Lithium-ion battery: the new “oil” for transport Energy sourceGlobal warming and its effects, which increase the average global temperature , have been discussed by environmentalists widely in recent years. They believe that transportation systems, which were built on an overreliance on cheap oil, are known to be the main causes of global warming. More than ninety percent of transportation, such as cars, trucks, ships, and airplanes, is equipped with internal combustion engines powered by gasoline or diesel. In the United States, a slight increase in the price of gasoline can trigger inflation. By increasing the price of oil and its derivatives by one cent per gallon, it will cost the trucking industry at least three hundred and fifty million dollars per year, which will directly translate into higher commodity prices (oil and transportation). Due to the nature of oil as a non-renewable energy source and its unstable price, people should reduce oil consumption and increase the production and use of lithium-ion batteries to replace oil as a source of energy. energy in transport. The most popular source of energy, the price of oil has an astonishing capacity to harm the global economy. The Arab oil embargo of 1973, Saddam Hussein's invasion of Kuwait in 1990, Hurricane Katrina are just a few examples of how any disruption in oil supplies can cause economic disruption major changes in a short time. As the global economy recovered from the global recession caused by the 2008 oil shock, when oil traded above $145 on the New York Mercantile, political unrest in several Arab countries could put the economy world on its knees. Again. Less than three...... middle of paper...... Depletion Protocol, a plan for a sensible energy future. and Web. April 22. 2011United States. U.S. Energy Information Administration. Eia.doe.gov. “World Crude Oil Prices.” April 20. 2011. Internet. April 22. 2011. United States. Committee on Homeland Security and Governmental Affairs United States Senate. “The role of stock speculation in the rise in oil and gas prices: the need to put the police back in the spotlight.” » US Government Printing Office. June 27. 2006. Print. United States. United States House of Representatives. “Oil and Gas in the 21st Century.” Democrats.naturalresources.house.gov. and Web. April 22. 2011 Quick, Darren. “How environmentally friendly are electric vehicles? » Gizmag.com. Ecogizm. August 31, 2010. The web. February 5, 2011. Smith, Frederick W. “A New American Energy Plan.” Fortune 163.2 (2011): 28. Academic research completed. EBSCO. Internet. February 2. 2011.