Emory Peak

      In this paper, I am going to discuss how the oil cartel known as OPEC (Organization of Petroleum Exporting Countries) impacted the United States economy in the 1970’s, how the effects of this are still felt today, and how their power should continue to influence our thinking where foreign policy and energy policy are concerned. First I will explain what OPEC is, its history and how this concerns every citizen in the United States. Then I will discuss how leaders

What would happen to our world if our energy unexpectedly disappeared? Fossil fuels are very important to our world because they provide an overwhelming majority of our world energy. So, what happens when they run out? This research paper confronts this question with a balanced view attempting to address the issue of what sources might provide energy in the future and come to an objective conclusion. As the world enters a new century, new sources of energy such as wind, solar, and hydrogen power

Table of Contents 1 Introduction 4 2 Historical Overview of Oil prices 5 3 Dependence on Oil and Impacts of High Oil prices 7 Determining the Dependence of a Country 8 Dependence on oil-imports 8 Substitution 10 Costs Compared to Income Level 10 Impacts of High Oil prices on the Economy 10 Decline in Aggregate Demand 11 Production Costs 11 Inflation and Unemployment 12 Investment 12 4 How to Minimise the Negative Effects of High Oil prices 13 Monetary Policy 14 Implementing Monetary

The world currently faces a major problem. This problem is the need for alternative energy sources which can be converted into electricity because the main energy source currently used is coal and the coal deposits will not last forever. The main alternative energy sources that many countries are currently researching are wind, solar, hydro and nuclear. But there is currently another source of energy that is heavily debated to see whether the pros outweigh the cons. This energy source is natural

In the world today, alternative energy source which is an alternative to fossil fuel and nuclear energy is becoming more and more of a necessity. Right now, the world’s population growth has caused an increase in the energy demand. Rosenberg (2009) pointed out that the world’s current growth rate is about 1.14%, representing a doubling time of 61 years. OECD's International Energy Agency[IEA] (2014) found that from 2011 to 2035 the world energy demand is likely to rise by more than two-thirds. Though

Lester Browns Plan B 4.0: Mobilizing to Save Civilization is one of a few books published that reveals in depth planning to ecological sustainability. Lester Brown is the President of a non-profit research organization titled “Earth Policy Institute,” which he founded in May of 2001. Mr. Brown has developed a four step plan to make the Earth a cleaner and better place. Throughout this paper we will be weighing the pros and cons of Lester Browns four step plan. Lester Brown’s plan has lots of upside

1.1 Introduction Secure energy supply is vital to our modern world. As the economy and world population grow, the consumption of energy is larger than ever. Energy shortage is one of the most concerned social and economical issues to our society. Both industrial and domestic lives rely on the energy provided by energy sources from one form or anther. Petroleum, coal and natural gas are the most produced and used energy sources. Mining technologies are required to obtain the raw materials of these

Energy represents an important aspect in our life for all living creatures. It was defined as the quantity that will be assigned to every particle, object and the systems of objects (Harper, 2007). Besides that, energy plays a fundamental role in the continuous development and the economic growth of every country. Meanwhile, the depletion of energy sources and the global climate change push the world to look for better solutions in the sustainable sources of energy (Dermirci and Miele, 2009). 1

are giving rise to greater environmental risks, while competition for access to new prospective regions is generating increasing geopolitical tensions. According to the International Energy Agency, the rate of world crude oil production reached its peak in 2006.[IEA 2010a) The IMF has joined a chorus of energy industry analysts in concluding that scarcity and high prices are here to stay.[IMF 2011a, 2011b]   A collapse in demand for oil resulting from sharply declining global economic activity could

Government Subsidies to Correct Externalities The provision of energy is riddled with market failures. For instance, the U.S. maintains a military presence in the Middle East at least partly in order to secure energy supplies, but to what extent do U.S. consumers pay for that at the pump? Anecdotally, petrol costs about half in the States what it does in Europe. For another example, short haul flights are often cheaper than train tickets to the same destination, and yet, air travel is about