¶ … Future of Technology
What qualitative parameters might be considered in future energy price scenarios -- take the year 2025 and list, with a brief explanation, the parameters you consider should be included.
Many measurable elements of an energy future exist because they are in use in the present. These quantities, such as the amount of fossil fuel that will be available for use in the year 2025, can be determined through testing and geological surveys. It can also be estimated how much fossil fuel will be used during that amount of time to a fairly reliable degree (Brandon & Lewis). However, there are goals that are less available for exact determination. These more nebulous goals are what government agencies like to present to the public because they sound good, but they are also the parameters by which future energy pricing might be determined.
The efficiency of a system, either of delivery or extraction, has to be considered one of the qualitative variable that will affect the price of energy in the future (Smith & Rogers 11). Current oil prices are subject to many variables such as extraction of the crude resource, processing and storage (Environmental Science), and the efficiency of these different stages are graded. If the product is lost in anyone of these stages then the loss is counted in the price. Solar energy is thought to be a sustainable resource that will form a large part of any future energy plan. The continued efficiency of collecting and concentrating technologies will reduce the price of solar power as it goes forward.
Three different qualitative parameters were suggested in a publication called "Deciding the Future: Energy Policy Scenarios for 2050" by the World Energy Council in 2008. These three -- accessibility, availability, and acceptability -- all have to be considered in any future plan.
Accessibility speaks to how easy the new or existing source of energy is to get to. The primary source of power used today is difficult to access because it is below the ground and requires expensive equipment to retrieve. This difficulty of accessibility also speaks to the individual consumer and the delivery system. Presently there are thousands of gasoline stations in the United States, but there are very few that can renew a fuel cell's power needs. Hydrogen is thought to be a major component of the future, however it is not incredibly accessible at present and would have to be more so to be truly considered a major component.
The former discussion of hydrogen fuel cell refueling also speaks to availability. If a fuel is a good source of power, but is not very available for the average consumer then it is not especially tenable as an alternative. This also speaks to sources such as the possibility of magnetic and other Earth sources that are presently neither accessible or, subsequently, available.
The third of these may be the most crucial; that is acceptability. These fuel sources must be acceptable by the general public and the government. If the government sees that a fuel source, such as fossil fuel, must still be used, they may begin to tax it out of proportion to other sources of fuel thus making pricing a definite concern.
Another pricing concern is the potential of the energy source. New technology is expensive, but if the future reward outweighs the present investment, then the potential will affect whether the source is used or not (Brandon & Lewis). Potential of a fuel source can be seen in such technologies from nuclear to solar to wind. Nuclear power is already a reality, but there have always been concerns about disposal of waste. Since new technologies are making these concerns virtually irrelevant, many are considering nuclear a viable source again. This technology can also work to drive future overall energy costs down. Solar is readily available and becoming easier to collect and distribute. Wind turbines are showing up all over the world because they use a renewable source of energy that requires very little maintenance and is easy distribute. The potential of these technologies, and others that have yet to be considered in future energy plans, will have a decided impact on energy pricing scenarios.
Which of these can you reasonably quantify? (Attempt to identify at least five parameters).
Probably the most quantifiable aspect of any of the parameters above is availability. Potential and acceptability of a new energy source are very difficult to determine, especially if it has...
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