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Interviewer: "What accounts for your success, Mr. Getty?"

J. Paul Getty: "Some people find oil, some don't."

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SENEGAL: As fuel prices soar, oil lamps becoming a luxury product (pdf 44K)

Surging petrol prices in Africa usually weigh most heavily on the emerging urban middle class, making it a struggle to put fuel in cars or motorbikes every day and to pay home electricity bills.

In Senegal, the energy shock is starting to filter down to the most isolated rural areas, where, far from electricity grids and roads, illiterate parents hoping their children will have a better life through education are worrying about how to put fuel in oil lamps so their children can do their homework.

read entire article

More on this topic (What's this?)
Gold climbs to $1250, Oil at $200 (Investment U, 5/26/09)
Three Big Reasons Oil Prices Will Rally Back Big Time (Money Morning, 5/23/09)
2009 Crude Oil Forecast (Energy and Capital, 6/15/09)
Read more on Oil Prices, Luxury Consumption at Wikinvest

This entry was posted on Tuesday, October 23rd, 2007 at 10:28 am and is filed under Poverty and Oil (demand destruction). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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