FROM:Zaheer Ali, Jean Arguedas, Stephanie DiRubba, Stephen Preston, and Katiria Ventura DATE:September 30, 2008
Executive Summary: The power and prosperity of The United States of America will be severely hindered if changes are not taken within the next few years to reduce its dependency on oil and improve its usage of biofuel. The process to become less dependent on foreign energy sources will be crucial for the stability and growth of the nation in the upcoming years. Re-examining subsidies and tariffs are essential if any positive change is to be made.
A Shift Away From Oil Is Crucial
The consequences of the United States’ reliance on oil have brought together the nation’s leaders in ways that few issues have in decades. The call for action to deliver advanced biofuels and efficient flex-fuel vehicles now comes from national security experts and business leaders down to consumers. They have all come to the conclusion that as each day passes, more of the nation’s wealth is lost and complacency thwarts critical national policy changes that are urgently needed1. The advantages of biofuels are widespread. First and foremost, the United States must move away from traditional oil consumption. Oil is the largest sole contributor to our trade deficit. Records state that more than $1 billion a day in funds are sent to oil exporting countries1. Compounded with ongoing conflicts in the Middle East as well as other oil producing nations, this has left America indebted to much of the world. By transitioning from fossil fuels to biofuels, the United States can liberate itself from foreign dependence. Aside from the dependence on foreign nations, bio-fuels pose environmental advantages to producers and consumers. They are a relatively clean burning source of energy unlike oil, which accounts for more than 32 percent of the carbon dioxide emissions in the United States. Each gallon...