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What You Can Do About Skyrocketing Oil Prices In South Africa

By: GARKO

If you are in South Africa and you are having a bigger problem lately making ends meet, you are not alone. Unfortunately, this is only the start of things to come.
The price of oil is rocketing, the strength of the dollar (in which oil is traded) is declining. Oh, and don’t forget the strength of the Rand is also on the down at the moment. This in turn is having a knock on effect on the price of petrol in SA.
I’m not sure if everyone knows this, but usually the weak rand and other market factors don’t affect the price of oil immediately, but usually 12 months later do we bare the brunt of bad markets.
Oil is bought in futures, so this means that oil traders buy oil months in advance and trade in FUTURE values of barrels. the time the expensive oil hits us, it has been shipped from the supplier, stored in reserves, processed and stored again, and then distributed to consumers via petrol stations.
The weak rand South Africa has been having and other factors that affect oil prices like war, elections, abnormal weather, corporate downsizing, etc will get to them NEXT year!
Oil trading is standardized by using a single currency, and no surprise that the US dollar is chosen for this, as 49% of the world’s fuel consumption is made up of the USA. Now keep in mind that the US is only 1/24th of the worlds population, and you will start to see the economic power the US actually has, its not just talk, these guy mean business.
So, if the dollar declines then it costs less for other countries to buy oil so they try to buy it up more quickly but this results in an increase in demand and that drives the price up. Simple economics.
When one thinks about fuel and South Africa they often think of SASOL but SASOL accounts for less than 1/5th of the total South African fuel demand
Caltex is the major supplier of South Africa’s petrol, and they distribute semi-refined oil to other petrol company’s refineries. There is difference in petrol from one company to the next but the core is the same Caltex oil.
The different companies have different techniques and chemicals that they add to the petrol so that is why they can advertise as being different, or better, that one another.
So with the new understanding of the oil industry in South Africa and of the problems it is facing one might ask what are the alternatives? Toyota has had a hydrogen powered engine for more than a decade in the Prius. BMW also has a green engine that they’ve been working on. Pretty much every major manufacturer has some activity going forward to make vehicles which run on something other than fossil fuels or in a hybrid with fossil fuels. These various solutions are not as easy as individual car owners doing modifications on their car engines to facilitate a different fuel solution than the one that the manufacturer originally installed.
One needs to look to individual pioneers and grassroots movements to find any real solutions.
WATER4GAS is sharing information at a low price which individuals can use at home to create a small assembly which instills hydrogen into the gas/air mixture that their car runs on.
Using Water4Gas you can reasonably expect to lower your fuel consumption by thirty to fifty percent or significantly more. With W4G gasoline is made consumable so you can lower your fuel consumption.
It also helps reduce emissions significantly.The percentage of happy customers is about 99%! So how about you?

Article Source: http://www.articlekingpro.com

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