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The Science and Economics of Energy: Learning about Solar Energy.

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Presentation on theme: "The Science and Economics of Energy: Learning about Solar Energy."— Presentation transcript:

1 The Science and Economics of Energy: Learning about Solar Energy

2 Some Interesting Diagrams Source: U.S. Energy Information Administration / Annual Energy Review 2010 Pay attention to units

3 Primary Energy Production By Source

4 Energy Flow U.S. Energy Information Administration / Annual Energy Review 2010

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6 Oil: Price

7 Petroleum

8 Petroleum Consumption

9 Coal: Price

10 Natural Gas: Price

11 Natural Gas: Benefits More abundant than oil Burns cleaner than coal or oil in terms of NO2 and SO2 Releases less carbon than oil or coal

12 CO2 Emissions

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14 Renewable Energy

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18 Renewable Energies Benefits: Less polluting Costs: Unproven technologies on a large scale

19 Why is Energy So Important? An activity Groups of three You will get a card Supply or demand for the good changes Will price increase or decrease?

20 Markets Interact #1 Oil

21 Markets Interact #1 Oil #2 Diesel Fuel

22 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking

23 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables

24 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #5 Heating Oil

25 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #5 Heating Oil #6 Gasoline

26 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #5 Heating Oil #6 Gasoline

27 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #5 Heating Oil #9 Natural Gas #6 Gasoline

28 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #5 Heating Oil #9 Natural Gas #10 Electricity #6 Gasoline

29 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #8 Batteries #5 Heating Oil #9 Natural Gas #10 Electricity #6 Gasoline

30 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #8 Batteries #5 Heating Oil #9 Natural Gas #10 Electricity #11 Turbines #6 Gasoline

31 Markets Interact #1 Oil #2 Diesel Fuel #3 Trucking #4 Vegetables #7 Electric Cars #8 Batteries #5 Heating Oil #9 Natural Gas #10 Electricity #11 Turbines #12 LED Bulbs #6 Gasoline

32 Economics Behind Energy Technology Economies of Scale Supply Energy is an input to every good Where will we get our power from in 20 years?


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