Is there any solution to oil crisis? If yes, then what it is. The answer is yes-Carbon Fiber. The next question which arises is that what is carbon fiber and how will it solve the oil crisis problem? There are major factor which are responsible for the rising oil prices. The biggest factor is demand, which is never going to come down. So the only way to control this oil crisis is to look for a solution. And the answer for this is Carbon fiber.