If the Middle East stopped producing oil, how would the US economy be affected?

im doin a report on future affects of how stoppage of oil from the middle east countries would affect our economy, any opinions would be appreciated, also it's a controversial question thats been on my mind. Also what other kinds of alternative fuels could we turn to? thanks!If the Middle East stopped producing oil, how would the US economy be affected?
The United States actually gets very little oil from the Middle East, even today. Most Middle Eastern oil goes to Europe. But, if the Arabs turned off the gas, those European countries would be looking for alternative sources of supply, including ours. So, the price would rise significantly, and we probably would have to switch quickly to use more coal and natural gas.





People often complain about our increasing dependence on foreign oil, but that's short-sighted. A policy of ';buy Saudi'; means they'll be drained before we will. And, when all that's left is under us, it will be our government telling everyone else to go find their own barrel.





Which is fine with me.If the Middle East stopped producing oil, how would the US economy be affected?
The answer is far from correct but the asker needs to be intelligent enough to see that. Report Abuse

The country would be in severe straits for quite a few years. The US depends on oil for transportation, The current alternative energy solutions do nothing to support transportation. It would take the nation a minimum of 5 years and probably more like 10-15 to get anywhere near where we were much less with where we needed to be.


By that time, much of our industry would have collapsed, the guvmint gone bankrupt and citizens living in rags off what they and their neighbors could raise in their backyard. The only saving grace would be that the entire world would be in the same boat.
Then we would be forced to buy more oil from the North Sea, Mexico, South America, and domestic sources.





The Middle East produces only about one third of the global oil supply. The other two thirds would easily pick up the slack if the Middle East cut off its supply.
there are numerous oil wells in usa ....closed for ...emergency.....us have very major shares in oil resources.....apart from local ..other sources ....plus solar ...wind, tidal , hdyial ...bio ..biofuel ...nuclear ..powers ...can be used ...inelectric to form in use ...to mechanical one ...