How to Deal with High Oil Prices?
By prasad4sweet
@prasad4sweet (3)
October 19, 2011 9:40am CST
i think the oil prices are mostly supply and demand from nation.it also depends on transportation cost and other charges in that particular nation.the global crisis has mostly impact on oil prices.thus to minimize the oil prices,government have to adopt policies which are useful to nation and handle the stock with care.
1 response
@lampar (7584)
• United States
19 Oct 11
There must be a mulit-faceted approaches in dealing with high oil prices, one is to search for alternative energy sources, to reduce dependency on fossil fuel, to invest more in green energy technology research and development, to slowly phase out an over heated global ecomony that depend solely on fossil fuel to drive its growth in the near future is the most important factor to consider for leaders in developed nations like USA and developing countries like China and India right now in order to deal effectively with ever increase global high oil prices. Only through lower demand in the world market, the greedy OPEC nations will only hear the message loud and clear, then only will it allow the oil prices to go lower in light of the pressure.
