Cuban Oil Crisis

In terms of oil dependence, most of the general public believes that the world has enough oil to support us for the next hundred years; in truth we are rapidly depleting our petroleum sources due to the increasing population and demand. In fact, as was initially theorized by the Hubbert Peak Theory in 1950, Earth peaked in oil supplies in 1973 and the largest oil resources that have been discovered since then have been in Venezuela and Saudi Arabia. Here it must be

At the dawn of the twentieth century America’s future looked bright, Industrialization in addition to transforming America had brought with it advances in medicine, science, and technology. Production of everything from food to pharmaceuticals grew at an unprecedented rate throughout the twentieth century. Through the use of fossil fuels the developed world, especially that of the United States was able to sustain larger economies, populations, food surpluses and money surpluses. However when world production of oil peaked in 2005 (Ruppert), meaning the end of cheap, abundant crude oil that had fueled everything for so long. Thus began the recession of 2008, and through our politicians claim it ended in 2009 it remains clear that whenever the economy begins to gain momentum, the increase in fuel use retards its growth, all because the price of oil control our national and global economies. All the while we as Americans continue to live in our oil fantasy thinking the end of cheap oil will never happen and that there shall always be oil.

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

“I know there is a God--and I see a storm coming; If he has a place for me, I believe I am ready,” is the Abraham Lincoln quote, written on a slip of paper, that President John F. Kennedy kept in his pocket (Dobbs 14). And if ever there was a storm coming, it was evident to Kennedy the morning of October 16, 1962: the date Kennedy was made aware of Soviet missiles in Cuba. This was the testing ground, the closest the world has ever been to nuclear war, the Cuban Missile Crisis, 16-28 October, 1962. The future for millions of lives depended upon the ability of United States President John F. Kennedy and Russian Premier Nikita Khrushchev to reach an agreement in which both did not lose face, and more importantly, the world survived.

It is estimated that 1.3 trillion barrels of oil reserve is left in the world’s major fields (Institution of Mechanical Engineers 2015). At present rates of consumption this will be enough oil to last approximately 40 years. By 2040, it is intended for production levels may be down to 15 million barrels per day which is approximately 20% of the amount of oil which is currently being consumed (Institution of Mechanical Engineers 2015). It is likely by the year 2040 that the world’s population will be twice as large (United States Census Bureau 2015). Additionally, it is likely that more of the world will be industrialized and therefore more dependent upon oil.

shouldn’t enter just because their families reside in the country. Hilary, on the other side,

According to Freedomhouse.org, from the 195 countries that had been assessed, forty six percent were rated free, twenty eight percent partly free, and twenty 6 percent not Free. 51 countries have an authoritarian government where the rights of the citizens has been diminished and left in the grasp of the government. All humans have natural rights that should not be squandered by the greediness and cruelty of those in charge. One of the most important questions asked is why some countries are democratic and others authoritarian. During the Cold War, the competition was between capitalism and communism. Since those days, Russia has decided to turn its economic system into a more capitalist structure. Their economy has begun to grow exponentially, which as a result expanded the middle class. The richer the citizens get, the more aware of their surroundings they became. Cuba is a world-renowned oppressive regime under the rule of the Castro family. They dismissed democratic ideology and the free market system, which had been proven successful in other countries. On the opposite side, countries such as Australia provide their citizens with the natural rights they are entitled to. They are a surging capitalist country that has been reaping off the benefits of the open market and private ownership. The main distinction between the two countries of Cuba and Australia is how capitalist the countries are. The degree of their capitalism has a ripple effect on the citizens, which over

The Cuban Embargo is restricting Cuba as a whole from progressing and advancing their technology. They face economic constriction through the embargo, which inhibits them from trading with other countries, cutting off the availability to necessary resources like current medical supplies. The U.S has continued to bully Cuba with the embargo. Even after 50 years, the United States has taken limited action to end the embargo and has attempted to keep Cuba under foot. As their own sovereign state, they have the obligation to make their own decisions as a country rather than live under the blanket control of a nation living with a 50 year-old temper tantrum demanding nothing but democratization.

On February 8th, 1962, president John F. Kennedy placed a trade embargo on Cuba through "Proclamation No. 3447: Embargo on All Trade with Cuba" to "...promote national and hemispheric security by isolating the present Government of Cuba and thereby reducing the threat posed by its alignment with the communist power."

JFK spent several days discussing the Cuban Missle crisis with his advisors. After long and difficult meetings, JFK placed a naval blockade around Cuba. He called this a quarantine to prevent Soviets from bringing in more military supplies. JFK demanded that the missiles be removed and destroyed. No one was sure how the Soviets would react to this blockade and demands made by him. So a deal was made with the Soviets to dismantle the weapon sites in exchange for a pledge from the US not to invade

continents, bring down borders, and recreate a better, safer, wonderful world for many generations to come. Without a world, there will not be any life and without life we have no world.

The Cuban Missile Crisis The Cuban missile crisis was the most dangerous of the Cold War, but

The two main points in Cavaney’s argument for global oil production peaking while still in high demand being a myth are, primarily, that there are still plenty of reserves and that technological advances will extend those reserves further and, secondarily, that society will advance beyond the need before the resource will run out. Cavaney points toward policies, such as price controls and synthetic fuel subsidies, put into place in the 1970s to avoid disaster from oil production losses as pricey government mistakes. The alarm was sounded, yet production continued. Funds were spent inefficiently. Replacements will develop over time and advances will keep the current supply flowing.

The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.

World oil demand is increasing as emerging economies need more energy to increase their living standards. Estimates, shown below, are that by 2030, China and India as emerging markets will import over 70% to 90% of their fossil fuel needs (1) . Coupled to a continued high and growing demand for oil, makes this a robust market for the next 30 years.