Although some may say that offshore oil drilling is worth the mass amount of environmental destruction, it is actually true that the costs deeply outweigh the benefits, because while oil production may slightly help the country’s economy, it damages the planet we live on, resulting in the death of marine life, climate change, and a lowered quality of life due to oil related health complications. When a proponent for offshore drilling looks at an offshore drilling rig, they only see money, when…
Declining Oil Prices The current price of crude oil as of July 7, 2017 is $44.23 per barrel (Macrotrends). Oil prices are currently at a six-month low due to reports of increased gasoline stockpiles and decreased demand in the summer season (CBC News). Canada is among one of the world’s largest energy producers due to its large supply of oil reserves. When oil prices are rising, our country’s economy experiences tremendous growth and the stock market rallies. The decline of oil prices since…
world is so reliant on this finite resource it is a crucial problem that needs to be addressed with a sense of urgency. Peak oil will force the change in which society operates and will have a dramatic influence on the economic condition of the world as it has had in previous years. The demand for oil globally is going to be forever increasing unless alternatives are found. Peak oil is unquestionably linked with the economic state of nations and has great potential to lead to another…
“Hot, Flat, and Crowded”, had a general theme throughout the entire book about the current state of the world and what we should be doing in order to make it better. The author, Thomas Friedman, discusses the three major issues he sees in the world, as evident by the title of this informative book. The term “Hot” refers to the current state of the climate and how the Earth is experiencing a process known as global warming. Global warming is the process by which the planet becomes increasing…
Manfred B. Steger proposes the concept of globalization to describe the interpenetration of globalism and nationalism, and in the near future, East Asia and the world’s growing economy, ecologic demand, and culinary cuisine will shift and cause the region to adapt to change and progress in its innovations, stability, and dominance. The future of the East Asian region is contingent on Steger’s concept of globalization, specifically in the multidisciplinary aspects of economy, ecology, and…
The great consumption of fossil fuels and the exponential increase in human population have also increase the greenhouse gases on the planet. The depletion and of petroleum and to their harm to the environment, biofuel arise as a promising option to replace fossil fuels in the future. Biofuel are derived from biomass conversion with many different examples such as biogas, biodiesel and bioethanol as the most currently used, and biofuels are considered not to leave a carbon print to the…
Another one of the more substantial issues with switching over to renewables is the constant and the inevitable question of how do we store the generated power? Many scientists have grappled with the problem of trying to discover the best way to conserve the energy, which is a difficult task, because the energy is continuously being stored, some even going as far as to suggest making a new type of grid, similar to the ones our houses are currently connected to which could work for holding small…
Are we doing enough? Over two hundred years ago, man witnessed the evolution of energy that sling shot humanity into a new age. Coal rich in carbon replaced wood as the number one fuel source. The energy found in coal supplied the fore fathers with the means to manufacture steel, power steam liners, and run machinery. The world had no idea a hundred years later that its need for more energy would dramatically increase. Oil and natural gas where explored. These highly efficient energies would…
1.0 Introduction Richard J. Muller is an accomplished professor at the University of California at Berkeley with expertise in a variety of areas including: energy efficiency, conservation, solar power, and nuclear power. His book “Energy for Future Presidents” is an open monologue where Muller expresses his thoughts on the current state of energy sources and its potential in a growing world where the demand for energy is continually escalating. The need for this book stems from a lack of…
How will falling oil prices affect the economy globally? Due to a surplus in supply and unchanging rate in demand, the falling oil prices will benefit consumers but it could potentially hurt producers’ worldwide. Historically speaking, oil is seemingly a very important part of human and economic development. In the early days, finding oil during a drill was considered troublesome, as the intended find was normally water or salt. However, in 1857, the first commercial oil well was developed in…