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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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/