Increasing Oil Production in the United States of America

Increasing Oil Production in the United States of America Crude oil is a major source of energy for the world. Everyday the United States consumes more crude oil than it produces. The growing number of barrels of oil imported into the Unites States and rising gas prices are major concerns. Even though increasing the United States crude oil production may not lower gas prices immediately, it will eventually allow the United States to be energy independent. Oil is used in many different ways besides gasoline. Many types of products worldwide consume oil. Plastics, rubber, tar, lubricates, asphalt, perfume and wax are just a few of the byproducts that come from oil. A barrel of crude oil, which is 42 U.S. gallons, will produce around†¦show more content†¦Examples of renewable energy sources are, solar, hydroelectric, geothermal, biomass, and wind. Renewable energy is expensive to produce but due to the high price of oil and natural gas, it has become cost-effective. Additionally the federal government has offered tax credits to enco urage the development of more renewable energy sources. The Energy Information Administration (2008) states that the United States is the second largest country to produce renewable electricity. Specifically hydroelectric power is the most abundant renewable source of energy at this time. Wind turbine technology has improved in the past few years. Wind turbines produce electricity to be sent to people’s homes. In 2006 wind produced 4% of the United States energy supply (Energy Information Administration, 2008). As more and more wind farms are constructed that percentage will go up. The more energy that can be produced by renewable sources, will allow the United States to use natural gas for transportation rather than powering the homes of the American people. Every energy source the United States can use will help with the dependence on foreign oil. In 2006 nuclear power accounted for 8% of the United States total energy supply (Energy Information Administration, 2008). The United States has more than 100 nuclear power plants operating to produce electricity (Brain, 2008). Nuclear powerShow MoreRelatedThe Energy Crisis Of 19791422 Words   |  6 PagesEnergy is a daily consumption that everybody uses in their daily lives. As a nation, we as modern people in the United States rely heavily upon energy sources such as oil, wind, thermal, natural, solar, hydraulic, etc. During the 70s, energy was a booming industry that everybody wanted to be a part of. This industry affected people s way of living and everyday use of technology such as house appliances, automobiles, industry, and city power grids. During this era, an energy crisis occurred whichRead MorePetroleum: An American Addiction1261 Words   |  6 Pages America the beautiful, land of the greed and the home of oil. 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