As per Vamsi oil prices should be hiked further in order to control it in the long run.
This would trigger in the demand for public transport simultaneously reduces the oil consumption. As there is demand for public transport, govt has to increase public transport which in turn would create assets and constant revenues. At the same time as oil consumption comes down, demand for oil comes down and eventually result in drop in oil prices.
Hop over to his blog for a cup of coffee. Errr… do you want Barista or an ordinary one ?
Linked by Cuckoo. Join Blogbharti facebook group.
yes, using less petrol is the solution. but that in itself is a temporary one. A permanent one would be to go back to our good old village life and bullock carts like Mahatma Gandhi envisioned.