Preview

The Pros Of America's Oil Consumption

Satisfactory Essays
Open Document
Open Document
113 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Pros Of America's Oil Consumption
Thanks to modern technology and scientific progress, which is easy to take advantage of unconventional oil, America now has become a major exporter of petroleum products in the world they are issued naphtha, diesel and gasoline for Latin America, Europe and Asia. The outcome of currently imported oil dropped dramatically exceeded all expectations.

It encouraged an abundance of natural gas production in America on the phasing out of coal in some places, power generation and the burning of fuel oil, which contributed to the lifting of the export larger quantities of it to Asia. It also grows rapidly consumption of natural gas as a fuel for transportation, which will reduce America's oil

You May Also Find These Documents Helpful

  • Good Essays

    During the World War II, the fossil fuels played an important role in the battle because all the participants in the war needed combustible; therefore, countries as Venezuela and Norway started to export petroleum to the countries that were in the dispute. Subsequently, all the countries’ economy started to revolve around petroleum, and some of them began to build a monopoly in oil becoming in world power nations. But not all the countries were benefited from that, for example, in the actually Venezuela is suffering one of the biggest economic recessions due to the dependency of petroleum in its economy. According to Arturo Uslar Pietri in his article “Sowing the Oil,” the only profitable use of the petroleum’s incomes is investing them in other technologies, which could be alternative fuels, and other economic sector as tourism and agriculture. Also, Arturo Uslar Pietri claimed that basing the world economy in oil would create a monopoly and enrichments of only a few countries meanwhile others will fall in depression and impoverishment. The development of alternative fuels will create a new and equal market for the world that will increase each one’s economy without depend in one non-renewable source, as the petroleum, and it will create sufficient jobs for those who are working on the petroleum industry and those who are…

    • 1021 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Lots of goods were being produced by the United States. Factories were being built and many people were becoming rich because…

    • 843 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The petroleum and Coal mine, start appearing at cars, ships, and plane, etc. This promoted the transportation development of the America.…

    • 546 Words
    • 3 Pages
    Good Essays
  • Good Essays

    New power sources of electricity in addition to newly developed resources like steel and petroleum, increased production to unbelievable levels in factories (Longley). These inventions developed the United States by making life easier for Americans. Industries flourished and expanded across the country. “The expansion of the steel industry led to a boom of construction, like railways and building structures” (Richmond Vale Academy). “The expansion of the oil industry led to the development of new processes for extracting and refining oil, which in turn made it possible to produce a wide range of new products such as gasoline, kerosene, and asphalt” (Richmond Vale Academy).…

    • 420 Words
    • 2 Pages
    Good Essays
  • Good Essays

    America in the 1920s

    • 762 Words
    • 4 Pages

    From an economic point of view, the USA entered an era of unparalleled prosperity. The most of it was due to increase in productivity as a result of technological innovation. The electricity industry was becoming more successful because the electricity consumption more than doubled during the decade as electrical appliances came into general use. What benefited more the American economy was the invention of the car by Henry Ford. By 1925 he was producing a car every ten seconds, by 1929 there was one car for every five Americans. The working conditions were improving too: hours of work declined, wages substantially increased and the unemployment rate fell.…

    • 762 Words
    • 4 Pages
    Good Essays
  • Good Essays

    There were a lot of inventions and ideas that contributed to the technology and industrial growth, such as the creation of electricity, expanding transportation, and industrialization. In the end, we met our goal of expanding businesses and improving technology. American society was forever changed. They both continue to grow at an amazing rate. Today, our lives would be very different if this never…

    • 394 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The Oil Pollution Act (OPA) 90 is an act of the Congress enforced in response to the Exxon Valdez incident of Good Friday 1989. The accident involved Exxon Valdez which spilled more than 11 million gallons of crude oil into Prince William Sound. It emerged from the incident that the country lacked sufficient resources to counter cases of oil spills. The country’s facility entrusted with the role of responding to cases of maritime oil pollution was the United States Coast of Guard. However, the agency was incapacitated to effectively execute its role due to insufficient funding from the Federal, State, and local authorities.…

    • 1761 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Most Americans have no idea that the United States is sitting on enough recoverable oil to power us for the next 250 years at our current usage rate... The United States is estimated to have 1.4 trillion barrels of oil—or 1.7 trillion, if the resources of Canada and Mexico are counted. There aren't many options for quick relief from high prices at the pump, but it is very obvious the sooner we free ourselves from the shackles of oil dependence – foreign and domestic – the sooner we will be free of oil industry profiteering and political pandering.…

    • 723 Words
    • 3 Pages
    Good Essays
  • Good Essays

    New advantages in natural resources in the United States brought striking transitions in the economic stance of the nation and developed into distinct eras. The coal era of the 18th century was marked by the usage of coal as a main source of energy, heat, and transportation. The 19th century brought the advantages of oil in transportation and heating and its integral fuse into daily life as well, but also new cultural aspects. The 18th and 19th century were drastically contrasting eras of social and political evolvement but comparable in the successive mentality of economic expansion.…

    • 663 Words
    • 2 Pages
    Good Essays
  • Good Essays

    One common practice that America has been using a lot of is drilling and fracking. Drilling in America is something that has been done for years. Finding and using oil has been part of what has made America grow in strength and in resources. And while the country currently isn’t completely energy independent it is a goal of the country to produce more oil than is imported. Oil is one of the main contributors of CO2 into the atmosphere. It pollutes the air and is used for almost everything. It is used to power vehicles and it is used to fuel the transport of other fossil fuels and resources. Food is made with the power oil provides by powering the equipment that grows crops. The crops then need to be transported wherever it needs to…

    • 147 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    To Drill or Not to Drill

    • 550 Words
    • 3 Pages

    Over the past 40 years, investment decisions have been made by the United States based on such events that have affected the oil industry. The recent increase of oil prices has affected the economy negatively. In the 1970’s, oil prices stayed around $20 a barrel. In 1946, the average cost for a barrel of oil was around $1.60 compared to $96.80 in 2008. (Williams, 2008) The change in the US dollar is another cause for the fluctuating prices in oil demand. The need and demand for oil is leaving us dependent on other countries such as Libya, Nigeria, Iran, Iraq, and Venezuela.…

    • 550 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The technology allowed railroads and cities to expand. New exploration in the west was made possible because of the railroads. Power plants were the new sources of energy, and also helped with the industrial advances. Another main factor was the idea of social darwinism. This is when only the businesses that are thriving stay, and the businesses that are not doing as well are eliminated.…

    • 504 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Drill or Not to Drill

    • 511 Words
    • 3 Pages

    Although the United States (U.S.) is the third largest for oil producing (the U.S. produces 10 percent of the world’s oil and consumes 24 percent), most of the oil we use is imported. The U.S. imported about 60 percent of the oil consumed in 2006 (Baird, 2008). About half the oil we import comes from the western hemisphere. Oil imports contribute heavily to the U.S. trade deficit, and the U.S. is forced to make political decisions that it might not make otherwise if they were not so dependent on other countries (Baird, 2008). With this said I have made my decision to agree that the U.S. should invest in alternative sources of energy, such as wind and solar power because this will allow us to become less dependent on other countries for our oil supply.…

    • 511 Words
    • 3 Pages
    Good Essays
  • Good Essays

    no more oil

    • 695 Words
    • 3 Pages

    Crude Oil is the most traded commodity in the world (Shah 2011). There is an increasing demand for oil and this will not change anytime soon. It’s function and significance around the world is enormous and simply, the world could not function as it does today without the resource. “Oil touches nearly every single aspect of the lives of those in the industrialised world. Most of our food, clothing, electronics, hygiene products and transportation simply would not exist without this resource” (Jamall 2012, para. 1). “Petroleum is the most critical energy resource for modern economies, supplying about 40% of the world’s primary energy and nearly all of the fuel for the world’s transportation systems” (Greene, Hopson & Li 2006,…

    • 695 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Oil & Gas Conservation

    • 1479 Words
    • 6 Pages

    Whenever you save energy, you not only save money, you also reduce the demand for such fossil fuels as coal, oil, and natural gas. Less burning of fossil fuels also means lower emissions of carbon dioxide (CO2), the primary contributor to global warming, and other pollutants.…

    • 1479 Words
    • 6 Pages
    Good Essays