At the end of 2007, the yuan was appreciated by 7.5% approx. against the dollar, in consequence of these reforms. India According to the Oil & Gas Journal (OGJ), India had second-largest amount of proven oil reserves i.e. 5.6 billion barrels in the Asia-Pacific region after China as of January 2009. With a population more than 15 % of the world and high rates of economic growth , India has become one of the important consumer of energy resources.
The United States spends about $700 billion to $1 trillion in the process of fossil fuel burning. The United States produced about 28% of all greenhouse gas emissions in 2010 (US Global Change Research Program. 2009). According to Environment America, about $23 trillion will be spent on fossil fuels by 2030. The cost of wind power has gone down by about 85% making it more money efficient than fossil fuels (Natural Resources Defense Council) (Environment America).
Due to the rapid population growth and development the world is going through, the global demand of energy has increased and is expected to increase by more than 50% by 2030 (BBC.ND) with an annual growth rate of 1.6% (EIA.2011). However, energy demand differs between developed and developing countries whether it’s for power generating or for any other uses including transport and house hold uses. Energy is usually divided into two types, Renewable energy and Non-Renewable energy. The most common sources of energy are the non-renewable fossil fuels that come in form of oil, coal and gas. Although coal shows that most rapid increase since 2000 with an annual growth of 5.5% (International energy agency.
Coal has been used as a fuel source since 1819. Since that time, the population has grown three fold. During this period, industry in our state, and residential growth in our state, have also grown by leaps and bounds requiring more electricity. Our government has chosen coal to fire these generating plants, and there are fifteen plants in Texas. By 2005, Texas ranked third in the nation in coal-fired power production as published by the Texas Commission on Environmental Quality .
The global Pharmaceutical sector is worth US$300 billion and this is expected to rise to US$400 billion within three years. With 10 largest drugs companies controlling over one-third of the market, several have sales of more than US$10 billion a year and profit margins of about 30%. Of the top 10 six are based in the United States and four in Europe. It is predicted that North and South America, Europe and Japan will continue to account for a full 85% of the global pharmaceuticals market well into the 21st century. (wikipedia, 2014) In 2006, the US contributed 52 per cent of the pharmaceutical sector's growth, while the seven emerging markets of Brazil, Russia, India, China, South Korea, Mexico and Turkey referred to as “pharmerging” contributed 16 per cent combined.
Summary of Part – II Micro analysis of Tata steel Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of over 29 million tones per annum. It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 24.82 billion in FY 13, has over 80,000 employees across five continents and is a Fortune 500 company. Tata Steel’s larger production facilities comprise those in India, the UK, the Netherlands, Thailand, Singapore, China and Australia. Operating companies within the Group include Tata Steel Limited (India), Tata Steel Europe Limited (formerly Corus), Tata Steel Singapore and Tata Steel Thailand.
BMO’s days’ sales uncollected is 21.84days2 favorable when compared to its industry’s average of 98.59 days. This means that BMO can liquidate it receivables in lesser days than some or most of its competitors. BMO’s equity ratio shows that the owners of the company only owns 10.66%3 of the company’s assets. Compared to its industry
Prices will depend on the amount of supply and demand. After this year, companies are expected to dramatically increase production as new oil projects are introduced to the oil business, coming online with full production capacities. From 2008 to 2013, US crude oil production increased by 2.5 million barrels (EIA “Short Term Energy Outlook”). In fact, the International Energy Agency noted that "U.S. crude oil supply in 2013 registered the fastest absolute annual supply growth of any country in the last two decades, rising 15 percent in 2013." (IEA “Oil Market Report”, 2014).
Horizontal drilling was developed in the 1930s and the first well was fracced in the USA in 1947. The revolution has been reflected in the dramatic increase in the production of shale gas. In 2000 shale accounted for less than 1 percent of US domestic gas production. In 2007 it was 8 percent and only four years later, in 2011, it was 30 percent. However, a key point is that this American “revolution” in reality happened over a long period of time – well over 20 years in the making, although it is only in the last five years or so that the share of shale gas in domestic production has increased significantly.
With an annual growth rate of over 30% in the last few decades particularly in Europe, wind energy is the fastest growing renewable energy next only to the biomass energy sector. Companies such as Vestas Wind Systems have increased their wind turbine capacities in line with huge capital inflow backing the wind sector. Companies are adapting to energy-efficient business practices. As businesses increasingly continue to demand renewable energy, opportunities for green industries have grown immensely. Google’s $400 million investment in green energy has impacted its stock price positively.