EFFECT OF HIKED FUEL PRICE

Thursday,
3 July, 2008 6:38 PM
The good years have gone. We are now moving into a new era – the energy age – when the availability of energy will determine not only which nation is prosperous but provide us all with a different way of life. First, let us look at energy, which in all societies mostly comes from fuel. Oil is now around $140 per barrel and is still rising. Optimists hope that speculation is creating the high oil price. Pessimists fear that we are running out of oil.
The truth is somewhere between the two. Speculators are causing price increases in oil, gas and coal; we have not yet run out but we are probably very close to a downward path for all these fuels, only a few years until there are less of these fuels left in the world than the amounts that we have already consumed. How it effect on people...
We visited some of the petrol pumps starting with Bharat petroleum.."suppliers are not at all punctual . they never come on time " said a worker at Bharat petroleum..Mr N.H.PYAR, a distribution officer in Tyagnagar.said,"now i have to think twice before taking my vehicle out.".Lingaraju, a medicine supplier in KIIMS hospital.said,"I makes a long to-do list before leaving ma home and try to complete most of them ."
At Indian oil, workers said.”The petrol stocks are provided to us on regular basis except petrol." They also told that Indian Oil Corporation has total control on selling oil from other company. The decision is made every fortnight regarding use of different brand oil.. Dr.Bishnu, a doctor kept silence when asked about the hiked prices but silence speaks louder then words sometimes. Mrs.Sukesh, sighed and said,” I live in a joint family and i am the only earring person and hiked oil prices have a very adverse effect on my money management."
Hindutan petroleum also lacked in supplies like other depots.Mr.Vinay , a scientist, said," No other way out . We are helpless."Mr Pravin kumar, a businessmen, said,” Earlier i used my own car but now i am forced to use carpools to travel with my family." Mr.Shukbir, a software engineer in H.P said," I used to travel by my own car earlier but now i am compelled to travel by company cab."
How to cope up with this problem? We all have to get accustomed using less energy. Efforts going into to energy efficiency will not be anywhere near enough. we need to get on with a greater take up of renewable. We will probably have energy rationing – petrol will be prohibitively expensive for most people driving today’s cars and we will only be able to afford the petrol for cars with very small engines. Luxury performance cars may well be taxed out of existence. We will share cars more especially for trips to those out of town shopping centre built miles from where we live. Flying will be at least as expensive as it was fifty years ago. Food will be as expensive as it was fifty years ago, in terms of our expenditure on food as a proportion of our income. Nations will large stocks of energy such as Russia, Kazakhstan, Iran, Iraq, Saudi Arabia and Venezuela will be extremely prosperous and nations without local energy, large stocks or an existing significant renewable energy infrastructure, such as the United Kingdom and the United States, will gradually descend into gentile poverty.