US Dependence on Foreign Oil
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The paper discusses how too few resources, together with over-consumption, have led to the possibility of an energy crisis, political problems and economic volatility. The paper then considers the solution and contends that this involves finding more domestic oil and reducing oil consumption.
From the Paper:"From the plastic utensils we use to eat at picnics and company parties to the cars we drive for work and for pleasure to the heat that warms our homes in cold winter months, oil runs the United States of America. But while it may run the United States, it certainly is not cultivated in this country in great abundance. In fact, the United States uses about 25 percent of the world's oil, but contains only three percent of the world's oil reserves (Reducing U.S. Oil Dependence). Thus, the United States is dependant on other countries for one of its most valuable resources. Because many of these countries are in the Middle East, an area known for its wars and volatility, some have been significantly worried about the United State's dependence on foreign oil. The September 11th attacks have made this painfully clear. Having oil interests in Middle Eastern countries could be detrimental to the United States in that war and violence could suddenly make those resources unavailable."
Sample of Sources Used:
- Feldstein, Martin. "Oil Dependence and National Security: A Market-based System for Reducing U.S. Vulnerability." National Bureau of Economic Research. October 2001. 02 December 2008. <http://www.nber.org/feldstein/oil.html>
- "Reducing U.S. Oil Dependence." National Resources Defense Counsel. 3 October 2001. 02 December 2008. <http://www.nrdc.org/air/energy/fensec.asp>
Cite this Cause and Effect Essay:
US Dependence on Foreign Oil (2010, October 21) Retrieved May 11, 2021, from https://www.academon.com/cause-and-effect-essay/us-dependence-on-foreign-oil-144983/
"US Dependence on Foreign Oil" 21 October 2010. Web. 11 May. 2021. <https://www.academon.com/cause-and-effect-essay/us-dependence-on-foreign-oil-144983/>