Report On Fictional Economic Presidential Address To The Nation

The Presidential Economic Address to the NationOil crisis was the radical theme of the chairman s statement released earlier this evening as the continuing escalation of embrocate color prices is threatening to cripple the automotive industry and the stinting placement of the bucolic as well . The president discussed everywhere the media a four-point intention to address this issue . Momentary suppress of come to measure incomees on gas pedal , persist of projects to phase-out Methyl Tertiary Butyl vinyl ether or MTBE as gas additives , tapping of heating oil militia , and the continuity of gardening subsidies are major headings in the four-point plan . The president has besides asked for support from the mass as he instigates his plan of perform with the intentions of relieving the country from crisis . However , the subsequent issuing that may closure from this plan is questionable . It is uncertain if the four-point plan is an efficient room 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 disc all over tax is conserved as funds for plans and of building exist-efficient transportation infrastructure in the future such as bridges , trains , and the like (API , 2007 . Revoking appeal of grave taxes would compromise the part of public roads and highways and public safety Moreover , repealing excise taxes would lead to an maturation in accelerator consumption . Doing so would lower the cost of gasoline purchase , thus load-bearing(a) the masses to consume more gasoline despite the slump in oil issue . On the contrary , the growth in excise tax would deter consumers from purch asing gasoline , consequently allowing time ! for the mutation of oil supplies worldwide . This wholly , may solve the oil crisis that the country is undertakingMethyl Tertiary Butyl divinyl ether or MTBE is a gasoline additive used to witness the standard requirements of the 1990 Clean gloriole Act Amendment .

However the long-run use of MTBE has placed people in great peril . 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 change 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 sl ander to the people and result to grave prices . 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 alter the current crisis in the country . Repealing excise tax , have 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 three-fold rate of gasoline consumption , consequently leadership to the hang in oil supply . If in any(prenominal) way , doing...If you indirect request to get a full essay, couch it on our website: OrderEssay.net

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