Tuesday, December 18, 2007

More for the future?


In 1901 Texas wildcatters struck oil near here at a place called Spindletop, setting off the Texas Oil Boom. The Texas Oil Boom helped to build America.People moved across the country in search of a new life where they can develope and achieve their ideas. But these ideas requires a large amount of energy. But as the need for energy has caused oil and gass prices to increase making many people cant afford it and the society would soon corrupt.
In December 10th 2007, Texas has declared an experiment that would expanded the use of oil by opening a new oil well. They claimed that "when this expansion is complete, this facility will be one of the preeminent refineries on the Gulf Coast will become the largest in the United States and one of the largest in the world." We are living in a time where oil supply is increasing its demand. As everyone knows, tight supplies in a time of heightened demand lead to higher prices. These higher prices are an indirect tax on the American family and to prevent this, more oil should be made. Now, investments are being made, in both alternative energy and conventional sources, that will boost supply and reduce prices. The international energy agency concluded that "at home, U.S. energy demand will increase by 23 percent over the same period, with a 19 percent increase in the demand for oil and other liquid fuels." Today is not just an investment in a single refinery, it’s an investment in America’s future prosperity. Likewise, we must seek out new energy sources and new technologies and we must work with Congress, the states and the private sector to establish policies and programs that will make those investments, like this one, even more attractive. We must do all we can to ensure the availability and the affordability of oil and gas in our country. if this fails,it would have a negative impact on the U.S. economy and lead, to a reduction in the quality of life. It took a long time for America to get to this point; the progress we need to make to enhance our energy security through the diversification and creation of new energy supplies, suppliers and supply routes won’t happen overnight. But, as this ground breaking indicates, that effort is starting.

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