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Better not use automobiles any more!
May 6, 2008 01:41
  • LEOPOLD219
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Due to the oil supply disruptions in Nigeria and peopple's hopes of the US economy escaping from recession, the oil price hit a new high in history, reaching more than 120 dollars per barrel. On the other hand, it is said that China's huge demond for oil before Beijing Olympic Games has made the oil prices increase by 25 percent. Is it true? However, US's demand is growing slowly due to its sluggish economy.

Facing surging oil prices, we'd better not use automobiles any more. Do you agree? Just kidding! At least, we can go to work by bus or ride bikes instead of driving cars.
May 6, 2008 10:09
#1  
  • GARYKINKADE
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Most of the reasons for higher oil prices are absolute B.S.
The technology for high durability electric or hydrogen propelled vehicles exists now but is not being pursued as it could be.
Infrastructure for solar power electric grids for vehicle purposes(and housing) needs to be developed.
Need to have strong government completely independent of oil and vehicle corporation influence(Hello Chinese Government)
Forget about the U.S. govt., their so friggin' enmeshed with oil and energy interest that it is absolutely pathetic.
May 6, 2008 11:06
#2  
  • GRIZ326
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The USA has been inundated with automobiles since the sixties, but we never changed our behavior. More importantly, we never changed the design of our cities. The USA is designed to be navigated by automobile; there was a time when trains, trolleys and buses served us well. Only a few of America's great cities are dependent on mass transit. It is our own fault that we are in this pickle.

I agree with Gary that oil pricing is a game with people as the pawns. However, I would not lay all of the blame at the feet of politicians; I would include greedy businessmen and stock holders.
May 6, 2008 20:57
#3  
  • ZOEY
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Unfortunately, the number of the cars in China is also growing fast.



May 6, 2008 22:06
#4  
  • JIMMYB
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Yesterday, the oil prices reached 122.73 dollars per barrel. It is said that it will have reached 130 dollars very soon. The Goldman Sachs has made a prediction that the oil prices will be between 150 and 200 dollars per barrel in the second half of this year. Many countries are suffering from the surging oil and food prices. Some analysts analyse that the oil prices might go down at the beginning of 2009.
May 6, 2008 22:57
#5  
  • GARYKINKADE
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Whatever the end result, you can bet that the average increase in wages will not cover the increase in oil or fuel prices.
May 7, 2008 22:05
#6  
  • JIMMYB
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"Whatever the end result, you can bet that the average increase in wages will not cover the increase in oil or fuel prices. "

Exactly, Gary. The average increase in wages doesn't cover the increae in FUEL and FOOD prices. It is horrible to imagine what kind of life people will lead if the crude is run out and the food crisis attacks.
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