Bp Pestle Analysis

Senator Everett Dirksen once noted “The oilcan is mightier than the sword”. In today’s world, it is easy to see why oil can be considered the most important resource to hold. Without oil, many of the common day occurrences we take for granted would be impossible. Oil is used for almost everything; from the fuel used to drive our vehicles, to the plastics used in every facet of life, and providing the heat needed to live through the winter. In fact, the United States depends so much on oil that as a nation it uses over 20 million barrels a day. Importing oil increases the total costs because of the need to transport it from around the world. It is estimated

With gas prices on a slow rise it is no surprise that the United States has a huge dependency on oil. In a recent statistic from the US Energy Information Administration stated that in 2012 alone roughly 10.6 million barrels of petroleum were imported into the US daily. Most recently BP was accused of spilling approximately 470 to 1228 gallons of oil. And in recent past the major oil spill with in the Gulf of Mexico which occurred in 2010 that is by many is considered to be the worst oil spill in US history. An estimated 4.9 million barrels of oil was leaked into the Gulf coast. Being detrimental to not only wildlife but also has a huge impact on the planets general population as well. Most if not all forms of transportation with a large portion being cars run on oil and little alternatives to what can be used as a substitute. With such a high dependency on oil as well as being a high risk factor why hasn’t the US looked to other forms of energy that are both clean and efficient? Many countries have found alternative ways to supply energy. Most notably Sweden, in which in later years has been noted to actually import waste to use for their energy. If a viable energy alternative is not implemented then dependency on oil may inevitably deteriorate the infrastructure in which this country is operated upon as well as consequently negatively affect natural resources and wildlife to a point in which it will be near impossible to rehabilitate.

The consumption of the oil cause changes in the supply and demand. The United States produces 11 million barrels of oil every day. We are one of the biggest countries to have a big influence on the production and prices of the oil. The basic supply and demand theory explains that the if a product is produced more, the cheaper it should sell. If a country were to double the output of oil day, prices would fall and the Production is high, but the distribution of oil isn’t keeping up with the market. The United States builds an average of one oil refinery per 10 years. This is a net loss due to the fact construction has slowed down since 1970s. Since 1970s, the United States has 8 less oil refineries today. The reason why we are not oversupplied with cheap oil is because of the other countries’ higher net margin and the only operate at 62% of their capacity. Excess capacity is only there to meet future demand. With demand moving accordingly, oil prices will continue to be set mostly by the market — despite external players’ best efforts. (McFarlane)

Every external factor exhibits an open door or risk that the business must address through vital activity. As one of the main five players in the worldwide car industry, Ford guarantees that it addresses the issues in its PESTLE analysis. These issues are an immediate determinant of the hierarchical advancement direction of Ford.

     For a drug addict to quit a drug, the best solutions for the addict would be to slowly wean them self off the drug periodically. America can be viewed in a parallel way on its dependency for oil. America needs another source of oil to slowly lessen its overwhelming dependency on foreign oil and to help the process of finding another mass energy source. The Arctic National Wildlife Refuge better known as the ANWR is a rich treasure of oil and gas that can help lessen Americas need for foreign resources. Drilling on the ANWR will not only help the American economy, but will also help aid America in the future.

The U.S. should invest in alternatives to oil, and drill on the United States grounds because it will assist the economy, preserve energy and fix the world’s environmental problems. The supply and demand for oil is always on the rise, and problems are contemplated with the use for oil. Those problems are starting to catch up to the modern world, and something needs to change before the world enters a black out. Experts can predict that there is estimated to be somewhere around 61 years of oil left for us to use at our current rate. The demand for oil is always rising. People in today’s modern society rely so heavily on oil, that they would not know what to expect if it

The “U.S. became the world’s top producer of petroleum and natural gas” in 2013 (Energy Infrastructure). “Capital spending in the infrastructure that moves and transforms oil and gas into everyday products … has increased by 60 percent between 2010 and 2013” (Energy Infrastructure). The rise to become the top producer has led to the decrease in “U.S. oil import dependence” and the “rise of U.S. product exports” (U.S. Oil Import Dependence). The increased exportation of oil and gas by the U.S. has allowed both of these products to become large moneymakers for the United States. Although we will probably never “completely eliminate our need” for oil, we can reduce our petroleum consumption and the damage we inflict on the environment (Reduce Oil Dependence Costs). By decreasing the “dependence on oil” in new vehicles, there has been a

Currently, the United States is the largest importer of crude oil in the world, while it is only the 3rd largest producer. In 2013, while we imported 7.7 million barrels of oil a day, we only produced 7.5 million (Dakota Access). It is critical that we produce more and import less so we can be more self-sufficient in energy production and focus on our country’s economy, to benefit the American people.

It is easy to point out that prior to 1979 the US government should have done more to avoid such a heavy reliance on foreign oil. Fiscal policy, for years, was not properly structured to enable energy independence. During the Carter years, policies regarding energy use reduction primarily involved lowering the legal highway speed limit and by encouraging people to use less energy to cool and heat their buildings. Carter’s proposals for a broader energy program were constantly rejected by Congress.

In the year 2013, according to the U.S. Energy Information Administration, the United States consumed a staggering 6.89 billion barrels of oil (U.S.EIA). Which in fact, equates to 18.89 million barrels being consumed every single day. That is a vast amount of petroleum products being consumed on a daily national level. If the calculation is made, based on a barrel equaling forty two gallons, it would come out to 289,583,700,000 gallons per year, or 793,380,000 gallons per day. The amount is incredible, almost unbelievable. If the United States continues its use of oil at this rate, the supply will only last another forty years. With more and more cars being on the road and operating machinery performing tasks, the supply of petroleum will not be able to meet demand forever. As our use of fossil fuels increases, so does our need for a new source of renewable energy.

The excessive use of oil in the United States has been a very controversial debate with American experts and scientists. In his article “How America Can Free Itself of Oil-Profitability,” Amory Lovins addresses the many different issues associated with excessive oil consumption and the risks versus the benefits. Amory Lovins is a physicist, environmental scientist, writer, and Chairman/Chief Scientist of the Rocky Mountain Institute. He has written numerous research articles arguing for the use of renewable energy and alternatives for oil. Lovins also regularly gives presentations to other environmentalists discussing the pros and cons of oil consumption. It is clear that his target audience is the demographic of academics, scientists,

America must wean itself off of dependence on foreign oil, and one valid solution to this problem is offshore oil drilling and production. America’s economy is heavily based on petroleum, as though it is the nation’s blood; a necessity for survival. About 25% of oil produced in the U.S. comes from offshore rigs. Most of the U.S. coastline has been off limits for oil drilling since the early 1980s. Due to environmental concerns after an oil spill off the coast of California in 1969, an offshore drilling moratorium was imposed. Since then, the U.S. has amplified its energy consumption to where it uses nearly 25% of the world's oil. Meanwhile, the U.S. produces about 10% of the world's oil. That has made the U.S. heavily reliant on imported

In Mr. Siemiesz’s chapter he explained about the National Security Consequences of U.S Oil Dependence and how it could be fixed and changed for the best interest of the country; Mr. Siemiesz outlined specific points or steps the country could take to make those changes he outlined in the chapter. “Those major energy suppliers from Russia to Iraq to Venezuela have been increasingly able and willing to use their resources to pressure their strategic and political objectives. That these country’s are consuming less oil less then all of the other countries especially the United States. The Fact is that the U.S. makes up to

The Importance of Oil in U.S. Foreign Policy During the oil and energy crisis of the mid-1970s Americans became painfully aware of the consequences of the United States dependence on foreign sources of oil. Unfortunately, research and exploration for alternative sources of oil in North America has not been pursued vigorously enough to cease such foreign dependence. As a result, in the mid-1990s Americans find themselves in the same precarious position as they were during the 1970s. The Persian-Gulf War in 1991 was all the proof needed to convince the United States of how strongly oil still influences our foreign policy and international relations in general. Oil and U.S. Foreign Policy: Historical Issues The United

The U.S. Energy Information Administration (2015) reports that the United States consumed approximately 19.4 million barrels of petroleum products daily, which calculated to an overall total of 7.08 billion barrels by the end of 2015 (para. 2). The United States population consumes a huge quantity of oil alone, in addition to all of the other fossil fuels that it also greatly depends on. Fossil fuels are a natural resource that is in limited supply, and they provide an efficient and consistent supply of power to communities all over the planet. Many people are pleased with the short-term advantages these