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2006-11-06 14:08:33 · 7 answers · asked by Anonymous in Social Science Economics

7 answers

High gas and oil prices drive research and development of alternative energy sources and encourage people to be more efficient with it. Oil is a finite resource and one day it will run out, so we should be careful with it and treat it as a valuable resource, not a cheap commodity. By encouraging people to find alternatives, it also reduces global warming, smog pollution, respiratory illnesses etc.

2006-11-06 15:36:36 · answer #1 · answered by eco101 3 · 0 0

well there could be two sides to this. a bad side and a good side. if you have money to pay for gas then high raised gas prices shouldnt be a problem. but think about the company. they could loose customers because the prices are so high. the good side would be they would make more money but only from the people who have enough money to pay for the gas. so it really depends. it could save money on some things. like food, clothes, and other thinds needed. so yea again it really depends. if your not always worrying about gas then thats one less thing to worry about. but the bad part is how are you gonna get around if the car doesnt have gas in it. and if you cant pay for it. so yea. it really depends.

2006-11-06 14:15:46 · answer #2 · answered by shanice 3 · 0 0

For starters, it's helping in research and development of high efficiency vehicles & renewable resources. Look at the sudden increase in popularity of hybrid vehicles and ethanol fueling stations. When gas prices are low, people don't mind keeping and buying vehicles that get poor gas mileage.

2006-11-06 14:14:04 · answer #3 · answered by Spaghetti Cat 5 · 0 0

It forces consumers to drive less or to think about their driving habits and find alternatives to fuel consumption such as carpooling, planning their trips to make better logistical sense, and to buy more fuel efficient vehicles instead of monstrous gas-guzzling SUVs and trucks.

It also encourages oil companies to search for oil in areas that make us less dependent on foreign petroleum products, encourages car manufacturers to compete for better fuel technology, and encourages consumers to ask for more products that can be provided as alternatives to gasoline (hydrogen power, electric, etc.). All of this is ultimately better for the environment and for a sustainable future as an independent world economic leader.

2006-11-06 14:19:24 · answer #4 · answered by Red 4 · 0 0

It is so that way when good ole George is out of office, he can still be making money hand over fist besides what he will be getting for being our president for 8 years and screwing up our country and getting so many of our service personnel killed.

2006-11-06 14:19:21 · answer #5 · answered by nana4dakids 7 · 0 0

Well, just like DUbyah's cronies, I own stock in a bunch of oil companies. High prices = high profits = high dividends = more cash in pocket because there's less in yours. HA HAHAHAHAHA

2006-11-06 14:25:19 · answer #6 · answered by elbowfreek 2 · 0 0

My teenage son is staying at home more.

2006-11-06 14:12:16 · answer #7 · answered by lisa 5 · 0 0

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