Americas Oil Problem Essay - 2238 Words

The United States is in a recession and depends on foreigners to fuel our country. Oil companies are taking advantage of the power they have over gas prices and the economy is at one of the lowest points in all of our history. It can be seen that the way things are going now that change needs to occur for America to get back on its feet. Drastic changes will need to happen if we are going to continue to enjoy living in a very advanced and prominent country. By developing proper offshore drilling techniques, and alternate energy, America could eliminate debt and lessen dependence on foreign oil. As it stands, oil companies have a firm grasp of the American economy. As the price of oil increases, the price of living also increases. Not†¦show more content†¦Exxon Mobils profit excelled 30 billion in 2010. Exxon Mobils 4th quarter profit in 2011 has soared 53 percent in large part due to oil prices. Recently, in London Brent Quality Crude Oil passed $100 a barrel for the first t ime in nearly 3 years (Exxon Mobil 1-2). Oil profit is at an all time high and is contributing to our current recession. It is well-known that nowadays America is in a heavy recession with debt in the trillions. In the summer of 2009 the debt was nearly 13 trillion dollars ( The Federal Budget Deficit 1 ). In 2010, the average American owed nearly $50,000 in consumer debt, and according to figures in 2009, the average American earned just under $40,000 a year(Consumer Debt 2). The average Americans debt is greater than the average Americans salary. Increasing oil prices only make things worse. When oil prices rise, every price rises. Fedex just raised its fuel surcharge on air deliveries from 12 percent to 13.5 percent. Local pizza parlors have been adding a few dollars to pizza deliveries (Saporito 4). Gas prices are going to hurt truckers, taxi drivers, limo drivers, airlines, and shipping companies especially. An energy adviser, Joe Stanislaw, says, Do they pass it on? when spe aking about the price of oil (Saporito 4). Fossil fuels will not last forever and theyve had a drastic effect on the environment. On January 28, 1969 there was a giant oilShow MoreRelatedEssay On Nuclear Energy805 Words   |  4 PagesSyria is in war right now. Russia is thinking after the Syria’s civil war they are going to build oil refinery. Syria has a big problem with their securing fuel. The Americas are trying to fix the smoke that is keep on coming out of the building The woman with the question mark above her head at the bottom of the page with the oil machen, that represents that people in America is trying to fix the oil problem. 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