Finally! This is a glimpse of what most of us hoped for. Even as often as we heard the chant “drill baby drill”, we are going to experience much less-dependent economic reflection on oil. The U.S energy department reported this week that in over a decade, United States dependence on imported oil fell below 50 percent. They claim this change in part of the weak economy (mainly ’08) and more production of fuel efficient vehicles. I guess the next part is when those anticipated electric vehicles start hitting the road - and the rest is a new revolution. No matter what measure, developments in sustainable efforts most often favor the conventional status quo. Sadly, some of these products and technology have existed, but was not trendy enough or given the fair exposure it deserved. So we can be grateful that there are star items like electric vehicles and solar power serving as the “poster” for these resources. In the report, the Energy department goes on to project that this trend of less dependency will “…continue through the next decade due to improvements in energy efficiency and higher fuel economy standards.” So before anyone would assume that this result was largely contributed from the economic crisis or any offshore drilling expansion, understand that this reflection is drawn from overall U.S oil demand that is also evident from last year’s report. Ironically, the present oil price displeasure is challenging our daily budget and future plans. Consequently, we may see reports contradicting the success of less dependency. But, hey, this may actually provoke a boost to fuel efficient vehicles sales. As reported, the waiting list for Nissan Leaf seems to be growing; and the Japan earthquake crisis won’t deter much of the its schedule to provide the demanded fleet of LEAF vehicles. In another light, without any bias or political affiliation, this less dependency provides additional leverage in the expansion of offshore drilling debate in the capitol hill as well as emphasize Obama administration strategies on tackling foreign oil dependency. We can infer that the benefits from this less dependency of oil is still accounting for more domestic improvement such as our success in petroleum products exports. So this shift to energy efficiency is growing stronger and gradually changing the course of our economy. This would be one the smartest investments that is going to define the next decade and onwards in terms of efficient technology. I could imagine some of the electric car owners, grinning from ear to ear right now – blast!! Hopefully, we don’t have to wait much to own one or wait for these benefits to trickle down to “us” average consumers. Tags: Drill baby drill, energy efficiency, fuel efficiency, Obama adminstration, Offshore drilling,Oil depenency, Solar Energy
Tuesday, May 31, 2011
U.S depend less on oil
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