I understand "supply and demand"-- but surely the US doesn't fluctuate that dramatically. Why were the fuel prices in January of this year, about $1.00 less than they are now? Is this just greed? What can be done about this? It irks me to see so many large "status symbol", "keepin' up with the Jones's" vehicles on the road, but honestly-- I cannot do anything about them. What do you think we can do to get our fuel prices back to a reasonable price again?
2007-11-25 22:27:05 · 7 answers · asked by jahulobo 1 in Social Science ➔ Economics
Ever since the 1970s the oil business has been extremely volatile, which is the reason for huge price fluctuations. The current situation is not really something anyone can do anything about. It has more to do with fear, I think, than greed. Certainly more fuel efficient vehicles is the sensible way to go, as well as alternative sources of energy, such as bio-fuels and fuel cells, for example. Drive less and walk more! Take the bus or train rather than the car.
2007-11-25 22:59:47 · answer #1 · answered by ok_ranger 5 · 1⤊ 0⤋
Commentators have attributed the increase in prices to a variety of factors, including North Korea's missile launches, the Crisis between Israel and Lebanon, US brinkmanship concerning Iranian nuclear energy, and to reports from the U.S. Department of Energy and others showing a decline in petroleum reserves.
2007-11-25 22:33:19 · answer #2 · answered by Rohith S 1 · 1⤊ 0⤋
I honestly believe we should start thinking about how to stop depending so much on Oil and start to develop and to continue to search for alternative fuel. The Hybrid cars is a great start... at least it shows we are about ready for change. It wont be easy... In the future, this Fossil fuel will run out... and then what.
2007-11-25 22:32:25 · answer #3 · answered by シ Pete 4 · 1⤊ 1⤋
OPEC is keeping the supply of oil at low levels, thereby keeping prices high. Even if we reduce demand, OPEC can reduce production, thereby keeping prices high. Buy a bicycle.
2007-11-25 22:33:03 · answer #4 · answered by nosillenhoj 4 · 1⤊ 0⤋
as oil becomes more of an obvious necessity to human survival, it can be priced higher.
the only real answer is a total stoppage of use, let us all revert.
2007-11-25 22:30:33 · answer #5 · answered by Anonymous · 0⤊ 1⤋
decline of the US Dollar against other currencies
note : it has declined dramatically since the Democrats took over Congress
will this next election be important?
where is my voter ID?????????
2007-11-25 22:29:52 · answer #6 · answered by tom4bucs 7 · 0⤊ 2⤋
greedy oil workers
2007-11-25 22:29:50 · answer #7 · answered by tornadoman1955 3 · 0⤊ 1⤋