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Wednesday, April 27, 2011

Foreign Oil Expense to Economy.

Our country is too dependent on foreign oil. Does this mean we should start increasing off shore drilling and plundering our nation’s natural beauty? No, going green would actually boost our economy and help our environment.
Going green versus continuing the US’ dependency on foreign oil will improve our economy because, as it is, we are currently sending out $1 billion dollars a day to other countries, many of which are hostile nations. The big oil companies import nearly half of their petroleum from hostile nations including companies such as Shell, ExxonMobil and about 25% from ConocoPhillips. These oil moguls receive astounding profits from their sales and seem to be benefiting off of the unstable conditions of these countries to bump up the prices of each barrel of oil during bidding. Their personal interests in big business and acquiring more money has serious impacts on our economy as a whole.
There is the problem of costs in our country and the rising upper class and widening lower class. It is silly to say that a person who makes $70,000 a year would be middle-middle class where a person who makes $30,000 is now lower middle class and an income of $150,000 is upper middle class. Really no one wants to admit their destitution and no one wants to admit they’re well off. But when considering the change from fuel driven cars to electric or even hydrogen powered the switch just isn’t affordable for many Americans. Which is why a large subsidy should be implemented to make these alternate energy vehicles more consumer friendly.
If the citizens can just pull away from gas powered cars our economy would drastically benefit. Those who appose legislation in favor of less gas, like API’s Energy Citizens, are actually funded by the major oil companies, conflict of interest? As the price rises at the pump individuals such as Congressman Jeff Landry see the opportunity to spur the development of domestic oil drilling in the Gulf Coast and ANWR. In a press release this March 11 Landry urged the people to support H.R 49 which would result in the drilling of ANWR and off shore areas, he says would create hundreds of thousands of jobs.
More recently, and ironically, Landry scorned President Obama for his lack of appearance at the anniversary of the Deepwater Horizon travesty. Not only this but Landry receives interest group and industry specific monetary campaign contributions from oil companies and/or affiliates.
While off shore drilling and drilling in the Arctic National Reserve may offer hundreds of thousands of jobs, so too would going green. Only if we went green we wouldn’t have to worry about the corruption of our environment or the possible devastation involved in the dangers of harvesting petroleum.

Sources.




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