Reduction in oil prices in the global market

In the global market, crude oil prices have fallen to $ 48 a barrel, the lowest level in three and a half years. The price was $ 50.60 a barrel in May 2005, 43 months ago. On the other hand, OPEC called for an emergency meeting on November 29 to consider falling oil prices. Oil prices continue to fluctuate in the global market while the objective of economic stability cannot be achieved without the moderation of oil prices in the market. All prices are raised by justifying the rise in oil prices, but this increase is not withdrawn after the decline in oil prices in the global market. Shouldn’t the effects of falling oil prices have to be passed on to the public? Authorities should not take into account the decline in global market when pricing petroleum products. Provide immediate relief to the economy so that economic growth can be improved

Increased use of bio-oil – replacement of gasoline

In view of rising petrol prices, most countries around the world have begun working on alternative sources of petrol and gas – the increasing use of ethanol fuel or bio-oil due to the changing trend of alternative sources of energy. Brazil is the largest country to use ethanol fuel at the moment – since the acquisition and chemical processing of this fuel is very easy, as can be easily produced from sugarcane and wheat crops – hence this bio. Oil consumption is now on the rise in most countries of the world.

Brazil-based ethanol plant Brazil and the United States use about $ 10 billion worth of bio-oil annually, while our neighbor, India, also ranks fifth with about $ 500 million a year. ), Where access is very easy, its increasing use may also cause problems for the human population in the world, such as rising prices of sugar and flour in the world (countries other than Pakistan are also troubled by the rising prices of these goods). ) Are accustomed to the increasing use of bio-fuels – in addition to bio-fuel efficiency Will is less than 38%

The first successful flight from coconut oil

A private passenger airline has successfully flown Amsterdam, using partial fuel as fuel. The Virgin Atlantic Airlines flight from London’s Heathrow Airport to Amsterdam did not have any passengers aboard the flight.

Earlier this month, an Airbus A380 jet also used an alternative fuel that was converted from synthetic gas to gasoline. The A380 jet is the largest aircraft used for passenger transport in the world.

Many environmentalists say that fossil fuels are not a sustainable source of alternative energy, as their impact will be reflected in the lack of autonomous resources.

One of the four engines of the Virgin’s Boeing 747 was connected to a tank of biological oil that had nothing to do with the aircraft’s fuel supply tanks and which supplied the aircraft with 20% power through one engine. I was doing. If there was a problem, the conventional three-wheeled engine could enable the aircraft to fly. The fossil fuels used in the aircraft were made from fruit and coconut called basu.

The company that manufactures the mix says that the Basu tree is found in Brazil and, in view of the production of Basu or Coconut at present, it can be said that if used as fuel, Will have no effect on food resources.

It is said that oils from both fruits are commonly used for products such as decorative items and household paper-making. However, there is a concern about the use of this fossil oil, which is thought to be frozen at high altitude. GE and Boeing companies are gearing up for the technology needed, but Virgin Atlantic says that within ten years, airlines will be able to rely on plant-based energy for flight.

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