Professional Documents
Culture Documents
Q17. Examine the claim that the world is too dependent on oil.
1. It is true that oil is an extremely vital resource, the way it has permeated our
lives and basic civil needs will cause the individual great inconvenience
2. Given the overly valuable status of oil, it has been used as a political weapon
by governments that have had adverse effects on economies in the world.
- 1973 OPEC 100% oil embargo on the United States and most of its allies in
varying degrees (Great Britain, Japan, Canada) to pressure the US to stop
military support for Israel in the Arab-Israeli conflict
- 1973 World Oil Crisis: The price of oil quadrupled by 1974 to nearly US$12
per barrel
- Chaos in the US: New York Stock Exchange shares lost $97 billion in value
in six weeks.State governments requested citizens not put up Christmas
lights, with Oregon banning Christmas as well as commercial lighting
altogether. Politicians called for a national gas rationing program. Nixon
requested gasoline stations to voluntarily not sell gasoline on Saturday nights
or Sundays; 90% of owners complied, which resulted in lines on weekdays.
- Israeli troops from the 4th war withdraw from the West Side of the Suez
Canal
- Japanese motor industry gained an advantage over the US’
3. Oil has become so important to the economic success of countries that the
possession of this resource has led to the violation of international
boundaries.
4. More support for non-fossil fuel technology has helped it to recently develop
to a practical, useful standard, showing that countries acknowledge their
over-reliance on oil and are slowly but gradually reducing the need.
- It was only after the 1973 oil crisis that countries around the world began
looking for other alternatives to oil. This led to greater interest in renewable
energy and spurred research in solar and wind power.
- Sweden’s mandate for a country free of fossil fuels by 2020 puts it in third.
A majority of the country’s power is either nuclear or hydroelectric already.
Solutions for automobile and flight transport include ethanol and animal
waste conversion. Furthermore, the power of waves is in the process of being
harnessed as well. Thanks to development at the University of Uppsala,
Sweden is developing “wave power” which converts waves into 4x as much
energy as solar power in the same amount of time, with no waste and no
emissions.
- Norway earns a high spot for being first home to the world’s largest solar
production plant, owned by REC Group. They have also taken emissions
seriously, now planning on becoming carbon neutral by 2030, not 2050 as
originally expected, in major part by funding green projects abroad and
reducing at home driving and flying.