Oil price is increasing day by day. There is no sign of it coming down to less than $ 130 per barrel. At this rate expert believe that oil prices may go upto $ 200 by the end of next quarter.

This is going to have terrible effect on developing nations and thier economy. Why are this oil producing nation sittling silently and watching the price rise. It's becuase they are the major beneficiary of it. All these meetings and conern that they are going to increase the oil output is just farce and nothing serious. They want the price to rise so that they can earn more money.

What we need to do it find other alternative to oil. I don't see any other way around.