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The Logistics Technology Platform
We all know that crude oil is a finite natural resource, and as with any commodity, fuel prices increase and decrease according to demand. According to the U.S. Energy Information Administration (www.eia.gov), both the gradual improvement in the U.S. and world economies in 2010 and ongoing political unrest in the Middle East and North Africa, since early 2011 (the source of about one third of the world’s oil production), are contributing to the ongoing increases in crude oil and gasoline prices. Additionally, the latest findings from the International Energy Association (www.iea.org) show conventional oil supplies will plateau by 2020, resulting in a sharp and steady rise in prices as demand from both developed and developing countries grows.
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