Keeping Oil Reserves in the United States

Andrew Hossalla
English 1131-32
Arguing a Position
March 3, 2012

Keeping Oil Reserves in the United States

Oil is something that people all around the world use every day. We use it in our cars and even common rubber products. With the constant use of so much oil the major oil fields found all over the world are being rapidly depleted. For this reason I believe that more oil reserves should be kept rather than being used every so often. In the United States there is a major oil reserve that should be sustained. The United States should keep the reserves intact because it would give us enough oil to sustain ourselves for a period of time, allow us to stimulate the gas prices by ...

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significant amount of oil. The U.S. used roughly 19.15 million barrels a day in the year 2010 (EIA 4). By this statistic the United States could last about 36 days on just the SPR alone. This may not seem like much but if the U.S. were to keep expanding on this Reserve constantly then it would eventually be able to sustain us for a longer period of time. Oil going into the SPR is regulated by the president because the oil going into it has to be bought from or drilled from a somewhere. (Dr. Phil 5) Having control over this large of an oil reserve gives us the ability to use up our oil when everyone else has used theirs up. Using this large reserve would also allow us to have more time to come up with a different source of energy to use in things such as our vehicles and a different materiel to make things such as rubber.
Another advantage of sustaining the United States' oil reserves is that we would be able to stimulate gas prices by slowly leaking this oil into the ...

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This may not help us with the amount of oil we have right now but eventually when we accumulate a lot more oil then we will be able to bribe or persuade other nations with our surplus of oil. We would have a few options with this extra oil. We could sell it to the nation or nations that would pay us the most for it because of the extremely high demand due to lack oil in the future. If we did accumulate much more oil and sold it to the highest bidder then we could possibly sell it for double, or triple, what it is worth today. Countries may not buy oil from the United States now but if/when they control most of the world's remaining oil it could be a different story. With this ...

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PAPER DETAILS
Added: 4/6/2012 01:05:25 AM
Submitted By: Poopsy
Category: Economics
Type: Premium Paper
Words: 1459
Pages: 6

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