Monday, July 11, 2011

On Foreign Oil, And National Security

We have seen the impact that foreign oil plays in world geopolitics. Many stressed the national security, dependence on foreign oil raises. Critics say that our dependence on oil to power our economy makes us vulnerable to oil-producing states such as the Middle East.

Indeed, many said that our invasion of Iraq was largely fueled by our need for oil from the Middle East. No matter how it may be true, all agree that our need for foreign oil is a national title and huge economic problems.

The gas is probably the best way out of our addiction. Currently, the U.S. has 238 million cubic feet of proven gas reserves in the country. There are an additional about 1.8 trillion cubic feet of gas is no longer under our feet. This reserve could power the U.S. economy in the coming decades, without foreign oil. They also buy time to develop other renewable energy sources like wind, solar and biofuels.

Natural gas companies have found a way to end the shale gas. Extraction of shale gas has become one of the main ways to get gas in the United States. Now, this method is used in other parts of the world, including Canada and South America. Shale gas technology to bring the power of gas prices around the world, which makes them cheaper overall.

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