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The Impact of Dependence on Oil

Series: Green Ethics
From: Carnegie Council
Length: 00:02:00

Oil is cost-efficient as a primary energy source -- in the short term. Long-term, however, oil poses economic risks and damages the environment. Should we allow markets to determine energy sources or implement energy policies to invest in alternatives? Read the full description.

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Created and managed by Carnegie Council Ethics Studio and written by Senior Fellow William Vocke, Global Ethics Corner is a weekly 2 minute segment devoted to newsworthy ethical issues.

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Piece Description

Created and managed by Carnegie Council Ethics Studio and written by Senior Fellow William Vocke, Global Ethics Corner is a weekly 2 minute segment devoted to newsworthy ethical issues.

Transcript

Arguments in favor of oil as a primary energy source focus on cost and conversion.

In relative terms, oil is usually the most cost effective. You get more energy per unit of cost versus most alternative energy sources. So, moving away from oil technology usually means costs to consumers, [for example taxes either increase gasoline prices or provide subsidies to alternative sources.]

Also, capital investment in oil infrastructure is enormous. Think not just of wells, pipelines, and refineries, but think also of manufacturing plants, gas stations, transporting goods, and power plants.

[Of course, oil is advocated by large corporate interests, but efficiency and conversion costs are more powerful arguments than conspiracy.]

Arguments against oil are longer-term. The cost of climate change does not have the same short-term impact as a hike in prices at the pump. Also, the effects of poll...
Read the full transcript

Additional Credits

Deborah Carroll- Producer
William Vocke- Writer
Joel Rosenthal – Voice Talent
Julia Kennedy- Content Editor, Producer/Host of Just Business
Robert Smithline- Editor
Terence Hurley- Editor
Ina Pira- Production Assistant

Related Website

www.carnegiecouncil.org