How increase in oil prices affected in our daily life?

A substantial and sustain increase in oil prices has a compounding effect on entire world society and economy.

The bad news is...
1. It costs companies more to transport their products, send mail, and get supplies.
2. This increase in cost in transportation and resources will again be sent back to the consumer.
3. The consumer experiences further income loss for basic necessities.
4. Food costs which use gasoline in tractors are higher.
5. Product costs are higher.
6. Fewer jobs are produced.
7. It's a major contributor to the rising of inflation in any country.

8. Also the major contributors to the loss of realized income.

The good news is…
· The faster that the Country can develop alternative sources of fuel that are both sustainable

and cost effective the less reliance on oil.
· The less reliance on oil, the less likely the price of oil will bounce around and affect the

economy.
· A more stable economy means a better chance of sustained growth in GNP, jobs and

investments.

As consumers we absolutely can do nothing to change it . Until then, we just can only "wait and see" what next, and hope for the government will to do something to overcome these major economic crisis.

I THINK !
Instead of using too much conventional fuel, the usage of bio fuel and solar's source energy might be more reliable now. Or we can be start using any kind of past transportation that use no fuel at all.