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An Alternative to Foreign Oil

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AN ALTERNATIVE TO FOREIGN OIL

An Issue Paper Presented to
Professor Sheila Christensen
Professor of Marketing
Utah Valley University
For Management 2200

By Greg Gossard
July 30, 2012

Executive Summary
Over the past few decades, in the United States, oil is the primary fuel consumed by most vehicles on our roads and in our air space today. It is estimated that two-thirds of the oil used is due to the transportation sector. This report will examine the pros and cons of the need for alternate solutions to the ever increasing reliance the United States has on foreign oil. There are practical alternatives and solutions that the United States could implement in the short run, and especially in the long run as well. The idea of domestic drilling, along with natural gas, and plug-in hybrids are definitely worthwhile options to look at for an alternate solution to the dilemma of oil consumption. While some may argue that these other sources are not consistent enough or wouldn’t be efficient resources for alternative energy, there is enough evidence supporting claims to the contrary In financing research projects exploring alternative energy, the U.S. would easily be able to use all of those resources of energy to remove our dependence on foreign oil consumption. On average, the U.S. spends about one billion dollars per day on foreign oil. That adds up to be thirty billion on average per month, and over three hundred and sixty billion annually. This is a gross and unnecessary expense for the United States. This problem could begin to be solved by use of a nation’s own natural resources which would decrease our dependence on foreign oil, and use the savings for more imperative energy resources which would be better for the U.S. economy and better for the environment.

An Alternative to Foreign Oil
Introduction
Issue Statement The purpose of this report

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