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Alternative solution to fossil fuel
Environmental and ecological advantages of wind energy
Environmental and ecological advantages of wind energy
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Introduction Saudi Aramco is the largest producer of crude oil in the world. They account for the majority of the world’s crude oil and natural gas exports. The company is great. They treat their employees well and they look out for the environment. The company’s home office is located in Dhahran, Saudi Arabia and employees millions of people. The company is valued at ten trillion dollars and that amount climbs daily. The company has the world’s largest crude oil reserve that has an estimated two hundred and sixty billion barrels. Saudi Aramco produces more than twelve million barrels of crude oil a day. This is more than any other oil company on the globe. Though they produce large amounts of crude oil, the company is looking for other ways to be more sustainable. One of the ways that Saudi Aramco is trying to become more sustainable is by finding other alternate ways to cultivate energy. Solar energy is one way they are trying to make the future more sustainable. On their website, Saudi Aramco explains, “Saudi Aramco’s work is not just about our stewardship of the Kingdom’s abundant oil and gas reserves, but the quest to find cleaner energy solutions to power the domestic market and for export. We are committed to finding new and cleaner energy technologies and harnessing one of the Kingdom’s most obvious resources — sunlight.” (Saudi Aramco, 2014). With there being more than two hundred and fifty hours of sunlight each month, it would make sense that companies like Saudi Aramco would utilize the sun’s natural energy. Saudi Aramco goes on to say that having large deserts can be an advantage, because they can utilize this land to host large solar panel structures. (Saudi Aramco, 2014). These structures would have the ability to p... ... middle of paper ... ...es/default/ files/files_uk/white-papers/wp_ecomobility_endoftheroadforfossilfuels_lr_new.pdf Leasry, R. (2013) Saudi Aramco rising price of oil. Huffington Post. http://www,huffigntonpost.com/ SaudiAramco/learsy-ryan Saudi Aramco. (2014). Renewable energy. Saudi Aramco. http://www.saudiaramco.com/en/home/our-operations/projects/RenewableEnergy.html#our- operations%257C%252Fen%252Fhome%252Four- operations%252Fprojects%252FRenewableEnergy.baseajax.html Saudi Aramco. (2014). Society and environment. Saudi Aramco. http://www.saudiaramco.com/en/home/society-and-environment/environment.html#society- %2526-environment%257C%252Fen%252Fhome%252Fsociety-and- environment%252Fenvironment.baseajax.html Todd, M. (2013). Oil and other resources. Washington Post. http://www.washingtonpost.com/ oil/spills/otherresources
According to ExxonMobil, for future, the company will invest on exploration for oil and gas at around $34 billion annually. However, Exxon took criticism that investing on exploration for oil and gas affects to destroy climate by recklessly extracting and burning fossil fuel reserves. The company tried to rebuild its business image. Exxon’s recent investments have been in natural gas, which pollutes less CO2 than oil when it burned. The company spends about $6 billion a year for reducing pollute. Investing on exploration for oil and gas will generate revenue in
Since its discovery back in the year 1858 crude oil has been become one of the most sought after resources on the face of the planet. It is due to this fact that the oil industry has fallen into a rather odd category in the case of globalization and seeking out new markets, new labor and new customers. The reason being that the need for crude oil and fuel is always present therefore the product of oil in its basic sense sells itself and the companies do not have to go out and publicly advertise it in the sense that clothing lines and other commodities do. Oil companies must focus more on the matter of why an individual should buy their oil and along with other alternative fuels over their competitors even though in the end the companies products are the same thing. The company ExxonMobil has been the superior company in the oil industry for quite sometime now, and had plenty of success as individual companies before their merger in 1999. The reason for there success is partially due to the power they wield as the most successful company, leading to many new refineries around the world, making deals with smaller companies to gain access to new markets and are leading the world in alternative fuel research. However these things all come naturally to the biggest oil company in the industry, the real question is how they became the powerhouse they are now. That question can be answered by the way in which the company has not focused in globalizing their product of fuel and oil, but globalizing the image of the company company. This is achieved by focusing on charity in which they donate hundreds of millions of dollars, Foreign Direct Investment in areas in which they wish to expand by attempting to provide these impoverished areas wit...
As capitalism is part of modern society of the United States, and socialism is not, why is it that these two different beliefs came and constructed the way people live? Capitalism is the belief that the marketplace should not be controlled under government and that it runs by the “invisible hand”. In which the government cannot stop, for the only way power grows is from business and companies. The belief of socialism is rather the complete opposite, but government is still mentioned. The power goes to government, but they give and distribute
Attention Getter: Let’s look ahead fifty years and see what the world is like. Imagine a world that is in total war with no end in sight. The cause behind this war is simple, oil. Everyone is fighting over those last few reserves of oil. How can this future be prevented? The answer is solar power.
" Oil is the life blood of our modern industrial society. It fuels the machines and lubricates the wheels of the world’s production. But when that vital resource is out of control, it can destroy marine life and devastate the environment and economy of an entire region…. The plain facts are that the technology of oil-- its extraction, its transport, its refinery and use-- has outpaced laws to control that technology and prevent oil from polluting the environment…" (Max, 1969). Oil in its many forms has become one of the necessities of modern industrial life. Under control, and serving its intended purpose, oil is efficient, versatile, and productive. On the other hand, when oil becomes out of control, it can be one of the most devastating substances in the environment. When spilled in water, it spreads for miles around leaving a black memory behind (Stanley, 1969).
The oil & gas industry is among the largest industries in the world. The sector generates large revenues and employs a large number of people in order to meet the worldwide demand for energy.
Saudi Arabia’s capital market is considered to be young compared to other financial markets in the region. Saudi financial markets have been developing slowly because most enterprises in the country are either government owned or family-owned, most of which was funded through state budget, and as a result reduced the need for financing. In the recent past, Saudi Arabia has focused on a careful measurement for structural developments and regulatory changes. However, different phases of historical development of the capital market which can be classified into three phases; pre-industrialization phase, post industrialization phase and growth phase that sparked changes and shaped the kingdom 's capital market on
According to the US Environmental Protection Agency, over half of the oil used in the USA is imported. Most of this imported oil is located in the middle east and is controlled by OPEC members. Subsequent oil price shocks and price manipulation by OPEC have cost our economy dearly—about $1.9 trillion from 2004 to 2008—and each major shock was followed by a recession (Reduce). We may never be able to fully eliminate our need to import oil, but we can reduce cartel market control and the economic impact of price shocks by reducing our demand (Reduce). One way we can reduce our reliance on oil is through investing in renewable energy. Solar power, wind power, and hydro power are all forms of energy which come from renewable resources. Unlike oil, solar, wind and hydro electric power is abundant and can be obtained locally.
Every country has differences if I will compare with another country depend on culture, size, history, and population. Also, if I want to compare between two cities inside one country there are a lot of differences. Because that the comparing between Saudi Arabia and United States of America it is huge different. It impossible to compare about the size because it is continent and city of continent. I was living in Riyadh the capital city of Saudi Arabia and now I am living in Dallas city of Texas. I have been in America for five months. I have culture shock about some differences here in America. The three big differences family, driving, and education.
The sun has been a major aspect of life since the beginning of time. People used many other forms of energy before electricity was discovered. There has been a debate over energy resources for years. Many people are worried about what current energy resources may be doing to the environment. Oil spills and nuclear power plant mishaps have only been a few accidents that have had a big impact on the environment and the people who inhabit it. There are plenty of energy sources that do not harm the environment and are still able to get the job done. Solar energy is one energy alternative that will insure the betterment of the country and, at the same time, protect the natural environment.
MSCI, a budgetary investigation firm with extraordinary aptitude in surveying the estimation of intangibles like carbon hazard, examined the petroleum business'execution in five key classifications: operations, wellbeing and security; capacity to get to assets in developing markets; carbon discharges; interest in option vitality; and interest in unpredictable fossil powers like oil sands and oil shale, coal bed methane and coal crease gas, and both gas-to-fluid and coal-to-fluid energizes.
Over the past 200 years, mankind discovered the fossil fuels and they used this source to produce hug energy. This affects the environment in many negative ways and caused many issues worldwide such as urban air pollution and acid rain, oil spills and the high temperature of earth. Saudi Arabia has the biggest oil reserves in the world by 19.66% (the world factbook, 2011) and the second oil producer country in the world with roughly 10.121 million barrels a day – which account for 12% of the total world production of oil in 2010 (Fontinelle,2011). Moreover, the country relies heavily on oil industry. And the most successful companies in the country are thus whose work in oil industry such as ARAMCO Company. The reason behind this success is because most of these companies get financial support and attention from the Saudi government and sometimes the government owes these companies. Because of the massive reserve of oil and the high income that generated from oil, the country has less attention to seek for other sources of clean energy such as solar energy and wind energy which leads to the increase of air pollution in the country. However, oil is expected to last in the next 50 to 100 years (Hubbert, 1956). Furthermore, the International organizations have made many decisions to protect the environment and environmental resource such as Kyoto Protocol which decided to raise the use of solar energy to 50%of the total global energy use by 2020 (UNFCCC ,2005 ). Recently, these issues lead the Saudi government to realize problems, such as air pollutions, and start to invest in clean energy area but not as expected. These days many people in Saudi Arabia argue the uses of clean energy and replace with the fossil fuels. And they d...
... and monthly water filling. Solar energy is the cleanest and purest form of energy, allowing for cleaner air overall in our environment. There is great hope for a lot more solar panels to be installed worldwide. Solar is a viable alternative energy with solar panels becoming more affordable and more efficiently designed.
When determining whether a country could be a suitable partner to establish business relations with, many factors must be taken into consideration before making a decision. Some of these factors include the characteristics of the country, the demographics of the market place and supply base, and the country’s infrastructure. These traits directly affect how a company will adapt to a local environment and how a supply chain manager will make their decision on whether to establish relations with the country. The country that will be analyzed in this paper with all these characteristics taken into consideration will be Saudi Arabia. Through the information provided, we will determine whether Saudi Arabia can fit into the future global supply chain and if there are any particular commodities that can be sourced from the country.
First of all, solar energy is the energy produced when the sun heats the solar panel. Thus, when the sun heats the panels, it produces electricity. Solar power produces energy during the day and can store energy for the night. Solar power does not pollute the environment. However, it has high maintenance cost, and it takes a lot of land space.