An ominous warning that the rapid rise in oil prices has only just begun

“The price of everything from food to energy would see significant price rises. Household electricity and gas bills are particularly vulnerable. Power companies have begun warning of a second round of major tariff increases for household bills this year that they say they will need to push through just to break even.” Wow. I guess they’re also going to have to reduce the salaries of the top executives just to break even. Seriously though, this is crucial stuff. Your petrol prices are about to skyrocket. Now is a good time to ask your boss for a raise.