Friday, June 6, 2008

INCREASED FUEL PRICES....THE HIDDEN FACTS

The increased fuel prices in India is now the measure topic of concern for the middle class.
It is mainly due to the rise of prices of crude oil globally.
As most of the fuel India need today comes from import sources it is obvious that the fuel prices increase with the rise in crude oil prices.

Here the thing we should understand that the resources like fuel is limited natural resource. It will be exhausted one day or the other.

On the other hand with the rise in standard of living and advancement of technology people are more and more able to have a private vehicle. That's why the demand for fuel is increasing,but its production is not increasing in that pace resulting in global rise in fuel prices.

This trend is not of a year or two but will continue for ever as it is going to be the continuous trend that the fuel demand is only going to increase and not going to decrease.

We should also understand that the availability of such natural resources is limited .
So we should try to find out the alternative to fuel to fulfill our energy needs.

More and more funds should be deployed for the research towards this project.
All countries should try unitedly as it is the problem of whole human race.

References
1.http://strata.geol.sc.edu/petroleum-reserves-consum.html
2.http://faculty.washington.edu/jbs/itrans/postpet.htm
3.http://www.socyberty.com/Issues/The-End-of-Petroleum.117138

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