Monday, October 20, 2008
Our economic, national, and environmental security is inextricably linked with nonrenewable foreign fossil fuels. In the past 4 years America has spent about $1.9 billion for foreign oil. This is a huge transfer of wealth into other countries' pockets. Although current oil prices are down, oil prices sporadically fluctuate. With an increase in oil prices, jobs decline, spending slows, and corporate profits (except for oil companies) fall. Overall, the economy hurts. If our dependence on oil were to increase in the future, our economy will be at the mercy of foreign oil and prices created by OPEC. We could see our jobs plummeting to a new low. Citizens would be forced to be "un-American" by learning how to conserve more, fuel economy would have to be raised, and alternate transportations would be enforced (bikes have seen a surge in popularity).
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