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Positive aspects of fracking
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Positive aspects of fracking
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INTRODUTION Siemens AG, a German company, has its headquarters in Berlin and Munich. It is the largest engineering company in Europe with branch offices worldwide. As of September 30, 2015, we had around 348,000 employees in more than 200 countries. In fiscal 2015, they generated revenues of €75.6 billion. Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. In order to take full advantage of the market potential in these fields, the business is divided into nine divisions and healthcare as a separately managed business. Looking at the revenues, the top three divisions contributing are as follows: 1. Power and Gas Division: Provider of a wide range of products and solutions (gas and steam turbines, …show more content…
Healthcare Division: Using its engineering excellence, Siemens undertook ground-breaking role in helping healthcare professionals to improve care and extend it to more patients. Helsinki University Hospital in Finland was looking for a way to improve acute stroke care and optimize patient outcomes without increasing costs. Together, the hospital and Siemens Healthineers analyzed processes and changed them to better connect the ambulance services with the emergency department and the latter with the neurological department. Independent of your specialization or size, Siemens is committed to deliver you with cost-efficient solutions, starting point being the patient’s bed. They help to achieve diagnostic confidence at the point of care and support people with the evaluation and monitoring of chronic …show more content…
However, annual growth rates, which have been over 2 percent until now, will be only half as large after 2025. Fossil resources accounted for almost 82 percent of global energy consumption in 2012, and their share is expected to be about 75 percent by 2040. Global demand for natural gas in particular will grow by more than 50 percent, according to the report. That is the highest growth rate of all fossil fuels. By 2030, according to IEA calculations, natural gas will become the leading fossil fuel in OECD states too. The share of coal, on the other hand, is predicted to fall to 27 percent by 2035, when it will be level with natural gas. Unconventional natural gas will be responsible for almost 60 percent of worldwide growth. An analysis undertaken by Siemens’ Corporate Information Research Center (IRC) identifies shale gas as the fastest growing segment. In the U.S., for example, it already accounts for 44 percent of total natural gas production. In the U.S., energy is plentiful and less expensive than in other countries, due in no small part to fracking technology. IEA experts expect that in the 2020s the average cost of an energy unit will actually be lower in the U.S. than in
Comparing the contributions and costs of the three product lines OM, LR and NP as a percentage of the total division’s numbers for the three years can give a detailed picture on the successes and failures of each sub-division, their strengths and weaknesses.
Coal is by far the most abundant of fossil fuels, and will be available for much longer than oil. Having been harvested and burned since the 13th century, a massive infrastructure has been formed to quickly and efficiently mine, deliver, and burn coal. Coal is also the cheapest of fossil fuels (The Futurist, 1997)
In today's global economy, energy is one of the most crucial and sought after commodities. Who supplies it and how much they supply determines how much influence they have over other countries as well as the global economy. This is why hydraulic fracturing is currently such an important and controversial topic in the United States. Hydraulic fracturing, more commonly known as "fracking" or hydrofracturing, is the process of using pressurized liquids to fracture rocks and release hydrocarbons such as shale gas, which burns more efficiently than coal. This booming process of energy production provides a much needed economic boost, creating jobs and providing gas energy for Americans.
The United States has an immense amount of proven natural gas reserves that could become a major source for the nation's energy future (1). The mining of the natural gas resources have become feasible and cheaper due to the advancement of hydraulic fracturing technologies which have increased the amount the extraction and enabled “greater access to gas in shale formations” (2). Hydraulic fracturing, or fracking of shale formations has positive benefits that includes economic growth and the natural gas extracted is cleaner than coal and oil, however it has caused serious environmental problems and possibly could be the cause of recent seismic activity in areas where fracking operations exist (3).
From the home to factories, families and industries are reliant on the use of nonrenewable fossil fuels to feed the needs of the everyday human. Fossil fuels are the main source of energy over clean, renewable sources such as the use of wind, solar energy, and water to power our homes, schools, and industries. In fact, about 85% of energy use comes from fossils fuels. The main reason being that using fossil fuels is cheaper than wind and solar energy. “For nearly two centuries, fossil fuels have been the cheapest source of energy” and widely abundant (Marburger, A global framework: international aspects of climate change). However, overtime fossil fuels will disappear due to the lack of time to replenish itself with the human races rapid use of it. Despite its current status of availability, there are many controversial issue in using fossil fuels; the most prominent issue being that it is the cause of rapid climate
Throughout the past three decades, energy has been a perennial issue in United States politics, economics, and media. The main concern surrounding this topic is the idea of energy independence and how the United States should proceed into the future. Energy independence relates to the goal of reducing United States dependence on importing foreign oil and other foreign energy sources. This desire aims to maintain energy dependence domestically so the United States can avoid reliance on any unstable countries and be detached from global energy supply distribution. It is currently being speculated that the United States might not be too far off from this goal. America’s dependence on foreign oil has gone down every single year since 2007. In 2010, the U.S. imported less than 50 percent of the oil the country consumed -- the first time that’s happened in 13 years -- and the trend continued in 2011 (Zhang.) Experts credit new technology as the reason the United States is within several years of again becoming the biggest oil producer in the world, and perhaps two decades away from full energy independence. Hydraulic fracturing, fracking, is the “lead” technology in this technological revolution. Fracking is an economically more feasible way of drilling for oil or gas in harder to reach geological formation. Within the past decade or so, combining hydraulic fracturing with horizontal drilling has opened up shale deposits across the country. It has brought large-scale natural gas drilling to new regions that may not have had accessible deposits in the past. These areas have greatly benefited from the addition of this industry to their local economies. Certain are...
United States is known for their innovation towards alternative energy like solar power, wind power and nuclear power. However , these alternative energies are not completely beneficial towards the United States. For example, Hydrofracking; What is hydrofracking? Gas industries use hydrofracking to extract natural gases from shale ground in order to power Americans homes. When gas industries hydrofrack, they dig ten-thousand feet into the mantle of the earth and turn perpendicular to the t into shale layers with cement and steel casing to prevent leaks.
Cisco Systems, Inc. is a leader in networking for the internet, they develop hardware, software, and services to help create internet solutions that make internet networks possible. Cisco was founded in 1984 by a small group of computer scientists from Stanford University. They are a worldwide company with headquarters in: San Jose, California, Amsterdam Netherlands, and Singapore. Currently, they employ approximately 74,000 people throughout the world. Cisco operates on a set of values which include: change the world, intensely focus on customers, make innovation happen, win together, respect and care for each other, and always do the right thing. They show these values through global involvement in education, community, and philanthropic efforts. (Cisco, 2004)
General Electric (GE) is a public company that provides services in the following segments: Energy, Technology, Infrastructure, Capital Finance, as well as Consumer and Industrial. GE, along with 3M and Siemens, all compete in the Diversified Machinery Industry whose products range from large turbines and medical equipment to laundry machines and coffee pots. This is a unique industry that has pure competition where companies have products that are mechanically the same, but is completely open for differentiation of those products. Products will lack value if they are not differentiated from their competitors’ products in the eyes of the consumer. Additionally, innovation is extremely important in this industry causing those who do not innovate to lose profitability quickly.
Each company must worry about the threat of new products being created that can make their product obsolete. Every product of General Electric has the threat of substitute. Being very well-diversified means that GE is spreading the risk of failure in every market.
Siemens is a German conglomerate that specialise in electronics and electrical engineering. They currently operate in four different sectors, these being Healthcare, Industry, energy and Infrastructure & Cities sector (Siemans a). They are represented in 190 countries (Siemens b), employ around 362,000 employees (Siemens c) and in 2013 achieved a revenue of €75,882 million and a net income of €4,409 million (Siemens d). This essay will focus on Siemen’s energy sector.
At the time of the case, why has SAP America grown so rapidly? What challenges have been created by the company’s explosive growth?
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).
2. Planes: SIA have 22% 747-400 aircrafts of total production in the world. These planes are greater flying range, better fuel efficiency and quieter cabin than other airline. High unique and valuable that SIA has strong competitive power for attract consumers, and lower cost than other airline. Also if other airlines want to purchase more 747-400 that will use huge money, which is difficult.
Fossil fuels are energy that is in the form of coal, oil, or natural gas that comes from organisms from millions of years ago. The cycle to create fossil fuels takes millions of years to form and is therefore considered a nonrenewable resource of energy. Fossil fuels have been the primary source of energy for man ever since the age of machines, but one of “the main problem[s] with fossil fuels is that there is a limited amount of them” (Problem with Fossil Fuel). As countries become more developed, like the United States, they too will become more thirsty and dependent for fossil fuels. “In 2004, America spent approximately $270 billion to fufill its oil need.” and “90% of all transportation is fueled by oil” (Nakaya 10). With the global rate of fossil fuels going up it is inevitable that they are going to run out, forcing countries to choose an alternative energy source. The other huge problem with dependence on fossil fuels is the effect that the emissions have on the climate. Fossil fuels are made of carbon chains and in order for the reaction...