• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

As time progressed, the United State's dependency for foreign oil has tremendously grown and is showing no sign of ceasing anytime soon. You may even say that America is addicted to oil. Our thirst

Extracts from this document...

Introduction

U.S. Oil Dependency By Demarcus Pringle Saginaw Career Complex 2102 Weiss Street Saginaw, Michigan 48602 (989) 399-6150 Five Pages Mrs. Cheri Wilson, Advisor Historical Review The first successful oil well was built by James Miller Williams in North America on a deposit located near the present-day towns of Oil Springs and Petrolia. The Tripp brothers first recognized the beds in 1851. After failing to develop their find, Williams jumped on the chance to purchase the wells. In his first two years, Williams pumped fifteen hundred m� of crude oil. He then began the first integrated oil company; exploring, drilling and refining the oil into finished products. "The Canada Oil Company," he decided to call it. These fields supplied ninety percent of the oil consumed in Canada and Petrolia for the next fifty years. By the turn of the century, it began to slow down. As the Petrolia oil rush hit a plateau and came to a standstill in Canada, those who worked the drills found their skills in high demand around the world to as many as eighty seven countries. Thus, the great oil fields in the Middle East, Gobi Desert, and South America were created. As time progressed, the United State's dependency for foreign oil has tremendously grown and is showing no sign of ceasing anytime soon. ...read more.

Middle

If we are to end our reliance on foreign oil, the result must be abrupt and revolutionary. January 31, 2006, President Bush addressed the state of the union. Energy production was the theme at many of his addresses, but it was time he took a shift. Mr. Bush now spoke of decreased consumption and greater efficiency. He spoke of funding research for clean energy and an alternative vehicle called the hybrid vehicle. "Keeping America competitive requires affordable energy. And here we have a serious problem: America is addicted to oil, which is often imported from unstable parts of the world," said Bush. To remain the dominant country we are today, we must begin to use an alternative vehicle. To thrive once again, we must leave oil behind us and press for the future. Just as Bush, I also feel the best way to break an addiction is through technology. Hybrid vehicles are the future of vehicles, not only in America, but worldwide! Many say we should just use less oil, or produce more of it. But I say we have based our whole lives on a non-renewable resource that may be exhausted in our life time. It's time for a dramatic change. Will it be hard to convert a country to another method of fuel? ...read more.

Conclusion

Hundreds of millions of dollars will be spent on the conversion of the gas stations, but I feel that money should not play an issue because what we are dependent on now will soon come to an end. Though hydrogen does use oil to be produced, it isn't the only way to produce hydrogen; there are many ways. Solar power, nuclear power, and even geo-thermal power, though a large amount of electricity must be used. Despite the advantages of hybrid vehicles, Americans are just not sure about them. Most likely, they will be pushed aside because of improvements in gasoline emissions. The future of hybrid vehicles is uncertain, but one thing is certain. World peaking is going to happen, with our reliance on outside sources for oil production. Our economy is destined for a disaster. It will take a tremendous effort from everyone to change the economy. It will not be instant or automatic. It will take time and will be a slow transition going from one to the other. It is cheaper to just keep getting oil from other countries, but the day is coming and we must be ready. The United States is depending on more outside sources for oil production. It has caused a major rise in fuel costs in the United States. Bush also commented, "By applying the talent and technology of America, this country can dramatically improve our environment, move beyond a petroleum-based economy and make our dependence on Middle Eastern oil a thing of the past. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. Marked by a teacher

    Econmoic Concepts behind the uk oil industry

    5 star(s)

    Capital is of two types, working or circulating capital and fixed capital. Working capital are stocks of raw materials, semi-manufactured and finished goods which are waiting to be sold. In the oil industry this could be crude oil, waiting to be sold to a refinery and/or the refined oil waiting to be sold to a petrol station.

  2. Toyota Motor Company Limited

    What challenges influence Toyota to control operation internationally rather than domestically? It controls operation overseas for several major challenges. Low labour cost: The first reason is low labour cost. It is expensive to employ workers in Japan as it is a developed and industrialised country where people have high salaries and quality of life.

  1. Causes of the Great Depression

    Economists used a yardstick from the Jazz Age to evaluate this 'correction'; the yardstick was the crash of October 1929. The crash of 1929 continues to be a fascinating example of panic in high finance and is still a staple of Economics 101.

  2. Is the Welfare State Desirable?

    They told him that he was not as great as Macbeth; however, his children will be greater than him. When the witches say "Lesser than Macbeth, and greater", Macbeth will have heard that Banquo's children will be greater than him, making him anxious.

  1. Biography of Adam Smith.

    The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own ....

  2. This report will establish the opportunities and threats presented to Sony by the EU ...

    There are many ways in which Sony can find out how to group the EU countries together and this can be done with their similarities because the closer you are to another country the similar you become. One way that Sony could look at the countries and group them together

  1. Liberalization: where it has lead us and where it is headed

    I will add that our investments in India are focused to a substantial extent on such businesses, although not exclusively. Among other things, we have invested in a company called Tracmail. Tracmail provides responses from facilities in India to the flood of e-mails now coming into American companies through the Internet.

  2. world oil market

    The USA has large industries as well as very strong driving culture. To summarise oil reserves are limited, while oil consumption is increasing, this will lead to major problems in the future as we come closer to the time oil production peaks.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work