Unprecedented rise in the price of crude to USD 137 in a very short
span of time has totaly derailed the world economy.
Petrolium products touches every sphere of our life,
e.g. Travel, Transport, Bucket, comb, shoes etc.
This will effect the cost of living for every one from very
poor to very rich.
This will also have impact on our purchasing power, adversling affecting
demand for non essential goods.
The rate of growth of economy and our living standard will also be dented.
However, there is no easy way out of this situation.
Some of the steps i can suggest bellow.
1. Finding and accelerating use of alternative sources
of energy like wind, hydel, solar, biogas,tidal enery
2. Increase the reprocessing of waste matterial.
3. Reuse of packing material as far as possible.
4. Replace palstic packing material by jute bags
which can be reused a large no. of times.
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