StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The Myth of Increasing Gasoline Supply - Essay Example

Cite this document
Summary
The paper "The Myth of Increasing Gasoline Supply" discusses that demand continues to increase because of a larger and larger world population that requires more and more oil to function, especially as markets such as China and India develop and more people in those places begin driving cars…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.7% of users find it useful
The Myth of Increasing Gasoline Supply
Read Text Preview

Extract of sample "The Myth of Increasing Gasoline Supply"

Gas prices have been one of the hottest topics this political season, with nearly everyone blaming each other for the rises in commodity pricing.  Everyone thinks they have the magic bullet, the solution that will cause gasoline prices to drop.  One of the most dangerous of these is the idea that increased production will decrease the cost of gasoline and that drilling should be increased in places such as Alaska.  The idea that this will have a long-term impact on gasoline prices is simply ludicrous, and the only way to guarantee a lasting drop in gasoline prices is to reduce consumption and use of alternative fuels.

Thus, if one examines the rules of supply and demand, increasing demand and a finite supply will always eventually lead to price increases – a temporary increase in supply may alleviate prices to a small degree, but even this may be minimal because speculators will always be able to buy high and sell higher, as the world supply is still known to be finite.  The only way to reduce gasoline prices is to reduce dependency – reduce demand because supply is impossible to control.  This can be done through electric cars, alternative fuels, and conservation, eventually building towards a society that does not rely on oil at all, because we know it will eventually run out.

            The myth that a temporary increase in supply is good for gasoline prices simply does not hold.  Quick fixes like this will never work – to address this problem, we need to fundamentally change the way we consume oil.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Gasoline prices Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/english/1591153-gasoline-prices
(Gasoline Prices Essay Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/english/1591153-gasoline-prices.
“Gasoline Prices Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/english/1591153-gasoline-prices.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Myth of Increasing Gasoline Supply

Economic Degrowth

First, it is possible to increase the supply of affordable housing units to meet the increasing population in US and UK (Glaeser, 2004).... Since there is a strong need to reduce the number of land spaces used as parking spaces, it is possible to reduce the number of private cars and trucks by enhancing and increasing the number of public transportation utilities and increasing taxes and market prices of gasoline.... Because of the increasing trend in the annual CPI inflation rate and interest rates in the US and UK markets, the selling price of single detached houses has been significantly increasing over the past few years (Nordvik and Gulbrandsen, 2009)....
4 Pages (1000 words) Essay

Death penalty or abortion or should marijuana be legal

Wars were even fought because of cannabis, since in the early 1800's Napoleon declared war against Russia in order to cut off the supply of hemp to England which provided rope and canvas to the Royal Navy.... During the late 19th and early 20th century the use of hemp diminished greatly due to increasing labor costs and with the widespread availability of the cotton-gin....
5 Pages (1250 words) Research Paper

High Pump Prices: Oil Demand and Supply Factors

In the essay 'High Pump Prices: Oil Demand and supply Factors' the author discusses the issue that crude price has risen by $0.... With OPEC aiming to maximize its earnings, the cartel decided to reduce supply.... However, oil prices continued to slide despite the supply cut.... ssuming an initial equilibrium price and quantity of $60 per barrel and 52 million barrels, respectively, an upward shift of the supply curve (from S1 to S2) due to the OPEC supply cut would cause an upward movement in the oil price....
1 Pages (250 words) Essay

The Price of Gasoline

The paper 'The Price of gasoline' presents the gasoline crisis which is not a new problem; the same problem was first experienced by the US during the II World War.... The price of gasoline is increasing every day and it is certainly not good news for the US and for the rest of the world.... We think that the recent run-up in gasoline prices has significantly increased the likelihood.... Don't be surprised to see gasoline rationing being put in place as soon as this occurs, whether it is imposed by the retailers, or by the government....
12 Pages (3000 words) Case Study

Cost Analysis of Gas Prices

First and foremost, it is important to note that the supply and demand marketplace determines the worth of fuel.... This is because an increase in demand and a decline in supply will automatically lead to a rise in price.... On the contrary, if the demand goes down or there is an upsurge in supply, then the fuel price will automatically decrease.... One must look at the numerous varied aspects that determine the cost of gasoline at the pumps....
8 Pages (2000 words) Research Paper

Lotus Rental Cars

The whole arguments have arisen because of ecological benefits which electric vehicles promise to bring.... Electric cars are much safer for the environment since.... ... ... It is well known that new generation of cars that work without fuel is going to replace the way people see vehicles.... Moreover, switching to electric vehicles will allow to get rid of oil dependency for many countries....
4 Pages (1000 words) Research Paper

War on Drugs and Medical Use

Wars were even fought because of cannabis since in the early 1800s Napoleon declared war against Russia in order to cut off the supply of hemp to England which provided rope and canvas to the Royal Navy.... This report "War on Drugs and Medical Use" discusses cannabis Sativa as the scientific name for marihuana or hemp....
8 Pages (2000 words) Report

Cost of Gas Rises 18 Cents in the Past Two Weeks by Pierson

Nevertheless, there are many sources that can supply fuel in the country; this is according to the Countrywide Lundberg Survey.... Many gasoline dealers stockpile gasoline in anticipation of the tensions affecting the supply of fuel.... This paper "Cost of Gas Rises 18 Cents in the Past Two Weeks by Pierson" will look at a business article with a focus on the gasoline price in these recent economic times.... The normal gasoline price in America leaped by eighteen cents a gallon in the last fortnight because of the increasing crude oil prices and associated worry about the Middle East tensions....
1 Pages (250 words) Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us