crisis; failing to increase supply proportionately and conserving demand. In 1980s‚ it met 86% of its demand; come 2000s‚ situation is getting worse. Explosion in the supply of natural gas gave the nation a breather‚ sharing burden of electricity and oil‚ only to make future insecure as gas reserves deplete at fast rate. Fire-fighting on the part of government becomes national strategy‚ instead of proactive‚ long-term planning. This has contributed to circular debt problem because of short-sightedness
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The Economic Outlook for Jamaica 2012-2014 The Jamaican economy is based on the free market model‚ and has few restrictions on trade‚ investment and movement of currency. The major productive sectors over the years have included tourism‚ mining‚ agriculture‚ information technology & telecommunications‚ manufacturing and the entertainment sector. Jamaica’s economy is presently very dependent on services‚ according to the CIA world fact book report of 2010‚ with it accounting for more than
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development agenda. The greatest challenge choke the economy is the increase in global oil prices. In fact‚ the rise in oil prices is a global phenomenon which is affecting all countries‚ and due to various factors. Among the main reasons that led to an extreme rise in oil prices at this time is geopolitical uncertainty. The invasion of Iraq by the United States in 2003 has crippled one of the world’s major oil-producing countries‚ and caused turmoil in the Middle East that has yet to subside. The
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continuously replenished"(LLC‚2014). Natural resources such as sunlight‚ rain‚ tides‚ ocean‚ wind‚ heat‚ biomass‚ geothermal‚ fossil- are naturally replenished. There are many natural energy resources which are limited in supply such as natural gas‚ oil‚ coal. But these sources only can fulfil our demands for next fifty to sixty years. As alternative to these energy there is renewable energy. It is very important nowadays as it brings a positive environmental impact‚ development in the economy‚ energy
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Renewable and Sustainable Energy Reviews 7 (2003) 453–468 www.elsevier.com/locate/rser A review on the energy production‚ consumption‚ and prospect of renewable energy in China J. Chang a‚ Dennis Y.C. Leung b‚∗‚ C.Z. Wu a‚ Z.H. Yuan a b a Guangzhou Institute of Energy Conversion‚ Guangzhou‚ China Department of Mechanical Engineering‚ The University of Hong Kong‚ Pokfulam Road‚ Hong Kong‚ China Received 14 April 2003; accepted 14 April 2003 Abstract China is the second largest
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growth in Caribbean countries? Documentation style: APA High oil prices have negatively affected growth in Caribbean economies and with prices constantly rising‚ the way forward is clear. This is the use of renewable energy instead of oil‚ which will result in many positive effects on the Caribbean and the world at large. Renewable energy is obtained from natural resources‚ such as wind‚ geothermal heats and waves. Unlike oil‚ renewable energy is not scarce and there is an adequate supply. This
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doubled in the next decade as energy consumption in Pakistan is severely high with various sectors such as agriculture‚ industrial‚ commercial etc. consuming high level of energy. The power sector is consuming 33.1 percent of the total produced crude oil and 37.2 percent of gas‚ coming from 173 gas fields operating in the country……………. 3. OBJECTIVE OF THE STUDY: Making policies has never been the plight of our government. It is the lack of implementation which keeps the wheel of crisis moving
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ENERGY USAGE IN INDIAN URBAN HOUSEHOLDS: THE ROLE OF RENEWABLE ENERGY TECHNOLOGIES Gopala Krishnan K‚ Malathy Duraisamy‚ L S Ganesh Industrial Engineering and Management Division‚ Department of Humanities and Social Sciences‚ Indian Institute of Technology‚ Madras‚ Chennai 600 036‚ INDIA ABSTRACT DEMAND FOR ENERGY.................... This study attempts to understand the dynamics of energy use in the urban residential sector. For this purpose‚ a household survey was conducted
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Hedging A Strategy for Air Carriers to Combat Fuel Hike Index Jet Fuel – The Nemesis of Airlines In the year 2008‚ the growth of global aviation industry received a major bolt from the fear of global economic slowdown and the rise in crude oil prices. Though the global economic uncertainties impacted the business of airlines‚ but the steep surge in crude prices has changed the financial equations of the airline across the world‚ with India being no exception. In fact over the previous
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that can amze any scientist‚historian‚archeologist‚geographers NEW DELHI: India will be world’s third largest economy by 2030 but its energy demand will slow down to 4.5 per cent‚ global energy giant BP plc (one of the world’s leading international oil and gas companies) said today. "By 2030 China and India will be the world’s largest and third largest economies and energy consumers‚ jointly accounting for about 35 per cent of global population‚ GDP and energy demand‚" BP’s chief economist Christof
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