MICROECONOMICS ASSIGNMENT Demand & Supply of Lauric Oil TABLE OF CONTENTS 1. Introduction 1.1 What is lauric oil? And what are its applications? Page 3 2. Factors affecting demand 2.1 2.2 2.3 2.4 Population and food demand Crude oil and biodiesel Prices of palm and other vegetable oil Important events of Year 2011 Page 4 Page 5 Page 6 Page 7 3. Factors affecting supply 3.1 3.2 3.3 Climate Incremental supply forecast for 2011 – 2012 New policy highlights Page 8 Page 8 Page 10 4.
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Will Biofuels solve global warming? Global warming is caused by greenhouse gasses; these trap heat in the earth’s atmosphere that should escape from the earth. Global warming is causing sea levels to rise and ice caps to melt this could lead to coastal cities flooding‚ droughts in area’s which usually get rain and less crops to list only a few affects. The cause of global warming is “greenhouse gasses” these gasses include nitrous oxide carbon dioxide and water vapour. Cars produce CO2‚ H20 and
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Comparison of the rate of reaction and yield of glycerol in saponification with different triglycerides Chemistry EE Candidate number: 0019 Word count: 3974 TABLE OF CONTENTS CONTENTS 2 INTRODUCTION 2 RESEARCH QUESTION 5 BACKGROUND INFORMATION 5 METHODOLOGY 10 DATA PRESENTATION AND PROCESSING 13 CONCLUSION 24 EVALUATION 24 BIBLIOGRAPHY 26 Introduction In 1779‚ Carl W. Scheele‚ a Swedish chemist‚ discovered a new transparent‚ syrupy liquid by heating olive oil and litharge . This
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Vehicle market enabling them to manufacture cars like the Brazilian Fiat 147 [7]‚ the first modern automobile that could run on pure-unblended ethanol followed by Volkswagens‚ Chevrolets‚ Toyotas and Nissans just to name a few [6]. Biodiesel Like ethanol‚ biodiesel is a renewable alternative fuel for cars. This is because it is made from
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natural resources are being used in excess and supply is starting running short. A. Alternative options pro’s and con’s. 1. Biodiesel can be mixed with any level of standard diesel fuel but the most common is B20 or 20% biodiesel and 80% standard diesel fuel (Hess‚ 2003). 2. Unlike most other alternative energy sources almost all newer diesel engines can run on biodiesel with little or no engine modifications (Hess‚ 2003). 3. Nearly all gasoline from the gas stations has some ethanol mixed in
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this ethanol we can obtain energy that we can then use as a fuel. Biofuels have had a great impact in the world already. In the year 2011 the Ethanol consumption was over 25 billion of gallons‚ however‚ getting society to use Biodiesel hasn’t been very successful. Biodiesel is a less environmental damaging substitute for petroleum diesel fuel. It is made out of vegetable oil‚ it doesn’t matter what condition the vegetable oil is in‚ it could have already been used for cooking‚ etc. This vegetable
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and some types of garbage‚ are used to produce electricity. Some types of biomass can be converted into liquid fuels called biofuels that can power cars‚ trucks‚ and tractors. Leftover food products like vegetable oils and animal fats can create biodiesel‚ while corn‚ sugarcane‚ and other plants can be fermented to produce ethanol. Categories of biomass materials Within this definition‚ biomass for energy can include a wide range of materials. The realities of the economics
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Sheethal Mathew Professor Moton English 1 A 7 May 2012 Gasoline Impact on Environment The quote “while the United States consumes nearly 25 percent of the world’s petroleum‚ as a country it maintains only 2 percent of the world’s petroleum reserves” itself should describes this country’s over consumption of petroleum (energy.ca.gov). Gasoline is refined crude oil which is formed inside the earth from fossils that died thousands of years back. There is only so little of the material left that
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Final Research Paper COMM/215 26 Oct 2010 Introduction For years environmentalists have been screaming about going green‚ recycling and reusing products‚ and so forth. So the idea of our vehicles using alternative fuel sources would be a welcomed change. With the dozen of vehicles and fuel sources being introduced‚ it is now a possibility to add alternative fuel vehicles to our rental car fleet. Through this presentation‚ gasoline and alternative fuel vehicles will be fully outlined;
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write outside the box 1 Petroleum diesel is a fuel made from crude oil. Biodiesel is a fuel made from vegetable oils. To make biodiesel‚ large areas of land are needed to grow crops from which the vegetable oils are extracted. Large areas of forest are cleared by burning the trees to provide more land for growing these crops. Leave as forest Forest Produce food Burn the trees Grow crops Produce biodiesel 1 (a) 1 (a) (i) Use this information and your knowledge and understanding
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