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Energy Business Assignment 9

Terms in this set (25)

The proposals by Gore, Pickens, and others about changing energy sources is that they ignore one of the most important realities: the inherently slow pace of energy transitions. True or false?
True
What provided most of the US energy needs by the early 1900s?
coal
What provided most of the US energy needs by the early 2000s?
Petroleum
6 energy realities
Energy Realties
1. We are not running out of fossil fuels. All energy sources should be promoted - not punished.
2. Energy transitions are generally slow and historically have taken up to a century.
3. Energy is all about thermodynamics and financial economics.
4. Renewable energy sources help but they are just part of the solution.
5. We need to focus on what the science and economics of energy and not let politics impact our judgement.
6. The public is misinformed about energy and energy education is a must.
What can we learn from the Chimu Empire? This question comes from the Energy Policy and Energy Realities lecture during the last week of the semester
We (the U.S.) need to make sure our energy policies are realistic. Otherwise, we may be trying to make water go uphill like the Chimu Empire.
What are the First and Second Laws of Thermodynamics?
First law of thermodynamics: (Law of Conservation of Energy), states that energy can neither be created nor destroyed; energy can only be transferred or changed from one form to another.

Second Law of Thermodynamics: In all energy exchanges, if no energy enters or leaves the system, the potential energy of the state will always be less than that of the initial state. "Energy spontaneously tends to flow only from being concentrated in one place to becoming diffused and spread out."
How long did it take the U.S. to use more petroleum as an energy source than coal after the discovery of oil by Colonel Drake in 1859?
90 years
What country and what province had to reverse their energy policies from green energy to more fossil fuel based when there were complaints by the public for high energy prices?
Germany and Ontario
How much energy did the U.S. use in quadrillion btus in 2019?
100.2
What energy sources do not earn a sufficient energy return (buffered) on investment according to a 2014 research study?
solar PV, biomass, and wind
What is being grown in Louisiana for biofuel?
Sorghum
France has the cheapest price of electricity in Europe because around 80% of their energy is from nuclear. This statement is:
true
_____________ is a country that is discussed in the lecture that used natural gas as an energy source instead of wood (a biofuel) and did not deforest their land. The other country discussed, _______, did not do this and damaged their ecosystem.
Dominican Republic; Haiti
Skyrocketing ________________ prices in Europe have pushed fertilizer producers such as Norway's Yara and Hungary's Nitrogenmuvek to curtail production and some have even suspended operations.
Natural Gas
Which fossil fuel accounts for 75 to 90% of fertilizer production costs?
This question is from the reading: "You'll Miss Fossil Fuels When They're Gone", Wall Street Journal, April 4, 2022. It is posted to the module on Canvas.
Natural Gas
Which of the following statements is consistent with a key message of the article? Select all that apply.
This question is from the reading: "You'll Miss Fossil Fuels When They're Gone", Wall Street Journal, April 4, 2022. It is posted to the module on Canvas.
Russia's invasion of Ukraine has highlighted how even a modest decline in the supply of oil and gas can send prices for energy and raw materials soaring.

Petrochemicals are ubiquitous and indispensable.

As much as progressives loathe fossil fuels, they can't live without them.
What is the most common plastic in use today?
Polypropylene
Which of the following statements are consistent with the message of the article. Choose all that apply.
This question is from the reading: "Why Renewables Can't Solve Europe's Energy Crisis", by OilPrice.com, April 4, 2022. It is posted to the module on Canvas.
The European Union will seek to replace 50 billion cubic meters of annual Russian gas consumption with liquified natural gas.

In total, the European Commission seems to be planning to replace more than half of its Russian gas consumption with other fossil fuels.

Soaring prices of key metals and the length of time it takes to implement renewable energy projects have meant Europe is turning to fossil fuels to solve its energy crisis.

Russia's invasion of Ukraine has highlighted the shortcomings of renewables.
Face masks are made from which material?
Polypropylene
Europe is turning to what energy source to solve its energy crisis?
fossil fuels
Which type of fuel has the highest BTU per volume?
Diesel
Why is a gelling agent frequently added to the frack water?
To increase the viscosity of the fluid to suspend the proppant.
How many roasts can a nuclear reactor cook in a day and how many total people are fed? Assume the following:
Nuclear reactor is 1.5 gigawatt and each oven uses 2400 watts.
The cooking time is 2.5 hours and you can cook 24 hours per day. (Always round down if you have a partial cooking time. We don't want to make anyone sick with partically cooked food!)
Assume each roast feeds 5 people.
about 6.7 million roasts and about 33.3 million people fed
If you had a home with 20 light bulbs of 75 watts each burning and you had them on for ten hours each day, how much energy is being used per day? Type your answer in WATT-HOURS into the blank and only write the numbers.
15,000
Dr. Simkins gives an example of a couple of people that demonstrate energy illiteracy - where they are basically hypocrites. This is an example of why energy education is so important to prevent energy illiteracy. Which of these is the example she gives.
This question comes from the Energy Policy and Energy Realities lecture during the last week of the semester. This answer is given in Video #3 or Video #4.
People that drove an car that runs on CNG and had a "no fracking" sign in their front yard.
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