Please help me out answering those question!!!!! Oil efficiency and national sec
ID: 1574505 • Letter: P
Question
Please help me out answering those question!!!!!
Oil efficiency and national security. Right now, the U.S. is extremely dependent on oil for its automobile. Our dependence on oil has turned the middle east into one of the most important areas in the world. If our automobiles with 40% efficient rather than 20% efficient. We would not have to import any oil. The global consequences of our oil inefficiency can reach as far as war in the middle east. Getting more efficient use of oil is both a technological and a social issue. Who should pay for the research? The U.S government? Private industry? Is this aneconomic question or is it a national security one?
Explanation / Answer
government has the duty to resolve this issue. they can try with convincing the private industry to pay for research as private industry earns huge profits from it.
if they are not convinved to pay then government can levy more tax on oil and use that extra money for research because ultimately government as to make sure that issue is resolved.
it is both economical and national security issue because with time price of oil increase significantly leading to increase in price of other commodities