~snip~ At at $280 per barrel, demand destruction will hit,  half of the world would stop using oil before that as they can't afford it. That would not be so bad if we take into account how much vehicles that use oil derivatives pollute the air and what this same air does to human health. Maybe only high oil prices will force (encourage) people to start using electric vehicles more, or at least reduce how much someone uses their vehicle. Not only vehicles use oil. I live in a country like Nigeria that demands we use oil for generators because of lack of constant electricity supply, there are also other means of transportation that demand oil and so far, we have witnessed oil price rise from 950naira to about 1,500naira. The rise in commodities from food to wear to technology equipment and other sectors of the economy is quite huge. I have had to reschedule an important trip twice and may finally cancel because of the hike in transportation fares. What beats my imagination is that we have refineries that should be working and we mine oil here for export. However, we always seem to suffer much while those at the top seat of governance gain massive profit from this current hike of oil. It's not easy for the common man trying to survive here, because even with the tax reform our president initiated early this year, we get taxed for everything we buy or use or transfer to and from our banks.
~snip~ At at $280 per barrel, demand destruction will hit,  half of the world would stop using oil before that as they can't afford it. That would not be so bad if we take into account how much vehicles that use oil derivatives pollute the air and what this same air does to human health. Maybe only high oil prices will force (encourage) people to start using electric vehicles more, or at least reduce how much someone uses their vehicle. Not only vehicles use oil. I live in a country like Nigeria that demands we use oil for generators because of lack of constant electricity supply, there are also other means of transportation that demand oil and so far, we have witnessed oil price rise from 950naira to about 1,500naira. The rise in commodities from food to wear to technology equipment and other sectors of the economy is quite huge. I have had to reschedule an important trip twice and may finally cancel because of the hike in transportation fares. What beats my imagination is that we have refineries that should be working and we mine oil here for export. However, we always seem to suffer much while those at the top seat of governance gain massive profit from this current hike of oil. It's not easy for the common man trying to survive here, because even with the tax reform our president initiated early this year, we get taxed for everything we buy or use or transfer to and from our banks.

~snip~ At at $280 per barrel, demand destruction will hit,  half of the world would stop using oil before that as they can't afford it. That would not be so bad if we take into account how much vehicles that use oil derivatives pollute the air and what this same air does to human health. Maybe only high oil prices will force (encourage) people to start using electric vehicles more, or at least reduce how much someone uses their vehicle. Not only vehicles use oil. I live in a country like Nigeria that demands we use oil for generators because of lack of constant electricity supply, there are also other means of transportation that demand oil and so far, we have witnessed oil price rise from 950naira to about 1,500naira. The rise in commodities from food to wear to technology equipment and other sectors of the economy is quite huge. I have had to reschedule an important trip twice and may finally cancel because of the hike in transportation fares. What beats my imagination is that we have refineries that should be working and we mine oil here for export. However, we always seem to suffer much while those at the top seat of governance gain massive profit from this current hike of oil. It's not easy for the common man trying to survive here, because even with the tax reform our president initiated early this year, we get taxed for everything we buy or use or transfer to and from our banks.

~snip~ At at $280 per barrel, demand destruction will hit,  half of the world would stop using oil before that as they can't afford it. That would not be so bad if we take into account how much vehicles that use oil derivatives pollute the air and what this same air does to human health. Maybe only high oil prices will force (encourage) people to start using electric vehicles more, or at least reduce how much someone uses their vehicle. Not only vehicles use oil. I live in a country like Nigeria that demands we use oil for generators because of lack of constant electricity supply, there are also other means of transportation that demand oil and so far, we have witnessed oil price rise from 950naira to about 1,500naira. The rise in commodities from food to wear to technology equipment and other sectors of the economy is quite huge. I have had to reschedule an important trip twice and may finally cancel because of the hike in transportation fares. What beats my imagination is that we have refineries that should be working and we mine oil here for export. However, we always seem to suffer much while those at the top seat of governance gain massive profit from this current hike of oil. It's not easy for the common man trying to survive here, because even with the tax reform our president initiated early this year, we get taxed for everything we buy or use or transfer to and from our banks.