Mismanaging Fossil Fuels Can Cost You Your Freedom
The direction the United States chooses to go with its energy policy will most certainly dictate the freedoms of this and future generations. Energy policy will also dictate if the nation can stay independent and free into the future. Never before has America’s dependence on fossil fuel been such a strategic liability (Migone, 2007). In conjunction with the threat of losing the freedom and independence that is the essence of what makes this country great, the lack of prioritization for other fuels is crippling our environment as well. The intent of this analysis is to explain how increased fossil fuel consumption poses a very real and urgent threat to the personal, national and international freedoms of the U.S. And western nations and what needs to be done to mitigate these risks while making a more positive contribution to the environment.
Breaking Fossil Fuels Dependence and Gaining Freedom
Today America imports well over 70% of the oil it uses on a daily basis, translating into billions of dollars that leave this country for foreign nations, many of which do not even have diplomatic ties with the U.S. (Bang, 2010). As fossil fuels are continually are managed as a cartel or monopoly, the pricing is not set through free market dynamics but rather through a system of price management and optimization strategies. When oil prices are continually modified not by a free market economy but through price controls, there is a corresponding effect on global stock and equity markets as well (Jawadi, Arouri, Bellalah, 2010). When the U.S. breaks its dependence on fossil fuels, global financial markets most likely will stabilize. The price of oil as managed and optimized by the cartel (OPEC) will become gradually less relevant. When this happens, citizens, nations and entire regions of the world will be free from the volatility and unnecessary cost swings of fossil fuels. Each nation’s economy will be free from the unnecessarily high costs of fossil fuels and the political instability they create. Dependence on fossil fuels is really the greatest threat to freedom because with a decision to raise prices or even cut oil off, cartels can completely re-order economic markets (Jawadi, Arouri, Bellalah, 2010).
Ending The Nation’s Dependence on Fossil Fuels
There are many options available for reducing the nation’s dependence on fossil fuels. From the use of biofuel subsidies to foster research & development (R&D) of new fuel forms and technologies to use them (Ngo, 2008) to more effective energy policies that use natural gas, the U.S.’ greatest natural resource (Bang, 2010), options abound. What is needed is a concerted, focused energy policy that concentrates on national security while lessening the impact of these fuels on the environment (Migone, 2007). Only by taking this course of action, can the U.S. And other westernized nation so dependent on fossil fuels break their dependence on them. In addition to all these approaches, there needs to be much more aggressive R&D and tax credits given to companies to create clean-burning fuel technologies at costs that are affordable. The development of entirely new approaches to managing existing energy sources within the U.S., from hydrogen and natural gas to clean-burning coal, all need much greater focus. The investments of the U.S. government in these areas would ensure the freedom of this and future generations, seriously slowing down the fossil fuel-based cartels from influencing financial markets (Jawadi, Arouri, Bellalah, 2010) and lead to greater political stability globally.
Bang, G.. (2010). Energy security and climate change concerns: Triggers for energy policy change in the United States? Energy Policy, 38(4), 1645.
Johan Jansson, Agneta Marell, & Annika Nordlund. (2010). Green consumer behavior: determinants of curtailment and eco-innovation adoption. The Journal of Consumer Marketing, 27(4), 358-370.
Jawadi, F., Arouri, M., & Bellalah, M.. (2010). Nonlinear Linkages between Oil and Stock Markets in Developed and Emerging Countries. International Journal of Business, 15(1), 19-31.
Bryan K. Mignone. (2007). The national security dividend of global carbon mitigation. Energy Policy, 35(11), 5403.
Peter Ngo. (2008, June). U.N. summit turns up the heat on biofuel subsidies. Ethanol & Biodiesel News, XX (23).
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