Using the supply-and-demand model

Reference no: EM13864421

FIRST PAPER ANALYSIS

Oilman T. Boone Pickens has proposed a plan to build wind farms in the center of the United States to produce about 20 percent of the electricity consumed in the United States. This would replace that same percentage of electricity currently produced by natural gas. The natural gas saved would be used to replace gasoline to run cars and light trucks. According to Pickens, oil imports could be reduced by one-third. The United States currently uses about 25 percent of global oil production. However, there are other countries, namely China and India that are experiencing its own industrial revolutions thereby impacting the Pickens Plan.

-Using the supply-and-demand model, explain using graphs how Pickens' plan would affect the global price of oil if it were to be successfully implemented. Feel free to further research this plan and other alternative energy plans, such as natural gas, wind, solar, hydrogen, and/or nuclear powers.-Please use separate graphs for U.S., China, and India oil markets, and additional graphs for U.S. alternative energy markets.

-If you were a government energy policy advisor, what would you recommend as an energy policy for the 21st Century? Why?

Reference no: EM13864421

Questions Cloud

Evaluate the financial statements and the financial position : Evaluate the financial statements and the financial position of health care institutions.

Calculate the mean and variance for each portfolio''s returns : calculate the mean and variance for each portfolio's returns

Develop strategies to advance your career using strengths : Explain why you agree or disagree with your results - Develop strategies to advance your career using your strengths.

Big airplanes (boeing and airbus) efficient explain : Is the market for big airplanes (Boeing and Airbus) efficient? Explain

Using the supply-and-demand model : Using the supply-and-demand model, explain using graphs how Pickens' plan would affect the global price of oil if it were to be successfully implemented. Feel free to further research this plan and other alternative energy plans, such as natural gas,..

Failure from different sources such as reports : Select a recent system failure, preferably a marine one, that has attracted your interest. Collect information relating to the failure from different sources such as reports, statements, newspapers, magazines or journals. Include these sources wit..

Show the probability distribution as a histogram : What does the correlation coefficient tell you about the relationship between the size of company X's sales force and company Y's yearly sales revenue and compute the correlation of the size of the sales force and yearly sales revenue.

The various modes of transportation : 1) The Hub and Spoke Concept continues its development in the various modes of transportation (Maritime, Air, Truck, and Rail). Describe some of the key advantages this concept brings to the various modes of transportation.

Financial options and weighted average cost of capital : determine whether stock prices are affected more by long-term or short-term performance.

User Account

All Pages