Although the prices of fuels have greatly increased over the last decade or two, it is argued that further increases in fuel prices are the only way to reduce world consumption of fuel and lessen pressure on the world’s fuel resources. To what extent do you agree or disagree with this statement?
Some people are of the opinion that there is no alternative to decrease global
fuel
demand, even though there has been a great rise in Use synonyms
fuel
prices during the Use synonyms
last
10 to 20 years. Linking Words
This
imposes a great risk to the Linking Words
world
deposits of fossil fuels. In Use synonyms
this
essay, I will discuss why I disagree with Linking Words
this
thesis.
On one hand, prices are only a part of the variables involving the use of fuels. While there are many goods that could be manipulated in its price to rise or limit its consumption, Linking Words
fuel
is not one of these. Use synonyms
Hence
, the importance of understanding that fuels Linking Words
have not yet found
their competitors, nor their replacement. Take Suggestion
has not yet found
for example
chocolate, if prices of chocolate were to increase by 50% its demand would be reduced dramatically. Linking Words
This
is not the case with fuels, though it may cost a lot more to fill the tank, people will still need to get to work every day.
Linking Words
On the other hand
, Linking Words
fuel
consumption is directly related to the lack of alternative sources of energy. Use synonyms
Moreover
, these technologies Linking Words
such
as electric vehicles are still a rather small fraction of all vehicles in the Linking Words
world
. If these technologies were to become mainstream by the power of campaigns and large investments in research, the Use synonyms
world
could stand a chance to reduce the pressure put on the fossil deposits. Use synonyms
For instance
, the governments can initiate campaigns to promote the use of electric vehicles by applying tax incentives for the purchase of Linking Words
such
cars.
In conclusion, Linking Words
fuel
prices are in most cases inelastic. Use synonyms
Therefore
, it would take a lot of different efforts to replace the need of Linking Words
fuel
consumption, Use synonyms
thus
having little to no impact on reducing pressure on the Linking Words
world
's fossil deposits depletion. Use synonyms
In addition
to Linking Words
this
, newer technologies will take several decades to be fully developed in order to replace the Linking Words
fuel
demanding industries.Use synonyms
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