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Oil Dependence Is Dangerous Thing - Essay Example

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The essay “Oil Dependence Is Dangerous Thing” has raised the pertinent issue of oil dependence as a major element that adversely impacts the environment, promotes security threats and increases the trade deficit. America imports 4 billion barrels of oil per day…
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Oil Dependence Is Dangerous Thing
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 Imports increase the fiscal deficit.
The authors reiterate that America must reduce its dependence on oil and the money saved can be better utilized for improving the domestic economy which is reeling under recessive trend. Besides that, large import from unstable countries increases the cost and demand for oil that benefits these countries. These countries use the money for their own vested interest and not for development purposes. Most often, they are used for financing terrorist activities. Reducing oil consumption would stop funding terrorist activities. At the same time, it would also help preserve and conserve the environment. With fewer climate-related disasters like hurricane Katrina, a huge amount would be saved that could be better used for economic recovery. Thus, America would hugely benefit from reducing oil dependency.
Reference
Lefton, Rebecca, and Weiss, Daniel J. Oil dependence is a dangerous thing. 13 January 2010. http://www.americanprogress.org/issues/2010/01/oil_imports_security.html 26 September 2012. Read More
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