Premium Essay

Is the Fossil Fuel Crisis an Immediate Emergency?

In:

Submitted By jarred10
Words 539
Pages 3
Chapter 5 Case Study: Is The Fossil Fuel Crisis An Immediate Emergency?
IBA 350

In my opinion, a developed country does not have a moral duty to produce food over fuel crops when hunger is a global issue. I agree that developed countries should provide food to those who are starving in third world countries, but unfortunately, due to the importance of the survival of our global economy, using crops to create ethanol and reduce oil scarcity seems to be the more logical decision for developed countries. Also, if developed countries did not use any of their crops to create ethanol, then it would cost more money for the fuel used to ship the available crops to countries in need of aid.
I think the fossil fuel crisis is not immediate when it comes to the thought of oil scarcity or oil depletion. I found an article printed in The Wall Street Journal yesterday (September 29th) that specifically targets Marion Hubbert’s “peak oil” theory with multiple researchers opposing arguments. Hubbert knew what he was talking about in 1956 when he wrote about U.S. oil production peaking in the early 1970s, however, he did not factor in technology advances of extracting oil. These advances include U.S. energy companies using hydraulic fracking and horizontal drilling to extract oil from rock formations, a process that has been adopted by other countries to access increased amounts of oil. Discoveries such as these and more innovative methods mentioned in the article, “Why Peak-Oil Predictions Haven't Come True; More Experts Now Believe Technology Will Continue to Unlock New Sources,” lead me to believe that there is still a lot of oil left to be extracted across the world. Rather than believing in setting a time limit on when to transition to new energy sources due to oil depletion, I am more influenced by the theoretical situation presented in this article by George King and

Similar Documents

Premium Essay

Bp Oil Spil

...Ethics in the Workplace Case Study:   BP Oil Spill On April 20, 2010 off the Gulf of Mexico, there was a blowout of the Macondo well which is owned by British Petroleum also known as BP. When the blowout took place it got immediate media attention because aspects of the event were known over the world. Within events transpiring it was discovered how limited the resources and reaction to the disaster was going to be. This paper will detail aspects of the event from symptoms of the problem, the root cause, important unresolved issues, roles of the organization’s key players and stakeholders, and explain the focus of specific ethical systems. Also discussed in this paper are relevant strategies and alternatives, the effect of globalization on the choice of preferred alternatives, the most valid alternative and resolution recommendations, and an example of a successful implementation of the solution. Symptoms of the Problem Natural disasters or any disaster of any kind is hard to manage just for the purpose that these is no real planning for the situation and there is no real way to say who is in charge when a disaster happens. Concerning the oil spill with British Petroleum (BP) symptoms for the situation was that there was a delayed response, the impact on the environment and the citizens, federal regulations were lax, and the recovery efforts were not adequate. According to Griggs (2011), OPA 90 is a federal statute that holds all the responsible parties in containment, clean-up...

Words: 2786 - Pages: 12

Premium Essay

Climate Change

...their perspective highlighting their viewpoint on change. This viewpoint will be examined in terms of the common good and the principles of human flourishing and conclude discussing how the common good may best be served. Climate change is the change in the earth’s climate over many years. This change includes global warming, measured by the rise in the earth’s temperature (ACU, 2013b). For the purpose of this essay it is assumed that global warming results from human production of excess green house gases including carbon dioxide emissions (Gore, 2006). These gases form a layer in the earth’s atmosphere causing the sun’s rays to be reflected back down to earth and this called the Green House Effect further exacerbated by burning fossil fuels, deforestation and altering natural landscapes (ACU, 2013b). The effects of Global Warming are projected to rise over the next 50-100 years causing droughts, crop failures and imbalances in the ecosystem thus creating the polar icecaps to melt and sea levels to rise, changes in food productivity and the extinction of many plants and animals jeopardising future generations (Fournier, 2011). Evidence suggests our world’s poorest countries, contribute little to climate change. They are least able to afford mitigation; actions taken...

Words: 2957 - Pages: 12

Premium Essay

Marketing Plan

...of April 20, 2010 eleven lives were taken, and 17 others were injured. An exploration for crude oil, now remembered as one of our nation’s largest oil spills in history. A well control event allowed hydrocarbons to escape from the Macondo Well onto Transocean’s Deepwaster Horizon, resulting in explosions and fire on the rig. The fire, which was fed by hydrocarbons from the well continued to burn for 36 hours until the rig sank to bottom of the ocean. “Hydrocarbons continued to flow from the reservoir through the wellbore and the blowout preventer for 87 days, causing a spill of national significance” (Crisis Watch). The operations were controlled by BP Exploration & Production Inc., in which they held the lease contract as operators of Mississippi Canyon Block 252, which contains the Macondo Well. Deepwater Horizon exploration was to collect crude oil, one of the leading fuels in the world. After the explosion that shocked the nation, BP formed an investigation team that was in charge of gathering the facts surrounding the accident, analyzing available information and to identify possible causes and making recommendations to enable prevention of similar accidents in the future. The BP investigation Team began its work immediately in the aftermath of the accident, since gathering information directly from the explosion site was slightly out of the question immediately due to the horrendous events and lack of testimonies and vital facts, BP investigation team worked independently...

Words: 4812 - Pages: 20

Free Essay

Fuel Subsidies

...Indonesia’s Fuel Subsidies: Action plan for reform David Braithwaite Alexander Chandra Prasetyaning Diah R. L. Ami Indriyanto Kerryn Lang Lucky Lontoh Nataliawati Siahaan Damon Vis-Dunbar Bobby A. Wattimena Unggung Widhiantoro Peter Wooders NE SI A N I N S TI TU T E F OR E N E RG IN DO I I EE FO U N D AT I O N C O NOM I YE CS March 2012 www.iisd.org/gsi © 2012 The International Institute for Sustainable Development © 2012 The International Institute for Sustainable Development Published by the International Institute for Sustainable Development. About IISD The International Institute for Sustainable Development (IISD) contributes to sustainable development by advancing policy recommendations on international trade and investment, economic policy, climate change and energy, and management of natural and social capital, as well as the enabling role of communication technologies in these areas. We report on international negotiations and disseminate knowledge gained through collaborative projects, resulting in more rigorous research, capacity building in developing countries, better networks spanning the North and the South, and better global connections among researchers, practitioners, citizens and policy-makers. IISD’s vision is better living for all—sustainably; its mission is to champion innovation, enabling societies to live sustainably. IISD is registered as a charitable organization in Canada and has 501(c)(3) status in the United...

Words: 22015 - Pages: 89

Premium Essay

Air Pollution in Bangladesh

...AN ASSIGNMENT ON AIR POLLUTION IN BANGLADESH Course Code: GED 2210 Course Title: Business Ethics and Social Responsibility Submitted To Mst. Farhana Yeasmin, Lecturer Submitted By Tandra Dey ID#130262043 Bachelor of Business Administration Northern University, Bangladesh 21st October, 2013 Air Pollution: The atmosphere is a complex dynamic natural gaseous system that is essential to support life on planet Earth. Air pollution is the introduction into the atmosphere of chemicals, particulates, or biological materials that cause discomfort, disease, or death to humans, damage other living organisms such as food crops, or damage the natural environment or built environment. Indoor air pollution and urban air quality are listed as two of the World’s Worst Toxic Pollution Problems in the 2008 Blacksmith Institute World's Worst Polluted Places report. The major sources of air pollution are transportation engines, power and heat generation, industrial processes and the burning of solid waste. A new source of air pollution is an increasing 'hole' in the ozone layer in the atmosphere above Antarctica, coupled with growing evidence of global ozone depletion. Air pollution has also long been known to have an adverse effect on human beings, plants, livestock and aquatic ecosystem through acid rain. Air Pollution and Present status in Bangladesh: Recently as in other parts of the world air pollution has received priority among environmental issues in Asia...

Words: 2956 - Pages: 12

Premium Essay

Global Trends in Energy Investment

...global trends in sUstainable energy investment 2010 Analysis of Trends and Issues in the Financing of Renewable Energy and Energy Efficiency United nations environment Programme Endorsed by Copyright © United Nations Environment Programme and New Energy Finance, 2010 This publication may be reproduced in whole or in part and in any form for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgement of the source is made. UNEP would appreciate receiving a copy of any publication that uses this publication as a source. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the United Nations Environment Programme. Disclaimer United Nations Environment Programme: The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the United Nations Environment Programme concerning the legal status of any country, territory, city or area or of its authorities, or concerning delimitation of its frontiers or boundaries. Moreover, the views expressed do not necessarily represent the decision or the stated policy of the United Nations Environment Programme, nor does citing of trade names or commercial processes constitute endorsement. Bloomberg New Energy Finance: The information contained in this publication is derived from carefully selected public...

Words: 33322 - Pages: 134

Free Essay

Religion

...supply. The existing energy supply is heavily dependent upon hydroelectric power thus due to the rapid growth in demand for energy means that Kenya must find new ways to provide crucial energy services to its people. The available options include Renewable energy resources like geothermal. Kenya has nearly 7,000 MW geothermal potential, yet it remains largely undeveloped due to economic and financial limitations, insufficient technical and human capacity, and various social constraints. However the government has now turned around and is aiming at producing about 16000MW of power by 2030. The country currently produces about 1500 MWs primarily from hydro stations (57%-hydro power, about 32%-thermal and the rest comprises geothermal and emergency thermal power). To bridge this huge deficit in the short time, courses as EMM 516 were developed to provide man-power needed to sustain the projected growth. First we visited the Kiambere power station the Tana station and Kangaita tea factory for a boiler’s experience. We later visited the Embakasi gas turbine then to Olkaria II geothermal power generation plant. In this report I will basically describe the outlay...

Words: 5403 - Pages: 22

Premium Essay

Water Problems of Pakistan

...Department Water Crisis of Pakistan Submitted to: Mr. Rauf Akhtar Submitted By: Muhammad Rzi Abbas (2006-MCT-38) 5/23/2008 1 LETTER OF AUTHORIZATION I authorize Mr. Muhammad Rzi Abbas to research on “Water Crisis of Pakistan”. Mr. Rauf Akhtar 2 LETTER OF TRANSMITTEL Pakistan is being surrounded by almost all types of problems and difficulties nowadays. Everyone is speaking on different issues Pakistan is facing but I chose the Water Crisis which is a grave threat to Pakistan yet hidden from the eyes of most of the residents of Pakistan. To study this hanging sword I chose to write a report on the topic “Water Crisis of Pakistan”. In this report I have explained the past, present and future problems which Pakistan unfortunately had to face regarding water resources and utilization. Let me assure you that the reader will study this report with interest and will get a complete knowledge about the water sector problems which Pakistan is either facing right now or will have to face in the future. Muhammad Rzi Abbas 3 Table of Contents      Letter of Authorization………………………………………………………………………………………………………………………2 Letter of Transmittal…………………………………………………………………………………………………………………….……3 Table of Contents………………………………………………………………………………………………………………………….…..4 Introduction…………………………………………………………………………………………………………………………………..….6 Summary…………………………………………………………………………………………………………………………………………..8 First Portion  Chapter 1 Overview of Worldwide Water Crisis…………………………………………………………………………...

Words: 15832 - Pages: 64

Free Essay

Cesta

...“Recycling and environment. To analyze the NGO CESTA in El Salvador” Presented to Table of Contents INTRODUCTION 3 LITERATURE REVIEW 4 THEORY SECTION 5 RESEACR DESIGN SECTION 7 ANALYSIS 8 RESULTS 10 CONCLUSION 11 REFRENCES 13 INTRODUCTION Centro Salvadoreño de Tecnologia Apropiada better known as CESTA, it was founded by a group of teachers in 1980, as the first environmental NGO of El Salvador. CESTA is an organization that for more than 30 years works with topics of allegations of environmental problems in the country, being a tool where any citizen can bring a story or campaign to the media's attention. It is involved in everything for the citizen protection of natural resources and human well being and lately has been working more in awareness of the effects of climate change in El Salvador (Navarro, 2000). My research question is how the NGO CESTA is working to protect and improve the environment in El Salvador? CESTA performance is distributed in different parts of El Salvador, through its activities and demonstration centers. These Eco centers serve as a space for development and education about appropriate technologies. The Eco Bike Center, located in San Marcos, is focused on the bicycle as a sustainable transport for all kind of person. CESTA with a large bicycle workshop where arrange old bicycles, selling them at low cost, providing permanent and free workshops, being a space for learning, sharing, and opportunities for young people...

Words: 3237 - Pages: 13

Premium Essay

Global Warming

...GLOBAL WARMING: Energy, Fall 2005 v30 i4 p36(2) It could get a lot warmer. (GLOBAL WARMING) Full Text: COPYRIGHT 2005 Business Communications Company, Inc. If humans continue to use fossil fuels in a business as usual manner for the next few centuries, the polar ice caps will be depleted, ocean sea levels will rise by seven meters and median air temperatures will soar to 14.5 degrees warmer than current day. These are the stunning results of climate and carbon cycle model simulations conducted by scientists at Lawrence Livermore National Laboratory. By using a coupled climate and carbon cycle model to look at global climate and carbon cycle changes, the scientists found that the earth would warm by 8 degrees Celsius (14.5 degrees Fahrenheit) if humans use the entire planet's available fossil fuels by the year 2300. The jump in temperature would have alarming consequences for the polar ice caps and the ocean, said lead author Govindasamy Bala of the Laboratory's Energy and Environment Directorate. In the polar regions alone, the temperature would spike more than 20 degrees Celsius, forcing the land in the region to change from ice and tundra to boreal forests. "The temperature estimate is actually conservative because the model didn't take into consideration changing land use such as deforestation and build-out of cities into outlying wilderness areas," Bala said. Today's level of atmospheric carbon dioxide is 380 parts per million (ppm). By the year 2300, the model...

Words: 18317 - Pages: 74

Premium Essay

Writing Purpose

...CHAP TER Separating Ideas and Shaping Content Writing Paragraphs 1. PURPOSE, AUDIENCE, TONE, AND CONTENT L E A R N I N G 1. 2. 3. 4. 6 O B J E C T I V E S Identify the differences between summary, analysis, synthesis, and evaluation paragraphs Identify the content in writing paragraphs Demonstrate how audience and tone influence content Apply purpose, audience, tone, and content to a specific assignment Imagine reading a poorly written review of a movie that you would like to see this weekend. You cannot follow the characters, action, or conflict because the author of the review rambles on and on. Without clear paragraphs, this review will likely lose your interest, and you may skip the movie altogether! When you are the writer, it is helpful to position yourself as a reader. Ask yourself whether you can focus easily on each point you make. Effective writers use a single paragraph for each new idea they introduce. Paragraphs separate ideas into logical, manageable, and distinct units. Each paragraph focuses on only one main idea and presents coherent sentences to support that single point. Because all the sentences in one paragraph support the same point, a paragraph may stand on its own. Each paragraph is shaped by Purpose: the reason why the writer composes the paragraph. < Tone: the attitude the writer conveys about the paragraph’s subject. < Audience: the individual or group whom the writer intends to address. < Content: the written material in the paragraph...

Words: 11739 - Pages: 47

Premium Essay

Sustainability

...Sustainability Review 2011 bp.com/sustainability Building a stronger, safer BP What’s inside 2011 was a year of recovery, consolidation and change for BP. Our employees worked hard to make BP a stronger, safer company. We recognize there is more to do, but we believe important progress was achieved during the year, and we are clear on our priorities and responsibilities as we move forward. In this Sustainability Review, we look at how we are working to enhance safety and risk management, earn back trust and grow value, following the Gulf of Mexico accident. Stakeholder voices External and internal stakeholders have been essential in shaping this report. Many of their insights and opinions are highlighted here and online. We also include observations and a summary statement from our external assurance provider, Ernst & Young. During our work we interviewed staff responsible for engaging with external stakeholders and reviewed evidence of how information from these dialogues is captured. We have also attended a selection of briefings to investors and two of the roundtable discussions held in 2011 to understand the perspectives of various thought leaders on how BP should evolve its reporting and communications. We noted that stakeholders welcome this dialogue but there remains a desire for more comprehensive reporting on how BP is changing. Ernst & Young Observation Find out more online This Sustainability Review is a summary...

Words: 32523 - Pages: 131

Premium Essay

Fddddddd

...Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties, Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions, recording fictitious assets, improper accounting for NOLCO, non-recording of appropriate allowances for uncollectible receivables, and misapplication of the percentage-of-completion method of accounting for long-term contracts. Ernest Grendi made the fraud possible, company CFO as helped by three senior accountants. These were aimed to inflate the price of the company stocks because of overstated earnings that caused them to receive sizable bonuses. However, JWP internal auditors just tolerated all of these because of their fear of being fired. In addition, Ernst & Young, the company’s external auditor, knowing the fraudulent activities, have been issuing an unqualified opinion for six consecutive years. This has been seen as a product of the close relationship between Grendi and his co-conspirators with E&Y. 2011 JAMAICA WATER PROPERTIES: A Case Study Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties, Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions, recording fictitious assets, improper accounting for NOLCO, non-recording of appropriate allowances for uncollectible receivables, and misapplication of the percentage-of-completion...

Words: 21349 - Pages: 86

Premium Essay

Jamaica Water Properties

...Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties, Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions, recording fictitious assets, improper accounting for NOLCO, non-recording of appropriate allowances for uncollectible receivables, and misapplication of the percentage-of-completion method of accounting for long-term contracts. Ernest Grendi made the fraud possible, company CFO as helped by three senior accountants. These were aimed to inflate the price of the company stocks because of overstated earnings that caused them to receive sizable bonuses. However, JWP internal auditors just tolerated all of these because of their fear of being fired. In addition, Ernst & Young, the company’s external auditor, knowing the fraudulent activities, have been issuing an unqualified opinion for six consecutive years. This has been seen as a product of the close relationship between Grendi and his co-conspirators with E&Y. 2011 JAMAICA WATER PROPERTIES: A Case Study Jamaica Water Properties A Case Study The case is about an accounting fraud that involves the Jamaica Water Properties, Inc. The fraud was characterized by misapplication of purchase method of accounting for acquisitions, recording fictitious assets, improper accounting for NOLCO, non-recording of appropriate allowances for uncollectible receivables, and misapplication of the percentage-of-completion...

Words: 21349 - Pages: 86

Premium Essay

Research Proposal

...UNIVERSITY OF NAIROBI INSTITUTE OF DIPLOMACY AND INTERNATIONAL STUDIES Implications of Global International Monetary Policy Decision on Economic Systems in East Africa: A Case Study of Kenya NAME: LILLIAN WACHIRA REG NO: R50/63875/2010 Supervisor: Dr. Gerrishon Ikiara A Research Proposal submitted in partial fulfillment of the Degree of Masters of Arts in International Studies (MA IS) DECLARATION I declare that this research proposal is my original work and has not been presented for a degree in any other university. NAME: LILLIAN WACHIRA REG. NO: R50/63875/2010 Sign: ………………………………… Date: ……………………… This research proposal has been submitted for examination with my approval as university supervisor SUPERVISOR: Sign: ……………………………… Date: …………………………. DEDICATION I dedicate my project to my lovely mother Beatrice, my brothers Edwin and Eric whose prayers words of encouragement and push for tenacity ring in my ears. ACKNOWLEDGEMENT I would like to express my sincere gratitude to my supervisor Dr. Gerrsihon Ikiara for the continuous support and guidance while carrying out my project, for his patience, motivation and immense knowledge. I would also like to thank the participants in my survey, who have willingly shared their precious time during the process of interviewing. I...

Words: 24867 - Pages: 100