Black Gold, the main source of the world's energy, what are the consequences of having such power. Politics is a significant factor in the economics of oil. We also talk about the Carbon Tax and what we feel is the most effective way to move forward from our reliance on oil from a governmental perspective.

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Song:

California by Soyb & Amine Maxwell https://soundcloud.com/soybmusic​​​ https://soundcloud.com/aminemaxwell​​​ Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/syb-amine-california​​​ Music promoted by Audio Library https://youtu.be/aXCwXsa2T4E​​​

Read More: https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php#:~:text=1%20The%20top%20five%20sources%20of%20U.S.%20total,Arabia%206%25%205%20Russia%206%25%206%20Colombia%204%25

https://www.nytimes.com/2021/02/02/business/energy-environment/exxon-mobil-bp-2020-loss.html https://www.forbes.com/sites/arielcohen/2019/11/26/making-history-us-exports-more-petroleum-than-it-imports-in-september-and-october/?sh=2fce18075f3b

https://www.bnnbloomberg.ca/oil-jumps-with-u-s-data-underscoring-brighter-global-outlook-1.1590005

https://www.thoughtco.com/elasticity-and-tax-incidence-1147952#:~:text=If%20supply%20is%20perfectly%20elastic%20or%20demand%20is,will%20bear%20the%20entire%20burden%20of%20a%20tax.

https://pressbooks.bccampus.ca/uvicecon103/chapter/4-6-taxes/

https://www.nbcnews.com/news/us-news/fight-brewing-over-oil-pipeline-it-s-pitting-native-groups-n1262240

https://ipolitics.ca/2021/04/14/the-drilldown-majority-of-canadas-oil-imports-in-2020-from-u-s-report/