People in this country today were given the big news by our political leaders that there is a major energy crisis facing the country. I am sure the informed people in the country must be wondering whether to laugh or cry. This is certainly not news to the people because we know for a long time that this was going to come.
There were all the signs of a looming crisis. Despite these signs, we did very little to prepare ourselves to face the situation.
What we witness today in Sri Lanka is the cumulative affect of a range of unsound policies and practices spanning over a long period of time. The immediate cause of the unprecedented situation that we find today in Sri Lanka is the rapidly rising price of oil in the world market due to economic and political circumstances, namely the tension in the Middle East and the rapidly rising demand for oil. With the adoption of free market polices in almost all parts of the world following the collapse of the Soviet system in the late 1980s , the demand for oil began to rise due to increasing production and the consumption of commodities and services on a global scale.
Everybody knew that this trend was to continue with more and more pressure on world energy resources coupled with growing political tension in oil producing regions. This was to result in price escalation.
The rapidly rising price of oil we witness today therefore is not something unforeseen or unexpected. We do not know whether to laugh or cry when out political leaders tell the people that there is an energy crisis and people should do everythin to conserve energy. Will the people respond?
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People in this country today were given the big news by our political leaders that there is a major energy crisis facing the country. I am sure the informed people in the country must be wondering whether to laugh or cry. This is certainly not news to the people because we know for a long time that this was going to come.
