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Economics of Energy and Fossil Fuels
1. A scratch-off card has no actual revenue collection mechanism that I can think of . Using them to tell somebody how much they have to pay also makes little sense. Both company and client would prefer to have certainty over the monthly billing.
2. Poland and Czech Republic have expressed concerns about Germany's decision to power down its nuclear plants. They had initially felt upbeat about the idea of selling more power to Germany as that country becomes a net importer. However, these concerns were matched by concerns that Germans would be willing (and able) to pay more for Czech and Polish power than the locals would be. This, combined with increased demand from Germany, would create a situation where local prices for energy would rise as locals would be forced to compete for their own domestic power supply (Buchan, 2012).
3. One should presume that BP prefers to use dispersants because they remove the oil spill quickly. Oil spills are not only disastrous for the environment, but they are also a public relations nightmare. Getting rid of the oil quickly with dispersants at least resolves that problem, as well as the oil problem. BP receives much less...
One cause of ambiguity is that many people would prefer that the oil stays in the ground. Another cause is that alternate energy sources mean that we might never need to fully deplete the world's oil reserves.
5. Metcalfe's tax idea is to maximize social welfare. Basically let poor people continue to pollute. The tax would be applied on business, which of course will pass that cost onto consumers. Revenues would be used to offset personal income taxes – so the poor pay higher prices for things but don't really see the income tax benefit anyway. Metcalf's idea doesn't pass the basic economic sniff test, and doesn't change people's behaviors, two of the things he pretends it does.
6. The Deepwater Horizon response was wholly inadequate. The well leaked for months. BP did nothing and the CEO whined about messing with his time off. The federal government enacted no meaningful response and some legislators wanted to cap potential damages to oil companies.
Ending The Nation's Dependence on Fossil Fuels There are many options available for reducing the nation's dependence on fossil fuels. From the use of biofuel subsidies to foster research & development (R&D) of new fuel forms and technologies to use them (Ngo, 2008) to more effective energy policies that use natural gas, the U.S.' greatest natural resource (Bang, 2010), options abound. What is needed is a concerted, focused energy policy that
These continued high fossil fuel prices has made development and production of alternative fuels, like biofuels, a cost-effective alternative. Another economic factor that has resulted in biofuel being a popular choice of alternative fuels, is the infrastructure it utilizes. Unlike other possible alternative fuels, like hydrogen, biofuel can, for the most part, use the existing distribution and retailing infrastructure already in place for traditional petroleum fuels (Mol, 2007). it's not
Capturing and Storing Energy: From Fossil Fuels to Renewable Resources One of the most interesting challenges in energy production is not how to find energy sources, which are abundant, but how to capture and store the energy that is available. For years, energy capture and storage has focused on the availability of fossil fuels and how those resources could be translated into usable energy sources. However, the demand for energy is
Business Nuclear power, under current conditions, is characterized by much lower regular emissions compared to energy from fossil fuel burning. But, it poses its own unique hazards, of which the most notable is risk of industrial accidents (e.g. Chernobyl) that have acute, long-term repercussions over huge areas. There are also security risks presented by vast inventories of materials that have the potential of being utilized as nuclear weapons; fossil fuels pose
Economic Crisis The recession of 2008-2009 and the subsequent government responses provides a good test for economic theories. There are no controlled experiments in economics, so we can only work with case studies in order to understand how economies work. A good starting point is to consider the issue through multiple different lenses, so that we can understand how the crisis occurred and what prescriptions might be best suited for response
Economic Analysis of an Environmental Pollution Issue in the World Today Cap & Trade, and Carbon Dioxide What is cap and trade? Why is it supposed to work Speaker's notes: 'Cap and trade' is a technique to reduce emissions by 'capping' the amount of a pollutant that can be released into the atmosphere. These limits are then divided up amongst the polluters by the government. However, the polluters can 'trade' these limits amongst themselves.