This article from Wall Street Journal explains to us how we can lower oil prices now. What do you think about the article?
Wednesday, July 2, 2008
Summer Reading #9: We Can Lower Oil Prices Now
This article from Wall Street Journal explains to us how we can lower oil prices now. What do you think about the article?
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19 comments:
The economy can only get better. Supply and demand is the key factor in this article. China will need more and we will supply it. The demand for corn will help the US some but for the long run, I do not think it will affect our economey greatly.
From here on out the economy can gradually get better with time according to this article. There are a few simple steps that can be taken to help with the price of oil and agriculture products that can in turn help our economy. I think this article brings some great points and ideas but they may or may not help the economy greatly.
With time, our economy will get better, according to this article. The article mentions that things such as more fuel efficient cars will lower the future demand for oil, and therefore lower the price of oil today. I hope that the points mentioned in the article come true and help our economy.
This article says that the economy can only get better.If you follow a few steps to make the gas prices go down and help the agricultural products. This article brings up some good points but they may not help the economy as much as we would hope for.
supply and demand is in control of our economy right now. if the demand for gas is high a seller can supply it for a much higher price than he normally would.if we pass laws that lower demand then the supply will be cheaper.
Our economy can get better if we all help out by lowering gas prices by doing things like buy more fuel efficient cars. If we all help out our economy will get better.
Supply and demand; learning about it since the fourth grade I'd like to say? Never would I have guessed it would effect us so dramatically. If everbody can tell a couple people and inform them of these steps we can take to lower demand, our gas prices wont be suffocating us anymore. The production and consumption of fuel efficient vehicles are already rising.
While the nation is trying to use more fuel-efficient cars, there is a downside. These cars are generally expensive. Not many people have much money these days to spend on a hybrid for example when they can get a thousand dollar car. So perhaps instead of changing the cars we use, change the fuel we give them to make them less expensive and healthier for the environment. This would therefore decrease the need for oil and thus lower the price also. Hopefully we the steps taken, we can help reduce the price of oil and agriculture products and thus, help our economy. But as the saying goes, "Hope for the best, but plan for the worst."
With patience and time, our economy will get better. If we would help the lowering of the gas prices, and supplies hopefully our economy will go down, but that may not happen if no one puts in the effort to make it happen.
I think that it's great to hear that we can lower the price of oil by creating policies to lessen the use of it in the future. It gives me hope that the economy will get better eventually, and we'll get out of this hole that some call recession.
From the article, I can see how the economy would gradually get better. The corn ethanol program can help with the demand for oil, as well as using more fuel efficient cars. With less demand for oil, the oil prices would gradually decrease over time. Even though helping our economy is in sight, this process will take some time to accomplish.
The economy is in a slump and when your in a slump it takes time to fix. Everything gets better over time thats just how things work. I feel that alternate fuels for cars is a much better idea than hybrids. Hybrids are to expensive and most of them use gas anyway when they reach speeds over 50. With new and cheaper fuel, the price of oil will drop causing the price of gas to drop.
I think the article brings up many good points about reducing our demand for oil. This could help us a lot at the pumps, but it also shows us that OPEC and the oil controlling peoples have great control over our oil. The article explains how since oil can be stored in the ground the people who control it have every ability to see how much is produced and how much it costs. So while we may reduce our need they can easily adjust to this and charge us more anyway as the trend of less oil continues.
Hopefully over time the economy will only get better and not worse. But this is only IF we all do our part. Use a better way to get around town, walk, ride a bike, anything to help our economy get back on its feet and stop it from drowning in supply and demand. This article has good points about the use of our oil and agriculture products.
The explanation of how supply and demand is actually applied in regards to oil producers is pretty insightful. According to the article, a decrease in the expected future demand for oil would lower the prices now, which would increase consumption, causing oil producers to increase supply, which would also lower prices now.
It says that the economy wil just be better but we really don't know that for sure. Yeah, if we lower the gas prices that will help a lottt but that might not happen. The demand for corn will also help us but not as much as we need or want them to.
After time the economy wil be better than before. Supply and demand is key at the time. Other countries will need more things we will supply whats needed. Cars that are fuel efficient will help because will lower the demand for oil.
This article kind of makes the economy sound like a person, it has to get worse before it can get better. We are almost through that worst part and are getting into getting better we just have to keep helping it with doses of fuel efficiency and things like that.
This article gives good ideas about the use of oil and agriculture products. I believe that economy can get better as long as we all do our part. thus cars the are fuel efficient will help lower the demand for oil in the future.
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