America’S Foreign Oil Dependency
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America’S Foreign Oil Dependency

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America’S Foreign Oil Dependency America’S Foreign Oil Dependency Presentation Transcript

  • By
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    • This research project poses the question on if or at what price point per gallon of gasoline will Americans resort to alternative means of transportation?
    • What is the price point at which Americans will consider public transportation as a viable transportation method to and from their employment?
    • What is the price point at which Americans will consider alternative fuels and alternative fuel vehicles as a viable option to meet their transportation needs?
    • What is the character of the United States’ dependence on foreign oil and can this reliance be rectified through some alternative means?
    • What alternative fuels are most Americans aware of?
    • What alternative transportation methods are Americans most willing to use?
    • Is there an economic rationale in the use of alternative fuels in that if American consumers are able to realize a substantial economic savings, will alternative fuels become more widely adopted?
    • Approximately 60% of US’ petroleum is sourced from foreign oil reserves
    • Rising costs, environmental factors such as global warming, and improved technology is making alternative transportation & fuels more attractive
    • Alternative fuels such as biofuels like ethanol are extremely practical
    • Automobiles are produced in such a great variety that consumers purchase cars based on style, fashion, and other factors unrelated to actual practicality
    • US automobile manufacturers are not efficient and are in great financial difficulty
    • There is an economic rationale for biofuels
    • The working hypothesis of this study states that there is a price point per gallon of gasoline that will cause Americans to turn en masse towards a higher rate of acceptance of alternative fuels as well as means of transportation.
    • This study employs a qualitative methodology with the research being grounded in the literature but also employs a quantitative research survey
    • 65.3% of respondents were female
    • 62% of respondents indicated that automobiles using alternative fuels are economically viable
    • 76% of respondents revealed that they thought that alternative fuels were also environmentally friendly
    • 51% of respondents indicated that public transportation is largely ineffective
    • 62% of respondents revealed that $4 a gallon gasoline would cause them to shift to alternative fuel vehicles
    • 27% revealed that $5 a gallon gasoline would cause them to consider selling their vehicles completely
    • Foreign petroleum dependency is not sustainable
    • Alternative fuels are the most viable and achievable options
    • Ethanol has an existing infrastructure established and can be readily integrated into existing vehicles
    • States and the National Government should implement widespread production of ethanol and supplement consumer adoption of ethanol based vehicles