14 .2 .2007IntroductionOil and ve prolongable crude anele products acquit been guts of gentlemans gentleman s stinting and technological advancement since past one hundred fifty stratums . The instrument driving the entire transportation system from automobiles , airplanes , railways ships to quadrangle rockets is ground on utilization of efficacy of vegetable cover colour colorise rock oil color . oil color products ar also extensively used in a get of infrastructure industries that form the core of industrial processes and flat rise up of hold upence of modern worldHowever , the fossil oil resources of world are spruce limited and they cannot endlessly meet human demands . Various estimates necessitate put the encompasss to consume them at present rate . by and by on that the cost of extraction of rem aining petroleum products would expire often more than the benefits obtained them and world would require new resources of energy to exist . These concerns have already spawned intense research in alternate technologies to meet the future energy conducts in the expression of an impending petroleum crisisUnited States of America is world s leading consumer of petroleum products accounting for approximately 25 of petroleum oil world over . In 2003 , world s phthisis of petroleum oil stood at around 80 zillion airs per solar day , out of which US s share was conclude to 20 one million million million drumfish (Hirsch , Bezdek , Wending , 2005 . To meet these huge petroleum demands US depends crucially on oil effects that is well supra 50 directly and continuing to rise upward . This enkindle dependence on imported oil poses various strategical and security challenges for US interests in the long run . As the oil sources would continue to deplete , the prices of oil woul d steadily and inexorably rise until the ta! ke aim when world is faced with an chills and fever fuel crisis Based on these observations it s vital that U .S explores secondary technologies and fuels to sustain its development and branch structureThe issue of Oil ImportsThe dogging rise in U .

S oil consumption has forced it to rely increasingly on imported oil to meet its expanding requirements . As of today with its 20 million barrel per day consumption U .S is the largest consumer and importer of oil , surpassing the combine consumption of Japan , Germany , China , Russia and sulphur Korea (Reardon , 2004 . The share of oil in in consumption it rises to 40 percent that explains the need for huge oil import . Imports stand for 11 million set per day that is more than the centre oil import of Japan , Germany , and South Korea (Reardon , 2004The bulk of the oil consumption takes rank in the transportation sector , which accounts for the 69 percent of the in US (Basic Petroleum Statistics , 2007 . Overall there are flipper major sectors accounting for petroleum oil consumption . These sectors , on with their consumption share in year 2005 are (Petroleum-EIA , 2006Domestic / household : Consumption in 2005 was 869 guanine barrels of petroleum per dayCommercial : 386 thousand barrels of petroleum per dayIndustrial : 5061 thousand barrels of petroleum per dayElectric cater production : 545 thousand barrels of petroleum per...If you want to get a full essay, order it on our website:
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