StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The US Dependency on Crude Oil - Essay Example

Cite this document
Summary
The paper " Letter to the Editor Concerning the US Dependency on Crude Oil" highlights that the market price of crude oil would not be so high if the demand for it was not as high. The average home in the United States spends 6,000 kilowatts of electricity…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
The US Dependency on Crude Oil
Read Text Preview

Extract of sample "The US Dependency on Crude Oil"

Download file to see previous pages

There are several constraints that are making it difficult for society to switch to renewable energy sources. One of the biggest obstacles is that there is an electricity grid infrastructure based on petroleum that is worth billions of dollars. Neither the federal, state nor local governments are providing adequate incentives to foster the growth in alternative energy sources. The government has to be the number one supporter of the green movement for energy to become economically viable for home users.

A lot of people are not willing to invest in a windmill or solar panels because it is cheaper to acquire electricity from the utility companies. There are several solutions that can help remedy the situation, but all stars through education. The government and private sector have to improve the public relations and advertisement to create awareness to the general public about the subject. The use of radio, television, and internet announcements must be used to ensure the greatest number of people receive the message.

Internet advertising is a hot trend that has gained popularity in the marketing world. In 2012 the online advertising industry generated $89.4 billion worldwide (Plunkettresearchonline). Educating the general public about the subject will go a long toward gaining the support of the people. Two alternative renewable energies that households can utilize to get off the grid are solar and wind power energy. The government has to create incentive programs that provide a subsidy in the purchase of the technology.

The subsidy has to be large enough to offset the lower cost of getting energy from the grid. The government has also provided a helping hand to set up setting up a larger fund to be used for research and development in research to develop new renewable energy options. The private world also has to be involved in the movement towards been stopping the dependency on fossil fuels. Corporations have more financial resources than households which makes it easier to form them to spend the necessary money to invest in solar and wind energy on a large scale.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(The US Dependency on Crude Oil Essay Example | Topics and Well Written Essays - 750 words, n.d.)
The US Dependency on Crude Oil Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/environmental-studies/1452747-letter-to-the-editor
(The US Dependency on Crude Oil Essay Example | Topics and Well Written Essays - 750 Words)
The US Dependency on Crude Oil Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/environmental-studies/1452747-letter-to-the-editor.
“The US Dependency on Crude Oil Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/environmental-studies/1452747-letter-to-the-editor.
  • Cited: 0 times

CHECK THESE SAMPLES OF The US Dependency on Crude Oil

The Indigenous Social Movements in Crude Chronicles

This review presents the book “Crude Chronicles: Indigenous Politics, Multinational oil, and Neoliberalism in Ecuador” that is an attempt to bring the latest objects of analysis into the domain of anthropological.... hellip; Suzanna Sawyer reports how a grassroots organization, the Organization of Indigenous Peoples of Pastaza (OPIP), confronted multinational companies that wanted to drill for oil in their region.... Ecuador is the third largest supplier of oil to the western United States....
7 Pages (1750 words) Book Report/Review

Rising Oil Prices: Benefits Amidst Rapid Fuel Inflations

Nandia Mongia (2008) reports that crude oil prices have increased in the world market from 22 U.... The author shows how rising oil prices contributed beneficially to some areas like the environment, road congestion, and energy conservation.... nbsp; … The rising oil prices do not affect the world economy in a macroeconomic stance but the negative impacts are experienced by the less developed, oil-dependent economies including the low-income households....
5 Pages (1250 words) Research Paper

Political Economy of Oil

Since supply side of equation plays a crucial role in stabilty of oil markets, the countries producing oil have been trying to stabilize the price of crude oil through production policy.... There is an increasing trend in demand for crude oil because consumption is greater than the supply.... oil is considered a source of energy that has turned out to be the essential part of our economy.... Demand for oil is increasing as we are persistently using this valuable resource....
11 Pages (2750 words) Essay

Relationship Between Crude Oil And Natural Gas Prices

This paper examines the relationship between crude oil and natural gas prices.... The paper tests data from 1985-2000 using regression analysis to substantiate the relationship between the two commodities and further throws light on the reasons for deviation of natural gas prices from crude oil prices.... hellip; Factors affecting demand and supply of crude oil and natural gas have also been discussed. According to economics theory, there is deemed to be a relationship between natural gas and crude oil prices....
20 Pages (5000 words) Essay

Implication of Crude Price Differntials to Oil Producing Countries

crude oil prices rose substantially during 2003-2005.... What exactly are the factors that cause such huge price differentials Only the quality factors cause price differentials; or the demand and supply pattern of the crude oil to the world market also has a say in determining the price differentials.... This study paper attempts to have a critical analysis of the various factors that contribute to the price differentials in the crude oil.... Unless refined, crude oil is of little use to the final petroleum product users....
19 Pages (4750 words) Essay

US Foriegn Dependancy for Oil

hellip; The United States' dependency on oil has become more of a threat than a benefit, with some of these foreign countries threatening to cut the United States from their oil supply unless other needs are met (Klare, 2010).... According to this paper, for decades, the United States has depended on foreign aid for oil imports, putting the country in a state of unwavering dependency with other countries and nations.... Tensions have begun to increase as the United States requires more oil....
9 Pages (2250 words) Term Paper

Corn as a Biofuel

he United States of America is the largest consumer of crude oil and the third largest producer.... In statistical terms, USA produces around 10% of the global crude oil and consumes 24% of the same.... million barrels of crude oil per day.... A careful consideration of this situation clearly indicates a demand-supply gap that needs to be filled with the import of crude oil.... mong the total import of crude oil, the Western Hemisphere constitutes 51% of the total import....
7 Pages (1750 words) Research Paper

Oil Refineries and their Role in the Modern World

hellip; Petroleum is extracted from crude oil through a process of Refining which has two major branches of separation processes and conversion processes (Shell, 2014).... Oil refining allows for the conversion and purification of crude oil by manipulating and changing the shape of its hydro-carbon bonds to provide new and useful products.... The first oil refinery designed to produce kerosene from crude oil was put up in 1862, kerosene was the more efficient alternative to crude oil at the time and provided the engines with a greater source of energy....
10 Pages (2500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us