Five Reasons to Buy An Electric Car > GED

Five Reasons to Buy An Electric Car > GED: "over half of the oil we use is imported (57%), and our dependence will increase as we use up domestic resources. Most of the world's oil reserves are concentrated in the Middle East, and about two-thirds are controlled by OPEC members. Oil price shocks and price manipulation by OPEC have cost our economy dearly—about $1.9 trillion from 2004 to 2008—and each major shock was followed by a recession. We may never eliminate our need to import oil, but we can reduce cartel market control and the economic impact of price shocks by reducing our demand."