The ethics of select business related social issues Research Paper

The ethics of select business related social issues - Research Paper Example Recent studies have proved that methane hydrate accounts for more than thirty times more than carbon dioxide in global warming. It is also known by the name of fire ice, which is found in the form of ice crystals where natural methane gas is locked and is mainly formed due to high pressure and low temperature. They are mainly found at the edges of continental shelves and are mainly responsible for underwater earthquake. Even though, it has been identified that in methane hydrate, there is more energy than coal, gas or oil, but using the gas as a source of energy independence is unethical for the country due to its negative consequences. In this context, a research program is conducted by the US government since 1982 that is related to the American energy independence. However, considering from the economic point of view of the US, the use of methane hydrate as a source of energy may lead to the American Energy Independence and may help the country not to be depended on other countrie s for fuel. Hence, it can provide the US with the advantage of being a major fuel exporter to different countries. Moreover, it can compete with the petroleum producing countries like Iraq, Iran, Venezuela, Kuwait, Russia and Saudi Arabia. If the world switches from petroleum as well as coal to gas, then the revenue of the petroleum producing countries will reduce, whereas America can take this competitive advantage by using methane hydrate as their source of revenue. With the help of American Energy Independence, billions of dollars of revenue can be generated, which will help in the economic development of the economy and generate job opportunities. This can only be possible when the whole world will adopt this non-petroleum form of resource from America as an alternative of petroleum and coal (Americanenergyindependence, â€Å"Journey to Energy Independence†; BBC, â€Å"Methane Hydrate: Dirty Fuel or Energy Savior?†; Bloomberg L.P., â€Å"Americans Gaining Energy I ndependence