the global economy, this frequently quoted report notes that unstable and unsustainable energy prices have brought about many problems -- high inflation rates, world recession, and mountain debt burdens.
Focusing on the role of energy in the global economy, this frequently quoted report notes that unstable and unstainable energy prices have brough about many problems -- high inflation rates, world recession, and mountind debt burdens.
Kosmo analyzes government subsidies abd the prices of oil, electricity, coal, and natural gas in 32 countries around the world, finding that countires that don't subsidize prices use energy more efficiently than those that do. To cushion the world economy from future price shocks and promote a more stable energy future, Kosmo argues that steps need to be taken to raise energy prices to reflect true costs. Oil prices are now at a 13 year lows, and it is imperative that governments improve pricing policies during this temporary reprieve.