Price rise is a world phenomenon today and inflation is affecting every section rich and poor of society. About three decades ago we could purchase wheat at thirty rupees a quintal, but today we cannot get it at less than three hundred rupees a quintal in big cities. Everything was within the reach of man until a few years ago. Today there is no limit to the price rise of all kinds of items.
But these days, I dread the arrival of the warmer months. Spring and summer are when people take to the roads en masse, which means the price of gas is bound to skyrocket even higher than its current record rates.
June and July could mean higher prices than we have seen in decades. The President and both parties of Congress have ratcheted up the rhetoric to explain why prices are so high and what needs to be done.
But are they pitching the truth? World Demand of Oil Oil executives and Republican politicians would have us believe that the problem with rising gas prices is due to a rise in world demand. The countries of India and China are growing their economies and so have an increased need for energy.
China, India, and other countries have increased energy needs, and their purchases of oil have risen to compensate. To make matters worse, America is not exploiting its oil resources fully. The President likes to say production has risen under his term, but that is deceiving.
Production is up, but not from drilling and not from new permits on public land. Private land used for fracking, the process of liquefying rock and extracting natural gas, is the cause. Oil drilling permits have not been issued, and there has not been a new oil refinery built since the s.
Scapegoat Wrong, they are incorrect. Demand was high back then too. If robust world demand increases the price of gas, it would not have dropped in late These are people, or companies, that trade oil futures for profits. Speculators are being blamed for the high price of gas because people believe they are running up the price in order to make a profit.
This idea is so strong and persistent, in fact, that Congressman Bernie Sanders of Vermont has written a bill that is designed to stop oil speculation.
He is not the only one to call for an end to speculation either. Columnists, pundits, and even the President have called for its halt. The only problem is that speculators are not the reason behind high gas prices.
Phantom Menace One of the problems faced by politicians and TV pundits is that often they are called on to speak or fix things they know nothing about.Short Essay on Rising Prices Price rise is a world phenomenon today and inflation is affecting every section (rich and poor) of society.
About three decades ago we could purchase wheat at thirty rupees a quintal, but today we cannot get it at less than three hundred rupees a quintal in big cities.
Ethnic Conflict In Afghanistan Essay words - 10 pages countries started the price of fuel was expected to stabilize because more fuel was imported than before, and the problem of fuel price was solved rising many places; but unlike people's essay the price further increased.
Apr 05, · Question: The rising fuel price has pushed up the price of other consumer products. How will this affect the society? Give your opinion. You should write at least words.
Jet fuel prices continue to put enormous bottom-line pressure on the world’s airlines, and those prices have soared 54 percent from June to June , according to the International Air Transport Association (IATA).
Apr 05, · Sample MUET essay on fuel price Question: The rising fuel price has pushed up the price of other consumer products. How will this affect the society? Give your opinion. You should write at least words. When tackling this question, one should think in terms of: 1.
short term effect, 2. mid term and finally 3. long term. This. Appropriate Response to Rising Fuel Prices Victoria Transport Policy Institute 7 Motorists in fuel efficient countries tend to drive more efficient vehicles, drive fewer annual miles, rely more on alternative modes and choose more accessible communities.