Premium Essay

Energy Sector

In:

Submitted By Grach
Words 420
Pages 2
Energy sector
All businesses depend directly on the energy sector which is the largest single market in the world. Some energy companies trade in fossil fuels (coal,gas and petroleum) while others supply electricity or fuel to end users.Many of the products derived from petroleum, like plastic, chemicals and fertilizers are essential components or ingredients for industry. As petroleum reserves become scarcer this drives up oil prices and encourages companies and governments to develop alternative or renewable energies .Increasing energy consumption is creating pollution and causing global warming. An increasing number of petroleum geologists have warned that official estimates of available global oil reserves are dangerously exaggerated.
For energy companies, proven oil and gas reserves are their primary indicator of economic health.
There may be considerably less oil in the world than the oil-producing countries and energy companies claim and it would be logical to expect that oil production could peak far sooner than predicted. For economy still reliant on fossil fuels the effects would be catastrophic.
All major players In the oil business insist that there will be enough oil to last well through the 21 st century.
The optimistic oil-reserve estimates also fail to take into consideration one vital question what will happen if global demand for energy continues to rise?
The consequences of overestimating the global oil supply would be devastating.
In the best case> industry would recover by turning to less efficient and more polluting fuels.
Energy sources are divided into 2 very different categories non-renewable and renewable.
Non-renewable refers to all the energies that depend on using mineral or petroleum resources which you can only use once.
Renewable energies depend on natural forces like sunlight which are unlimited.
The

Similar Documents

Premium Essay

The Energy Sector

...The energy sector in the United States is a crucial part of our country. Everything we do is reliant on the energy sector. A stable energy sector ensures our health and welfare are not threatened. It is the backbone of the United States economy. The energy sector is broken down into three different segments. They are electricity, oil, and natural gas. Just over 80% of the United States’ energy infrastructure is privately owned and operated (Dept. of Homeland Security). This sector oversees powering our homes, hospitals, and schools as well as fueling our cars, trains, and planes. The availability and uptime of energy is crucial to the stability and prosperity of our country. This is why the energy sector is considered a critical infrastructure....

Words: 747 - Pages: 3

Free Essay

Energy Sector in Turkey

...The Energy Sector: A Quick Tour for the Investor November 2013 Investment Support and Promotion Agency of Turkey ©2013 Deloitte Türkiye. Member of Deloitte Touche Tohmatsu Limited Disclaimer Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT) submits the information provided by third parties in good faith. ISPAT has no obligation to check and examine this information and takes no responsibility for any misstatement or false declaration. ISPAT does not guarantee the accuracy, currency, reliability, correctness or legality of any information provided by third parties. ISPAT accepts no responsibility for the content of any information, news or article in the document and cannot be considered as approving any opinion declared by third parties. ISPAT explicitly states that; it is not liable for any loss, negligence, tort or other damages caused by actions and agreements based on the information provided by third parties. Deloitte accepts no liability to any party who is shown or gains access to this document. The opinions expressed in this report are based on Deloitte Consulting’s judgment and analysis of key factors. However, the actual operation and results of the analyzed sector may differ from those projected herein. Deloitte does not warrant that actual results will be the same as the projected results. Neither Deloitte nor any individuals signing or associated with this report shall be required by reason of this report to...

Words: 5179 - Pages: 21

Premium Essay

The Renewable Energy Sector in Bulgaria

...The renewable energy sector in Bulgaria One of the conditions for Bulgaria to join the European Union was that by 2010, the country should be able to produce at least 10 per cent of its energy through renewable sources, wind, biomass, hydro, geothermic or solar energy, while by 2020 it has to reach 16 per cent. In this paper we will look at some of the conditions and companies which contribute to reach this percentage. 1. First of all we will point out some of the prerequisites for successful development. It seems out that Bulgaria is really suitable country for the development of renewable energy. First of all, we have lower cost of labor compared to other countries. What is more, Bulgaria has very appropriate geographical location in combination with comparatively low cost of land to buy up or in concession. One of the biggest advantages of our country, which is attractive for investors, is the tax of only 10%. On the other hand, there were some disadvantages which had hindered the development of renewable energy in Bulgaria. One of it was the cost of electricity which has been far lower than many other parts of Europe and this has been a high barrier to entry for many consumers as there was no reason for them to make an investment in the solar installation.This has now changed because the utility prices in this country are now on a par with the rest of Europe and the Government has introduced incentives to encourage solar use. According to reports on biodiesel consumption...

Words: 843 - Pages: 4

Free Essay

Energy Sector

...Energy & Geostrategy 1. Europe's dependence on Russian gas - 30% of Europe's gas comes from Russia and some nations are 70-100% dependent - dependence gives Putin political leverage - why is this an issue? - Lets look back to 2006 - Gazprom (SOE of RUS) raised NG prices from 50 - 230/1000 cubic meters unilaterally for the Ukraine (to exercise their influence) -> Ukraine denied the price hike and the pipes were turned off. As Ukraine is comprised of many Soviet-era pipelines and these pipelines supplied 80% of the 25% of gas that Europe depends on RUS for Austria, France, Germany, Hungary, Italy and Poland all reported gas pressure in their pipelines down 30%. - Yes, Europe has made progress since then to decrease dependence but is still relies on Russian gas via Ukrainian pipelines for 15% of its gas - with decreasing production of Norwegian and Britain gas (increasing offshore drilling prices) - this number only looks to increase - Europe is on a steady, but fragile recovery after the credit crisis. One thing is for certain - to continue this growth energy is needed - next point 2. Americas role in coming decades - between the period of 2008 - 2013 US has increased crude oil production by 50%. They have surpassed Russia's production and are set to pass Saudi Arabia as yearly as next year. The US is set to not only become an energy exporter but a energy superpower. - what implications does this have? - as US production...

Words: 639 - Pages: 3

Premium Essay

Role of Physis in Development of Energy Sector

...vardhan429@gmail.com ABSTRACT:- Human history can be told in terms of the history of energy. The discovery of fire, the domestication of animals, the discovery of fossil fuels, the electrification of cities, the oil wars in the Middle East, and advances in nuclear physics are all pivotal points in human history. Energy is a multifaceted concept; it is central to science and education, it plays pivotal role in economic growth, and it has a dominant position in international affairs. Conventional energy sources are major sources of environmental stress at global as well as local levels. Emissions from fossil fuels drive a range of global and regional environmental changes, including global climate change, acid deposition and urban smog. Coal mining disturbs vast areas of natural habitat, hydropower development can have significant environmental and social costs, and the exploration for and extraction of oil and natural gas can have significant impacts, particularly in sensitive ecosystems. In today’s world the main problem that is being faced by every country is inadequate generation of energy generation and this is mainly happening due to the ever increasing population and needs of the human beings so we need new type of energy resources to meet our ever growing needs such resources can be termed as renewable resources which last forever and these should also be eco-friendly Such energy resources are photo-voltaic, hydrogen, water, nuclear. In this paper I’m going to discuss...

Words: 301 - Pages: 2

Premium Essay

Management Information System and Energy Sector

...ENERGY: Indian Demand- Supply Gap © Zinnov LLC. All Rights Reserved. 138 South Queenscliff Circle, The Woodlands, Texas -77382 Fax 1 419 844 2583 • Phone (US) 1 832 326 3854 • (INDIA) + 91 80 227 3130 Email: pari@zinnov.com W H I T E P A P E R W H I T E P A P E R 2 ENERGY: Indian Demand- Supply Gap Table of Contents ENERGY: Indian Demand- Supply Gap ...................................... 1 1.0 Overview ......................................................................... 3 1.1 Drivers and Inhibitors in Energy Sector..................................... 3 1.2 Major Industry Players............................................................ 4 2.0 Demand Supply Scenario .................................................... 4 2.1 Demand................................................................................ 4 2.2 Supply .................................................................................. 5 3.0 Primary Energy Requirements of India ............................... 6 4.0 Regulatory Framework ....................................................... 9 5.0 Conclusion ........................................................................ 10 Disclaimer: ............................................................................. 11 W H I T E P A P E R Overview ENERGY: Indian Demand- Supply Gap 1.0 Overview Energy sector in India is one of the most challenging sectors for global players given the presence of large profit making...

Words: 3601 - Pages: 15

Premium Essay

Benin- Country Study for Investment in Solar Energy Sector

...IAE Université Jean Moulin Lyon 3 General Management Program – 2012/2013 Business Economics BENIN – COUNTRY STUDY FOR INVESTMENT IN SOLAR ENERGY SECTOR Compiled by: Thi Hien Anh Nguyen Thi Hien Anh NGUYEN 2012 PREAMBLE This report is prepared as a preliminary research based on hypothetic scenario of an investment project of EUR10 million in solar energy sector in Benin. The report hence firstly focuses on the analysis of Benin’s macro-environment, including the political, socio-demographical, economic, legal and ecological environments which might impinge on the project. The report then goes further in analysing the current situation of the energy sector in Benin and the prospects offered for the solar energy sector in Benin. I/ BENIN – COUNTRY CONTEXT AND PROSPECTS 1. Country overview Benin (French: Bénin, formerly Dahomey), officially the Republic of Benin (French: République du Bénin), is a country in West Africa. Situated in the Gulf of Guinea, it is bordered by Togo to the west, by Nigeria to the east and by Burkina Faso and Niger to the north. A majority of the population live on its small southern coastline on the Bight of Benin. The capital of Benin is Porto-Novo, but the seat of government is in Cotonou, the country's largest city. Benin covers an area of approximately 110,000 square kilometers (42,000 sq mi), with a population of approximately 9.1 million. Benin is a tropical, sub-Saharan nation, highly dependent on agriculture, with substantial employment...

Words: 6728 - Pages: 27

Free Essay

Constructing Change: Energy Efficiency and India’s Buildings Sector

...Constructing Change: Energy Efficiency and India’s Buildings Sector   “The urban sprawl is creating unique challenges and opportunities related to natural ecosystems. As a result, policy makers need to think innovatively about a range of issues from land-resource planning to broader ecological and energy implications. The resulting challenges include reducing pollution, increasing biodiversity, managing peak energy demand and cost, heat-stress health implications, and ensuring an adequate supply of water and nutrients.” Radhika Khosla February 21, 2012 In 2008, for the first time ever, the urban population of the world outnumbered that of the rural. This visible trend has escalated over the last couple of decades; projections suggest that by the end of the twenty-first century, 80 percent of the world’s population will live in cities (which occupy 0.05 percent of the Earth’s surface). Rapid urbanization is creating vast opportunities through an unprecedented demand for the construction of buildings, which already account for more than 30 percent of India’s total electricity consumption. In line with expanding development, the country’s buildings sector is expected to increase five-fold from 2005 to 2050. India is at a unique crossroads where two-thirds of the commercial and high-rise residential structures that will exist in 2030 are yet to be built. Implementing energy efficiency in buildings that are being constructed in the next ten years thus presents a singular...

Words: 1498 - Pages: 6

Free Essay

Transition Economy

...Transition The First Ten Years Analysis and Lessons for Eastern Europe and the Former Soviet Union Transition The First Ten Years Analysis and Lessons for Eastern Europe and the Former Soviet Union THE WORLD BANK Washington, D.C. © 2002 The International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW Washington, DC 20433 All rights reserved. 1 2 3 4 5 05 04 03 02 The findings, interpretations, and conclusions expressed here are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is copyrighted. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or inclusion in any information storage and retrieval system, without the prior written permission of the World Bank. The World Bank encourages dissemination of its work and will normally grant permission promptly. For permission to photocopy or reprint, please send a request with complete information to the Copyright Clearance Center, Inc, 222 Rosewood...

Words: 72270 - Pages: 290

Free Essay

Cybersecurity

...equitably, can ensure citizens are empowered and Government can deliver services more effectively. Information is vital for the efficient delivery of public and private sector product and services that are responsive to the needs of citizens and businesses as well as capacity creation. For a variety of reasons (economic and policy), developing countries like Kenya are less equipped to take advantage of the potential in ICT to stimulate growth, and are likely to fall behind advanced economies. The Kenya ICT Master Plan is therefore not designed in isolation, given that there is evidence from developed countries that investment in ICT facilitates economic growth by increasing productivity. As the Kenya Government ensures an enabling ICT environment and regulatory framework, this plan aims at stimulating the setup of ICT-related businesses to enhance employment creation. At the heart of this document is a strategic intent to develop a robust ICT sector that will enhance economic growth through creation of businesses and hence employment. In the execution of this plan, Kenya will become a leading ICT hub for the region, improve the lives of her citizens and see significant ICT-led economic growth in line with Vision 2030. This ICT Master Plan aims at building and promoting an environment where more service sector businesses are created and are able to thrive through leveraging on ICT. ICT offers key benefits that make life simpler and more convenient for citizens and businesses...

Words: 4766 - Pages: 20

Free Essay

Privatization in Bd

...Privatization on Service Sector Preface We know that the countries which are developed today are getting very strong in service sector day by day. Without having a very significant service sector it is impossible to retain the development of the economy of a country. Service sector is the accelerator of an economy. And Bangladesh is one of the least developed countries of the world with a huge number of different problems but most importantly with an emerging service sector. Really this is a great tonic for this underdeveloped country on the way of development. So to utilize this potential setting up of a lot of service organization is needed. But the service organization should not be public rather private. Because we all know about the poor service quality and negative profit of the public service organizations of Bangladesh. So the privatization of service sector is one of our desired initiatives. It is one of the leading aspects with a very bright potential to boost-up the economy of this third-world poor country. Prepared by: Md. Abdul Hai – 07882860 Essence of Privatization Despite a significant degree of public ownership in health, education, communication, utilities and energy sectors in the pre-independence period, Bangladesh inherited basically a private sector dominated economy at the time of independence in 1971. A set of three inter-related reasons are put forward as rationale for privatization in Bangladesh. These are: • Improvement of the governments’ fiscal...

Words: 7769 - Pages: 32

Premium Essay

Ramdev Industries Limited

...his post-graduate qualification in personnel management, and thereafter/took up a job with a large public sector organization in Pune as a Trainee Officer in the Personnel Department. He was confirmed as a Personnel Officer after the completion of training with the company in 2007. The personnel Department was headed by a Manager. Next in the management hierarchy was one Deputy Manager followed by two Assistant Managers and six officers in the department. They were supported by a battalion of office and clerical staff. Suraj was assigned the task of maintaining certain statutory documents. He was quite enthusiastic and wanted to bring about many improvements. His work, however, hardly provided any scope for originality. The bureaucracy never permitted any change easily. Besides, at his level in the hierarchy, he could not wield much influence on any matter. His salary and perks were, however, quite comparable to those in any other organisation and there was adequate freedom and security of job. Though he was not very happy, he tried to reconcile himself to his job. When Ramdev Industries Limited (RIL), Delhi advertise for the post of "Senior Personnel Officer", he decided to apply for the post. He had reasons to do so in spite of the fact that he was reasonably comfortable in the public sector organisation. First, Ramdev Industries was a leading company in the private sector; secondly, the Personnel Manager of the company was due to retire shortly and the incumbent of the new post...

Words: 1575 - Pages: 7

Free Essay

Bloomberg

...months after the end of the Paris climate summit, it seems natural to ask: What are the next steps? Do we need to do more? Three initiatives launched around the Paris meeting are an important start. Bill Gates announced the formation of the Breakthrough Energy Coalition, composed of philanthropists who will invest in public-private partnerships to invent and scale technologies. More than 20 countries led by the U.S. unveiled "Mission Innovation" and pledged to seek to double their government research-and-development budgets over the next five years to accelerate clean-energy innovation. Ten of the world’s largest oil and gas companies launched the "Oil and Gas Climate Initiative" to organize meaningful action through the sharing of best-practice information and other industry collaboration as well as to make investments in R&D and startups. These statements indicate that both the public and private sectors recognize that we live in a carbon-constrained world and that there will be a charge on carbon emissions, imposed through regulations or market prices or a combination of both. Thus, there is an imperative for industry to explore the commercialization of new innovative low-carbon technologies. Given the scale of the energy and climate challenges, the three initiatives are necessary but not sufficient. Why? Successful innovation must address technologies from creation to deployment.  Take, for example, advances in battery technology. A battery that costs less than $100 per...

Words: 1170 - Pages: 5

Premium Essay

Economics Project

...Tamil Nadu National law School PRIVATE SECTOR IN INDIA: BOON OR BANE SUBMITTED IN THE PARTIAL FULFILLMENT OF B.A.L.L.B (Hons.), THIRD SEMESTER Submitted to: Submitted by- Mr.Yuvraj Akash Gupta BA0130005 SUPERVISOR’S CERTIFICATE This is to certify that the Project Report entitled: ‘PRIVATE SECTOR IN INDIA: BOON OR BANE’ submitted to the Tamil Nadu National Law School in partial fulfilment of the requirements for B.A. LL.B (Hons.), third semester is an original and bona-fide research work carried out by Akash Gupta under my supervision and guidance. No part of this study has been submitted to any University for the award of any Degree or Diploma whatsoever. ______________________ (Mr.Yuvraj) ------------------------------------------------- Preface This project is intended to carry out an extensive research on the topic “PRIVATE SECTOR IN INDIA: BOON OR BANE” by the supervisor. The research and analysis conducted by the researchers are bona-fide and purely for academic purposes. Every effort is made to keep the project error free. We would gratefully acknowledge the suggestions to improve the project to make it more useful. ACKNOWLEDGEMENTS ...

Words: 13575 - Pages: 55

Premium Essay

Public vs Private Sector Sustainability Purchasing

...Lit Review – Public and Private sectors The public sector as defined by the Business Dictionary as being part of the national economy and provides goods and services that cannot otherwise be provided by the private sector (Business Dictionary, 2014). Examples of these goods and services range from the procurement of electricity, to cleaning services, and water management to name a few. The public sector's main focus is that of service delivery (The Student Room, 2014). Due to human induced climate change many governments have requested their public sectors to change and optimize their supply chains to cater for green purchasing. As a result of this the majority of the European Union have effectively found ways to reduce the overall effect of their purchasing activities (European Union, 2010, page 1 paragraph 1). The procurement of public goods and services in the EU is done through the life cycle approach (European Union, 2010, page 3 paragraph 1). The life cycle approach that is used by the member countries of the European Union has 5 steps (Europa, 2014), the fifth step that has been added in recently deals with all the externalities that can occur while performing the assessment. In the United States, the Environmental Protection Agency (EPA) use the more traditional four step approach to evaluate the life cycle of the goods and services to be procured (EPA, 2014). And in South Africa there is a nine step evaluation method on how procurement of public goods and services...

Words: 1912 - Pages: 8