Oil Crisis 2008? Essay

1254 Words6 Pages
Oil Crisis 2008? When asked if our nation is suffering from an oil crisis, how should one answer? Perhaps first it must be understood that, especially at the consumer level, the significance of oil translates to gas, gasoline, fuel, whatever term you wish to describe this indispensable commodity, that seemingly magical liquid, which we desperately need to operate our cars, trucks, motorcycles and mopeds. So much of our culture, especially here in the United States of America, revolves around our individual mobility that we apparently have taken for granted. It also goes without saying the vital role gasoline and diesel fuel plays on the transportation of our everyday goods, such as our groceries, Taco Bell, McDonalds’, and our Red Bull from the corner convenience store. All of this, and of course much, much more all depends on the transportation of these goods to reach us, the consumer. Just thinking about the pivotal role gasoline plays with everything from national defense, law and order, our very peace and well-being, that it all hinges on this life’s blood we call gas, then we begin to understand why oil is critically important to us all in the first place. Secondly, in defining the word crisis, one of the definitions in Merriam- Webster’s Dictionary states that crisis means, “a psychological or social condition characterized by unusual instability caused by excessive stress and either endangering or felt to endanger the continuity of an individual or group; especially: such a social condition requiring the transformation of cultural patterns and values.” So, with that basis of definition, should the current condition of the oil markets and prices satisfy the definition of crisis? Maybe we should consider what the apparent impact skyrocketing gas prices have wrought upon our individual finances as well our nations wealth and economy. Is this a crisis,

More about Oil Crisis 2008? Essay

Open Document