Lithium ion battery: the new “oil” for transport Source of energyGlobal warming and its effects, which increase the average temperature worldwide, have been discussed by environmentalists extensively in recent years. They believe that transportation systems, which were built on an excessive dependence on cheap oil, are known to be the main causes of global warming. Over ninety percent of transportation vehicles, such as cars, trucks, ships and airplanes, have internal combustion engines powered by gasoline or diesel. In the United States, a slight increase in gasoline prices can trigger inflation. Increasing the price of oil and petroleum byproducts by one cent per gallon will cost the transportation industry at least three hundred and fifty million dollars per year, which will directly translate into the increase in the price of commodities (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 an energy source in vehicles transport. most popular energy source, the price of oil has had an astonishing ability to damage the world economy. The Arab oil embargo of 1973, Saddam Hussein's invasion of Kuwait in 1990, Hurricane Katrina, are just some of the many examples of how any disruption to oil supplies can cause severe economic disruption in a short period of time. time. Just as the world economy was recovering from the global recession caused by the 2008 crude oil shock, when oil traded above $145 on the New York Mercantile, political unrest in several Arab nations could bring the world economy to its knees . Still. Less than three... half the paper... Depletion Protocol, a plan for a sensible energy future. nd Web. 22 April. 2011United States. US Energy Information Administration. Eia.doe.gov. “World Crude Oil Prices.” April 20th. 2011. Network. 22 April. 2011.United States. United States Senate Committee on Homeland Security and Governmental Affairs. “The Role of Market Speculation in Rising Oil and Gas Prices: The Need to Question the Cop.” United States 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. nd Web. 22 April. 2011 Quick, Darren. “How environmentally friendly are electric vehicles?” Gizmag.com. Ecogizmo. August 31, 2010. Web. February 5, 2011. Smith, Frederick W. “A New American Energy Plan.” Fortune 163.2 (2011): 28. Academic research completed. EBSCO. Network. February 2. 2011.