Peak oil

energy capacity as needed; allowing investors an opportunity to invest smaller and less risky amounts of money. This makes investments in solar power much more appealing due to low risk and quick rewards. Another advantage solar facilities have over oil and gas pipelines or nuclear facilities is that they are much less vulnerable to terrorist attacks. Solar energy, like all renewable energy resources, does not produce hazardous wastes and are geographically dispersed. Solar energy also has a…

Olive Oil Production as Economic Activity In terms of its sheer impact on society, olive oil was the petroleum of the ancient world. The fruit of the olive tree and its oil provided food, medicine, and lubrication. The production of olive oil was a capital-intensive effort that required long-term planning. In Olive Production and the Roman Economy: The Case for Intensive Growth Empire, Robert Bruce Hitchner argues that the rapid growth of olive production and export suggests that rational…

influence significantly on how the company operates and the demand for the products in this industry. For example, there are increasing awareness on more friendly fuels such as natural gas and reducing in the usage of “dirty” fossil fuels such as coal, oil sands, and shale gas. Besides, the cost of labour will increase due to less-willing and smaller workforce caused by the ageing population (Bargorett & Williams, 2014). Different management strategies are used such as hiring older workers to…

resources; disruptive climate change; energy poverty, which is dividing the world electricity-haves and electricity-have-nots; rapid accelerating biodiversity loss, as plants and animals go extinct at rising rates; and a massive transfer of wealth to oil-rich countries and their petro dictators. Friedman thinks that these concerns and how we manage them will define the energy-climate era. The book informs the reader of the three main aspects that worsen the problems and how it could lead to…

coincidentally coincides with the rise and fall of world oil prices. Russia currently is supported by a single market economy, and the political institutions during the Soviet Union before were based on performance legitimacy. During the rise of Putin and therefore competitive authoritarianism, as they are not mutually exclusive, we have seen extraordinary growth, around 6.7% average. However, much of this growth is directly due to rising oil prices. Rising oil prices has allowed Russia to…

Nuclear power in China has for a long time now been accorded significant attention due to the potential it has in the generation of alternative sources of energy. Previously, the country had a high reliance on coal power occupying around 70% of the total energy production. According to World Nuclear Association, 6% of the country’s energy was produced from hydroelectric energy while 1% was produced from nuclear power with the renewable energy sources also occupying 1 percent. However, due to the…

Immigration is driven by various factors such as the increased population in the world (Bansak, Simpson and Zavodny). Such increase is further complemented by the introduction and growth of the modern technology that enables people to move from one place to another regardless of the distance between at a given time. Energy consumption, on the other hand, has been affected by the increasing demand for energy supply in daily activities such as transportation, cooking, entertainment, learning…

degradation for the sake of the future generations. The development of the sustainable energy policy is required to change values and lifestyles in energy production and use. The decline of petroleum production near the end of the 21st century will cause oil and gasoline to be in shorter supply and more expensive but before that they need to be reduced to decrease global climate change. Although people living in industrialised countries are relatively small in percentage compared to the world’s…

If left unchecked, anthropogenic climate change will have monumental consequences for the international community. To a large extent, these consequences will arise from the underlying issue of resource scarcity and its associated economic, political and social dilemmas. As a result, this essay asserts that anthropogenic climate change and resource scarcity are intrinsically tied. To develop this assertion, this essay will explore ways in which resource scarcity, as a result of anthropogenic…

United States, once the world’s largest producer and still its largest consumer, must import half of its oil supply, weakening its overall strategic position and adding greatly to an already burdensome trade deficit – a precarious position for a great power” (Yergin 14). So said Daniel Yergin in the prologue of his 1990 bestseller The Prize: The Epic Quest for Oil, Money, and Power. Today, oil retains its importance in the hydrocarbon societies of developed and developing countries as a major…