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Importance of crude oil to the economy
Impact of oil on the economy
Dependence on fossil fuels in America
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In "The Fuel Subsidy We Need," Ricardo Bayon raises multiple valid points based on the disadvantages of oil from fossil fuels, and the advantages of fuel cells. Bayon's introductory paragraph informs the reader of how energy-dependent America is in the world today, which in turn describes the topic of the essay. Bayon brings up the point of oil dependence and consumption in the United States, focusing the topic on a specific type of energy being consumed. "Overall the United States consumes 25 percent of the oil produced in the world each year (Bayon,100)." This quote is utilized to prove America's substantial dependence on oil; therefore proving Bayon's topic and providing him with credibility. By using statistics in the introduction, the author attempts to hook readers into reading the remainder of his essay in order to appreciate his point of view. Bayon's first body paragraph illustrates America's economic vulnerability in order to prove the topic of America's dangerous overdependence on oil. We consume more than our domestic oil supply due to being so oil dependent, and as a result the author indicates Washington D.C. is practically forced to do business with hostile countries for oil. This creates economic vulnerability of the United States to oil price spikes and inflation possibilities. In 2008, "The United States imported 4 million barrels of oil daily, or 1.5 billion barrels yearly from "dangerous or unstable" countries at a cost of about $150 billion per year. (www.americanprogress.org)." These oil prices of $150 billion dollars per year can be decreased if hydrogen fuel cells were in greater use. As a result of the laws of supply and demand, the United States will have no power over the increasing prices o... ... middle of paper ... ...or critic arguments who call the fuel cell plan "science fiction". To the readers, it's apparent that Bayon conducted extensive research and provided readers with logical points to support his initial topic and did not leave any room for opposing argument. Works Cited Behrens, Laurence, and Leonard J. Rosen. "The Fuel Subsidy We Need." Writing and Reading across the Curriculum. Boston: Little, Brown, 1985. 100-01. Print. Bushby, Lisa. "Hydrogen Fuel Cells." : Energy of the Future (EnvironmentalChemistry.com). N.p., 22 Aug. 2006. Web. 04 Sept. 2013. "Oil Dependence Is a Dangerous Habit." AmericanProgress.org. Center for American Progress, 13 Jan. 2010. Web. 04 Sept. 2013. .
There are unexpected aspects of life in the camp depicted in “This Way for the Gas, Ladies and Gentlement” by Tadeusz Borowski. The prisoners were able to make very obvious improvements to their lived in the camp, without reaction by the SS officers; the market was even made with the support of the camp. The prisoners actually hoped for a transport of prisoners, so as to gain some supplies. The true nature of the camp is never forgotten, even in better moments at the camp.
X, Malcolm. "Learning to Read." Rereading America. 9th ed. Boston/NewYork: Bedford/St. Martin's, 2013. 189-97. Print.
To support this claim, Kingsolver offers multiple statistics that the average American consumer would be unaware of. For example, Kingsolver states that “the average food item on a U.S. grocery shelf has traveled farther than most families go on their annual vacations,” which allows her to bring into light the largest and unexpected economic impact of food: Oil (Kingsolver 4). Fossil fuels “were consumed for the food’s transport, refrigeration, and processing,” and Kingsolver later mentions that “synthetic fertilizers, pesticides, and herbicides use oil and natural gas as their starting materials, and in their manufacturing” (Kingsolver 5). Kingsolver then asserts that our dependence on nonrenewable resources, like the scarce rain in Tucson or the foreign fossil fuels used in food production, needs to end because “we are going to run out of them” (Kingsolver 21).
U.S. Government. "2012 World Oil Consumption." Countries. U.S. Energy Information Administration, 2012. Web. 03 Dec. 2013. .
In economics, particularly microeconomics, demand and supply are defined as, “an economic model of price determination in a market” (Ronald 2010). The price of petrol in Australia is rising, but the demand remains the same, due to the fact that fuel is a necessity. As price rises to higher levels, demand would continue to increase, even if the supply may fall. Singapore is identified as a primary supplier ...
Gasoline is one of the many conversation starters anywhere you go. People have different opinions on why gasoline prices are fluctuating at such a rapid pace. Some Americans have chosen a way of thinking towards the prices. Whether it be making up rumors or just plainly trash talking towards our government. You make ask yourself the same questions many economist do, why has the price of oil been dropping so fast? Why now? This a complicated question, but it boils down to the simple economics of supply and demand. Supply and demand means a relationship between how much of a particular product is available and how much of it people want, and especially the way that this affects the level of pricing. Now of course there would be a shortage of gasoline during the summer time when everyone is traveling
Arguments: America is dependent on other nations for their ability to create energy. The United States is the world’s largest consumer of oil, at 18.49 million barrels of oil per day. And it will continue to be that way for the foreseeable future, considering the next largest customer of oil only consumes about 60% of what the U.S. does. This makes the U.S. vulnerable to any instability that may arise in the energy industry. In 2011, the world’s top three oil companies were Saudi Aramco (12%), National Iranian Oil Company (5%), and China National Petroleum Corp (4%).
The United States has had several scares throughout its history in terms of oil, most turn out to be over exaggerations of a small event. However, these scares highlight a massive issue with the U.S. and that issue is the U.S.’s dependence on foreign oil. Why does it matter that our oil should come from over seas? In a healthy economy this probably wouldn’t be as relevant, but the U.S.’s economy is not exactly healthy at the moment. There are 4 things that I would like to address: what the problem is, how it affects us, what some solutions are, and what solutions I feel are best.
...or Powertech and its Colorado land and project manager, urges that its company’s proposal be judged on facts; however, does Douglas have a bias towards Powertech, Would her statement be different if she wasn’t working for them, and is she being neutral. Douglas implies the words “good science”, the word “good” is subjective, and it means different things to different people. “Good” science cannot be pure good; it always has its “bad” aspects linked to it. As a result, “good” science alone can never provide the answers wanted.
Significance: The United States must face the fact that the world is running out of oil and with today’s rising oil prices, economic and political instability in regions where the United States gets the majority of its oil, this country must begin looking into alternative means of energy to replace oil and end our dependence on foreign powers.
Semantically fossil fuels are a renewable source of energy, however given that it takes millions of years for the organic materials to be broken down and converted, it is wholly unrealistic to consider them as renewable. As the demand for fossil fuels increases and source diminish faster than they are replentished, the United States must work towards a renewable energy independent state using truly renable sources, both technically and in practice. With changes in the home, as consumers in buying goods and with alternative fuel sources backed by public trust and governmental involvement, the United States could drastically lessen its dependence on fossil fuels, foreign and domestic.
The U.S dependency on foreign oil presents many negative impacts on the nation’s economy. The cost for crude oil represents about 36% of the U.S balance of payment deficit. (Wright, R. T., & Boorse, D. F. 2011). This does not affect directly the price of gas being paid by consumers, but the money paid circulates in the country’s economy and affects areas such as; the job market and production facilities. (Wright, R. T., & Boorse, D. F. 2011). In addition to the rise in prices, another negative aspect of the U.S dependency on foreign crude oil is the risk of supply disruptions caused by political instability of the Middle East. According to Rebecca Lefton and Daniel J. Weiss in the Article “Oil Dependence Is a Dangerous Habit” in 2010, the U.S imported 4 million barrels of oil a day or 1.5 billion barrels per year from “dangerous or unstable” countries. The prices in which these barrels are being purchased at are still very high, and often lead to conflict between the U.S and Middle Eastern countries. Lefton and Weiss also add that the U.S reliance on oil from countries ...
" Oil is the life blood of our modern industrial society. It fuels the machines and lubricates the wheels of the world’s production. But when that vital resource is out of control, it can destroy marine life and devastate the environment and economy of an entire region…. The plain facts are that the technology of oil-- its extraction, its transport, its refinery and use-- has outpaced laws to control that technology and prevent oil from polluting the environment…" (Max, 1969). Oil in its many forms has become one of the necessities of modern industrial life. Under control, and serving its intended purpose, oil is efficient, versatile, and productive. On the other hand, when oil becomes out of control, it can be one of the most devastating substances in the environment. When spilled in water, it spreads for miles around leaving a black memory behind (Stanley, 1969).
...n. "Twenty Years after the Embargo US Oil Import Dependence and How It Can Be Reduced." Energy Policy 22.6 (1994): 471-85. Print.
Mast, Tom R. Over a Barrel: A Simple Guide to the Oil Shortage. Austin: Hayden, 2005. Print.