Monday, July 7, 2008

How to solve oil crisis

According to author in "Oil:A global crisis", factors of the Iraq war result in the oil crisis. Experts said the oil price won't level off and its price has been increased six times since 2002. So for those increasing of oil price caused the Iraq war to occur. And in many experts' views, oil crisis makes many problems. First is the increasing of dissatisfied consumers, because the oil price will not be stable because of oil crisis. And second is oil price collapse. Oil price becomes like a trash in some countries that don't have oil, but in OPEC countries, they can get lots of cash. And third if that oil price soars, because decreasing production makes oil price soar.

Oil is a very important factor in our lives, so its crisis brings many problems; war occurs, and it influences out life. So we should try to solve oil crisis.

The first solution is increasing production of oil in OPEC countries. The root reason of the oil price problem is insufficient oil in the world. The U.S.A wants to get more oil, so war is occuring now. Supply is short but demand is increasing now. So this situation makes oil price instable.

Second solution is using fuel energy less than now. Actually we waste fuel energy. But it causes depletion of our resources. Furthermore, oil is nonrenewable energy. So wasting oil creates a situation that increases oil price. To save oil, for example, we should take public transportation like bus and subway. Especially, bicycles are the best to solve the problem, because they don't require oil.

Third solution is developing substitute energy. It is better to use renewable energy than oil. Especially, hydrogen is the best substitution energy, because it has many benefits but it has hardly any defects. First of all, it can give stability to the global economy, because our economy is affected by oil price. But it exists all over the world. So we don't have to fight to get oil, and our economy can become stable. And it can't make an environmental problem. Actually oil creates many environmental problems. But hydrogen is natural energy, so in the end it doesn't cause an environmental problem and can stop the war over oil.

Nowadays the oil crisis is a global problem and it makes many problems. For example, it increases the dissatisfied consumers by increasing the oil price. Especially, it is a very big problem the Iraq war. So we should solve the oil crisis. There are 3 solutions; increasing of oil production in OPEC countries, not wasting energy and development of substitute energy.

Reference:
Murray, J. (2008, May 25). Oil: A global crisis. The Independent. Retrieved on July 1, 2008, http:// www. independent.co.uk/environment/green-living/oil-a-global-crisis-834023.html?service=print

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