Our world would be extremely affected by this. Factories would stop running, homes and offices if heated by oil would freeze in the winter. Oil is very important for the economy as well, many industries rely on this raw material for their survival and if it was not distributed correctly the economy would then collapse. Because oil its such an important resource for earth it is very important to discover new sources to create oil and extend the production lives of existing oil fields. The world uses about eight five million barrels of oil on a daily basis for more things than we can even imagine.
In 1969 the US Steel Corporation was the largest steel-producing company in the world and it accounted for a quarter of US steel production. Second and third in terms of output were the Bethlehem Steel Corporation and the Republic Steel Corporation respectively. Conclusion The 50s and 60s were a period of prosperity and large scale production in the US steel industry. However, rationalisation had also been on-going with more than 100 plants closing during these decades. Incipient problems relating to lack of innovation, poor management and import penetration were beginning to emerge and would become particularly serious during the next 2 decades.
In reference to Pakistan, we give the description of three of those resources that have sound chances of being exported replacing imports, and have potential for local consumption. COAL Coal mining is one of the oldest industries of Pakistan. Pakistan is classified to be the 7th largest coal producer in the world in a list of 20 world top coal deposit areas. According to a survey, Pakistan has about 185 billion tonnes of coal out of which, 175 billion tones are present in the Thar coal fields in the Sindh Province.... ... middle of paper ... ... trillion cubic feet of shale gas reserves. As mentioned earlier, Pakistan consumes 100% of the natural gas that it produces, so shale gas just might be an area of future growth in Pakistan.
Sweatshops are unethical, immoral and demonstrate Nike’s ignorance towards their social responsibilities abroad. Within these facilities, workers endure stressfully long days under undesirable conditions, often with no breaks and very little pay. While this is going on overseas, sponsored athletes are being paid million dollar salaries here in North America. Although Nike’s reputation has been foiled through the tabloids regarding this issue, they have been making a substantial effort to “clean up” production messes in the East. Nike, as many other companies do, facilitates production in other countries to help grow sales in those particular regions.
Through research and calculations, the difference between the pros and cons will be revealed. From there, I will express my opinions on the current rate of coal consumption. Background The greatest attribute of coal is its contribution to the production of electricity. Throughout the world, coal is used the most in order to generate electricity. About 6.2 billion tons of coal is the total amount consumed by the whole world every year, and 75 percent of it is used to make electricity.
Frequently, the explorers create a geological map of the area which is suspected to hold reserves of coal, followed by geophysical and/or geochemical surveys. In the end, exploration drilling is performed in order to draw a precise picture of the area which is subject to development. However, ... ... middle of paper ... ...ping world works on abolishing poverty, and economic growth occurs, the demand for energy consumption will grow proportionally. It is estimated that developing countries “will increase their share of world energy consumption to about 40% by 2010 and to 45% by 2020.” (Priddle 8) “Electricity is one of the most effective and environmentally responsible means of delivering energy to end consumers.” (Priddle 8) In developing countries, the choice of picking an option of delivering electricity is mostly based on the cost and complexity of that option. Since most of the countries are heavily reliant on agriculture, this presents a barrier to the large crop plantations of energy that would be required in order to build and fuel biomass energy systems Nuclear power is out of the questions because of the low technological capacity, and the matters of international security.
West Virginia needs the jobs, income, electricity and tax revenue that coal provides. Coal provides 30,000 direct jobs in West Virginia, which account for a total payroll of close to two billion dollar. In addition to the payroll taxes collected from those jobs, there is a significant amount of additional tax revenue generated by the coal industry. Taxes paid by the coal companies and the electric utility companies account for two-thirds of all business taxes paid in the state. In addition, the coal companies and electric utilities pay an additional seventy million dollars in property taxes each year, which go directly to the counties.
(IEA “Oil Market Report”, 2014). Culminating from this past year’s numbers, the Energy Information Administration believes that American production will continue to soar in 2014, adding 782,000 barrels, coming to a total of 8.3 million barrels a day. This paves the way for the U.S. to overtake Saudi Arabia and Russia as world's largest oil producer by 2017 (IEA, “World Energy Outlook 2013”). The graph above, from the EIA’s “Short Term Energy Outlook” in 2014 illustrates the rising trend in US fuel production. Although it includes all liquid fuels, thus creating the discrepancy between the graph’s numbers and the numbers from the preceding paragraph, the growth trend is still evident.
Nuclear power plants and the burning of fossil fuels both supply significant amounts of power to the Unites States. Nuclear plants produced nineteen percent while fossil fuels produce sixty-six percent of the United State’s electricity. In 2011, the average nuclear power plant produced 12.2 billion kilowatt-hours (Energy Information Administration n.d.). The fossil fuel coal produces 1870 kilowatt-hours per ton (Energy Information Administration, n.d.). This means that a single nuclear power plant is the equivalent to over 6.5 million pounds of coal.
According to a statistical analysis by the EPA, 40% of U.S. carbon dioxide emissions come from electricity production, and burning coal accounts for 93% of emissions from the electric utility industry (US Environmental Protection Agency). Almost every piece of technology used in the 21st century requires electricity and to produce the electricity necessary for the technologies the Earth is paying the price. In addition, carbon dioxide emission from automobiles follows fossil fuel burning power plants in being a large contribution to high carbon dioxide levels in the atmosphere. Automobiles emit an average of 1.5 billion tons per year in the United States. As population continues to grow exponentially, the demand for automobiles and electricity in households will indubitably increase the level of carbon dioxide in the atmosphere to alarming rates that are beyond the point of no return.