Report On Fictional Economic Presidential Address To The Nation

The Presidential Economic Address to the NationOil crisis was the special theme of the professorship s statement released earlier this evening as the continuing escalation of embrocate color prices is threatening to cripple the automotive industry and the economic placement of the bucolic as well . The president discussed everyplace the media a four-point intention to address this issue . Momentary abate of come to measure incomees on gas pedal , custody of projects to phase-out Methyl Tertiary Butyl vinyl ether or MTBE as gas additives , tapping of heating oil militia , and the continuity of husbandry subsidies are major headings in the four-point plan . The president has in like manner asked for support from the mass as he instigates his plan of military action with the intentions of relieving the country fro m crisis . However , the subsequent issuing that may closure from this plan is questionable . It is uncertain if the four-point plan is an efficient subject matter to wholeeviate oil crisis in the countryExcise tax also known as user fee is allocated for the victimisation and maintenance of familiar roads and highways to improve traffic obstructions and hinder highway accidents (NSSGA , 2006 . Part of the itch tax is conserved as funds for plans and of building terms-efficient transportation infrastructure in the future such as bridges , trains , and the like (API , 2007 . Revoking appeal of come upon taxes would compromise the step of public roads and highways and public safety More everyplace , repealing excise taxes would lead to an maturation in gun consumption . Doing so would lower the cost of gasoline purchase , thus boost the mountain to consume more gasoline despite the ancestry in oil issue . On the contrary , the emergence in excise tax would deter c onsumers from purchasing gasoline , conseque! ntly allowing time for the mutation of oil supplies worldwide . This only if , may solve the oil crisis that the country is undertakingMethyl Tertiary Butyl ethyl ether or MTBE is a gasoline additive used to adjoin the standard requirements of the 1990 Clean gloriole Act Amendment .

However the long-term use of MTBE has placed people in great risk of exposure . MTBE has contaminated the groundwater render of the country putting the health conditions of people at risk . ethyl alcohol replaced MTBE as a gasoline additive shortly later on the detrimental effects of MTBE was researched and documented (EPA , 2007 ) The continuation of the use of MTBE as the primary source of gasoline additive would pose flagitious upon to the people and result to grave damages . Reparations to be provided for the damage caused by MTBE to the afflicted would only lead to an increase in expenses . For these reasons , delaying the phase-out of MTBE is unacceptable . Tapping heating oil reserves all over the country would not alleviate , but other than decline the current crisis in the country . Repealing excise tax , unite with the consumption of oil reserves would only result to a decline in national oil supply . Cheaper cost of gasoline through the cancellation of excise taxes would lead to a bivalent rate of gasoline consumption , consequently leadership to the come down in oil supply . If in any(prenominal) way , doing...If you ask to get a full essay, couch it on our website: OrderEssay.net

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