The numbers of auto owners and users have been soaring to appalling degrees nowadays which in turn accounts for the increasing global demand for energy. However greater demand usually commands greater price and that is the burden that consumers must bear.

According to the special energy report recently published by the Standard and Poor, a division of McGraw-Hill Companies which is one of the world providers of financial and investment report, research and evaluation, the burden of higher oil prices can be bearable but not pleasant especially on the part of the consumers who belong to the industries that calls for greater energy supply. On the other hand, higher prices can prompt the people to use less energy and spark up the drive of energy suppliers to look for a variety of oil substitutes hence, the expansion of energy sources and supply.

Ethanol, fossil fuel, nuclear energy, tar sands and coal gasification are just a few of the possible energy sources which are now in the process of further research and experiment. Fossil fuel and ethanol are now used by other countries as transport fuel although it only comprises a small share in the fuel market. In spite of the rising technological advancements and favorable public response, S & P asserts that alternative energy sources will still occupy a small part in the global energy market over the next 25 years. One of the reasons is the lack of connection and communication between private, public and government entities. However, if given the proper perspective, the emerging alternative energy sources will surely prove to be a great competitor in tomorrow’s transport fuel market.