Peak water

Nigeria has one of the lowest electricity generation per capita rate in the world resulting 6 in shortage of power supply and heavy dependence on fossil fuels (79 % of total). At present, 7 only 10% of rural households and 50% of the country’s total population have access to national 8 power grid electricity. Separate researches conducted by Energy Commission of Nigeria and 9 Global Energy Network Institute (GENI) have concluded that 100% stable power supply from 10 renewable energy is possible…

The crude oil price which usually fluctuates from time to time has brought mix fortunes to Nigeria since oil discovery in early 1970. For instance, during the periods of crude oil boom in the international market, Nigerian government makes lots of money from the crude oil sales, the Country’s currency (Naira) appreciates in value, Nigerians consumption pattern changes in favor of already made imported goods, etch. However, during the era of crude oil glut, which subsequently affect crude oil…

OPEC produce roughly 40% of the worlds oil, therefore if all the remaining producers were able they would massively increase supply and decrease OPEC market share, with a big enough response the price of oil would approach competitive allocation. OPEC must therefore take into account non-members when setting the price. Salant’s model argues that due to the presence of a competitive fringe the cartel must set the price lower than the monopoly price, reduce output and let the price rise rapidly.…

have globally consumed all available fossil fuels. We have reached a point in time where we must look into alternative resources preferably renewable ones. Alternative resources range from getting our energy from the sun, the wind, biomass or even water. However, new innovative thinkers have suggested using garbage as an actual energy source. While others focus more on what is available now and how we can take advantage…

Gasoline and Diesel fuels Gasoline and diesel fuels are one of those products that majority of the working class requires in the daily basis to conduct their regular daily activities. From taking their kids to daycare, or dropping the kids to school or simply driving to work. The demand for gasoline and diesel fuels is all around us. The driving fuel for our public transportation, Gasoline and diesel fuels prices are constantly adjusting to the supply and demand equilibrium. There many factors…

NASA receives 3.5 times greater funding than the National Oceanic and Atmospheric Administration (NOAA), yet NOAA could help preserve the world. Amitai Etzioni discussed how the government should be more concerned about the ocean because it impacts the climate. Government funding should be put towards oceanic studies because people receive a lot of their food supply from the ocean. Finally, Etzioni discussed the amount of energy that could come from harnessing ocean currents. Etzioni has a great…

When it comes to the topic of investing the government 's money, one controversial issue has been whether or not we are spending it properly. On the one hand, some people will argue that the government should invest more money expanding oil and gas. While others contend developing wind and solar energy would be the smartest way to go. Mark Lewis argues that oil prices could stay so low that is no longer economic to bring in high cost new oil fields. But even if the oil price does rise, it will…

Introduction The Keystone Pipeline was a proposed idea of a pipeline that would run from the oil sands of Canada to Steele City, Nebraska (“Keystone” 1). It would then connect with an existing pipeline that would administer it elsewhere. Since the proposal was for an oil pipeline that would cross international borders, it needed the President’s approval. The idea became such a controversial topic when President Obama stated that six days to decide the fate of this project was not a sufficient…

What is democracy? According to Webster’s dictionary, it is a form of government in which the people vote for their leader. In my opinion it is much more than that. I think democracy is not only people picking leaders as much as it is the freedom of choice. Democracy is the freedom to choose how we live our lives on daily basis. Growing up, we get to decide what our life dreams and goals are. I think in a democratic nation that we should be given the tools to succeed and the freedom to do as we…

Economic problem to be studied The crude oil price has been very volatile during the past several years due to the overproduction and an increasing inventory for major economies. It is very hard for the main crude oil producers to reach an agreement to cut global production all together, so the price reached a historical low level during 2015-2016 (Breul 2016), and to this day the oil price is still at a low level compared with decades ago. Since crude oil is a very important part for many…