Crude Oil prices are currently on the rise in the U.S. Some people believe that it may be because of the value of the U.S. dollar, others seem to believe that is because of the Supply and Demand of the product.
I believe that with the lack of the resource, Supply is going down. And while supply is going down, Demand is going up.
Biology Professor Hinton states, " If crude oil demands continue at this rate, by the year 2018, all resources will be depleted and people of the U.S. will be dependant on another form of fuel to power our vehicles."
The thought of gasoline being absolete is somewhat frightening. And to think that we will be running on solar , ethanol, and electricty powered vehicles in the near future is exciting.
What is your stand on this issue?
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1 comment:
i absolutly agree with you...however i think that rather than let the middle east dictate what the price of crude oil is going to be and take it lying down...we should try to help our selves by beggining to drill in alaska, and any where else we can drill without stepping on any more toes than we have to...
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