What are the options to stop this crisis?
For
Professor Sharon Mitchener
From
August 11, 2006
BUS 531
Research Proposal
Abstract
The topic of this paper is America’s foreign oil dependency. The purpose of this paper is to suggest how might America completely destroy or at least greatly mitigate its dependency on crude oil to fuel Americans’ cars, especially foreign crude oil. Library literature, newspaper articles, encyclopedias, and the Internet were all sources used to compile this paper. The conclusion reached in this research topic is that America’s great foreign oil dependency is a crisis and other energy sources to fuel our cars need to be adopted and implemented before the people of America experience a catastrophe of indescribable measure.
America’s Foreign Oil Dependency Crisis Introduction President George W. Bush recently stated in his 2006 State of the Union address, “Keeping America competitive requires affordable energy. And here we have a serious problem: America is addicted to oil, which is often imported from unstable parts of the world. The best way to break this addiction is through technology.” The President of the United States understands why America must do everything it possibly can to research other more feasible methods of energy to fuel our cars because the foreign countries America currently depends on to supply such a precious fuel is unstable and very undependable. Over the past half a century, America’s dependency upon oil has exponentially increased. Today, the oil America consumes comes mostly from foreign countries. In 1985, three-quarters of the crude oil used in U.S. refineries came from America; today that same percentage has drastically changed. Less than half the crude oil used in America’s refineries is produced domestically, and 60 percent comes from foreign countries. Foreign oil is used most heavily by automobile owners