How to Deal with High Oil Prices?

Hi guys,

As the statics say by world bank that India export 80% of crude oil. To buy that much oil we need exchange our money into dollar that makes rupee weak against dollar. This makes an impact at every commodity in India.

To dealing with this problem there are 2 ways.

First, we have to use less machine that uses more crude oil but it's like a wind which gonna that blow no one good because it's going to slow down of production process by this way our GDP also fall.

The second way is we need to try to increase our export so which will GDP but only export is not gonna help us on this problem we need try new approaches to which help us make energy.

Firstly, hello everybody.

Our topic is "how to react high price petroleum oil?".

All know oil in non-renewable product. Some year later oil should not be produced. So save oil and also as near place drive only bicycle as well as possible. Its effect is low consuming oil and save the environment (pollution free environment).

Hello everyone.

This is Aman Sharma here.

Simply we need to make some powerful rules for dealing with these problems which are-.

A) Make one rule which is based on age as we are following that the eligible age for voting is 18 years, so the government needs to compulsory it for driving or riding also.

Because we have seen that small -small kids are going to school with the bike instead of using cycle.

B) Unnecessarily, the goverment put charges on petroleum product while importing due to this when it approaches near to public it automatically gets on high rate. So we want actual charge sheet from the government to know the actual price after taxation.

C) We need to categorized the cities on the basis of consumption of petroleum products, and according to that conduct awareness program by central & state government for awareness and also about more n more use bicycle. For short distance.

D) Using of vehicle-based on battery, operating machinary work through electric, solar systems & hydro power can reduce this problem to some extent.

Thank you.

India is the biggest importer of oil and our revenue is not sufficient to cover all these things. This is the reason of hiking in oil prices. So to maintain oil prices in India, we need to reduce our consumption of oil.

For this,
1. Start to use alternatives of oil. Many countries like America, Brazil are using ethanol instead of oil for transportation. Oil resources are also limited in nature, therefore it will be helpful to maintain the resources of oil.

2. Instead of own vehicles, we should try to use public transport and bicycle for our daily curriculum.

3. Start to promote electric and solar vehicles for using because these are renewable sources.

So every person should be concerned with the government for dealing the high oil prices.

India imports 80% of its oil consumption from Arab countries every year. The oil reservoir is very less in India but our population is very high. So we can't fulfil the demand of oil of our country so, it should be better to save oil as much as we can save. Use

1) PUBLIC TRANSPORT.
2) USE BICYCLES.
3) USE COMPANIES VEHICLES TO GO HOME TOGETHER WITH OTHER EMPLOYEES.
4) IF MORE MEMBERS ARE GOING OUT AT SAME TIME THEN USE SINGLE VEHICLES AND DROP EACH OTHER.
5) DO NOT ALLOW CHILDREN TO RIDE BIKES INSTEAD OF CYCLES.
6) USE THOSE VEHICLES WHICH USES LESS OIL AND WHICH ARE NOT TOO OLD.
7) DO REGULAR SERVICING TO OUR CARS AND BIKES.

These are the small steps to same oil.

Hi Guys,

As we all know that what is the role of demand & supply as demand goes up and supply goes down so usually prices go up. Just like this situation takes place because of "demand and supply". Day by day demand of such oil is increasing the stock because of multiple reasons like increasing numbers of vehicles and there are many other machineries which are useful for work only with help of oil. So if we really want to reduce the demand of such oil so there is need to work on it so that we can stop the hike of prices till a level. So the following stages would be effective to use. 1. Turn off your engine when the traffic light turns red. 2. Don't keep start your engine when your vehicle is not moving. 3. Going in your own vehicle when there is need to go with. 4. Use public transports as much as possible to go from one place to other. 5. Don't try to use extra machinery, use as per need. So with the help of these steps, we can reduce the oil demand in the market.

Using CNG gas is also a kind of power through which we can run our vehicles on the roads. So using CNG we can also control the hike in prices.

Thanks.

My dear friends, Inorder to deal with high oil prices we have to reduce our oil imports. That means we have to reduce our consumptions. Otherwise we should invent some other source of fuel. Unless and until we reduce our consumption we can't deal with high prices in oil.

In my point of view, India is imposing the crude petrol from countries like Iran and UAE WHICH are abundant of petrol. Crude oil is available in not much higher price but When Indian petroleum company imported it there are many taxes levy on it. Also company include labour cost production cost transportation cost on it and finally we get price at high price. Here times comes when Demand is more and supply is less as there are very less purging company available in our country. To tackle this situation we must use alternate source of energy like ethanol biogas as conductor of our vehicle. We can also tackle it by using bicycle to go to small distances, avoid using extra petrol when we have no work.

Hello everyone,

The rise of oil prices is due to the increased imports. Various kinds of taxes are levied on it and the prices ultimately get hiked. Also in our country, there is high demand for oils for various purposes and low supply of it. So, in order to decrease its price we need to decrease our consumption which will decrease the demand and hence there will be a balance in demand supply. Firstly we need to be conscious of our usage of oils. Do not keep the engine on when not driving, Use alternate sources of energy, try walking or cycling for smaller distances, try using public transports, make a habit of carpooling. If we maintain all these habits then we can dream about prices of oils to go down. Thank you.

Hello fellow members.

In my opinion, consumption of oil will increase with increase in production and growth of the economy and reducing the imports or reducing our consumption of it may not prove to be very helpful. Thus, in order to deal with high oil prices India can make strategic alliances with the cartel to obtain oil at cheaper prices moreover it can barter it with some service or good. Moreover, price rigging and corruption are the main reasons behind the high prices apart from the forces of demand and supply.

India should go for alternate sources of energy and invent technology for using bio-waste instead of oil, it will be the cheapest and help India in waste management as well. Moreover, solar energy or hydro energy should be put to a better use.