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Essay / United States Energy Crisis - 2146
United States Energy CrisisContent may be outdatedEarlier this year, the President of the United States announced that the United States was in the midst of an energy crisis nationally. The president has proposed many solutions, including increased use of solar and wind power, nuclear power, and drilling in the Arctic National Wildlife Refuge (ANWR). The president told the American people that they should watch their energy consumption and save as much as possible. Gas prices hit $2 a gallon in the Midwest for the second summer in a row, and California continued to be hit by unprecedented power problems that led to repeated blackouts. The price of crude oil rose sharply, from around $10 per barrel to a peak of $37. The current rate has stabilized at around $26 per barrel. The cost of domestic fuel has also increased. “Many energy analysts, while willing to apply the term 'energy crisis' to California, assert that the nation as a whole is not in the grip of a crisis. They note that oil imports continue unabated and say current pricing problems stem from flaws in transmitting energy to businesses and consumers. (Energy Conservation News, 2000) Our biggest problems in the oil market right now are that the United States is in the hands of the powerful oil nations who decide how much oil to pump and sell to the UNITED STATES. When an oil-producing country is angry at the United States for withholding its oil until demands are met, this seems to be a popular solution. Let the United States look for alternative sources of oil to pump so as not to be at the mercy of these small oil producing countries and their blackmail attempts. The three main oil producers are: Saudi Arabia with 8.10 billion barrels, the United States with 3.24 billion barrels and Russia with 2.56 billion barrels per year. The three main consumers of oil are: The United States with 7.06 billion barrels, Japan with 1.18 billion barrels and China with 0.50 billion barrels per year. The United States would have to almost triple its production efforts to match the rate of consumption. Early last year, environmentalists and U.S. oil company executives found themselves sharing the same concern: low oil prices. At the start of the year, the average cost of crude oil continued to fall despite high demand during a cold winter, limited reserve capacity among OPEC members and middle of paper......e 1). Waste treatment technology news. 10.Ebersole, R. (November 14, 2001). ?Nuclear reactions.? Current science. 6. Fineman, H. and Isikoff, M. (May 14, 2001). “Great energy at the table. » News week. 18-22.?Fuel cell energy is growing.? (2000, June 1). Fuel cell technology news. 9. Holdren, J. (July 1, 2001). ?Energy policy.? Science and technology. 5. Kluger, J. (April 9, 2001). “A climate of despair.” Time. 30-36. Lemonick, M. (April 9, 2001). “Life in the greenhouse. " Time. 24-29. McCarthy, T. (July 16, 2001). "High noon in the West". Time. 18-32. Piore, A. (July 30, 2001). “A nuclear train is getting ready to roll. » News week. 26-28.?Progress in reducing energy intensity.? (2000, June 1). Energy Conservation New. 11.Reynolds, P. (1998, October 5). “The movements and mergers of solar energy players in the oil industry cast a new. 41.