All information courtesy of EnergyTomorrow.org
Look around, I bet you see one thing that is made from petroleum. Today, we are a world that is fueled by fossil fuels and petroleum based products. If we are to stop the use of petroleum, we are likely to see a less beautiful America. The reason for this, is that petroleum is a miracle substance. IT makes the soles of you shoes, the plastic in your water bottle, and also the aspirin that you take for a headache. Why should we stop the use of petroleum all together?
The fact of the matter is that if we are to stop the use of petroleum, our country will be crushed in trying to find new ways to make the products that us Americans use everyday. The use of petroleum is what keeps America running. In 2010 US oil and natural gas companies brought 476 billion dollars to the US economy. That is enough money to keep the Department of education running for the next 10 years. If we stop the us of oil and natural gas we are likely to see a Great Depression worse that what happened in the late 1920's-1930's. Why are we to punish oil producing companies when they are the one that are keeping or economy running and keeping you working. We cant say that we don't punish Oil companies when they pay a 40.1% income tax compared to 20.6% of normal industrial companies.
Without an energy source to invest in, many use families will suffer a great deal in money loss. The reason for this is that is 52 million Americans have mutual funds. And a majority of those mutual funds are invested towards oil and natural gas. And if you have an IRA, which 49 million Americans have, then you will also be hit hard with the loss of oil because most IRA's invest in energy stocks.
If we stop the use of oil and other fossil fuels, we are likely to see a depression that we would have never seen before. Petrloleum in the miracle substance that we need to embrace to its fullest potentional.
A list of things made from petroleum
http://www.pbs.org/independentlens/classroom/wwo/petroleum.pdf
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