The Science and Economics of Energy: Learning about Solar

Energy

Some Interesting DiagramsSource: U.S. Energy Information

Administration / Annual Energy Review 2010

Pay attention to units

Primary Energy Production By Source

Energy FlowU.S. Energy Information Administration / Annual Energy Review 2010

Oil: Price

Petroleum

Petroleum Consumption

Coal: Price

Natural Gas: Price

Natural Gas: BenefitsMore abundant than oilBurns cleaner than coal or oil in terms of

NO2 and SO2Releases less carbon than oil or coal

CO2 Emissions

CO2 Emissions

Renewable Energy

Renewable Energy

Renewable Energy

Renewable EnergiesBenefits:

Less pollutingCosts:

Unproven technologies on a large scale

Why is Energy So Important?An activityGroups of threeYou will get a card

Supply or demand for the good changesWill price increase or decrease?

Markets Interact

#1

Oil

Markets Interact

#1

Oil

#2

Diesel Fuel

Markets Interact

#1

Oil

#2

Diesel Fuel

#3

Trucking

Markets Interact

#1

Oil

#2

Diesel Fuel

#3

Trucking

#4

Vegetables

Markets Interact

#1

Oil

#2

Diesel Fuel

#3

Trucking

#4

Vegetables

#5

Heating Oil

Markets Interact

#1

Oil

#2

Diesel Fuel

#3

Trucking

#4

Vegetables

#5

Heating Oil

#6

Gasoline

Markets Interact

#1

Oil

#2

Diesel Fuel

#3

Trucking

#4

Vegetables

#7

Electric Cars

#5

Heating Oil

#6

Gasoline

Markets Interact

#1

Oil

#2

Diesel Fuel

#3

Trucking

#4

Vegetables

#7

Electric Cars

#5

Heating Oil

#9

Natural Gas

#6

Gasoline

Markets Interact

#1

Oil

#2

Diesel Fuel

#3

Trucking

#4

Vegetables

#7

Electric Cars

#5

Heating Oil

#9

Natural Gas

#10

Electricity

#6

Gasoline

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

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

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

Economics Behind EnergyTechnologyEconomies of ScaleSupply

Energy is an input to every good

Where will we get our power from in 20 years?