MONEY MATTERS

The prices of all commodities are rising at an alarming rate. Does this mean that the world is running out of all these raw materials? First there was this rise in the price of oil followed by wood and then gas. As discoveries of these raw materials are made the production rate increases but as the production declines as reserves run dry the prices reach the peak.
There is a serious growing concern that the water is running dry on the planet, we are using more water than is available in the places where we live. People living in the wet region will not experience water crisis but people living in the U.S., Africa, southern Europe, India, Middle East and China are already under the spell of water crisis.
Global output of gold has fallen steadily since 2000, so it is not a surprise to find the price of gold at the peak. Children are taught in school to conserve energy, world supply of oil and gas is eventually running out and some critics saying that we have already reached the peak. Deforestation to provide farmland and firewood has lead to non-availability of wood, a prime source of energy. Although coal production keeps rising, the total energy obtained may peak sooner.

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