How to Deal with High Oil Prices?

How to deal with High Oil prices?

Suggestions are:

We have to work on two things. 1. Decreasing Demand and 2. Increasing the supply of Oil and gasses as well as alternative fuels like Ethanol, Biofuel etc.

1. Decreasing Demand:- For this.

I. Create proper public transportation system like metro, luxury buses (E-buses or Eco-friendly). Proper connectivity (by roads and public transport) between workplace and home decreases the distance between them and thus reduces the consumption of fuel.

Ii. Develop waterways. We have the potential of 14000 KM waterways. It will decrease the load on roads and also benefit the environment. Maybe dangerous for river ecosystem.

Iii. Develop such engines which run more efficiently with minimum fuel consumption.

Iv. Electric and Hybrid vehicles need to be promoted. For this, we need to create necessary infrastructure first.

We. Public Awareness campaigns should be run like during red light one should stop the engine, for short distance one should use a bicycle or take lift or use public transport etc.

Vi. Railway network must be increased. As it is cheaper for long distance and has been getting electrified by the government so raw material or final products or any other things can be transported through Railways instead of Roads. This will reduce the demand of diesel. (60 % of electricity is generated from Coal and this is the only fuel mineral we have in abundance. Thus, Electrified Railway can be a good option).

2. Increasing Supply.

I. We have the potential of shale gas and shale oil (perhaps highest in the world) production but due to technological and capital issues, this option has not been utilized. We should invest in these fields to increase our domestic production. Bringing of HELP policy and recently allowing non-traditional hydrocarbon E&E are the welcome steps.

Ii. We should acquire some blocks in Oil and Gas abundant countries like Russia, Iran and Mozambique so that we ourselves can produce oil and gas and supply to our country.

Iii. Since fossil fuel is non-renewable, in future its production will decrease and again prices can hike so we should (if possible) do such agreements with oil producing countries to supply oil on fixed pre-determined prices.

Iv. We need to generate more and cleaner energy whether it is electricity or biofuel to replace fossil fuel.

We. A lot of are & D investment is required in this sector. For this, cess can be imposed on fossil fuel consumption and the collected fund can be used for R&D and infrastructure development for Electric vehicles.

Vi. Our country generates around 120-130 MMT biomass annually in agriculture fields. If it is converted into biofuel, around 3 thousand crore litre Ethanol can be generated annually. It will decrease our dependency on fossil fuel.

Vii. To tackle such a type of situation (high oil price rise) India should make its own some strategic reserves (like buffer stocks for the pulse to control prices) like USA and China. We have 3 such strategic reserves that can supply fuel for 3 months only. It needs to be increased and should be used in this type of situation in combination with other measures.

More you run from the problem, harder will it become to solve.

How are we running from the problem? By giving synthetic subsidies for last 70 years.

Is the problem solved? No, it hasn't and will become more dangerous in the future.

Why? Because we don't produce oil and we import 80% of it. We have no control over its price (only opec and USA have control).

Always remember, oil is the non-renewable source and its price will ALWAYS increase (coz of short supply of dollars, maybe because of sanctions against Iraq and Iran, or maybe because of depreciation of our currency). All in all we have no control over its increasing price.

So instead of giving temporary subsidy, the govt should invest that money in building world-class highways, over bridges and improved infrastructure. (more than 40% of diesel in trucks is wasted because of bad roads+tolls+traffic jams).

I have a bicycle and want to drive it, but driving it on roads is suicidal. Govt should make /plan cities more pedestrian and bicycle friendly, it will encourage people to use fewer vehicles.

I want to use buses but they are so crowdy, Use the money in buying and upgrading public transport. Make our cities more like Tokyo and not like new York.

Encourage companies which want to invest in electric vehicles (like Mahindra and Tata).

Govt must know oil prices will always increase and electricity prices will always decrease (invest in solar and wind power) once using e vehicles becomes cheaper than people are not fools we will use e vehicles because we love our money.

The government must know that the greatest wealth a human could possess is Health. (less pollution =healthy citizens =more productive economy).

Also, try to give some amount of subsidies on LPG, LPG is healthier to use than burning woods. But no subsidy on petrol diesel or CNG as they pollute the environment.

Investing in high-speed freight trains and waterways is also a good idea.

Last point but very important - - - increase the tax on sin products (like cigarettes, gutkha, pan masala, soft drinks etc) use that money in improving women health (LPG).

Last but not least - -Swatch Bharat Mission-- clean our nation let more tourist come in. Tourism is a great source to balance current account deficit.

So use money in permanent solutions and temporary.

These are long-term plan and will not be completed in 5 years. But remember NATION IS MORE IMPORTANT THAN GOVERNMENT. Take a tough stand.

As my thinking,

We should use vehicles. They have human-made equipment use for human works this is necessary and need in our life.

We can use vehicles in minimum oil consumption in minimum cost. And we will do our work successfully in our valuable work invaluable time. As my thinking vehicle uses the method.

We use vehicles like Public transportation, Cars, Bike (solar or electric), Cycle.

It is selective approaches method. It means we use vehicles in classified different categories of required level of a valuable work invaluable time and vehicles advantages and disadvantages to using the vehicle minimum consumption and minimum cost on oil.

We classified the categories below.

1) Cars:

Use for only sometimes work - Minimum time in more valuable work.

=> Ex- Important meetings, patients travel (ambulance & personal cars), etc.
=> Advantages- Minimum time consumptions, speedy work, reach to required point at that time.
=> Disadvantages- High cost, more oil consumption, create air pollution.

2) Public transportation:

Use for regular work- more valuable work in a minimum & more time.

=> Ex- Long distance travel, regular work,
=> Advantages- Less cost, minimum air pollution, minimum oil consumption, etc.
=> Disadvantages- Time-consuming, only fixed situated place etc.

3) Bike (solar or electric):

Use for regular & only sometimes work - minimum time in the long distance more valuable & more works.

=> Advantages- Reach to required point at the time, minimum time consumptions, etc.
=> Disadvantages- More air pollution, high cost, etc.

4) Cycle:

Use for only some & regular work - more time in more valuable work.

=> Ex- Travel for market, enjoy, exercises etc.
=> Advantages- Safty, strong health, without any cost.
=> Disadvantages- Time-consuming, etc.

We use vehicle required time in required work to this method followed then will be decreasing of oil consumption and save the money and when the decreasing oil consumption (demand) then automatically decreasing the value of oil and we get more benefits of money save in two times it means we followed this method to required type of work to minimising oil consumption to save the money and decreasing value of oil to save the money And also control the air pollution.

Nowadays need to control Ari pollution because air pollution is damaging our life so air pollution also controls and minimize to this method followed.

There are a number of ways by which we Indians can deal with high oil prices. Basically, some people like to show of their wealth and status in society. So they buy more vehicles such as expensive cars and bikes. In this age of hoarding, it is very rare for us to find someone who is genuinely concerned about society and the environment.

We do have a lack of infrastructural facilities. Public transportation systems are not upgraded enough. Roads are even not well constructed for smooth access which ultimately results in the increased usage of petroleum products. This age of technology provides us with many opportunities to harness our country's resources. Improving public transportation system and making it suitable for differently-abled and weaker sections of the society. It will be definitely the first step towards change. Improving our roads so that it will enhance the efficiency of the public transportation system and make way for smooth travel. Smooth roads are also in a way bicycle-friendly.

We should move toward alternative modes of transportation which are more environment-friendly. Electric cars and vehicles are a new thing in the market which could be put to use for reducing our dependence on import of oil. Most importantly awareness must be created among the people for switching to a more environmental friendly transportation system. Reducing the demand for oil imports will ultimately curb down the prices. It will take a long period of time provided we take small individual steps to tackle the situation instead of waiting for a miracle to happen.

Owing to high import prices which creates a huge deficit in our budget we should try to harness the technology and production technique to produce oil in our country. This is only possible through proper research and analysis. We should try to reduce ou dependency on foreign import of oil and should switch tp being independent in its production so as to reduce the high import prices.

Hello, all.

According to me, combined efforts from both the govt as well as common masses are required.

The high oil prices can only be tackled by lowering the consumption and demand in the market.

We need to work on the following things as mentioned below:

1. If possible we should totally switch to renewable resources or at least work towards in this direction to achieve the desired results ASAP. 10 or 15 years from now, most of the European countries will have only those vehicle which will run on renewable energy be it solar or electric. India being the 2nd largest country in terms of the population needs more time than that but totally capable of doing it. We already have metro, buses and rickshaws running on electricity.

2. Promoting the use of public transport and strengthening the condition of public transport. This is very crucial from India's point of view. Even in the capital of India, the condition of public transport is far from satisfactory, Let alone the other states. With the increase in a number of people getting richer, if everyone starts planning to own a car, the condition will get far worse than it is today. Govt needs to step up here and hit the ground running.

3. Traffic jam, this is again a point of concern, a recent study by IIT- Delhi showed that 2 lakh liters of petrol get wasted every day by idle vehicles stuck in traffic jam. This is huge and a big negative for the economy. Increasing the number of traffic police force, improving the condition of roads and traffic lights can make the situation better. But government alone can't be blamed for this, those people who don't obey the traffic rules are also the culprit here.

That's it.

Thank you for reading.

India is considered in the list of developing countries of the world. And also one of the highest populated country after China, so it is obvious that we have a lack of resources that is one of the factors to make the country to be called developed. Among these resources, oil is one of the powerful factor for any developing country as a source of energy which we can obtain easily and use it, rather than any other form of energy such as solar energy, tidal energy, wind energy, hydel energy which are not obtained in good amount and we don't have fully developed technology so that is reached to common people's. And apart these are costlier than oil.

Some of the following ways can lead us to minimise the use of oil so as to decrease the high rising oil price.

1. In regard to oil consumption, if we will have a good amount of oil then it's obvious that oil price will go down. For these, our government should find other's alternative source of importing rather than importing from the same country and also inbuilt to find the source of oil itself in our country.

2. Indian government should work on the alternative source of energy production. Rather than relying only on oil and should create an opportunity for research scholar to work on these type of projects. As we have a hub of Intelligent Scientist and only they need an opportunity to work.

3. Use of public transport rather than using own vehicle.

4. Use of eco-friendly vehicles that is running CNG is also a good option to remove oil consumption.

5. Use of solar energy for home lighting purpose and for small scale works which required less amount of energy.

Hi to everyone.

In order to deal with high oil prices;.

1. Use electric vehicles such as motorbikes, solar energy two wheelers.

2. The government has to make a law in such a way that every individual family should have only 2 cars, not more than that why I said 2 is in order to convey the person because like everyone has the dream to buy a car and have own house in that purpose I told.

3. The government should encourage scientists and researchers in order to make vehicles largley based on electricity, solar energy consumption.

4. Every individual of society has to use a bicycle or public transport services for shorter distance let say 5km this should be made as an law then almost 20 to 30% of fuel importing will reduce because our India population is more. For one person usage of fuel is reduced for 5km its nearly think 0. 25 liter per person of imagine some number if this is followed by all people in India almost we can reduce 20% fuel import.

5. Reaserchers and scientsist has to made experiments on bicycle like gear cycles came into existance and more ways inorder to make atleast students or kids to use bicycles rather than cars and bikes. The creativity in such a way that it should drag the complete interst of student towards using bicyles almost 50% of youth uses bicycles.

Hello, everyone!

Oil prices are increasing due to low supply of oil from other countries. Demand and supply are directly proportional so as the demand is increasing supply too is increasing. A reason may be that our country which is said to be the second most populous country after china so as the population is increasing gradually it is leading to decreasing in resources. There is an immediate requirement of any law or rule to set up more oil drilling stations if possible otherwise we have a talented group of scientists who can find many alternatives for oil. Secondly, the government must also take action in providing more public transport because in the hustle and bustle of urban areas public transport are proving as time taking uncomfortable. So people have to switch to their private vehicles even if they are not able to afford them. Metros are an example of such alternatives. And yes it is not only the job of government to provide everything for us we too are required to help the government in building a better India which is only possible if we too work at an individual level. For example - Switching to public transport more often, turn off the car when stuck in the traffic jam, etc. Thus every problem always comes with a solution.

In my opinion, possible reason for increasing oil pricing in India:

Sanction by the USA on Iran.

The monetary policy of USA for reduction of the dollar in the market.

Less concern about the renewable option. For this, we require some solid temporary and permanent solution such as -.

1. Govt has to put some attractive option for public transport. Like discount on a long journey in the city for regular employees and student.

2. Govt has to introduce more AC public transport system in major business routes.

3. Traffic mgt should be improved in major and busy route.

4. Online taxi services have to introduce 8-10 seaters SUV for same destination people.

5. Personal vehicles have to allow a shared vehicle for one route two-way journey for in route passenger.

6. The capacity of public transport has to improve.

7. Monthly pass system with discounted rate should be available at the online platform.

8. Put pressure on CNG and electric vehicles developing company to increase R& D.

9. Raise request to UN for introducing dealing of crude oil in UN approved currency.

If govt and people works together then we can easily overcome with this hard time.

Hello, everyone.

As we all know that India is one of the high oil importing country. That's why nowadays we are facing the problem of hike in oil prices. Currently, the quantity of crude oil decreases day by day, if demand remains same it will automatically increase the price of purified oil. To reduce this price currently, there is no option left unless we think about alternate of oil. Like solar power, electric vehicle.

So my point is that we need to cut down the usage of oil by,

1. Use of public transport rather than using own vehicle.

2. Use of eco-friendly vehicles that is running CNG is also a good option to remove oil consumption.

3. The government has to make a law in such a way that every individual family should have limited vehicle.

4. The government should encourage scientists and researchers in order to make vehicles largely based on electricity & solar energy consumption.

5. Every individual of society has to use a bicycle or public transport services for shorter distance let say 5km this should be made as a law then almost 20% to 30% of fuel-importing will reduce in such way & this will also help to improve our health.