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  • Essay / The Reign of Black Gold - 1456

    America's level of dependence on foreign oil is detrimental to the country and regions where the oil is found. Many governments in the Middle East region are very unstable and the oil pipelines there can be damaged by the consequences of a riot or revolution taking place in that country. The revolution taking place in Egypt is a good example of this. The Suez-Mediterranean pipeline, a major pipeline in the region, is at risk of damage or shutdown due to the current unrest. This would cause a sharp increase in gasoline prices, as the Suez-Mediterranean pipeline is a pipeline through which the United States obtains its oil supplies. Possible solutions to these problems are interference by the US military in controlling the pipeline, serious research into sources of energy that can be produced in America and, once America's dependence on respect for oil will be reduced, helping to prevent and put an end to the oil wars taking place in the country. region. America must stop depending on foreign countries, especially the Middle East, for its oil imports and consumption. Nigeria, a country in which 55 years ago had a chance to become great, was almost destroyed by greed for oil. As Nigeria discovered its oil fortune beneath its feet, the country fell into poverty while almost all other exports disappeared from the map. As National Geographic reports, oil accounts for 95 percent of the country's export earnings and 80 percent of its revenue. In 1960, agricultural products such as palm oil and cocoa beans accounted for almost all of Nigeria's exports; today they are barely registered as commercial items (Curse of Black Gold). Since Nigeria joined OPEC, the Organization of the Petroleum Exporting Countries, confirming its place in middle of paper ......88-117. Military and government collection. EBSCO. Internet. February 23, 2011. Liska, Adam and Richard Perrin. “Arguments for including military operations in the impact of fuels on climate change.” » Environment Magazine. 52.4 (2010): 009-21. Print. United States Energy Information Administration, . UNITED STATES. Crude oil and total oil imports, top 15 countries. , 2010. The web. February 23, 2011..US Energy Information Administration, . UNITED STATES. World proven oil and natural gas reserves, most recent estimates. , 2009. The web. March 1, 2011. .Walt, Vivienne. “Why the uprising in Libya is bad for the global economy Time (2011): n. page. Internet. February 28 2011..