Oil Dependence – Term Paper Example
The United s is said to be the world’s superpower leading the world in global economics. America’s dependence on foreign oil has contributed tothe stifling economy. Such dependence has caused a stiff increase in the price of transportation costs for things such as vehicles and airline tickets, while also impacting the overhead expense for organizations that use oil to energize their power plants. The spike in the cost of foreign oil can be felt economically by both the business sector as well as the average working American.
It won’t be easy for America to detox off of this dependence of foreign oil as the natural resource is needed to power the transportation system. Approximately 70% of all imported oil is used to fuel vehicles, airplanes, buses and other means of transportation. Even though American automotive industries are attempting to manufacture vehicles that would use less or no oil, the breakthrough is years away. Alternative energy sources should continue to be sought and tested to help decrease the crippling dependence on foreign oil.
Some realistic steps that can be taken to help decrease this dependence on foreign oil now are things such as car pooling. Car pooling, the process of multiple individuals sharing a vehicle, would allow less oil to be purchased and consumed. Another step is driving less. Basically if one drives less than they consume less oil. Switching to a battery operated cars, such as hybrids, is another option. Hybrids allows one to drive off a battery for long periods of time.
Big corporations who heavily depend on foreign oil can begin making changes as well. Manufacturers can make the switch to electrical generators or natural gas to power their manufacturing plants. Also, using U.S. coal and nuclear energy are good alternatives instead of foreign oil.
The United States dependence on foreign oil has adversely impacted the economy and contributed to the recession of the country. The average worker felt the economic pain of the sharp increase in petroleum prices, which has remained constant and left them with less disposable income. Manufacturing companies also have felt the increase spiking up their overhead expenses which usually is passed to the customer.