Jet Fuel Insurance Essay

“Farming is risky, you’re at the mercy of the weather and market prices. Insurance helps manage the risk, it takes that factor out of it,” Becton said. “You’re not going to get rich collecting your crop insurance, but you’ll be able to stay in business.”

We conducted some sensitivity analysis on Desert Valley’s budget to determine the expected impact of a 2% increase in the price of malt barley and wheat grain. This is especially important given the fact that customers are not willing to increase prices to compensate for the rising cost of these commodities. This puts pressure on Desert Valley to absorb these price shocks and still meet its other financial objectives.

Who wants to live on the edge of your seat, year after year? The idea of not having a back up plan is frightening. In 2015 over 289 million acres of farmland was protected though the Federal Crop Insurance Program. If the farmers’ crops fail, and they don’t have insurance, a motion of harmful events can begin to happen. These events include: the farmer losing money, letting farm help go, and local businesses no longer receiving the capital they normally receive. Agriculture is used by everyone and creates a snowball effect; therefore crop insurance is crucial to not only the farmer, but the economies these farmers are involved in all over the world.

Fossil fuel plays leading role in upsetting environmental, economical and climate protection. Our earth is at catastrophic risk by the exploitation of fossil fuels. Therefore, pressure is on to find viable alternatives for energy to bring a stable, safe and clean revolution. In that case, bio-fuels make an attractive alternative for energy than fossil fuels. Various provocative questions need discussion that what are the attractive differences between both the fuels? Why fossil fuel dependence is to be actually minimized? What is the scope of bio-fuel for a safer world? How will bio-fuel benefit economically? Above all, It will be conferred that why bio-fuels are better than fossil fuels.

In the United States biofuel production has grown a lot over the last two decades. In 1995 production was at 500,000 gallons, by 2005 it was 75 million gallons, and by 2006 it was at 224 million gallons [Biofuels ‘13]. The main plant used in the United States biofuel production was the soybean [Biofuels ‘13]. Currently 4 percent of the world’s demand for primary energy comes from biofuels. The more popular and more well-known hydropower only provides 2 percent of the world’s primary energy demand [Maugeri ‘10]. Most modern cars can use up to a 10 percent biofuel mix in their engines without any modifications, though some cars called flex-fuel can use 100 percent biofuel or gasoline [Maugeri ‘10]. One big advantage to using biofuel is that it produces a higher octane rating than gasoline which helps improve engine performance [Maugeri ‘10]. Biofuels currently cost a little more to make compared to gasoline at about a ten to eight ratio respectively [Sanders ‘10]. Hopefully with more farms producing the components for making biofuels hydroponically it can help drive the price down to where it can be competitive with gasoline and one day completely replace it.

Due to the inadequate properties of current fuels, it is vital for the development of alternate fuel, in order to sustain the transportation infrastructure. The needs of the society are increasing due to population growth and lifestyle factors. Petrol isn’t sustainable as it isn’t renewable and causes damage to the environment. Biobutanol may be an ideal alternative due to its qualities of renewability, lower pollutant emissions and easy adaptability.

The agriculture industry has been ever changing, due to the population increases. Subsidies keep the small farm going, protecting

In this chapter, it was tried to describe a new perspective for the future aviation industry fuel provision. Considering serious constrictions ruled by CAAA, it is of high probability that Avgas, the current conventional aviation fuel, will be forbidden because of air polluting problem it causes and the fact that it contains considerable amounts of lead element which is hazardous. Ethanol, as a green biofuel, has a promising production potential to be introduced as an alternative fuel according to the current aviation market capacity. Advantages and disadvantages of ethanol usage as an aviation alternative was fully described. The necessary airplane engine modification was mentioned to compensate some of ethanol drawbacks along with some case

In 2012, the amount of petroleum used every day skyrocketed to an all-time high of 88.9 million barrels used per day. (Energy, 2013) With such a huge dependency on fossil fuels today, it is critical that the world finds ways to increase efficiency to a maximum. That is why in most industries, new technology is always being produced that increases the efficiency of the machines, for example the aircraft industry. By simply adding afterburners in a jet turbine, excess jet fuel is not wasted, eliminating byproducts released into the atmosphere while gaining extra

The objective of this analysis is to focus on one of the recommendations about corn being able to be maintained at a certain rate for companies that buy it, as well as corn growers’ practices. This suggestion leads to a long term sustainability of agricultural production to eliminate high risks. This report provides information about serious causes that affect the corn production that lead to create strategies for future improvement. Companies attempt new ways to decrease shocks of the environment with time managing. Also, companies explore many solutions to manage their decisions about their supply factors to improve their corn agriculture alternatives in the future. Corn alone impacts a big piece of our economy.

Abstract The purpose of this experiment was to synthesize biodiesel using a green approach in a laboratory setting to create an environmentally safe alternative to petroleum diesel. Sodium Hydroxide was used as a catalyst in order to complete a transesterification reaction. The experiment took place over two days total as the glycerol and biodiesel compounds were given time to separate fully.

One thing that liability insurance providers require is an extensive application that allows the providers to acquire data in eight categories: general information (i.e. population of municipality and areas of operations like university or amusement parks), policies and procedures, education and training requirements and accreditation, 911 dispatching protocols, jail operations, personnel, prior insurance information, and claims history. All of this information will affect the underwriting and ratings process, which allows “insurers to evaluate a risk to decide what coverage, if any, to offer or renew, and for what price” (Rappaport, p. 1587). The underwriting and ratings process create an need for municipalities to act favorably because

The world as we know it to be is recently very ill. Due to much effect of human activity, global temperature is rising at a fast rate per year, which leads to serious changes in climate and weather. This results in aviation industries to be badly affected as the changes will lead to flight delays and bumper flights due to mid air turbulence. Thus Emirates does take this factor into serious considerations and started carrying out its “Go Green” plan in 2011 to reduce emition of greenhouse gases. Airplanes can cause an increase in greenhouse gases such as carbon dioxide (CO2) thus Emirates carry out its flight operations using Biofuel. Though its expensive, usage of Biofuels for its engines does save for a better environment. Emirates also carried out a “Recycling” plan in 2009 by recycling its jets of those that are old and out of

Aviation contributes approximately 2 percent of total greenhouse gas emissions, a figure which is projected to grow through 2050. Although fuel efficiency has improved by nearly 16 percent since the 1990s, future technologies—including better flight patterns, more-efficient engines, and alternative fuels—have promise for further emissions reductions. The profitability challenges of the early twenty-first century, however, affect the industry's ability to invest in new technology. (Hill, 2010 17-22)

Consequently, another new challenge which the airline industry is currently undergoing is the ability to find a greener solution to fuel so that aviation is not purely dependent on fossil fuels. Some sources of literature have alleged biofuels to not be the answer to cleaner fuels as although the direct emissions from airplanes powered by a biofuel mix may be reduced, the indirect emissions through producing biofuels are significant. Biofuels create a lot of pressures on carbon sinks through the way they are cropped causing strains on the land and rainforests (Bringezu et al, 2009), which adds to the greenhouse effect, furthermore increasing climate change. Due to the size of land required of biofuel production, it can also threaten biodiversity of flora and fauna and