concluion

Conclusion
Rachael Morgan
12-5-08
5:40 pm

My topic is oil and energy. Over the past fourteen weeks I have specifically concentrated on oil prices, production, and alternatives.
Over the past four weeks gas prices have fluctuated from their all time national average high of four dollars and eleven cents a gallon, to a national average of below two dollars a gallon. In an effort to raise prices again, oil production companies have slowed production, but oil continues to drop in price. Oil is now at its lowest price of below sixty dollars a barrel.
In an effort to put an end to the fluctuating price of oil, and declining economy, oil alternatives have never been so sought after. The two leading alternatives at this time are Nuclear power, which is when an atom is split to create energy. Then there are fossil fuels which are coal, oil, natural gas. Coal and oil have been abundantly used through out the world, and now developed countries are looking at natural gasses as the alternative. With these alternatives, and many more in the works the chances that our generation will ever be independt from oil are very slim, but possible.
Gasoline is now at its lowest point in three years, and our economy is at its lowest since 9/11. Our dependency on foreign oil is a large contributor to both. Although the decline in demands has affected oil prices it has affected other industries as well, such as travel, tourism, and companies with luxury items. This economic recession is not just a national crisis but also an international crisis because of our intertwined dependency.