Sunday, March 11, 2012

Let's Leave the Middle-East: The Importance of Alternative-fuel Vehicles

Alternative-fuel vehicles (biodiesel, ethanol, propane, etc) have been emphasized through political and social discussions for a few years now. The public has heard it all; however, the media focuses on the "eco-friendly" aspect of the vehicles. That is absolutely important, however I think the more important effect of alternative fuel vehicles is that America can gain independence from the Middle-East. I am by no means the first one to state this, but I would still like to take the time to explain the significance of independence.

For a long time, we have relied on the Middle-east for our supply of gasoline. The large majority of cars in the United States rely on it, and it's a basic necessity for everybody's daily routines. However, some Economists would agree that there is a hidden danger in all of this. By changing the price of gasoline even a few cents, the Middle-east can easily manipulate the economy as they please. As Fadel Gheit, analyst at Oppenheimer & Co, stated; “Higher gasoline prices; lower consumer confidence. Lower consumer confidence; very bad news for our economy.” By switching to alternative-fuel vehicles, America could solve this issue of dependance.

My proposition is that media should appeal to the American patriotism in us all. We should focus on strengthening our own economy, and alternative-fuel vehicles can be the first step in this process.

As a final note, I'd also like to say that I've written posts about gasoline prices before- I find it such a fascinating issue. I would encourage everybody interested to look back at those to get a better sense of how the market works.

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