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    High Energy Prices And Its Economic Implications

    You will be completely surprised when you compare energy prices from different nations because some have relatively low prices while others charged their consumers with unbelievably high rates. High energy costs happen when there‚Äôs a great movement or increase in the price of oil in the world market due to high and growing demand but with limited supplies. Moreover, if there is a power crisis and their government failed to find alternative sources, at least for a short period of time, it could contribute to worsening the problem. It was noted that the first casualty of high electricity costs are the households. But there are also broader implications of high…