How to Deal with High Oil Prices?

India should concentrate on cultivation and production of hemp. I know I may sound odd because it is a Cannabis crop. But if you study about it then you will find out that it is a highly potential biofuel and it can be proved as an excellent petrochemical.

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.

Oil prices are deals with transportation levels. In India, oil prices are more compare to other countries and we have insufficient storage of crude oil levels that's why it has more oil prices and we use to high giving mileage vehicles and public vehicles.

As we have to import the crude oil from another countries so price of oil more than other countries but why in India the price is continuously increasing because number of vehicles is increasing even for a small distance people use the four Wheeler, the reason of behind the youth follow fashion in the race of fashion they forgot about future generation, in highways most of youth who use so expensive bike not for they need these but because of fashion people who can easily go by bike use car and where he go bicycle he use his bike to go there by foot is too far, another thing government should have motivated the people to use the vehicle which uses solar energy or use rechargeable battery because it would save money of people and also reduce the air and noise pollution.

In real sense. Rate of oil in other is so much low as compared to India. The main fact of higher rate in oil in India is due the taxes Like - Central taxes, State taxes and so on. If the government remove the taxes then the rate of oil is automatically go down.

The real fact of increasing oil in India is taxes. The prices of oil in India is so much higher as compares to other countries. In India, different types of taxes like central taxes, State taxes and so on. If the government removed all these taxes then the price of oil is automatically go down.

Hi everyone,

1) The reason for the rise and fall of oil price is due to the imbalance in the equation of supply and demand. The consumption of oil is more than it is produced.

2) The dominance of few of the countries in the production and control of oil E.G OPEC nations. Thus they decide the price of the oil in the international market.

3) Competition among the oil producing nations.

In order to counter the above-stated problems, the possible remedies are as follows.

1) The use of an alternate source of fuel likes ethanol, biogas. This will reduce the demand for oil which will reduce the production of oil hence reduction in the cost of oil.

2) People should buy more of eco-friendly cars such as CNG, electric, hybrid because majority of the oil consumption is in this sector.

3) Use of public transport will reduce the oil consumption as well as pollution in the environment.

4) Carpooling would be a better option.

5) Govt should try to look for more oil reserves in India rather than importing from other countries.

As we all knows day by day there is an increase in prices of oil this occurs due to India have not their own plants they will have to import from the Arabic country in comparison to Arabic India have very low currency so if there is a small increase of prices the rates of oil increases sharply in India if you have to deal with the prices you have to improve your currency and also black marketing taxes are necessary for improvement of GDP. You have not to reduce the taxes.

Hi friends,

I agree with as they put their views but I would like to add few points. As we all know clearly that mineral comes out after digging on some part of the earth in middle east country. And they also create imbalance on earth as we saw in Uttarakhand that was cause of natural disturbances so what we have to just one i.e. reduce the used oil where solar made thing can be used. Also, increase usage of cycle and tonga while going near the relatives this will also help us to improve our physically strong. But in 2014 America has developed shail oil artificially and he stopped buying oil from Arab countries so prices will definitely go down.

Thank you.

Hi, everyone.

As we all knows oil price increases day by day so for that in order to avid that we have to build an oil plants in India, why because we are imparting oil from other countries is it, if we are build oil company in India than problem is solved no transportation charge and also it reduces the wastage while importing from other countries, so for that we are all engineer's we plan to make a projects related to energy sources.