Case Study: Oil Energy
10/25/06
Case Study #1: Consumption of Oil
The United States is heavily dependent upon the supply of oil for energy. An estimated 60% of total energy is supplied by oil and natural gas. Many problems arise from this high usage of fossil fuels. Several of the problems that arise include the formation of a seller's market, the environmental complications caused by the emissions of large amounts of fuels, and finally the interdependencies on oil and the great possibility of high-scale economic collapse if oil production is cut.
The first problem that arises from the U.S becoming heavily dependent on oil is that the companies that provide this oil have an insurmountable advantage in setting the prices and profits that they receive from sale. The seller's market has been created because the supply of oil has been surpassed by the demand for it. Although the government and other political figures say that we are in a buyer's market, one must remember that politics and the truth......
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Approximate Word Count: 756
Approximate Pages: 4 (250 words per double-spaced page)
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