It’s been a rocky road for the Big 3 automakers as they’ve struggled for survival and relevance in a down economy. In the biggest auto industry shakeup in 30 years, existing companies have been re-organized, torn apart, or sold off, resulting a complete reshaping of the auto industry landscape. Whether through government handouts or good old American ingenuity and entrepreneurship, GM, Ford, and Chrysler are revitalized and ready to deliver the exciting and environmentally friendly automobiles that consumers crave. But unlike the 70s, when American automotive manufacturers faced a threat from the Far East, today that threat comes not only from that part of the world but from newer more nimble competitors such as Tesla, right here in their own backyard. Our infographic breaks it down.
Since federal limitations on domestic oil production in the 1980s, there has been a steady decline in US production. By 1994, the US was importing more than its total domestic production. Restrictions on supply help to drive up prices and unnecessarily contribute to US reliance on foreign oil.
As much as 66 percent of all US crude oil is imported from other countries, and the amount of oil imported from OPEC nations is roughly equal to the amount of oil produced domestically. Petroleum, natural gas and coal are the primary sources of energy consumed in the United States because they are the most energy rich resources available. So far, renewables have only been capable of providing a small portion of total energy consumption, and their contribution to energy consumption has remained limited over the last two decades. However, with increasing government and private focus on green energy sources, renewables are likely to go from strength to strength in the near future.