Explain why oil exploration in the areas shown could lead to high economic and environmental costs (10) Oil exploration is the extraction of petroleum from reservoirs underground and using the substance to benefit people. For example using it for transport and industry. However continuous exploitation can lead to costs, which can be both economic and environmental. Figure 1 shows that Canada is a location that is currently exploiting oil, 170 billion barrels per year. With Canada being second to Saudi Arabia to have the largest stores of oil in the country, it can provide large amounts of oil without the need to dig large mines to get to it.
One effect of hydraulic fracturing on economics is that it creates a huge increase in profit for natural gas sellers and drillers by opening up the opportunity to tap so much more natural gas than was available before. “North America has approximately 4.2 quadrillion (4,244 trillion) cubic feet of recoverable natural gas that would supply 175 years’ worth of natural gas at current consumption rates.” (Earthworks, N. Loris) Another way it affects the economy is that 10,000 jobs could be created by each drilling site that is opened. (N. Loris) However, a negative effect it has is that it costs about 2 billion dollars for each plant and extra for maintenance and disposal. One last affect hydrofracking has on the economy is it lowers natural gas prices by up to 15 dollars a gallon.
The asset turnover will increase when their profit margin increases, the high profit margin is because they are currently expanding . 2. To a certain extent, the high level of popularity was from their effective market analysis. In 2012 superstyles spent 20% of their profits on marketing. Compared to the industry average superstyles spends 50% more on marketing, however I think it is very useful as they are expanding and don’t have the brand image and reputation yet.
Australia has recently signed to Kyoto Protocol which aims to reduce greenhouse gas emission by 4 million tonnes becoming 2010. Companies have improved scrubbers, which clean sulfur from the smoke before it leaves the smokestack. Awareness is growing when considering pollution from coal. Here in Australia while we are monitoring carefully the atmospheric pollution caused by coal burning it can be stated categorically that Carbon dioxide emissions from vehicles have far more reaching effects than the pollution created from coal. Coal will continue to be used extensively in Australia because of it's abundance.
Economic Growth- And since ethanol is home grown in the United States it means more and more job creation. There will be a big need for blue color workers in rural areas, a job market that has been seriously struggling lately. Cons- At present, demand for natural gas, especially from the industrial and electric power generation sectors, is growing at a faster rate than that which supply can meet. Price- When used near the site of its production, natural gas is inexpensive to produce, but the process needed to compress and liquefy it is costly and energy-inefficient, and natural gas cannot easily and efficiently travel or overseas without being compressed or liquefied. It is said that in areas were ethanol is produced people will save up to 20-30 percent each gallon.
International Trade ECO 372 University of Phoenix There are many contributing factors to the stabilization and prosperity of our global market. We, the United States, are living in a time of severe trade deficit, meaning that we are importing many more goods than we are exporting. While it is nice to be able to buy foreign products at a lower price, there is risk in doing so. When we purchase foreign goods over domestic at lower prices it forces our domestic companies to sell their goods at lower prices to remain competitive. These lower prices may lend to making enough profit to sustain the current workforce.
As a consumer and economy being unreliable for jobs who can afford to pay higher costs for energy. It is hard enough to pay for energy costs now without having to pay for an increase to a alternative source of expensive energy costs with new technology. The fact that the United States has such an abundance of coal makes this a logical choice for our energy consumption. The United States consumption of using coal is 40%. Coal offers jobs to miners and to facilities in every aspect.
The electricity generation within our country has benefitted from fracking probably more than any other industry. Many generation plants have switched from coal to natural gas as natural gas prices have dropped in the wake of the increased supply. This has also lead to less carbon dioxide emissions from coal burning generation plants where these plants switched to natural gas which has about half the carbon emissions as coal. Another indirect benefit would be the economy of the locally producing states. In North Dakota, due to the fracking going on there, there has been a surge of jobs in the area and even those not in the industry have benefitted.
Not really, although the shale/oil gas revolution clearly is helping. What’s happening is that America’s freight railroads are gaining market share. Rail companies have become far more efficient than in the days when they struggled under the dead hand of federal government regulation. U.S. freight rail rates are nearly half of what they were three decades ago. On-time performance has improved dramatically — almost to the point where delivery by train is almost as reliable as by truck.
That balance slowly adjusted over the next 20 years due to reduced production. The price of gas peaked at the end of that cycle in 2008 at $12.69 /mmBtu (millions of British Thermal Units) based on the Henry Hub Natural Gas Front Month Futures (a standard for finding the pricing point of natural gas). However, because of the economic crisis and the emerging shale gas market, the price lowered to $6.50 between 2008 and 2010. The quickly expanding market increased supply so much that it hit a low price of $1.82/mmBtu in 2010. It has averaged $3.50/mmBtu in recent years due to new fracking technologies and government subsidies (McElroy, Lu, 2013).