Today, gas prices as a national average have risen to 2.1 dollars per gallon. This is the highest gas price increase since 1990, during operation desert storm. What is the cause of this drastic increase in gas prices? Limited supply of crude oil from the Middle East some say. Others think the cause is high trade tariffs on incoming foreign oil. But what is the solution to this problem? Is it drilling in our national wildlife reserves in Alaska? Dropping the trade tariffs and promoting free trade around the world? Perhaps we should look for alternative energy sources; maybe even a combination of all three. But whatever the solution, it needs to be done quickly. America’s gas prices are becoming so outrageous that it is becoming more and more likely that our economy will fall into a depression, and our world, so dependent upon gas for transportation, is in danger of losing the luxuries that we take for granted. Something needs to be done now.
America’s main problem is the complete consumption of all the world’s recourses. A recent statistic shows that America consumes over ј of all the world’s recourses and yet only makes up 1/16 of the population. One solution to this problem is for America to restrict the amount of gas that it uses. However, this would be quite difficult task because of our democratic society. Limits on amount of gas that is expended would be seen as a violation of our constitutional rights. The only thing we can do is cajole the country into understanding the issue and suggest that other means of transportation such as carpools and buses are easy to adapt to, and extremely economical. This of course has already been done with the use of carpool lanes and increases in city buses, with little effect.
With so much gas being exhausted in our economy the more oil needs to be drilled or bought. President George W. Bush has recently signed an executive order to begin drilling in nation forests up in Alaska. He proclaims that there are safe and effective ways to remove the oil and cause little or no damage to the surrounding wildlife. Skeptics of his plan suggest that there is only a small amount of oil in the Alaskan forests and would therefore do our country no good. In any case the effects of this new oil excavation plan will not be in the upcoming future and thus is not an immediate answer to our current gas crisis. But there are other places in which to obtain oil, and that is from the oil rich Middle East. We do not presently have a good relationship with many of the Middle Eastern countries and this means that they are selling us the oil we need at a higher price. One solution to the gas crisis is to reconcile our differences with the Middle Eastern countries. But the animosity between us and the Middle East have been long occurring and a reconciliation attempt would result in a long and grueling negotiation with a lot of compromises from the U.S. thus making this a long and costly solution.
As stated before, America is the largest consumer of gasoline and other fossil fuels in the entire world. If there was a way to rely on other means of energy such as solar, fusion engines etc. our economy could flourish. The idea of a solar or battery powered car is not a new concept but perhaps an overlooked one. Today one could purchase such an automobile and then never need to buy gas and no longer need to worry about the cost. Such technology, however, is not only risky and hard to maintain, but it is also very costly. Electric cars are known to cost a minimum of 30,000 dollars and though money is saved over time, it is still unappealing to the frugal American public. Experimental solar and fusion engines are yet to become available to the public making this an impractical solution.
The final argument to assuage the rising gas prices is to drop our trade tariffs on incoming foreign oil. This solution gives us a quick and effective resolve to our countries problem. Our current system, which was designed to support America and American run industries, puts a certain cost percentage on all incoming non-domestic fossil fuels and thus increases prices higher than they should. If we were to impose no tariffs on the incoming oil then that extra percentage of cost would disappear. Not only is this an effective solution to the problem, it is a fast acting one. The effects of this resolution would be quickly discovered in a matter of months, and though it is only a small amount of decrease, it allows a small relief to the public and gives more time to create a more long lasting and efficient cure for our nations growing problem.
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Home » Subject » Essay » Petrol price hike and its effects on our day to day life
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Petrol price hike and its effects on our day to day life
Petrol has become an indispensable part of our day-to-day life, and we can’t imagine our life without it. But the petrol prices are sky rocketing, and it is eventually going to affect each and everything that we use in our day to day life. Poor people are already working hard to earn square meal a day and this hike is definitely going to paralyze these already-burdened people. Within three years petrol price has increased 10 times and is still increasing. It is nothing but adding fuel to the fire. Petrol hike directly or indirectly affects all the major sectors like transportation, textiles, auto, FMCG etc, for manufacturing & transportation. This affects the prices of daily essential commodities which are transported on a daily basis. Banking sector is also expected to suffer due to high inflation level.
Increase in fuel price will also increase in food price. This will have a more severe impact on poor people because poor households spend more than half of their income on food and only a tenth on fuel. It is a chain reaction once started will affect all. Increase in petrol price will increase the transportation cost, increase in transportation cost will increase in price of goods, and this increase in price of goods would gradually force the people to loosen their pockets even more, and so on like this, the chain will further propagate. These ups and downs push more people into poverty and leading to a more pathetic situation of those already poor. This has obviously sent shock waves to the common man who is trying hard to make both ends meet. Price hike affects only the low wages or fixed salaried middle class families as compared to higher wages salaried class. The existing middle class is squeezed and many of those striving to attain the middle-class standard find it persistently out of remit will bring no negative impact on government employees as their DAs will be increase accordingly. Rich and corrupted people are least bothered of it. Business class like auto-rickshaw drivers shall transfer the burden to common people so they are also safe. Common people if doing business shall also pass the burden to customers and chain reactions. The community that suffers the most is the common people or “aam aadmi”.
So what are we thinking? For the situation to get worse or are we waiting for such a heroic person who’ll bring us out of this situation. No, we, the people are the one to do something and control the situation. Stop blaming government and think how to solve it. We Indians import oil from different countries. We don’t have enough oil to meet our requirements. So we have to depend on import of oil. If there is increase in international price then we have to bear price hike in India also. Then value of rupee in comparison with dollar is becoming weaker in international market. Increase in number of vehicles also causes hike in petrol prices. So the thing we can do is to reduce oil consumption by using public transport for travelling to routine places like our office, markets etc. Use of high capacity transport system like train, ships instead of trucks and carrier vans. Use of cycles to go to nearby places instead of bikes or cars. Cutting off fuel supply or switching the engine off when traffic is halted for long. Developing alternate sources of energy like solar energy etc. Development of bio-diesel, and government should allocate more funds for developing alternate sources of energy as well as develop high capacity goods and public transport system. At last but not least I want to say petrol is a natural resource and limited in nature. We have to use it judiciously so that our future generations can also use it, and thus lead to sustainable development. As someone has rightly said,
“Natural resources are not something we inherit from our forefathers but something we borrow from our children”