Social Issues: This factor is primarily related to the domestic usage of energy cooking, heating and water provision. Load shedding cause unrest and frustration amongst the people and results in agitation against the government. Poverty: Declination in economic growth, lower agricultural productivity, unemployment and shackling industrial growth result in increasing poverty.
Net imports of crude oil have increased from The import of petroleum products has increased from Renewable energy sources There is high potential for generation of renewable energy from various sourceswind, solar, biomass, small hydro and cogeneration bagasse. The total potential for renewable power generation in the country as on This includes wind power potential of MW 8.
It rose to 11,67, GWh during The production of electricity from utilities has increased from 11,16, GWh during to 11,67, GWh during , registering an annual growth rate of about 4. The Western European countries which are also technologically advanced consume 15 per cent of the world energy. China, a growing economy, consumes nine per cent of the world energy resources.
However, the rest of the world consumes only 45 per cent of energy production. This consumption is in sharp contrast to the production in respect of regional distribution. As the US has only 2. The largest fossil fuel reserves are located in Middle East and Russia.
The Arab countries possess 61 per cent of oil reserves of the world but they are not big consumers. This uneven distribution of consumption and production is the one cause of energy crisis. Other three causes behind the global energy crisis include surge in demand, tighter supply, political uncertainty in oil producing countries and lack of the diversity of resources. These factors are: One, the demand of energy resources have surged throughout the world.
It is projected that the energy demand by will be increased by 50 per cent. As the economy of world is mainly dependent upon fossil fuel energy, the demand of oil and gas is increasing tremendously. Same is the case with India, the largest growing economy in South Asia. The Central Asian and South American countries have also multiplied their consumption due to rapid industrialisation.
Two, the supply of oil and gas are mainly dependent upon the capacity to pump from the reserves. Instead of curbing this, the supply companies simply shift the burden of cost to the paying customers. A staggering Rs Once this maximum has been reached, global oil production will begin to forever decline afterwards, leading the world into a catastrophic energy crunch that could cripple our economy.
Oil will become more difficult to extract, therefore making it more expensive as nations compete for the declining supply. As a nation, we as modern people in the United States rely heavily upon energy sources such as oil, wind, thermal, natural, solar, hydraulic, etc.
During the 70s, energy was a booming industry that everybody wanted to be a part of. The Integrated Resource Plan for Electricity — IRP , adopted in March , did not address the grid at all — though an update in November includes the impact of the IRP on transmission and the need for new transmission corridors. It has to be built into the planning process from the start. Planning the grid was much easier when a few big power stations provided energy mostly to a few big cities, with one organisation responsible for the entire system.
The source of power is shifting. Planners must also now consider the addition of independent power producers IPPs to the energy mix and small-scale residential generation as citizens, increasingly frustrated by load-shedding and rising electricity prices, start to install their own rooftop solar systems.
Total Electricity generation in the country, from utilities and non-utilities taken together during was 13,35, GWh. Simultaneously, it is the responsibility of us, the people of Pakistan, to utilize the available energy astutely and wisely to play our due role for progress of the country.
Social Issues: This factor is primarily related to the domestic usage of energy cooking, heating and water provision. America is again there for the same purpose. Primary energy consumption in India more than doubled between and , reaching an estimated million tons of oil equivalent. Since the demand has been increased far more than the increase in the production of fossil fuels, a disproportionate imbalance between the demand and supply has been created which has resulted in energy crisis. A more intelligent grid would include policies and regulations to encourage private renewable energy production, with citizens installing their own generation capacity and selling their surplus back into the grid.
Another mitigation measure is the setup of a cache of secure fuel reserves like the United States Strategic Petroleum Reserve , in case of national emergency.
Other ideas concentrate on design and development of improved, energy-efficient urban infrastructure in developing nations. However, it is also limited and has hazardous effects on human health. Third, the supply of hydrocarbons is also affected by the political condition in the resource countries. Fourth; atomic energy is hailed as panacea to pollution problems generated by fossil fuels, and is destined to be the cheapest source of energy. These negative implications of burning fossil fuels on human environment and life make it incumbent upon man to diversify the energy resources. Conclusions that the world is heading towards an unprecedented large and potentially devastating global energy crisis due to a decline in the availability of cheap oil lead to calls for a decreasing dependency on fossil fuel.
And the first choice of sustainable energy is the clean and renewable energy.
The South African crisis led to large price rises for platinum in February and reduced gold production. Causes Market failure is possible when monopoly manipulation of markets occurs.
Planners must also now consider the addition of independent power producers IPPs to the energy mix and small-scale residential generation as citizens, increasingly frustrated by load-shedding and rising electricity prices, start to install their own rooftop solar systems. The consumption of fossil fuels has increased manifolds due to rapid industrialisation of developing countries like China and India.
Such mitigation could include energy conservation, fuel substitution, and the use of unconventional oil. A more flexible grid, and more flexible capacity, would complement rather than hinder intermittent renewable energy. On the other hand the renewable resources of energy; hydro, solar, wind, nuclear, geothermal, biogas and wave constitute only 15 per cent of global share of energy supply. Not long ago gas prices were a dollar seventy-five, but now it is almost four dollars a gallon.