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Monday, September 19, 2005

Energy policy In the US

I became interested in energy policy in the US because my major will be petroleum engineering and it is not just the US’s but also the world’s problem. And, there are many reasons which make me think that this problem is more about globalization, which can be dangerous, or globalization is not a good idea. So, the problem is between the US and China. According to L. Tyson (2005), CNOOC Ltd.’s trying to buy Unocal Corp. So, CNOOC Ltd. is one of the biggest oil companies, of which most is owned by the government of China (70%). And, they made an offer to buy Unocal, which is $18.5 billion. Moreover, looking at China’s history, we can see that China is smarter than the United States in the way they handle each other. So, it is hard to break down this deal, because China already overpaid in their second offer. So, by trying to stop this deal, the United States warned the world and showed them how dangerous it could be. Also, we could infer that the United States could not wait to see China’s economy rise (Zakaria, 2005). Basically, the US does not care about Unocal; they are more worried about China, which is causing a threat to the national security of the US. The US won’t have much damage, if they end the deal. Nevertheless, that might slow China’s economy, which is open; also it could cause economic and political problems for the US.

I am going to write about three things that should be done about energy policy in the US. First, oil and coal are the biggest energy suppliers now and these kinds of resources, which are non-renewable energy, can vanish in the future. And, I think this kind of energy can effect the environment. For example, global warming has increased over the past millennium and it is a problem. Second, solar, wind, nuclear, and hydroelectric power should be used the most in the US, because it is renewable energy and cannot vanish. Finally, the US needs new technology to solve the problem, which is finding ways to get an energy supply. And that will happen, if more boys and girls enter physical, science, and engineering schools. However, a lot of people migrate to the US, which is bad for the US in some ways and so the US should develop its school system and try to decrease the number of immigrant’s people.

I read some articles about this issue, which is energy policy in the US, and I have good background. But, I need to do more research about the Non-renewable energy, renewable energy, and technology.

*References:
Tyson, L. (2005, Aug 15). What CNOOC leaves behind. Business Week. 101. Retrieved Aug 25, 2005 from Ebsco: Academic
Search Premier database.

Zakaria, F. (2005, Aug 15). Mishandling the China challenge. Newsweek 7. Retrieved Aug 25, 2005 from Ebsco: Academic Search Premier database.

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