How to Deal with High Oil Prices?

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.

HELLO EVERYONE.

Nowadays we can see increase in oil price at an alarming rate which is a very big concern for people. So to avoid this thing we can better use cng or alternative sources of energy so that there will be no stress related to use of oil products being exhausted before future and there will be also no stress related to oil prices increase. The cng products used also cause less pollution as compared to diesel and petrol and also easily available. So finally according to me we should prefer cng vehicles instead of using oil.

Center should take public transport in its hand and increase the number of public transport vehicles. Since more corruption in government, its economic support in the purchase of public transport will go to someone's pocket at state. Reduce the number of hands to purchase public transport quality will improve.

I think, first of all, government of our country should take initiative by putting some kind of pressure on e&p (exploration and production) companies so that they can explore the country and find out more producing oilfield so that the country don't import crude oil from exporting countries and due to this thing the people out their, who are being effected have to face or pay the final rise in price of crude oil. Overall I mean to say our PM words "MAKE IN INDIA".

Secondly, we people should also think and take initiative by using public transport unless using our own vehicles so that the fuel consumption would decrease.

Today in the practical life oil has become the most essential commodity. In order to get rid of it, we need to do something by promoting the usage of the Solar vehicles solar Motors and use the oil as required amount.

As per my point of view India is world largest oil importer country and our country is also one of the developed countries in the future of in Indian market demand are so high of the oil and this time government focus on solar energy and green energy because there are lot of scope for R&D in solar and green energy.

Most answer is we should use less amount of oil. No one will want to spend their money on oil. Our requirement is fixed even increasing day by day so we cannot stop to use oil. Consumption is consumption, requirement is requirement.

Walking and using bicycle, using less oil, all are doing, this is not the solution because no one will want to.

Spend money on oil. Problem will arise until we have not other energy sources.

- Supply and demand: if producers are outstripping demand, prices will fall and if there is a shortage of oil, prices will rise.

- Political events: a war, rebellion or political uncertainty affecting major oil producers may prevent those countries from producing and selling, reducing the supply of oil.

- Economic growth: if demand is expected to grow faster than production, excess supply will be soaked up and shortages will arise.

- Related markets: the futures market, availability of transport, currency rates and the cost and of extraction equipment and labor can all affect the price of oil.

Hi friends, my name is Pramod.

Nature has many types of resources it may be oil, solar energy etc these all resources uses humans nowadays population increased before last year so these resources use is also more for car, bike etc.

The main disadvantage is population so first we reduce Population then automatically oil resources cost is less.

Now days increased population is also increasing the air pollution. So increased population increases the resources rates.

Thank you.

More population, more consumption, more is the prise of oil. It's truth.

For to reduce the oil prise, one leader or more like Narender Modi, Arun Jaitley, Amitabh Bachchan, Sachin Tendulkar, etc. Decide that day no one drive oil consuming vehicle and use government transportation like train, metros, city buses, etc. Or if possible consume lest amount or oil.

It will deduct in prise a lot.

Such can be done on government Holliday's, or Sunday or last day of the month.

Other hands, we to go through renewable resources as fast as we can. This will reduce the prise and also dependency on oil.