All tagged Oil
Fossil resources are fundamental to the energy infrastructure of the United States. Discourse surrounding fossil fuel reliance is shaped by concerns over two central topics: the geopolitical context revolving around it and the climate change caused by it. Policymakers have reached contradicting conclusions. Is renewable energy the solution to fossil fuel dependence? Or is an increased domestic supply the only way out of a turbulent global market?
The roads we drive on daily, the technologies that run our world, the food we eat, and the products we purchase all rely upon fossil-based resources. Our extensive use of fossils makes them necessary for a functioning society as we know it. The raw materials and all relevant supply chains are subject to government regulation and often centralized in international affairs. The matter is highly politicized, with heavy debate surrounding climate change, energy independence, and a myriad of related topics.
There is, however, one incontrovertible truth underneath each discussion – the reality of peak oil.
There is no question that the United States is currently facing numerous problems, one of the largest being oil. It’s difficult to decipher what exactly the Biden Administration is planning considering some of their contradictory statements and actions, however, looking at how events transpired chronologically through a timeline helps illustrate how the oil crisis came to be, its economic impact, and some potential solutions.
