The Rapidly Evolving Energy Crisis - 665 Words

One of the biggest problems we face in the growing world today, not just as a country but also as the whole planet, is the rapidly evolving energy crisis. With the depletion of our fossil fuels on the rise, along with mass pollution emitted from the power plants that produce energy from these sources, we turn to other methods of producing electricity to help provide the vast majority of power for the world. The biggest issue with factoring out fossil fuel is that currently, fossil fuels create such a large percentage of the world’s electricity, and the majority of ways to produce electricity, that closing the gap left by fossil fuels means mass development on a global scale of other methods to produce electricity or creating a new way to produce electricity that is surpassingly effective. The big question that we are facing here is how are we going to generate the electricity lost to fossil fuels. In the world today about 68% of our electricity is produced from using fossil fu els. This breaks down into 41% from coal, 21% from gas, and 5.5% from oil. Another 13.4% of our power is produced from nuclear fission, and then the last 19% is from hydro and other renewable sources such as wind and solar. This leaves us with only two possible means to produce electricity, nuclear and renewable sources. Now renewable sources are fantastic for producing energy in the sense that as long as there is light, wind, and water you will have a fuel supply for virtually forever, but they areShow MoreRelatedSamsung Case686 Words   |  3 PagesFinancial Strategy: During the Asian financial crisis of the late 1990’s when other Korean chaebols collapsed beneath a mountain of debt. Samsung, cut costs and reemphasized product quality and manufacturing flexibility, which allowed consumers electronics to go from a project phase to store shelves within six months. This was a financial strategy that Samsung’s company used in order to perform well during the crisis. Innovation: during the same crisis, the company invested heavily in innovationRead MoreToyota Motor Corporation ( Japan ) Essay1195 Words   |  5 PagesThe company has acquired over 600 subsidiary companies; they specialize in the production of automobiles, auto parts, commercial and industrial vehicles. In 1936 they produced the first Toyota a Model AA Sedan, the company rapidly began to grow but, was faced with an economic crisis after World War II which forced them to stop the production of automobiles. Toyota managed to reopen production factories by the 1950s, they began to research and study on how to improve the production of cars, in fact;Read MoreThe Relationship Between Economic And Urban Form1362 Words   |  6 Pagessupposition that if each unit met or exceeded its plan, then the demands and the supply would balance out one another. Just like the Nazi invasion, the central planning system allowed the Soviet leaders to assemble resources quickly during the time of crisis and to reindustrialize the country during the post-war period. The Soviet Union became a superpower with the help of the gradual development of its defence and the industrial base after the war. The economic system of the Soviet was in place for sixRead MoreCurbing Overconsumption : Challenge For Ethically Responsible Engineering Essay1181 Words   |  5 Pages In â€Å"Curbing Overconsumption: Challenge for Ethically Responsible Engineering,† professor E.J. Woodhouse discusses the causes of the modern environmental crisis, particularly how engineers should be responsible for aiding the environment. 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Originally, when theRead MoreNo Ordinary Disruption By Richard Dobbs1066 Words   |  5 Pagesof it ease of transference and makes trade possible. o As represented with trade, developing countries are starting to become a source of and just a receiver of capital flow; assets are crossing borders more than ever before. o The 2008 economic crisis had a lasting impact, but will ever-increasing connections and growth from emerging impacts; we can expect rapid financial growth. †¢ People o Humans are through work, studying and traveling are becoming more connected then ever before. Higher incomesRead MoreOpec : Research Report On Petroleum Exporting Countries1683 Words   |  7 Pagesfinancial crisis led to overspeculation, sending prices in a downward spiral once again (Said). This combined with increased pressure from the United Nations over carbon emission’s effect on climate change lead to major cuts in global output in 1998 and again in 1999 (Said). The turn of the century led to extreme global evolution not only of the petroleum industry but of political, economic, and environmental factors. In such a rapidly changing world it is extremely difficult for the energy industryRead MoreTechnology Is The Most Advanced Species On Earth Essay1305 Words   |  6 Pageselectricity per year (Wilson, n.d.). We already use this resource tremendously, but imagine the usage with the exponential growth of our population. It is unavoidable that the demand for electricity will increase as the population grows. In turn, this will rapidly drain coal mines as more coal will have to be retrieved to supply the world with electricity. The more coal needed to burn when creating electricity, the more carbon dioxide (a compound that, in high numbers, pollutes) will be emitted, thus increasingRead MoreSilent Spring By Rachel Carson952 Words   |  4 Pagesrestoring, protecting, and enriching habitats that have been damaged by humans. This has been pro ven in science, however it will be discussed whether legal frameworks surrounding ARs are fit for purpose and adaptive to suit the ever changing and evolving science behind the ARs. The concept or definition and an artificial reef (AR) is quite fluid, as there is no set structure type. Overall, many scientists would describe artificial reefs as objects that can be man-made or natural objects that haveRead MoreThe Crisis For Resource Scarcity1592 Words   |  7 Pageswith rapidly evolving technology, consumers are far too consumed with living in the current moment with little to no regards for future impact. In this paper I will discuss some intersections of economic, social and environmental factors that water scarcity encompasses, and why it is crucial to address this crisis now and frontward into the next decade. The big question concerning policy change, behavior change and movement towards a more â€Å"green market† would be, can the reality of the crisis for