Fossil Fuel Economics

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Al Gore stated, “Once the renewable infrastructure is built, the fuel is free forever. Unlike carbon-based fuels, the wind and the sun and the earth itself provide fuel that is free, in amounts that are effectively limitless .” The production of electricity is necessary for human life to sustain lifestyles and their needs. Fossil fuels are nonrenewable remains of ancient plants and animals that fossilize, and then they transform into a combustible material (McLamb). This means that once fossil fuels are consumed, they can not be recovered. Presently, most of our electricity is produced mostly by the means of fossil fuels. Every year, the world consumes four hundred quadrillion British Thermal Units a year (McLamb). Of this yearly consumption, …show more content…
Fossil fuels are very abundant in places like Europe and Asia, so the United States depends on them for practically most of their energy production. This idea of depending on another country is atrocious for the economy. In the past, the price of solar and wind power was very expensive. Now and in the future, the price of these methods of energy production will decline in price (McCarthy). Even though the cost of development of alternative energies is high, to produce the electricity through alternative sources is inferior compared to price of fossil fuels (Kukreja). The only cost after development is the price of maintenance, but when a structure of a hybrid alternative energy system is broken, the system should still produce power. If these parts of a fossil fuel factory are broken, then it is likely it would stop producing or it could possibly become a danger (McCarthy). Alternative energy has a low cost compared to fossil fuels, …show more content…
In the production of energy, there is always an emission of waste products. The product is mostly carbon dioxide, and this is the number 1 greenhouse gas (McLamb). Carbon dioxide is released from the burning of fossil fuels. These emissions of greenhouse gasses cause an increase in the overall temperature of the Earth. The emission of harmful gasses can also cause many health problems for humans and the environment (McLamb) “For example, a 2009 US analysis found out that by 2025, renewable electricity standard would lower power plant carbon dioxide emissions by 277 metric tons annually by 2025 - the annual output for 70 typical coal plants” (McCarthy). The potential growth of alternative energy will lower the present output of carbon dioxide. A prominent source of air pollution is the burning of oil in the form of vehicular power. This emission of gas through vehicles can be reduced by using a hybrid system of electricity (Breman). The use of wind energy releases a very small output of pollution that is a small fraction of the fossil fuel output (Maehlum). With the lowering of pollution through fossil fuels, it will help people live a very healthy

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