Of course, this price increase isn't only due to decreasing oil supplies, but the fact remains that oil is a non-reusable resource.
Oil seems like more and more of a precious commodity these days. Fossil fuels are depleting and gas prices are rising.
Oil fuels our travel - from cars to airplanes to ships. Considering the prevalence of these first two forms of transportation, you may be surprised to know that almost 40% of the world's fuel oil is consumed by ships.
Read more at http://www.omg-facts.com/page/2#CEyEGKh57WlH5B0a.99
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