Reasons Why U.S. Maintains Dependence on Foreign Oil Import (2005)

In 2005, the linked State issues ab come out 60 percentage of its anele from international countries, and this treasure is still continuing to pose. just about experts call in that by the time 2020, the U.S. anoint import rate depart excess 70 percent or steady more. feeling back to the history, the U.S. import only 42 percent petroleum of its consumption in 1980, and in 2000, this deed has risen to 52 percent (Feldstein). That means the anele imported rate is non only just growing, but also qualification grow faster and faster when the oil demands is change magnitude. The rate is increased by almost 20 percent in 20 years even tough the government trusts to boil down the U.S. dependence on foreign oil import even since 1970s. Today, most of the ball?s oil reserves ar located in the Mid-east countries; most of these resources are controlled by the OPEC members. And the U.S imports immense amount of oil form OPEC, such as Saudi Arabia. In addition, not only U.S., but also early(a) big countries in the world, such as Japan and Spain, these countries are also increasing their oil import from OPEC.

In a public faith survey, many people point out that they are afraid(predicate) the future price of oil might take a ?serious threat to the nation?s scrimping and jobs, as well as to its standard of living, the environment, and their national hostage?(SUN daytime Campaign). Lots of people argue that the dependence of the foreign oil import is bad for American economy. The government in the United Stated always wants to be more singly on its domestic oil production. Howev er, although President George Bush says that! hydrogen index number will lead the U.S. to energy independence, in fact, from the information upon, we knew that the oil import rate will not change easily... If you want to get a full essay, lay out it on our website: OrderCustomPaper.com

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