How to Stop Oil Price Hike?

Question

How to Stop Oil Price Hike?

Answer 1

Guess who bought up all the  Hydrogen producing facilities in the USA?    the  BIG oil companies!

Because big oil companies have a huge infrastructure already in place for diesel and gasoline.  They are not about to change it for nothing.

We won't  see very much done with H2 because big oil won't allow it.

Answer 2

Stop pushing Global warming. It makes people think that we will run out of oil.

Answer 3

transfer the "sub-prime" elements in the housing market to the oil/energy market, and the ill-defining valuation of the curve would take it hold and the slide would probably occur. So far the bulls are calling the shots and enjoying the ride until the bubble burst. Until the powerfuls and their greeds take a breather, its a sigh

Answer 4

Think  about another option of Crude Oil. or do all the things which create short demand than suppy of crude oil. than it may be possible otherwise forget it.

Answer 5

You cannot stop it.. the oil companies started this in the 1970's on up to the present, they forced out all the competition. Then they merged into one entity.

They controlled the price by blaming Opec for many years.

Now, 2008, they control it by the media & traders.

Supply & demand is not a major issue today

However, Scare tactics about China & India's booming populations,, refinery shortages,

Nigerian rebel attacks, bad weather, pipeline breaks, maintenance ,repairs, ALL GET INTO THE MEDIA !!!!!

Once into the news, the traders, no doubt in cahoots with major oil, bid up the price...Where is TEDDY ROOSEVELT when we need him ???

You cannot control the price of oil.

Myself? I DO NOT BUY anything IN A GAS STATION EXCEPT gas, & I will never patronize EXXON/MOBIL, nor SPEEDWAY....the biggest offenders..OPEN YOUR EYES AMERICA !.

Answer 6

Take advantage of Supply and Demand. Convert all vehicles to run on ethanol or biodiesel, so that we can all thumb our noses at gasoline, and the price will drop to what it was at the turn of the 19th century.

Answer 7

Well converting vehicles to ethanol won't work; same goes for bio - diesel. Politicians and the public are already figuring out that:

1. USA does not have enough farm land to convert to 85% ethanol.

2. If not for the massive government subsidies no one would produce it.

3. It's energy (BTU) level is lower than gasoline so cars are getting 8-12% less mileage from the 10% blend of ethanol--

http://www.businessweek.com/autos/conten...

http://www.futurepundit.com/archives/003...

Buy high mileage cars --- is the only viable alternative to high fuel costs.

Answer 8

Stop demanding so much. Demand falls, price falls. Basic economics. Ie. Give up your hummer and drive a sedan like a normal person.

Actually just as a sidenote, gas is relatively cheaper today compared to the past adjusted for inflation. It seems more expensive because the price took off in the recent decade due to wars, booming economies in Asia, and increasing demand in developed worlds. But from where the price took off, it was significantly cheaper due to s***w ups with OPEC agreements and surplus in supply post Second World War.

All you conspiracy theorists should go back to writing books about how Bush staged 9/11 and how evil the media is.

Answer 9

A basic law of economics says that the higher the demand, the higher the cost.  Also, the more there is of something, the lower it costs.

Unfortunately, as we continue to use up oil reserves, there is less and less of it.  And as more of the world buys cars, there is greater demand for it.  

So the price WILL go up.  

Unless you can either a) find limitless reserves of oil to vastly increase the supply or b) use so much less oil, as a planet, that the price falls.

I wish you luck.

Answer 10

Minimum  use of oil.

Answer 11

Make a law that all gas must be E10(a mixture of 90% gas and !0% ethanol).  The ethanol part would be made from algae.

Algae biofuel

With our current biodiesel feedstocks, like soy and palm, there’s no way we could grow enough to supply all of our transportation needs. In fact, it would actually require twice the land area of the US devoted to soybean production to meet current heating and transportation needs.

-Algae, on the other hand, could supply all U.S. diesel power using a mere 0.2% of the nation’s land.

-Enough algae can be grown to replace all transportation fuels in the U.S. on only 15,000 square miles or 4.5 million acres of land.

- Algae is the highest yielding feedstock for biodiesel, producing 24 times more oil per acre, on average, than the next leading feedstock--palm oil at 635 gallons/acre/year.

-One company can produce 180,000 gallons of biodiesel every year from just one acre of algae. That comes to about 4,000 barrels, at a cost of $25 per barrel or $.59 per gallon.

-To put that in perspective, it takes 3,750 acres of soy to make the same amount of biodiesel at a cost of about $2.50 per barrel for 4,000 barrels.

-It is possible to use human sewage and wastewater from agricultural endeavors to enhance the growth of algae. In fact, when done right, algae can double and even triple overnight with the addition of these fertilizers.

-Plus, as algae grows it absorbs C02 from the air.

-In addition, fertilizer for other food crops can be produced by using the leftover nutrients that aren’t used to make the biofuel.

http://www.energyandcapital.com/articles...

Answer 12

unless the entire nation decides to stop using gas , there is no way to stop it.

Just so you know the gas prices are mainly spiking so high not because there isn't enough gas,(though there couldn't be enough in th e futer b/c it's not a renewable soure) but becasue durring the past coulpe of wars, WWII, Vietnam, ect... gas was rationed and our nation in a sense looked inward for our gas. Meaning that we mainly used only the gas that we made. So thecountries who supply 99%of the worlds oil didn't like this so they lowered our gas prices but keeped everyone elses the same. Tats why when you go to Eurupe gas is like 6 pounds. So the main reason our gas prices are going up is becasue our suppliers over seas are finally cathing us up to the rest of the world.

The sad thing is that this was something that we new would happen all along, we just temperarally forgot about it because we became so use to the cheap oil.

Answer 13

Use less or produce more.  It's simply supply and demand.

Answer 14

call your congressman and demand a investigation of manipulations in the oil futures market

http://www.sootoday.com/content/news/ful...

http://www.clarksvilleonline.com/2006/07...

http://www.niemanwatchdog.org/index.cfm?...

http://goliath.ecnext.com/coms2/summary_...

http://www.huffingtonpost.com/raymond-j-...

http://www.jubileeinitiative.org/RiggedO...

Answer 15

Don't allow investors to trade or sell.See Banks are not making money in housing.So they invest billions one day on oil,then sell stock.They do this everyday.The Government should buy all the shares and hold them,they loose millions each day,on brand new Iraq police cars(that get blown up).Healthcare for people who would like to cut our heads off.

at least the government would help the taxpayers here.

Answer 16

- reduce consumption (autos, mowers, etc)

- eliminate climate fears (ie upcoming huricane season) and speculation

- find a way to end or at least reduce political issues between countries who supply and those who primary import (but that's a whole other discussion to be had I'm sure)