Oil vs. Green Technology: Pitfalls and Promises

We will first look at the United State's roles in the world oil chain in order to more fully understand what the stakes are in this war of dependency. America holds 2% of the world's oil reserves, contributes 8% to the production of oil and consumes a staggering 33% of the total world consumption [3]. This is an amazing amount for just one country alone to consume. If we look at how economics are supposed to work we will find that supply needs to equal demand. Our supply does equal our demand currently, but is largely imported. Right now America is only supplying 8% of the global production, while taking a massive third of the total consumption. Our supply comes almost completely from overseas, meaning that major oil producers, such as Saudi Arabia or Iraq, control a major role in our economy. This is a major weakness to the US as we will have little control over this precious resource and we are at the hands and will of the suppliers. Below is a chart showing the breakdown of America's uses of oil by sector.

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.

Some economists believe total energy independence would reduce the demand for the US dollar, as the oil trade is done is US dollars. Since oil prices are set for the total supply of oil, the global market will decide the price of oil regardless of whether the US imports oil or not. Therefore, to keep the dollar strong we should continue to import oil. However, the U.S Department of Energy claims that although US petroleum production has increased and net imports have decreased oil imports have cost our economy around $116 billion in 2014 and oil price shocks and price manipulation are to blame. The solution the US Dept. of Energy has set out is to developed more advanced and fuel efficient vehicles, and create new energy sources to replace petroleum.

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

America’s dependence on foreign oil has become a huge problem according to T. Boone Pickens, as our intake is not decreasing but increasing. To find a solution Americans must first be informed that,

Since the oil embargo of 1977, there has been an increased awareness of our nation's energy security. As global population and energy consumption rise, the need for a stable energy supply has become a hot topic and a politically volatile issue. As our negative trade balance grows larger by the day, the United States finds itself in a rather precarious position. We are becoming more and more dependent on Middle East oil.

Every single day we drive our cars to work, turn on the lights, and use our computers. All of these things use oil; the gas to drive, plastic in the cars and computers. Almost everything we use has something to do with oil. “The United states uses nearly 400 million gallons of oil every day moving people in automobiles, goods on freight trucks, air travel, rail and transit.”(Sierra Club 1) Many people don’t thing about all the things that we use today that has to use gas. When you fill up your cars gas tank, you’re putting in around 18 to 20 gallons of gas. But add up all the people in the United States and you got an astronomically huge amount of gas. But that’s not even half of what the number is, you still got air planes, trains, and not even included in the number above, the amount of oil used to run oil power plants that are in almost every state in the United States.”Americans send over $1 billion abroad every day to pay for oil.” (Sierra Club 1)Most people don’t get $1 billion in a life time. Yet we are spending $365

America the beautiful, land of the greed and the home of oil. Along with being a major superpower comes an insurmountable thirst for fossil fuels. Imperialist ideals and the corporate oil empire can bring stability and jobs but heavy costs also arise. Numerous solutions have been tried, but without fixing the underlying problem more issues are inevitable. Our over-consumption has an incredible effect on our reliance on foreign oil. OPEC, the Organization of the Oil Producing Countries, has supplied Americans with a constant flow of both oil and jobs. Nevertheless, progression comes with high cost to our environment, in addition to pulling us into international involvements. Increasing the United States’ domestic oil production was just a

The United States needs to continue working toward ending our dependence on foreign oil but it won 't be easy and will take some time. Currently 25% percent of U.S. oil comes from foreign countries, which is on the decline (U.S. Energy Information Administration, n.d). Our

Oil is one of the most important natural resources known to mankind. For most societies in the world, oil is the principal natural resource that fuels their economies. Then why, in this great age of communication and technology, do we need to be concerned about a natural resource like oil? Simple. Nearly 98% of everything you have or do is in some way related to crude oil. Heat for your home, gas for your car, 2 liter plastic bottles for pop, and petroleum jelly are just a few examples of products created from crude oil. The United States has the greatest standard of living in the world, as well as the largest economy. Why? Because we have always tried to maintain control over the supply, as well as price, of oil. Over the last 10 years, the U.S. economy has undergone the largest economic expansion in history and cheap oil has fueled this unprecedented growth. (Faulkner)

The United States is in an energy crisis. We rely almost solely on crude oil for most of our “gasoline” needs, meaning our fuels. The issue with our current reliance on crude oil is, plainly, that it is running out. We don’t currently have enough crude oil production in the US to support our current demand, so we are forced to import oil from overseas. And, we import a lot of it. With a gas demand of roughly 134 billion gallons per year, there exists a large risk relying on a fuel that is unsustainable and imported from overseas. Our country has the capability of greatly reducing our dependence on foreign oil, perhaps to the point where we would not have any need to import oil from overseas. With the use of our own crude oil, natural gas, and other alternative fuels, the United States can become nearly completely self-sustainable in terms of fuels. Moreover, becoming self-sustainable can have an effect of reducing geopolitical tensions particularly with regard to relations in the Middle East, the world’s largest producer and exporter of oil.

“National Security Consequences of United States Oil Dependence” is an article created by an Independent Task Force which emphasizes how in the future the United States can experience severe consequences from using an abundant amount of oil. "For the United States, with 4.6 percent of the world's population using 25 percent of the world's oil, the transition would be especially disruptive" (Task Force 212). The transition they describe is to an economy that relies less on petroleum. This dependence on oil could possibly result in the United States to suffer with economic, and social downfall as the entire country depends on the oil we obtain. One alternative to this oil dependency is to explore all American territory for oil, which involves

In the first place, our need to obtain energy independence has never been as important as it has been in recent years.in source two it states “we are now paying out $25 billion a year for foreign oil. Five years ago we only paid out $3 billion.” This clearly demonstrates how our energy

The world is depended on oil and soon oil will become more valuable than gold and could lead to a worldwide war. Price for oil could soar to above two hundred fifty dollars per barrel. Oil and other fuel cell also cause green house gases which contribute to global warming. China is consuming two times more petroleum than 1996 and India is projected to consume three times the oil it currently does by 2050. Global house gas emission has increased by twenty percent from 2003 to 2006. Energy consumption has increased exponentially throughout the globe. The U.S. department of energy projects energy consumption will increase seventy percent from 2003 to 2030. The world has agreed to reduce emission by twenty five percent before 2020 and by over