Energy Crisis Interrelated to Global Warming. Photovoltaic Cell – A Possible Solution Abstract- The world’s energy crisis has worsened in recent years, as oil prices dramatically increased due to the limited amount of available oil. Global warming is considered as a byproduct of energy crisis, because as oil continues to burn in the refining process, CO2 is constantly emitted to the atmosphere at a fast rate and in heavy concentrations, which in turn, worsens the global warming situation. Photovoltaic cell technology converts sunlight into direct current electricity. This source can be a possible solution to solve the energy crisis as well as the global warming issue. Introduction- Energy crisis has remained a top concern in the world today. Fossil fuels, the most widely used energy source in the U.S. and in the world, is rapidly being depleted due to the fast consumption rate. Since we are highly depended on oil for transportation, cooking, and communication in our daily lives, the oil storage is starting to run out and eventually it will be all gone. Petroleum oil is always considered as a cheap energy source; however, the price of oil per barrel and per gallon has gone up significantly worldwide. The price of oil has already passed $60 per barrel, due to the energy crisis and oil shortages (Crude Oil Futures Prices – NYMEX, 2005). The increased oil prices and the limited energy resources will have a great impact to the global economy where stock prices fall, unemployment rates increase, economic recession and inflation can occur. Burning fossil fuels are not only causing the existing energy crisis in the world but are leading to global warming as well. Due to the excessive burning of fossil fuels, the ... ... middle of paper ... .... Website: http://www.cintelliq.com/res_photo.htm Renewable Energy (2005) The Wikipedia Free Encyclopedia. Retrieved July 23,2005. Website: http://en.wikipedia.org/wiki/Renewable_energy Turner, John A. (1999) A Realizable Renewable Energy Future. Retrieved July 21, 2005, from Energy Viewpoint. Website: http://www.sciencemag.org/cgi/reprint/285/5428/687.pdf 14 The Coming World Energy Crisis. (2005) Retrieved July 21, 2005 from Planet for life. Website: http://planetforlife.com/ William, James L. Alhajji, A. F. PhD. (2003). The Coming Energy Crisis? Retrieved July 21, 2005, from Energy Economics Newsletter. Website: http://www.wtrg.com/EnergyCrisis/ Zittel, Werner. Schindler, Jörg (2003) Future world oil supply. Retrieved July 21, 2005, from University Salzburg. Website: http://www.energiekrise.de/e/articles/International-Summer-School-Salzburg- 2002.pdf
Since measurements began in 1958 -- and it can be assumed to have been the case since the industrial revolution -- emission of carbon dioxide into the atmosphere has risen steadily as a result of the burning of fossil fuels (Quay, pp 2344). Although there is much argument over the implications of increasing carbon dioxide levels in the atmosphere, there are several points that almost all scientists would agree on: firstly, carbon dioxide acts to absorb radiated heat; if present in our atmosphere will do just that to some extent. Second, the concentration of carbon dioxide in our atmosphere is rising. Third, the temperature of the planet is rising - although the amount of this increase and the causes of this rise are subject to disagreement (Philander, pp 193).
Why now? This a complicated question, but it boils down to the simple economics of supply and demand. Supply and demand means a relationship between how much of a particular product is available and how much of it people want, and especially the way that this affects the level of pricing. Now of course there would be a shortage of gasoline during the summer time when everyone is traveling Brent crude, the main international benchmark, was trading around $48 a barrel. The American benchmark was at around $45 a barrel (Clifford Krauss).
In 2004, crude oil producers around the world expected a 1.5% growth in the world’s demand for crude oil. The actual growth rate was more than double the projections at 3.3%. This growth was due to rapidly industrializing of foreign countries such as, China and India. Therefore the lack of crude oil affected the supply of gasoline to consumers at the pump.
According to the website of Oil-Price, today’s value for a barrel can be bought at the price of $41.25 this means that oil is not demanded as much as it used to be over the years, because of the awareness of the environment and also because it is a cyclical phenomenon, there’s no actual reason, but the price will eventually rise again. Since oil is used to produce gas, it would come with surprise if the price of gas is low since the oil cost are also low. Gas prices depend on oil costs and oil costs depend on
To understand the increase in gas prices, one must first identify the distribution of dollars paid per gallon at the pump. According to the U.S. Energy Information Administration (eia) in 2010, the annual average paid at the pump consisted of 68% crude oil, 7% refining, 10% distribution and marketing, and 15% taxes (see Fig.1). This shows an increase of crude oil over the 2000-2009 average of 51%. (e. I. Administration)
In 1970 oil reserves became more scarce, leading to a decrease in production, while consumption continued to grow rapidly (Wright, R. T., & Boorse, D. F. 2011). In order to fill the gap between rising demand and falling supply of oil, the United States became more and more dependent on imported oil, primarily from Arab countries in the Middle East. (Wright, R. T., & Boorse, D. F. 2011). As the U.S and many other countries became highly industrialized nations, they became even more dependent on oil imports. With demand being higher than the actual amount of supply, prices kept rising reaching a peak of $140 a barrel in 2008. (Wright, R. T., & Boorse, D. F. 2011).
Some predict that at the current rate of consumption, the dominant energy source, fossil fuels,
Climate change is a major issue that is only going to get worse. Climate change is a change in global or regional climate patterns. It has become more apparent since the mid to late 20th century onwards and is attributed largely to the increased levels of atmospheric carbon dioxide produced by the use of fossil fuels. Climate change has been an important issue for decades that has effects on the environment and people of the world with the end result potentially being catastrophic. Although many believe that prolific use of fossil fuels is the direct cause of climate change, there are many more underlying causes including population expansion as well as irresponsible consumption of natural resources that have
The main reason for the price increase is that OPEC (Organization of Petroleum Exporting Countries) has decided to cut back on its oil production. What is the reason for this? Simply stated, OPEC knows that they have the United States under their control in terms of what price they want to sell crude oil to us at, and how much they want to ship. With the present economic prosperity in the U.S., it didn’t take long for OPEC to seize the opportunity to make more money by cutting production of crude oil, and thus forcing consumers to pay more for fuel. Just how much higher are prices you ask? “Crude-oil prices in early March hit $34 a barrel, while a year earlier it was selling for $12 a barrel, which is nearly a 75% price increase since last year. This equates to an additional 48 cents a gallon” (Logistics Management 15).
The year is 2200. The world is going through a fossil fuel shortage. Oil reserves are almost completely consumed and it is becoming impossible to find new fossil fuel sources. Not prepared for this event to occur, The United States, has no alternative options. As a result of the oil shortage, the standard of living deteriorates. Heat in homes, supermarkets full of food, and transportation, all basic necessities taken for granted, will be depleted because fossil fuels are used to power almost everything. The key to the prevention of this future is renewable energy. Unfortunately the support for the use of renewable energy is weak and ineffective. Unless the US puts forth effort to research and promote the use of renewable energy to consumers, conversion from fossil fuels to renewable energy will no longer be an option.
gasses. .19% of solar irradiance has increased between the years 100 and 2000 and this
In conclusion, the supply and demand of oil is a complex issue that depends on several factors. Geopolitical affairs are the major issues that affect supply and demand of oil. Geopolitical factors include wars, uprisings and political inconsistencies in the world. Other factors that influence the demand and supply of oil include market domains, availability of oil, recession and the world GDP. Since 1859, the price of oil has been inconsistent. Despite the fact that oil prices increased and fell, there has been a considerable rising trend in those prices. In most cases, the falling of the price reaches the previous price level. However, increase of prices goes beyond earlier prices. This trend has seen oil prices rise over the years. With this in mind, it is clear that by 2020 the real price of oil will be more than 200 dollars.
One of the main issues with a considerable amount of carbon dioxide in the air is that “twenty percent of it will still exist in the atmosphere approximately 800 years from now” (Why does CO2 get the most attention). All of the fossil fuels consumed by humans in our lifetime will continue to negatively affect future generations; the gasses released will be in the air for years to come. Other harmful substances we produce on a daily basis, such as black carbon, methane, chlorofluorocarbons and hydrofluorocarbons (Victor) are also heat-trapping elements. Like carbon dioxide, when large amounts of these substances are released into the atmosphere, they trap the sun’s heat, and thus, upset the Earth’s natural balance.
Transportation sectors like cars, airplanes, motorcycles, and equipment with engines produce carbon dioxide which affects the atmosphere. The number one contributor of carbon dioxide gas to the atmosphere is fossil fuels. According to the World Watch Institute, humans has increased the amount of carbon released into the atmosphere. The increases rate of carbon dioxide into the atmosphere is around 3.8 yearly (Global Fossil Fuel Consumption Surges). According to an UN report, humans have had an influence on climate change and global warming since the mid- twentieth century. Scientists concluded in the report that the increase of gas emissions is one of the main priority causes of climate change. With that conclusion, they predict the probability of mankind producing climate change is from 95 to 100 percent (UNRIC). Meanwhile nature changes on earth at a steady pace, the heat trapping emissions, also known as greenhouse gases, increasing which causes warming up on the earth as year’s progress. The increase of the greenhouse gases may cause human civilization to experienced hot temperature never
The burning of fossil fuels has greatly harmed our environment and is a leading cause as to why climate change has become such a threat to our way of living. In May of 2013, the carbon dioxide levels in the atmosphere reached 400 parts per million, an increase of more than 40 percent since the beginning of the Industrial Revolution. This could cause the Arctic Ocean to be nearly ice-free during the summer by 2020(Overland and Wang, 2013).