Feature Article:

How to Install Neon & LED Interior Car Lights
Our team of dedicated Market & Product Researchers from All-Neon-Car-Lights.com, and including myself, have spent an enormous amount of time & money installing interior car lights & under car kits from a variety of manufacturers onto our test...
...Read More

The U.S. Dependence on Foreign Oil

Additional Reading

In late 2004, the Hudson Institute conducted a survey with the following results:

75% of Americans prioritized "reducing our reliance on foreign oil" over "cheaper prices for oil and gas."
83% of Americans agreed that "reducing our dependence on foreign oil must be a top priority for the next administration."
91% of Americans concurred that "when it comes to energy, we need an America that relies on its own ingenuity and innovation-not the Saudi royal family."
How much oil we depend on from foreign sources affects our economy and our national security. Today, we import more than half of the oil we use, and it will increase as we use up domestic resources. The majority (65% to 75%) of the world's oil reserves are in the Middle East and are controlled by the OPEC oil cartel. The U.S. depends on oil for most of its transportation needs--up to 95%. Until alternative energy vehicles start becoming more commonplace, our dependence on foreign oil will only grow.

In the past, dependence on oil has cost our economy dearly. Oil price shocks and manipulation by OPEC between 1979 to 2000 cost the U.S. around $7 trillion, nearly as much as was spent on national defense over the same period and more than the interest payments on the U.S. national debt. An economic recession resulted from each major price shock, so with increasing dependence on OPEC oil, continued price shocks will continue to cost the U.S. economy.

In late 2004, oil prices charged toward $50 a barrel as hurricanes slowed petroleum output from the Gulf of Mexico and rebels threatened Nigerian oil facilities. Not only did that create a surge in gas prices at the pump, but increased the dependence of the U.S. on oil from the middle East. "Higher oil prices could trigger a global recession," according to Purnomo Yusgiantoro, President of OPEC. Analysts reported surging demands from a booming Chinese economy as the cause of putting global demand only slightly below global supply. Most OPEC nations are already producing at full capacities.

All the oil beneath the surface of the earth formed in more than 200 million years, yet in 200 years half of it has been consumed. At that rate, remaining oil resources would be depleted in 40 years. We would still have other fossil fuels like coal, shale oil, tar sands and natural gas. Currently, many of these energy resources are too costly to use, and their conversion to transportation fuels for use in alternative energy vehicles would produce harm to the environment. Investigation is ongoing to find new fuels to develop economically and without environmental damage.

Ultimately, the solution to our dependence on oil lies in our technological progress in developing alternative energy vehicles that are more environmentally friendly and use energy more efficiently. Research continues to find or create new energy sources to replace petroleum cleanly and inexpensively. As people embrace hybrid cars and other alternative fuel vehicles by asking for and purchasing them, automakers will be encouraged to produce more energy efficient, clean cars and to continue their technical advancements.

© 2004 AllAboutHybridCars.com. Any reproduction of this article in any manner is prohibited without the consent of AllAboutHybridCars.com. We give permission to use this article on your website or e-zine if you reproduce it exactly as it appears here including this notice. Visit www.AllAboutHybridCars.com/eBook.htm to order your FREE report, "7 Critical Facts Everyone should Know Before Buying a Hybrid Car."

About the Author

Andrea Susan Glass, founder of WritersWay and All About Hybrid Cars, helps clients reach their writing and marketing goals with effective articles, press releases, newsletters, Web site copy, eBooks and books. An award-winning author for "Street Smart Secrets to Auto Care You Can Trust," she has written books, eBooks and articles on subjects ranging from animals and auto repair to singles and spirituality.


More Reading:

New Car Launches in India in 2005

The Car Insurance Rate Calculation Explained

Motorcycle Parts And A Good Helmet

Car Insurance No Claims Bonus Explained

Top 5 Factors Determining Your Car Insurance Rate

TIRES SIZES Learn what they mean

Protect Your Cars Interior from Winter Grime

Add on Accessories To Enhance Your Car

Making Sure Your Car is as Safe as Possible

Maximize Your Fuel Efficience

How Your Auto Insurance Rates Are Determined
Your auto insurance rates are determined by a number of factors: driving record usage, how you are using the vehicle, work, pleasure, business how many drivers you have and their ages how many vehicles you have what...
...Read More

Kawasaki Motorcycles And Motorcycle Parts
Time and time again Kawasaki has given the world world-class motorcycles. They are absolutely passionate about motorcycles. If high performance sports bikes are what you love then Kawasaki offers the best to you. Worlds top motorcycle magazine...
...Read More

Just One Hour of Work Will Protect Your Car for up to Five Years
(ARA) - How many picture-perfect autumn days have you spent washing and waxing your car or truck in anticipation of harsh winter weather. As you were rubbing the last bit of wax off the car, did the thought “there has to be a better way” cross...
...Read More

Add-on Accessories To Enhance Your Car
There are many add-on devices and gizmos for cars that can provide features to make your ride better. There are accessories that will give you music that is more to your liking. A gps with maps can display the route to take to your chosen...
...Read More

Types of Auto Insurance Coverage Explained
A question you might ask yourself is: why must we carry auto insurance? Hopefully one answer you should hear is to protect yourself and your car. For those same reasons the government also requires you to have car insurance. The state of Florida...
...Read More