QuinteroHaag685

A lot more than thirty years have passed because the Western nations skilled one particular of the most serious economic crisis- oil crises of the 70s. Undoubtedly some technological innovations have been introduced and economies of most of Western countries are not so oil dependant as in the middle of the seventies, nonetheless the economies of significant created nations nonetheless consume big amount of oil and energy resources. In my opinion couple of people would argue that due to the development of todays planet economy, the demand on the oil or energy sources can be saturated to the total extent in the nearest future. With rapid economic growth of China and a lot more fast economic development in India, there are more than enough affordable grounds to recommend that the demand on oil will be rising in the next a number of years or even decades to come.

The biggest economic climate of the globe- American economy depends on oil and many power resources as nicely. In spite of the fact that the USA is a single of the biggest producers of oil in the globe it nevertheless has to import large amount of oil and other power sources,  from different regions of the planet. Recent predicament in the Middle Eastern area, exactly where huge deposits of oil are situated is rather volatile and even regardless of the reality that most of the nations situated in Arabian peninsula are broadly regarded by several professionals as ones of the steadfast allies of the Western nations, there are few factors to believe that situation will stay the exact same for a long period of time as dissatisfaction with  the policy of the USA in the Middle East is expanding and few Arab governments (even if the systems of the governments are not democratic one particular ) can ignore and disparage public opinions in their nations. Insurgents and other terrorist groups try, not unsuccessfully to harm oil refinery facilities in Iraq in order to obstruct the activities of American and Iraq governments to rebuild and strengthen democracy in this country on the other hand instability in Iraq does not allow optimists to assume that the value on oil will somehow decrease in the nearest future.

That is why so many specialists accepted favorably current state of the union address by the president of the USA, in which he stated that the USA would reduce its consumption of oil and grow to be less oil dependant nation. So how this difficulty can be resolved? What lessons really had been learned from the preceding oil crisis? With such outstanding advance in technology and mass communication would it not be achievable to devise some plan to lessen the dependency of the USA on oil? Undoubtedly the USA has sufficient financial sources and adequate technological capacities to resolve this difficulty nonetheless it looks like the will to resolve it is lacking. Just lately even a lot poor nations such as Brazil has introduced new power saving technologies (for instance it tries to substitute ethanol for oil), numerous states have also created some notable progress in the development of solar power technologies which would  enable them to decrease their consumptions of conventional  power sources such as oil and  energy. Nevertheless these nations are rather the exception from the rule. President has recently proposed escalating of the financing of investigation tasks which may possibly lessen the effect of the looming crisis that the country could face in the next numerous years yet one could argue that these study applications will not generate significant benefits in the nearest future. So the only solution might be effective introduction of current energy saving technologies that are already readily available in the USA and close to the globe. solar power for homes