How to Deal with High Oil Prices?
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
149 comments Page 8 of 15.
Sameer ali said:
9 years ago
Hi, friends! according to me this is an issue where we become a hypocrite and we suggest using bicycles and all that which is not an appropriate to fix this, however, we need to make some rules like discarding using old vehicles which intake lots of fuels. The government needs to take some major as well as we need to take some minor ones. Also, we need to enhance our technology and replace our fuel vehicles with electronics and solar ones. I hope doing this would make some difference.
(10)
Aman swarnkar said:
7 years ago
In present days, oil prices are high because the hypocrisy of government. Government doesn't want to reduce the taxes on oil because they feel reduction in oil prices will reduce national revenue. Meanwhile we know that oil prices are decreasing in international market now a days but government doesn't want to reduce even single rupee tax on oil prices. Government need to bring oil under GST and people also try to use renewable form to energy to decrease dependency on oil for energy.
(18)
Ramana.nv said:
9 years ago
Hai,
Nowadays, most of the people are using vehicles even they routine works also, so automatically fuel consumption is increasing day to day life.
Our government of India pays much amount of money to foreign countries and to import the oil. Oil is non-renble oils so insure cost of the oil is more and demand is more. Availability of the oil source is less.
So don't waste oils without purpose and introduce biodiesel, hydro power and solar energy in place of oils.
Thank you all.
Nowadays, most of the people are using vehicles even they routine works also, so automatically fuel consumption is increasing day to day life.
Our government of India pays much amount of money to foreign countries and to import the oil. Oil is non-renble oils so insure cost of the oil is more and demand is more. Availability of the oil source is less.
So don't waste oils without purpose and introduce biodiesel, hydro power and solar energy in place of oils.
Thank you all.
(13)
Pra said:
9 years ago
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.
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.
(4)
Ashmit Kashyap said:
4 years ago
The rapid rise of oil prices is a very big problem for us. It has many reasons for rising prices day by day. At present time all family members have there own vehicle. Some people thinks that it shows his status. There are such ways by which we can stop the prices - prefer public transport over private transport. It will reduce pollution also. Use alternatives like electric vehicles and CNG based vehicles. Instead of importing oils India must work towards producing its own oil.
(34)
KARAMJEET SINGH said:
8 years ago
Best way to deal with high oil prices are carpools, use of alternative source of e-bikes, bicycles, and the cheapest mode is by using govt transport.
Prices depend on the demand and supply criteria and lesser the demand lesser the price.
In the recent scenario even though the price of per barrel has declined but the state is not ready to reduce the taxes as this is the only source they are attacking to set off the losses the state has incurred with the implementation of GST.
Prices depend on the demand and supply criteria and lesser the demand lesser the price.
In the recent scenario even though the price of per barrel has declined but the state is not ready to reduce the taxes as this is the only source they are attacking to set off the losses the state has incurred with the implementation of GST.
(30)
Arun said:
9 years ago
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.
(8)
Antara Sen said:
7 years ago
Hi,
The best way to deal with high oil prices will be to increase domestic crude oil production and decrease the quantity of crude oil imports. Electric vehicles can also be another option but it will take a long time to hold the market due to unavailability of charging infrastructure and high battery costs. So, currently the Government should take steps to increase domestic production so that our dependency on other country to meet the demand is curbed out.
The best way to deal with high oil prices will be to increase domestic crude oil production and decrease the quantity of crude oil imports. Electric vehicles can also be another option but it will take a long time to hold the market due to unavailability of charging infrastructure and high battery costs. So, currently the Government should take steps to increase domestic production so that our dependency on other country to meet the demand is curbed out.
(13)
Priyanka said:
9 years ago
Helllo all,
As we all know oil is Non-renewable resource. So its price will definitely increase day by day. We can't stop it but we can definitely reduce its use at certain extent.
We should take some action to save our natural resources for our next generation otherswise it will become difficult for them to survive. We must use public transport and others vehicles which run on renewable resources like electricity. We can also use cycle for small distance.
As we all know oil is Non-renewable resource. So its price will definitely increase day by day. We can't stop it but we can definitely reduce its use at certain extent.
We should take some action to save our natural resources for our next generation otherswise it will become difficult for them to survive. We must use public transport and others vehicles which run on renewable resources like electricity. We can also use cycle for small distance.
(17)
Tanusha said:
7 years ago
As OPEC has agreed to cut down its production, Oil prices has seen a huge surge in their prices. As we are one of the biggest importer of crude oils, it is going to affect the balance sheet of our country in a negative way. Also, as they are non-renewable source, we must look for alternative sources, such as using public transport, use of CNG vehicles, vehicles that operate on battery. We should also look for more ways for harnessing solar and wind energy.
(9)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers