Pikes Peak

OPEC and the U.S. Economy OPEC (Organization of the Petroleum Exporting Countries) was founded in Baghdad in 1960. It originally had five members; Iraq, Iran, Saudi Arabia, Kuwait, and Venezuela. In 1965 the headquarters for OPEC moved to Vienna where it remains today. OPEC is currently made up of thirteen countries and they are responsible for over 40% of the world’s oil production as well as over 70% of the world’s proven oil reserves. OPEC’s mission statement, according to its official…

What happens when the power is out and there are no more electrical devices available? It only takes a power outage to make people realize how much they depend on electricity. Currently, electricity is mainly produced by burning fossil fuels like petroleum. However, it has been widely debated whether fossil fuels were the best way to produce energy for consumers. It is arguable that alternative energy sources such as wind energy can produce better energy. Although burning petroleum is the main…

Furnace Replacement | Air Conditioning Installation Before Winter Arrives: Warning Signs it’s Time for a New Furnace When winter arrives you count on the furnace for a comfortable home. Being aware of the potential warning signs of a failing furnace ensures a new one can be installed before winter arrives. With cooler weather soon to be arriving, homeowner’s will be testing their furnace and scheduling maintenance with their HVAC technician. When firing the furnace up this fall, the following…

Government regulation, most of the gas and petro rights that the company has are owned by the government, the company earned these rights by paying money, but there is a chance of the government increasing these prices. Evaluation and analysis: From the SWOT analysis, we can see that the company has so many potentials to do better in the future and since the world is becoming a more energy based community, the requirement of oil is increasing by the time passes. In addition, the business has…

Over the last five years Venezuela’s economy has been decaying pretty badly. Most of the decline has come from government spending. Venezuela’s economy is dependent on how the oil revenues are now and what ends up happen with that is going to be what ends up happening with the economy in Venezuela. Around 95 percent of the export earnings come from the oil revenue. Since last reported in 2014 there has been widespread shortages with consumer goods, and there are issues with the central bank of…

The National Energy Act of 1978 was created in response to the energy crisis of the 1970’s. America oil consumption in the early 1970’s was rising, yet domestic oil production was declining. This made the US more and more dependent on foreign oil. In 1973, an oil embargo was imposed by the Organization of Arab Petroleum Exporting Companies (OAPEC), causing fuel shortages and prices to skyrocket. The price of oil shot from $3 to $12 in just 3 months after the embargo. The oil embargo was lifted…

SWOT Analysis It is important to know oneself in order to succeed in life. One of the tools in which one can use to do this is by the use of a SWOT analysis in which one identifies his strengths, weaknesses, opportunities, and threats. These are basically internal and external factors which influence the decisions that one make in their life more so in their career. This paper will contain elements of my own SWOT analysis, my action plan and highlight some of the benefits of such and analysis…

As an Environmental Studies student I have come to realize everything has an impact on the way this world works and many of those impacts are causes of human-environment interactions. Before reading this book, I had a basic concept about energy and the main complexities that came with it. As humans we have created a web of relationships that form our complex society and allows us to function efficiently, however, it is that connected that strains global energy needs. The smallest of changes…

According to Hedley and Gokkent (2015), as a result of the negative shift in Nigeria’s current account and balance-of-payments, foreign investment is forecasted to decrease similar to the substantial reduction the country experienced in 2014. As a result, the Nigerian government has attempted to harden their monetary policies through the increase of government spending (utilizing international reserves and savings accounts) and alleviate the number of investor outflows (Hou et al, 2015; Hedley &…

Renewable sources of energy Nicholas Reibel Northeastern University 8/12/14 Abstract Environment degradation has taken a global dimension. Human activities continue to cause interfere with the natural surroundings. The balance of the ecosystem has been defiled due to technological advancement, prominence of materialism, human greed, and misuse of nature and egoism of human nature. Non-renewable energy sources have been cited as responsible for environmental degradation. Efforts have…