Oil

Paper Summary:

This paper begins with a discussion on America's demand for oil, at any cost, to produce energy. It includes schematic representation to qualify points made. It continues to explore the correlation between America's foreign relations and its need for oil. The author also expands on the importance on planning for a replacement of oil and securing oil supply for the future.

Table of Contents:
Introduction
Oil Supplies and Foreign Relations
Securing Future Energy Requirements
Conclusions
Bibliography

From the Paper:

"Environmental concerns, high cost of domestically produced oil does not promise huge oil increases from domestic resources. But US will have continued access to international market. Rehabilitation of Libya in international community will allow US to import oil from this desperate for cash country. Even Russia has offered to sell Oil to America. The present panic in the oil markets is due to the uncertain political situation. It seems very likely that as soon as this crisis is over we will perhaps once again discard our search for increased domestic supplies and go back to the business as usual of relying on cheap supplies from the Gulf."

Sample of Sources Used:

• Claes, D. H., The Politics of Oil-Producer Cooperation, 2000, Westview Press, Boulder, CO
• Cleveland, C. J. and Kaufman, R.K., Why the Bush Oil (Energy) Policy Will Fail, retrieved from Internet on 26 November 2005, http://www.oilcrisis.com/Cleveland/bushpolicy.htm
• Dreyfuss, R., The thirty Years Itch, Mother Jones (Magazine), retrieved from Internet on 26 November 2005, http://www.motherjones.com/news/feature/2003/03/ma_273_01.html
• Energy Information Administration (EIA), United States Country Analysis Brief, January 2005, retrieved from Internet on 26 November 2005, http://www.eia.doe.gov/emeu/cabs/contents.html
• Ethanol as Fuel, comments, retrieved from Internet on 26 November 2005, http://www.osti.gov/energycitations/product.biblio.jsp?osti_id=5954282

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• Term Paper # 94295 : "The Oil Industry"

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