Analysis: Lessening Over-Reliance On Fossil Fuels
Lessening Over-Reliance on Fossil Fuels
The over-reliance on fossil fuels denotes to be a serious challenge in the United States. In 2006, President Bush used the term “addiction to oil” elucidating how the country heavily relies on fossil fuel as a source of energy (Sarica & Tyner, 2013). The world is becoming more competitive, and America is increasing its demand on fossil fuel. The precarious state of the fossil fuel in the markets abroad raises concerns. Political and economic instabilities are a huge disadvantage in the importation process. Hence, the challenges evident in the international market coupled with the ever-growing energy demand calls for the need to institute ways of harnessing alternative sources of energy. Attempts to lower …show more content…
Renewable energy has huge positive impacts on the economy, which cannot be overlooked. Showstack (2016) argues that the supply of the fossil fuel is likely to dwindle in future. However, renewable energy has the ability to sustain the economy's demand on energy in both short term and long run. Resources should be set aside to buy the machinery and pay manpower that will be used in the construction of these renewable sources. Although the idea could seem to be costly at first, the economy will significantly benefit in the long run. Energy will be cost-effective because the sun will be used in running the turbines. “Embracing the use of renewable energy will have a massive impact on reducing the reducing the used fossil fuel in the nation” (Showstack, 2016). Economic benefits also include the creation of jobs and reduction of enormous expenditures incurred in purchasing fossil fuel in abroad countries. McKittrick reports that in the 1970s, huge disruption occurred in the foreign market supply of fossil fuel, and the crisis emanated from over-reliance on the source of energy (McKittrick, 2014). Thus, investing in the renewable sources will protect the country form the problems arising from economic uncertainties in the economy. Volatilities make the country incur huge expenditures while the money can be used to fund key sectors of the economy such as education and
The over-reliance on fossil fuels denotes to be a serious challenge in the United States. In 2006, President Bush used the term “addiction to oil” elucidating how the country heavily relies on fossil fuel as a source of energy (Sarica & Tyner, 2013). The world is becoming more competitive, and America is increasing its demand on fossil fuel. The precarious state of the fossil fuel in the markets abroad raises concerns. Political and economic instabilities are a huge disadvantage in the importation process. Hence, the challenges evident in the international market coupled with the ever-growing energy demand calls for the need to institute ways of harnessing alternative sources of energy. Attempts to lower …show more content…
Renewable energy has huge positive impacts on the economy, which cannot be overlooked. Showstack (2016) argues that the supply of the fossil fuel is likely to dwindle in future. However, renewable energy has the ability to sustain the economy's demand on energy in both short term and long run. Resources should be set aside to buy the machinery and pay manpower that will be used in the construction of these renewable sources. Although the idea could seem to be costly at first, the economy will significantly benefit in the long run. Energy will be cost-effective because the sun will be used in running the turbines. “Embracing the use of renewable energy will have a massive impact on reducing the reducing the used fossil fuel in the nation” (Showstack, 2016). Economic benefits also include the creation of jobs and reduction of enormous expenditures incurred in purchasing fossil fuel in abroad countries. McKittrick reports that in the 1970s, huge disruption occurred in the foreign market supply of fossil fuel, and the crisis emanated from over-reliance on the source of energy (McKittrick, 2014). Thus, investing in the renewable sources will protect the country form the problems arising from economic uncertainties in the economy. Volatilities make the country incur huge expenditures while the money can be used to fund key sectors of the economy such as education and