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The Foreign Oil Crisis

If we go into a crisis and a source of foreign oil becomes depleted the military would be in trouble. If our military falls then our economy would fall as well. America has a reputation of being a strong military country. Without our response time living up to standards our nations would not have faith in us. "Imports depend on availability." (Source 1) Why not reduce the waste of oil own oil to save up and not give the other countries the options of taking oil. Native relations may be severed but oil is a huge thing we should be stable in to better or economy. Oil shortages signal potential problems for many Americans. " Military is just one type of public subsidy that benefits the oil industry and keeps the price at gas stations artificially low" This quote means that military spending affects every human in the nation not just the military. It affects the decisions the president makes and the families of those who distribute the expenses. People may think that foreign oil isn't a problem, that it doesn't affect them. But little do they know that it does. The more the military buys the more wasteful we become. By having our own supply of oil our military reaction time will be reliable. With a stable military our economies gas prices will be lowered. With gas prices being lowered this will ensure to a abundance of public transportation opportunities which will show its own in how to make foreign oil dependence not so dependent.
             Transportation has become a luxury for close to all Americans and people worldwide. By using their own source of transportation. Believe it or not public transportation is the key to getting out of our foreign oil crisis. When we have perfectly good public transportation around us we should take advantage of that and if we don't gas prices would continue to go up and not stable. Does this sound like a ultimatum? Well it may seem odd but if you think about it we should use the public transportation more.


Essays Related to The Foreign Oil Crisis

1. Oil Deregulation Law

WHAT ARE THE EFFECTS OF OIL DEREGULATION IN THE PHILIPPINE ECONOMY INTRODUCTION: The Philippines is presently having serious concerns with the effects brought by Oil Deregulation Law.1 As the fact that it permits oil companies to freely adjust their oil prices that led to the increase of other basic commodities and resulted to economic crisis as people defined.2 The underprivileged Filipinos are primarily affected of these concerns for the reason that it makes their budget tighter than before.3 Everybody blamed it to oil deregulation law, and as a result they create massive rallies aga...

  • Word Count: 2397
  • Approx Pages: 10
  • Has Bibliography
  • Grade Level: High School

2. Energy Policy

Energy Policy A national energy policy is needed to help secure new energy sources, supply lines to customers, avoid outages, encourage conservation, reduce dependence on foreign oil, insure stable prices, and prevent an energy crisis from occurring. ... Is there a real "energy Crisis" in America? ... Most people probably don't realize that our government does not finance oil and gas drilling. ... To me, it would be no big secret to consult with those in industry to help solve this "energy Crisis". ... Cheney, since both had ties to the oil business. ...

  • Word Count: 596
  • Approx Pages: 2
  • Grade Level: Undergraduate

3. Economic Diversification in the Non-Oil Sector

Its strategic location ranges from southern approaches to Strait of Hormuz, the transit point for world's crude oil. ... UAE's economic condition before and after the discovery of the oil has changed a lot. The aspects which has also been covered in this project are the UAE's foreign economic relation. ... Considering the strength of UAE real GDP growth to 5.2 percent in 2013, driven by the expansion in non-oil sector, strong momentum existed in 2014, as the real GDP growth forecasted at 4.3 percent according to the latest IMF World Economic Outlook amidst a sound non-oil sector...

  • Word Count: 1135
  • Approx Pages: 5
  • Grade Level: Undergraduate

4. Korean Economic

External factor was added to internal problem, which included the second oil shock and soaring world interest rates. ... The crisis of 1997-98 has occurred followed by Thailand and Indonesia's crisis. ... There are several reasons for that- the buildup in short-term debt and foreign currency exposure, a highly leveraged Corporate Sector. ... Prior to the crisis, the strong macroeconomic performance and stability of exchange rate and other factors, for instance, the stable inflation rate may have led both borrowers and lenders to underestimate the risk of Korea's foreign currency expo...

  • Word Count: 1251
  • Approx Pages: 5
  • Has Bibliography

5. Venezuela and Political Oil

Some of these oil concessions were given to some of Gomez's friends, in which they turned around and aligned themselves with foreign oil companies that would be able to make use of such concessions. ... These discoveries lead to the massive influx of foreign oil companies into Venezuela. ... In what led to the oil crisis of 1973, Middle Eastern countries attempted to raise prices to certain countries (like United States and an oil embargo on Israel). ... Gomez was actually successful in lowering the national debt owed to other countries by granting oil discounts to foreign oil companies...

  • Word Count: 2251
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

6. Iraq Crisis

The Iraq Crisis Is the war in Iraq really necessery? ... For some, oil is the real motivation behind the United States" push to change Iraqi president Saddam Hussein's regime. It is estimated that Iraq hold 14 percent of the entire world's oil supply. Iraq sits on 120 billion barrels of proven oil reserves, second after Saudi Arabia's 260 billion. ... The way out of the Iraq morass, proposing a bold and innovative solutio to the current crisis. ...

  • Word Count: 800
  • Approx Pages: 3

7. Jimmy Carter

Carter also faced an energy crisis. The OPEC nations raised prices on oil and lowered the amount of oil that the U.S. could buy because of the U.S. supporting Israel. Carter asked congress to lower the countries oil and gas use, tax cuts for people who used less oil, and higher taxes on gas guzzling cars. ... Carter was also successful in foreign affairs. ... Overall Carter was extremely successful with his foreign policy. ...

  • Word Count: 640
  • Approx Pages: 3
  • Grade Level: High School

8. Should America Participate in Foreign Wars or Affairs

Should America Participate in Foreign Wars or Affairs Since the beginning of time war has been a part of everyone's life. ... In this paper I will try to give support to my theory why America should fight in foreign wars for less powerful countries or should we let them worry about it? ... Even though the exiles were crushed by Castro's forces a major crisis did not come up until about a year later with the Cuban missile crisis. ... It also made oil prices in the U.S. skyrocket as Iraqi soldiers set fire to most of Kuwait's oil wells being that Kuwait was one of the world&#...

  • Word Count: 750
  • Approx Pages: 3
  • Has Bibliography
  • Grade Level: High School

9. Kuwait and the Al-Sabah Family

I am writing to examine whether this oil is the basis for stability in Kuwait. ... The emir cited "deteriorating conditions" amid the corruption crisis. ... On a legislative note, several laws have been instated into Kuwaiti constitution regarding the role of Kuwaiti citizens in the private sphere even within foreign companies. As Al-Dekhayel explains: "There came a decree, then, that all foreign firms must have Kuwaiti partners in order to operate in the country. ... From a political perspective, foreign affairs hugely affect Kuwait due to its complex demographic. ...

  • Word Count: 1849
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: Undergraduate

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