Monday, October 20, 2008

at 6:04 PM Posted by Kevin

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). 


National security will be at a threat because as countries industrialize, more oil in consumed. America will have to compete with other countries for oil. America only has 3% of oil reserves. It is said that global oil production would have to expand by 50% to meet the demands of other countries by 2025

Global warming is not breaking news. As our dependence on nonrenewable resources increases, we will hurdle ourselves into greater environmental uncertainty. I believe we will witness greater hurricanes and other storms, polar ice-caps will continue to melt and sea levels will rise, other effects of global warming will see an overall increase. 
We need to act now to hinder the growing threat foreign oil has on our economy, national security, and environmental safety. 

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