Steep rise in oil price
By lenkajyoti
@lenkajyoti (249)
India
May 31, 2008 3:08pm CST
Now in India all the politicians and intellectual are woriied about two things .i.e - 1) continous rise in Inflation rate 2) Steep rise in oil prices.
The steep rise in oil prices will lead to an increase in contry's import bill,result in a hike in the prices of goods and services,and make essential commodities such as vegetables,fruits,milk costly. My question to over come this situation is ther any ready made solution available.
1 response
@greenline (14838)
• Canada
31 May 08
That's a very good question, and it is definitely a concern of all the countries around the world. This will be a standard case of "Supply and Demand" too ! As the reserves of oil & gas decrease, the problem will become more critical. Tne alternative energy will have to move in sooner or later , depending on the country's resources.
