Politics Of Oil : Student 's Name

With the rise of nonrenewable fuels prices and the estimated decline of availability in the not so distant future it is very clear that the only answer to this problem is to implement the use of renewable resources. Renewable resources are very versatile and can reduce pollution of the environment and can in the long

Continued investment should be encouraged in order to develop the best technology in energy for the future. Continued investment will allow for new and exciting developments that will improve the energy industry in the long run. It will assist the industry in satisfying the growing demand and need for sustainability. There are a number of political and legal factors that are significant to the energy industry. For example, laws and government regulation on energy use could potentially affect the demand for domestic energy and thus lead to a shift in prices. However, with an increase of clean energy use, the demand for energy will not change dramatically due to laws and regulations, instead, the future prosperity of the globe will improve.

I originally reasoned that renewable energy was effective and because it could not run out, it was a much better option. But, the credibility and reasoning of Spector’s argument, along with the fallacious arguments of the Union of Concerned Scientists, I now believe that renewable energy is not beneficial to energy companies. After looking at numerous articles, it was clear that the UCS purposefully overlooked many facts that rendered their argument, and article, useless. They had disregarded the sheer ineffectiveness of renewable energy and the previous failures of implementing renewable energy (Jogulekar, Scientific American). For example, Germany, a world leader in renewable energy, tried to go all solar, but they failed, having to eventually import nuclear energy from France and opening up coal plants. Jogulekar asserts that Germany would have created less carbon dioxide if they simply stuck to nuclear energy. Spector asserts that a 100% renewable energy grid is far from beneficial, it is not even feasible. Looking at all arguments, I agree with Spector and that nuclear energy should be implemented and is far more beneficial to energy companies for a few reasons – because of its reliability, its low carbon emission and its extreme efficiency. I have come to the conclusion that switching to renewable energy is not beneficial to energy companies as there are many other low carbon alternatives. Spector’s arguments and his article is more reliable than the UCS’s. For this reason, renewable energy is not beneficial to energy companies, and nuclear energy, because it is more efficient and reliable, should be

Energy security encompassing having affordable and reliable energy available while ensuing it is not detrimental to other natural resources. According to Mulligan (2010), “… the world’s most widely traded fuel, oil accounts for some 34 percent of primary energy consumption. Because resources are concentrated in a relatively small number of states, many other states depend upon a functioning global market and the continuing availability of imports” (p.79). The system the world obtains its fuel is one which is dependent of other countries, besides the United States. Relying on other countries can be detrimental to the United States and cause problems. Many would like to see alternatives to using natural resources. Alternatives are available to help with multiple energy

Oil and gas have been the world’s commercial energy sources in recent century and it still remain this important role in the 21st century. As industrial productions have grown by approximately 50 times during the 20th century, this led to tremendous increasing of the energy consumption. Presently, oil and gas account for almost 40 per cent of the world energy sources because they are unique commodities and easy to transport in many areas with low costs. The advances of technologies make petroleum become cleaner, safer and more efficient energy. Consequently, oil and gas could meet more strictly environmental regulations and comply with the widely demands of sustainable development. However, petroleum is a scarce resource and the demands of energy consumption will be increased. Humans try to improve recovery rates by enhancing technology and developing infrastructure for better accessibility. Presently, the volatility and high prices of oil market have been a significant cause for concerning among many countries. Even the increasing price trend in recent year, the market has still remained

Natural gas is playing an increasingly important role in the global economy, rising to the occasion as an alternative to other fossil fuels such as coal because it burns cleaner. As the oil reserves in many parts of the world are being depleted, the availability of a viable alternative such as natural gas is becoming increasingly important. So too is the lure of the future possibility of energy independence for countries both developed and developing.

The energy crisis in America is often placed on the back burner to the average American citizen. Generally, one will only care about this crisis when the price of gas changes. The energy crisis, however, is a prominent issue as it is “ongoing and getting worse, despite many efforts” (Rinkesh). The world’s natural resources, such as oil, coal, and natural gas, cannot supply the world’s increasing demand. The amount of crude oil available is only 2 percent higher than the demand for it (Muise). If the demand expands any higher, then the limited supply of natural resources “will be gone for good” (“Learn about Energy”). It is projected that there is enough oil to last 34 more years, enough natural gas to last 53 more years, and enough coal

Energy production of any country is the measure of its economy. No country can achieve high economic growth without producing sufficient energy. Production of energy crisis is a Greek word which means ‘decisive moment’. Crisis is declared when something has gone to a level where an action must be taken to avoid complete disaster ‘Energy crisis, takes place due to several reasons some of which are: increasing price of oil,power wastage ,less dams,incompitancy of exploration sector, miss allocation of resourcesflects industrial output,transportation,agricultural output,etc.Electricity breakdown in Pakistan is alarming. When energy supply of an industry is restricted, its output decreases and cost of production available to human beings.Therefore,we can say that energy crisis is a crisis of human development. It is indeed a matter of life and death. The multidimensional ongoing energy crisis has been having a knock on the life of every Pakistani. Without energy the wheel can’t run on roads, industry and agriculture can’t sustain, hospitals and operation theatres can’t function, schools and laboratories can’t work,public and private sector business cannot operate. Energy is the life blood of socities,provides a wide range of services essentials to everyday life, including heating,cooling,lighting,preserving of food, pumping fresh water, operating communication systems,internet and information portals and providing power for a wide range of appliances increases

Countries around the world seek energy independence as most have become reliant on fossil fuels to power their cities and means of transportation – thus their economies. We live in a world of uncertainty, and geopolitical affairs can influence the trends and prices of energy resources – of which include coal, oil, and natural gas. With countries heavily contingent on oil imports from unstable provinces of the Middle East, the gas companies of the United States began to utilize fracking to extract natural gas and oil in order to better control their own destiny, and to create a sense of energy freedom for and employ locals.

In 21st century almost all devices work with electricity. Electricity makes activity of people easier and more comfortable. Moreover, it plays a great role in development of medicine, science, education, transport and other spheres of human’s life. However, electricity production is becoming more and more problematic because the biggest part of energy for electricity is produced by natural resources, which are neither infinite nor renewable. It means that one day mineral reserves can run out, and, as a result, there will be risk of possible energy crisis. This situation stimulates humanity to transfer to renewable power system. Countries around the world are promoting sustainable energy policies, particularly to reduce

In recent years, the use of renewable energy to replace fossil fuels to generate electricity has become an important topic of discussion around the world. As there are numerous drawbacks to using fossil fuels, such as global warming and air pollution, some people suggest that it is high time considering generating electricity by renewable energy on a large scale. Renewable energy mainly includes sunlight, wind, tides, waves, biomass and geothermal heat. In 2012 and 2013, renewable energy contributed 22 percent to our global electricity generation (Renewable Energy Policy Network for the 21st Century, 2014) and this shows that renewable energy only provides a small part of electricity generation. In this essay, both the advantages and disadvantages of using renewable energy to generate electricity will be discussed. The essay will demonstrate that despite the disadvantages of using renewable energy, its development is an unavoidable trend because our

Many industrial units are either shutting down their operations or running on their own energy generation. This situation is seriously affecting our competitiveness in the international market. The energy crisis is going to worsen in the coming years due to an increase in the demand and a rather slow improvement in the supply. The power shortage, during the current year is likely to hit 5000 MW during the peak hours and the situation is not going to improve unless some long-run corrective measures are taken immediately. It is anticipated that the overall energy requirement of Pakistan will be about 100 million tons of oil equivalents (MTOE) in 2015. The development of water resources would resolve the problem in the long run but in the short term, there was a limit to constructing costly thermal power projects given their high economic costs. A major shortfall is already there in natural gas supplies, as an official energy demand forecast indicates that the demand for natural gas, which makes up about 50% of Pakistan 's energy consumption, would increase by 44%, i.e. 39 MTOE from 27 MTOE currently.

A report by Cohen, Crawford, Stelcer and Atanacio (2012) shows that these power stations are contributing to climate change and affecting the health of residents nearby. Therefore, the author strongly believes that an alternative energy solution must be found to ensure a sustainable future for the benefit of the state, the country and the

When the gold mining and gold trade era came to an end, the whole world set its eyes on the next most expensive natural reserve on this planet earth- The Oil. And as we know, the Middle East has been an oil rich region from the start, therefore, the whole world wangled around the Middle Eastern countries to meet their oil consumption needs by getting their hands on this natural resource.

Two years later, Malaysian government had introduced the Renewable Energy Act 2011 to provide for the establishment and implementation of a special tariff system to catalyse the generation of renewable energy and to provide for related matters. This new regulation demonstrated Malaysian government is actively regulating and promoting renewable energy as part as climate change initiative. The Renewable Energy Act 2011 also introduced a new industry to Malaysia which is the renewable industry and since then it has become a vital role, not so much because of economic scale, but rather as responsible government for sustainable future,