1. The New Offshore Drilling Proposal
... operations would take federal funding to implement and years to establish for production; and because oil price is chiefly determined by a global average based on world GDP, not national assets, the direct effect on the per-barrel price would be insignificant. Moreover, even logistically impossible levels of additional drilling could never change the disproportional percentage of oil that must be imported in order to maintain a supply that satisfies our country ... 's current level of consumption. The only way to stop exporting wealth to foreign oil is to stop importing foreign oil altog...
- Word Count: 706
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate