Discuss the role of storage in natural gas trading. Discuss the economic consequences of fossil fuel...

Discuss the role of storage in natural gas trading.

Discuss the economic consequences of fossil fuel subsidies.

Explain the economic concept of peak-load pricing.

Expert Solution

Rahul Sunny answered 2 years ago

Hydrogen gas is used as a fuel instead of fossil fuels. Storage of hydrogen is a...

Hydrogen gas is used as a fuel instead of fossil fuels. Storage of hydrogen is a challenge. One avenue of research involves chemical storage such as incorporating hydrogen as part of a metal hydride. In the following reaction sodium borohydride, NaBH4, is used as a means for storing and later generating the hydrogen gas in situ where it is needed as a fuel. Application of heat and use of a catalyst drives the reaction forward. NaBH4(s) + 2 H2O(l) →...

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A natural gas storage tank is a cylinder with a moveable top. The volume of the...

A natural gas storage tank is a cylinder with a moveable top. The volume of the cylinder can change only as its height changes. Its radius remains fixed. The height of the cylinder is 22.3 m on a day when the temperature is 23 ∘C. The next day the height of the cylinder increases to 23.6 m as the gas expands because of a heat wave. Find the temperature, assuming that the pressure and amount of gas in the storage...

The main fossil fuels -- coal, natural gas, and crude oil -- are close substitutes in...

The main fossil fuels -- coal, natural gas, and crude oil -- are close substitutes in many industrial, commercial, and residential applications, such as for space heating, mechanical energy, electric power generation, and as a petrochemical feedstock. Despite their overlapping end uses and potential for substitution, differing physical characteristics of these fuels affect regional and global markets for them. Please write a few sentences describing how differences in physical characteristics affect regional and global trade for these fossil fuels.

1. In the electricity market, the U.S. overwhelmingly uses fossil fuels, primarily coal and natural gas....

1. In the electricity market, the U.S. overwhelmingly uses fossil fuels, primarily coal and natural gas. One of the backstop resources is electricity generated from wind. If the price of wind energy decreases a. we will stop using fossil fuels sooner. b. we will continue using fossil fuels for an even longer period of time before transitioning to the backstop resource. c. there will be no impact on when we transition from fossil fuels to wind. d. the demand for...

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What is the energy density of the three fossil fuels (coal, natural gas, oil)? Express your answer in both joules per kg and kilowatt-hours (kwh) per kg. Calculate the CO2 emitted per kwh of energy produced. Rank the three fossil fuels from highest to lowest emission of CO2.

Briefly discuss whether fossil-fuel derived energy can ever be environmentally friendly?

Consider the markets for fossil fuels (oil, coal, natural gas) and alternative energy sources (solar, wind,...

Consider the markets for fossil fuels (oil, coal, natural gas) and alternative energy sources (solar, wind, geothermal power etc). Due to the current climate change, let's say we desire to have people use less of the fossil fuels (which produce greenhouse gasses that cause global warming) and more of the alternative energy sources. Using the concepts of Supply and Demand, discuss how the government can use policies to shift these curves, and what the results will be on the quantities...

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why do you believe natural gas is government preferred fuel for power generation?

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