How to stop increasing oil price, and who are main sources to stop high oil price,?

Posted by admin
oil price
ma b asked:


Now a days world oil price gone up due to high price of oil. Poor people economic is very low and not surviving their life.

Marion
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    • This entry was posted on Monday, July 7th, 2008 at 6:55 pm and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    2 Responses to “How to stop increasing oil price, and who are main sources to stop high oil price,?”

    1. Darth Severus Says:
      July 9th, 2008 at 10:00 am

      The middle east declining reserves of easily accessible oil cant really do anything about and instability in the middle east declining reserves of easily accessible oil cant change cant really do.

    2. meg Says:
      July 10th, 2008 at 6:32 am

      Darth is right except he left out the one factor that is under our control. If the US reduced our oil use we could have a major impact on world oil demand, and reduce the price. See consumption figures below.
      United States: 20,730,000 bbl/day
      China: 6,534,000 bbl/day