What is your view on soaring oil prices?

Question

State The Following :

1 : Answer

2 : Reason

3 : Any Other Information

Answer 1

I don't drive much, so I've learned to live with it.  What really scares me are the airline prices--almost double what they were last year.  That is preventing me from visiting relatives.

Answer 2

I pretty much agree with Texdoll.

I personally do not believe the propaganda that the earth is running out of oil - use to.  It's just a scam to jack up the prices on the right and on the left to get you out of your cars.

Answer 3

They suck, because I'm about to have to start paying for soaring gas prices + my first car + insurance...  &that's going to take up all of my check from work.  I also have to pay for college.  So..., if I don't get a scholarship, things aren't looking too good.  Analysts are saying gas prices are supposed to go above $5/gal. by the end of this year too...  In addition to all that, I live fairly far away from my school and work.  I live in the biggest city in America with NO public transportation.

Answer 4

Oil prices will never come down, because we've passed the "peek point" predicted by M. K. Hubbert. In 1956 he predicted that in the 1970's we would peek out for finding new oil  reserves and that in 2008 we would be using more oil that what is refined.

Many put the 2008 deadline off a few years because of the alternative fuels we are starting to use. But the low down is... we are running out of crude oil and the price can only go up until they (owners of the big reserves) stop selling it to us. So there is one thing worse than extremely high gas prices..... the day money can't by it at all....

Taken from the link:  "More people means more demands for fuel, energy, plastics and food – all highly dependent on oil. In the ten years from 2002 to 2012, the world population is expected to rise from 6.23 billion to 6.96 billion, an extra 12% to be fed, supplied and energised. Along with population, the other factor is the increasing use of oil in developing countries – countries which, up to now, had been contributing little to consumption."

Answer 5

1. In the long run, it's good

2. Because it will stimulate investment in alternative, more environmentally-friendly fuels

3. Part of it seems to be temporary (if the tension in the Middle East ever clears up) and part of it is permanent (rise of India and China)