Oil to Clean Energy - 1730 Words

The cost of fuel is ever climbing on a perpetual price ladder. The price of gas has doubled in the past decade and will continue to rise at an even faster rate than ever before. Why do gas prices continually swell? Who owns the oil being drilled and pumped from all over the world? Oil is a non-renewable resource owned by oiling companies such as Exxon Mobile, Chevron, BP, and other name brand gas providers. The prices are skyrocketing because of supply and demand. The world supply of natural oil is being syphoned and used every day at an alarming rate. Oil companies have gotten and are still getting their more than fair share of money for providing these fuels. In fact, these big oil companies have enough money to change their†¦show more content†¦BP Global went into the animal feeding and breeding business. Texaco purchased Getty Oil in 1984 for 9.9 billion dollars. As you can see, big oil companies have more up their sleeves to make money other than oil. With th e push for new ways of powering our machinery with cleaner and more abundant resources, will these big businesses simply buy each other and other companies in order to make it through this trying time, or will they help pioneer technology through to the new age? We now know that oil companies resort to buying and creating smaller companies in order to keep making money even in difficult times. What if instead of buying container companies, making office equipment, attempting to buy circuses, and buying each other, these businesses created new companies to help fund, research, and develop cleaner, more abundant, or renewable energy technologies. It is evident that their main prerogative is making money. There is money to be made buy manufacturing and selling wind turbines, solar panels, and alternative fuels such as bio fuels and hydrogen cells. Some oil companies have already begun delving into alternative energy research and production. Chevron is leading the energy reform by slowly switching to cleaner fuels and energies. A small step that they have taken thus far is to extract natural gas from shale rock. Shale rock is much more abundant than oil found in oil fields reducing the need to drill for oil by a substantial amount. A pageShow MoreRelatedEssay on BP and Consolidation of Oil Industry, 1998-20021491 Words   |  6 PagesConsolidation of the Oil Industry, 1998-2002 Executive Summary BP should sell its business and start a new business, a clean energy production, because it would lose profits from oil supply. Oil industry had not developed in perfect competition; oil price was easily controlled since oil industry was oligopoly, many consumers exist and the government protected oil industry from competition. However, oil industry is facing perfect competition; oligopoly formation of oil industry would comeRead MoreIntegrated Science615 Words   |  3 PagesIntegrated Science Energy in a system may be transformed so that it resides in a different state. Energy in many states may be used to do many varieties of physical work. Energy may be used in natural processes or machines, or else to provide some service to society (such as heat, light, or motion). For example, an internal combustion engine converts the potential chemical energy in gasoline and oxygen into heat, which is then transformed into the propulsive energy (kinetic energy that moves a vehicle)Read MoreWhy Fracking Is Not Be The Most Exciting Process1450 Words   |  6 Pagesfracking can be a little freaky for some people and rightfully so. If one major oil company such as Chevron Corporation made the decision to find a realistic alternative to fracking it could start the process of other major oil companies following in their footsteps. There are three steps Chevron Corp can take to start the process of putting fracking behind us and focusing on the future of energy, which is clean energy. Th ose three steps Chevron need to take are first, admitting fracking was a mistakeRead MoreAlternative Energy is the Solution to the Fossil Fuel Dilemma1366 Words   |  6 PagesAlternative Energy is the Solution to the Fossil Fuel Dilemma If the United States continues to employ fossil fuels for energy, the nation will ultimately become more dependent upon fuel imports from the troublesome nations of the Middle East, and we will continue to damage our precious environment. Since the United States relies so heavily on fuel from the Middle East, the U.S. is subject to the will of those quarrelsome nations in order to maintain our fuel reserve. A shortage of oil can happenRead MoreCurrent Policy And Politics : The International Image Of America Essay1426 Words   |  6 PagesCurrent Policy and Politics The international image of America as it relates to energy is that of a country of non-conformance. We continue to be the largest energy user in the world and a negative externality of that energy usage is the impact of climate change worldwide. The international community believed that our nation created roadblocks in the way of reaching a global agreement on climate change and environmental protection. President Obama and Secretary Kerry worked hard to change thisRead MorePro Con Alaska Oil Drilling Essay1295 Words   |  6 Pagesa major topic to the government that affects me and you. The Alaska tundra has been in question to drill oil or to protect the precious environment there. Should the Alaska tundra be opened for oil drilling? II. Should the Alaska tundra be opened for oil drilling? III. I will analyze this controversy in terms of the following stock issues. A. Ill: Is there a problem with the American energy supply? B. Blame: Is the present (non-ANWR) policy inadequate to deal with the problem? C. Cure: WouldRead MoreThe Earth Is Warming1412 Words   |  6 Pageschange lead to instability that â€Å"creates an avenue for extremist ideologies and conditions that foster terrorism,† a 2014 Department of Defense report said. In Obama’s presidency, he has taken steps to sedate the problem such as the enacting of the Clean Power Plan, which aims to reduce greenhouse gas emission by 32% from 2005 to 2025. The Environmental Protection Agency (EPA) sets individual goals for each state on how much carbon emission they must cut. Then each state can come up with their ownRead MoreThe North Dakota Access Pipeline Essay1740 Words   |  7 Pagespipeline to be built underneath the Mississippi River poses the compromisation of over 383.6 billon gallons of freshwater (McAllister 41). Just how fast can a safe water supply to compromised? The average oil spill in the the United States in 55,000 gallons. At the conversion that one gallon of oil makes 750,000 gallon of water und rinkable by law. Then one spill directly under the river would compromise only 41 billion gallons but by law would not allow water to be removed from the river for humanRead MoreSecretary Of Energy And National Security Related Missions1169 Words   |  5 PagesSecretary of Energy The Department of Energy is an agency that is a cabinet level. The agency has energy and national security related missions which are very important. Since the World War two and the Manhattan Project Department of Energy is in the system. It was a secret operation that launched effort to improve and store nuclear weapons (allgov, n.d). During the Second World War, after the bombing of Pearl Harbour in 1942 Roosevelt approves to produce atomic bomb. President Carter establishesRead MoreThe Effects Of Climate Change On Fossil Fuels1431 Words   |  6 Pagesfuels.† (Google Dictionary). Due to our dependence on fossil fuels as our main source for energy and our carbon dioxide emissions over decades, climate change has rapidly emerged on Earth. Yet, we still have those who deny any scientific evidence of the effect of the dependence on fossil fuels. Climate change is a threat one should not ignore but want to reverse with the transition from fossil fuels to clean energy. An issue, which one should consider frightening today and for the future, is climate