Wednesday, May 28, 2008
Careful OPEC: High prices are changing cultures
Steeply rising crude prices could be severely hampering the future of the traditional petroleum industry as global cultures deal with alternatives. From Detroit to Cambodia more employees are turning to biking as a way to get to work, with many forming bike clubs to travel together.
Four-day workweeks are being introduced as a way to get drivers off the road, reducing oil consumption and road wear. Many institutes of higher learning are also cutting their schedule to four days by taking Monday-Wednesday-Friday classes to Monday-Wednesday only classes using the twice-a-week model already used for Tuesday-Thursday classes.
The move to smaller vehicles and alternative fuel vehicles is also becoming a part of regional and economic cultures.
Once the thinking of cultures has changed, they have difficulty reverting to older, abandoned ideas. This could mean OPEC will see a decline that will be difficult to offset without substantial population growth.
Steeply rising crude prices could be severely hampering the future of the traditional petroleum industry as global cultures deal with alternatives. From Detroit to Cambodia more employees are turning to biking as a way to get to work, with many forming bike clubs to travel together.Four-day workweeks are being introduced as a way to get drivers off the road, reducing oil consumption and road wear. Many institutes of higher learning are also cutting their schedule to four days by taking Monday-Wednesday-Friday classes to Monday-Wednesday only classes using the twice-a-week model already used for Tuesday-Thursday classes.
The move to smaller vehicles and alternative fuel vehicles is also becoming a part of regional and economic cultures.
Once the thinking of cultures has changed, they have difficulty reverting to older, abandoned ideas. This could mean OPEC will see a decline that will be difficult to offset without substantial population growth.
Labels: Business, Culture_Clash, News
¶ 5/28/2008
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The Arabs had better be careful. They're building all those attractions in Dubai off 100+ barrels. Soon nobody will be able toafford to go there.
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: 5/28/2008
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