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Essay / Research Paper Abstract
An 8 page paper. We have a serious energy crisis that few seem to be acknowledging. Leeb and Strathy, however, say we are on the edge of the most serious crisis ever. Beginning with the comments of these authors, this essay compares two economic energy policies, CARE from the 1970s and the Energy Policy Act of 2005 in term so which had greater impact. The essay then briefly describes some alternative energy approaches. Bibliography lists 5 sources.
Page Count:
8 pages (~225 words per page)
File: MM12_PGlbeng.RTF
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Unformatted sample text from the term paper:
Today, with prices hovering at $3.00 per gallon, people still dont get it. If the average American really understood the problem, we would see a lot more hybrid vehicles and
other high mileage cars on the road. In their book, The Coming Economic Collapse, Stephen Leeb and Glen Strathy (2006) warn that America is on the brink of the
largest crisis in the history of the country. Leeb and Strathy (2006) discuss the growth of China and India that is also requiring more oil for their economies. This means
the need for oil products is increasing but the supply is not able to keep pace (Leeb and Strathy, 2006). When the demand is much greater than the supply, prices
dramatically rise but if consumption remains the same, the supply will eventually run out. These authors also said that the technology or more specifically, the dot.com crash in 1999 was
small in terms of what will happen when oil costs $200 per barrel and these authors expect that to happen within ten years(Leeb and Strathy, 2006). The combination
of increasing demand in China and India and increasing demand in America and many other parts of the world are creating a "clash between s supply and demand that will
send oil prices soaring to unprecedented levels" (Leeb and Strathy, 2006, p. 19). The end results may well be the end of civilization as we know it or, as
the authors say: "A crisis of epic proportions is brewing" (Leeb and Strathy, 2006, p. 89). Should we listen to these authors and follow their advice? It makes sense to
do so since it was Leeb who first predicted that oil would reach $100 per barrel in an earlier book. Even so, Leeb and Strathy (2006) say there remains a
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