What is the percent of CO2 in the atmosphere that humans are emitting per year relative to preanthropogenic levels? (Hint: divide the rate of increase (2 ppm/year) by the amount of CO2 in 1850. and multiply by 100). 5. There were 600 gigatons (106 tons) of carbon in the atmosphere in 1850. How many gigatons accumulated in the atmosphere each year due to human activity?
b) Assuming the government collected $43 million in cigarette tax revenue last year. If the average price of a pack of cigarettes is $2.50, calculate how much of an effect this tax increase will have on (1) quantity of cigarettes consumed and (2) cigarette tax revenue. 6. Sony cut the price of its 42” HDTV plasma TV from $3000 in the first quarter of 2005 to $2500 in the second quarter. Sales increased from 25,000 to 30,000 a) Based on this information, what is your best estimate of the price elasticity of demand?
The Pennsylvania Act 13th is legislation that was passed by Pennsylvania legislation to provide “pro-business, clean-energy bill creating jobs, revenue and improving environmental laws surrounding drilling.” ("Fracking Democracy: Why Pennsylvania's Act 13 May Be the Nation's Worst Corporate Giveaway | AlterNet", 2012). When in turn this may not be the case at all once you ready the full legislative act. It has allowed them (companies of fracking) the basic rights to drill within 300 yards of any protect land for an example, wetlands and populated areas. It also helps over turn zoning laws that have been in place to help protect these people from the chemicals and air pollution that would be a result in closer proximity to their homes and community. This is also one of the first bills that has helped close a loop hole that discloses what is being used in the water while fracking.
| Patterson-uti energy(Nasdaq: pten) | BUY | EPS (2012) = $2.50 | Target Price (2012): $28.00 | P/E (ttm) = 8.53 | Qualitative Risk Assessment:Above Average Risk | | Report Date | March 28, 2012 | | Recent Price | $17.55 | | 52-Week Range | $15.06 – $34.09 | | 52-Week %Δ | -55.82% | | Avg. Vol. (3m) | 4.102,740 | | Shares Out. (mrq) | 183,295,000 | | Sector | Basic Materials | | Industry | Oil & Gas Drilling & Exploration | Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production.
One resource that is at high risk of being contaminated due to fracking is water. The U.S Environmental Protection Agency (EPA) estimated that up to 140 billion gallons of water are used for 35,000 wells each year. Fracking procedures are even excluded from the safe drinking water act of underground injection controls and regulations except when diesel fuel is being used. That means these companies that perform fracking procedures avoid using diesel so that we have no idea what they’re putting in to the ground. Even some states allow fracking to be exempt from state water use regulation, an agreement limiting large water withdrawals; despite the fact that each fracking well uses up to five million gallons of locally sourced water.
Although we may be able to sustain a planet with some kind of civilization, the earth that we knew is gone. Oil and fossil fuels are attributed to manual labor and why we are prosperous and why our economies have grown. It is also why we have global warming and acid oceans. Rising temperatures and depleting oil reserves go hand in hand. Modernity may cease with global warming as half the biggest companies are oil companies, and oil is the essence of life.
1916) This information uncovered new perspectives on hemp and helped me realize and become in favor of the industrial uses of hemp for our world and soil that we live on and use daily’s health, and I hope it does the same for you. This leads me to my next main point. The Hemp seed can be made into oil for cars, and for many other things including food. Hemp oil also burns cleaner then oil keeping our planet cleaner. The most amazing thing about hemp is it can even be made into unimaginable
Who would have thought that the pesky pond scum at the top of a pool could be the changing factor in the world’s history? Research is being done on algae to make it the front runner for the best renewable energy source to replace crude oil. An alga is a form that has been discovered to have a vast quantity of oil that can be converted to useable oil to make gasoline. The world is going through a period of global warming that will affect future generations, and as members of the society, a change is needed that will help preserve what is left of the worlds natural resources. Some may argue that although the climate change is harmful, change is not needed and as American’s and leaders of the push for renewable resources, we do not need to spend
“Clean Coal” Summarized | Alan Rutherford 9/17/2011 | This article was about how the coal industry created a multi-million dollar campaign to promote “Clean Coal”. The coal industry wants the public and the world to know that burning “Clean Coal“is a viable and a clean way for energy. This article takes the opinions from scientists, students, policy advocates and community residents of why burning coal is harmful to our environment. I will summarize my thoughts on “Clean Coal” from what the article has explained on clean coal both positive and negatively with my own personal thoughts of reflection. In reading this article about “Clean Coal” I thought there are some positive points that the coal industry illustrates from their view point on “Clean Coal”.
“Pennsylvania legislature approved Act 13, known as the Unconventional Gas Well Impact Fee Act.” (Rabe 336). This shows that hydraulic fracking is included into state constitutions and has a right to operate. The Pennsylvanian legislator Corbett stated “thanks to this legislation, this natural resource will safely and fairly fuel our generating plants and heat our homes while creating jobs and powering our state’s economic engine for generations to come” (Pittsburgh Post-Gazette, 2012) (Rabe 336). Showing that the government is coming to the side of hydraulic fracking because they see the economic benefits. This does not only debunk the claims of critics but it strengthens the argument that hydraulic fracking is worth it.