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General Forum: Current 'Affairs' | | Rising prices of Oil | |
| Petroleum it's not petrol.
Crude Oil costing $65 per barrel.
Do you know in Developed countries Heavy Vehicles like Bus are run by gasoline (Petrol). Not by Diesel. And where as power stations use Natural Gas (combustion engineering - ABB and Rolls Royce)for the production of electricity and potable water.
Our consumtions are very low compared to them.
At present we have also lost our inhouse production of Crude oil (around 40% of our total requirement) with the explosion at Bomabay sorry Mumbai High.
Still we export diesel to our neighbours at a reasonable price.
USA already made a research for the use of BIO - Gas Plants(Ethonol)and found it's not cost effective.Ethonol consumes what it produces. And it's true in our country many plants were established but how far they were successful one has to findout.
Posted by: Mr. M Kumar N At: 12, Aug 2005 12:53:24 PM IST
1) But our banks are encouraging their customers to purchase cars, by way of liberalised loans.
2) Many parents are also encouraging their children to learn driving from a very early age.
3) Instead of demanding for better and meaningful transport, people are also coming forward to have their own vehicles.
It is not 'Use less fuel'. In most of the situations we are going for 'useless' fuel in the real sense.
A diesel vehicle can carry more people per unit of fuel burnt,
compared to petrol. (not only by 'price' but also by 'value')
Then, how many of us have patience to think together?
Posted by: SATYA RAMA PRASAD KALLURI At: 12, Aug 2005 8:06:58 AM IST
The prices of petroleum products has ben spiralling in the past few months. There has been a steep increase in the prices of oil due to fall back on production .
what would happen to enery requirements worldwide ?Is there anything which can be done to curtail the rise in the price of petrol ?
Posted by: Mr. Doctorate Thief At: 11, Aug 2005 9:11:04 PM IST
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