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Can America prevent current oil crisis?

Created by : Anirudha Desai, Financial Analyst, HSBC  | 07 02 2008 09:40:47 +0000
Industry : Oil & GasFunctional Area : USA(Markets)
Keywords : Current AMERICA Prevent Oil Crisis
Activity:  299 views;  last activity : 07 06 2010 20:18:09 +0000
USA has huge resources of crude oil in the Alaska region, isn't this the responsibility of the world bodies like UN etc to force USA to use these reserves to prevent current oil crisis?
  
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Well I support the notion that, now the time has come that US start using its own resources otherwise in next 5 to 10 years of time we all will become slaves of America because only they would have the oil reserves left with them. Also the Arab countries should stop exporting oil to US, so that they are forced to use there oil resources.
By Anirudha Desai, Financial Analyst, HSBC  07 02 2008 09:40:47 +0000
 
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Well according to me, I think US should not be forced, because they own the resources and it is there own free will when to use it and when not. Even other countries are free to do so. Also if we will use up these left resources also then what will our generations would do.
By Soma Gupta, Product Development Manager, Reliance Petroleum  07 02 2008 09:43:54 +0000
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In my openion when officer like u are citizen we will be be,its my belief .I don't mind by putting me down by u without discussion.
By SB DIKSHIT, STATE QUALITY MONITOR, U.P.R.R.D.A  | 07 12 2009 13:07:17 +0000
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well i support b'coz US is consuming allmost 25% of the oil avaliable in world market.
By bhushan m. thombare, asit.roughneck Oil & Natural Gas  | 08 30 2008 00:27:20 +0000
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That was not crisis but speculation by some smart business men, And they had to quit the game after compulsion from US.
By Alok Sharma, Retail , Leading Consultancy Firm  | 08 18 2008 23:01:35 +0000
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Yes, but it has act wisely on decision based on Iran / Iraq and also its activities on the $/euro market.
By Ronak Rajan, Asia Pacific - Sales & Marketing Manager @ CGGVeritas  | 07 30 2008 23:27:54 +0000
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See http://www.oilcrisis.com/


And Mr. Dixit, to jog your memory, India was never, and will never be a OPEC country.


By Viktor Stephen, COO, I Entrepreneur  | 07 12 2009 11:17:55 +0000
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why america ,we ourself can do it ,if there is a will there is way.many places in our country are showing the presence of oil ,
By SB DIKSHIT, STATE QUALITY MONITOR, U.P.R.R.D.A  | 07 12 2009 08:59:06 +0000
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There is time for alternative energy usage. There is new found Oil-Sand reserves in Canada which will be utilized by USA in next 35 years.

 
By Vikas G. Chaudhari, Manager, Larsen & Toubro  | 10 02 2008 14:35:34 +0000
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