Friday, September 17, 2010

Fuel prices increase as scarcity bites

Fuel prices increase as scarcity bites   http://www.monitor.co.ug/News/National/-/688334/1010300/-/cnqbtez/-/


Summary:
Followed by the water scarcity, the fuel scarcity hits several cities in Kampala. Several Shell and Total gas stations were turning away the motorists that were seeking for fuel, because the insufficient of fuel. The Managing Director of Total Uganda Limited stated that the lack of fuel is due to the delays of offloading petro supplies.  As the supply of the fuel decreasing, and the demands of petro increasing, the price of fuel rises. Both Shell and Total increase their pump price from Shs 2,950 to Shs 2,980. Many other less-known fuel stations were trading fuels for even a higher price than Shell and Total Entebbe.  However, there is no a notable increase in transport fares yet. If the situations remains the same, the price of the fuel will eventually goes up to Shs 3,000 and it will led to the rise of price of transport fares. Other towns like Gulu, Mbarara and Kabale, had also been hit by the shortages of fuel. The prices of fuel in those towns had also been raised up to between Shs 2900 to Shs 3000.


Connection
 The scarcity of oil has been an increasingly severe problem for countries in Africa. In the text, it says only air and sunshine are not scarce resources, therefore, they are free. The statement also indicates gasoline is facing a shortage in the future. There are limited oilfields around the world to supply our huge amount of automobiles. As years elapse, there will be less and less gasoline. The shortage of oil limits the supply in the market, which will directly lead to the rise of gasoline price. In the other hand, scarcity decides the price of fuel. In the future, the demand of fuel will rapidly increase and the supply of fuel will slowly decrease. It is important for us to make a good use of it.

Reflection:
  In my opinion, petro is one of the scarce resources that will be facing a great shortage in the future. This shortage will have a great impact on different industries and our daily life. We might run out of gasoline for our cars, or we might have to pay an extremely high price just to get a litre of fuel.  As technology improves every year, more and more products start to be environmental- friendly due to the awareness of pollution. This concept should considerably used on automobiles more often. All the cars should have solar energy pads on their top. By converting sunlight, which is not a scarce resource, to energy, we can save more petro and money.

3 comments:

  1. i like how you used different fonts for each paragraph ^__^ <3

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  2. Your article was exellent. Gas is really important now a days, since many places are running short and that gases are limited every year. Anyways good job :)

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  3. This is actually a really good topic to talk about. Gas is really important these days but people are still not aware of being eco-friendly. there are two main reasons behind it. First, overburning of fuel causes golbal warming to rise and secondly we are running out of fuel. People have become CAR-nadians. They totally have forgotten to walk to bike to their destinations. they even drive their car when they only have to go two blocks again from their house. by doin so, they are affecting a lot of people out their. surve has even showed that asthma rates have gone up terribly. We all realy need to take astep back and think about future generations aswell.
    Nitasha Sharma

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