Business homework help
Business homework help. Create a 1 page essay paper that discusses Oil dependence is a dangerous habit.This problem poses a major threat to both the national and global security. To avoid this, there is need to stop oil dependence and invest heavily on green sources of energy (Lefton and Weiss para 1). . Additionally, oil dependence is dangerous because it leads to national instability. For example, the importation of oil in 2008 by U.S from countries that are currently under the State Departments Travel Warning List has led to serious consequences for the countrys economy (Lefton and Weiss para 2). . Again, it appears that as a major contributor to global oil needs, U.S is paying to fund and maintain unfriendly governments. Demand for oil by U.S increases world oil prices in the world market and sometimes benefits oil-producing nations that do no sell to the U.S market. Another problem is that administrations that benefit economically from massive energy resources hardly share oil earnings with their citizens. As a result, this worsens economic difference in such nations. Similarly, it is dangerous for U.S to depend on oil simply because it is increasingly becoming more challenging and dangerous to satisfy oil needs. For example, in 2008, U.S used 23 percent of the total worlds oil. The country imported 57 percent of the total worlds oil despite holding not more than 2 percent of the worlds total oil deposits. Failure to minimize its dependence on oil, U.S is likely to be forced to seek help from more opposing and volatile regimes that are a threat to national security.
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