Over fifty years have passed as the Western nations experienced among the most serious financial meltdown – oil crises of the 70s. Undoubtedly some technological innovations are introduced and savings of the majority of Western nations aren’t so oil dependant at the center of the seventies, however the savings of major developed countries still consume large quantity of energy and oil sources. In my opinion few people would argue that because of the evolution of the world market, the requirement on the energy or oil sources could be packed to the entire scope in the closest future. With rapid economic development of China and much more rapid economic development in India, you will find more than sufficient reasonable reasons to imply that the requirement on petroleum will likely be rising in the upcoming few years or decades ahead.
The most significant economy of the planet – American economy is dependent upon oil and lots of energy sources too. Regardless of the fact that the USA is among the biggest manufacturers of petroleum on earth it still must import great deal of oil and other energy sources, from several areas of earth. Present situation in the Middle Eastern area, where large quantities of petroleum have been found is very volatile and even in spite of the fact that the majority of the countries situated in Arabian peninsula are commonly considered by many pros as among their loyal allies of the Western nations, there are only a few reasons to think that situation will stay the exact same for a lengthy period of time as dissatisfaction with the coverage of the USA from the Middle East is rising along with several Arab authorities (even if the systems of those authorities aren’t democratic one ) can dismiss and disparage public remarks within their own nations. Insurgents and other terrorist groups strive, not to harm oil refinery centers in Iraq so as to block the actions of American and Iraq authorities to reconstruct and strengthen democracy in this nation; on the flip side disturbance in Iraq does not permit optimists to believe the price on petroleum will somehow decrease from the closest future.
That’s the reason why so many experts approved favorably recent condition of the union address by the president of the USA, where he said that the USA would reduce its consumption of petroleum and eventually become less petroleum dependant nation. So how this difficulty can be worked out? What course really have been learned from the prior oil crisis? With this kind of incredible progress in technology and mass communication could it be impossible to devise some strategy to decrease the dependence of the USA on petroleum? Undoubtedly that the USA has adequate financial resources and sufficient technological abilities to solve this problem; nevertheless it seems like the will to solve it’s lacking. Lately even much inferior nations like Brazil has introduced new energy saving technology (for example it attempts to substitute ethanol for petroleum ), many nations also have made some noteworthy progress in the development of solar energy technologies that would permit them to decrease their consumptions of conventional energy resources like petroleum and energy. Nevertheless these countries are somewhat the exception from this principle. President has just proposed raising of the funding of research projects which may decrease the effect of the looming catastrophe that the nation might face in the upcoming few years; nevertheless one could assert that these research plans won’t create significant effects in the closest future. Therefore the only solution may be successful introduction of present energy saving technologies which are currently available from the USA and across the world.
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