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The energy industry is the totality of all of the industries involved in the production and sale of energyincluding fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries. The use of energy has been a key in the development of the human society by helping it to control and adapt to the environment.
Managing the use of energy is inevitable in any functional society. In the industrialized world the development of energy resources has become essential for agriculturetransportationwaste collectioninformation technologygas and energy trading ltd that have become prerequisites of a developed society.
The increasing use of energy since the Industrial Revolution has also brought with it a number of serious problems, some of which, such as global warmingpresent potentially grave risks to the world.
In some industries, the word energy is used gas and energy trading ltd a synonym of energy resourceswhich refer to substances like fuelspetroleum products and electricity in general, because a significant portion of the energy contained in these resources can easily be extracted to serve a useful purpose. After a useful process has taken place, the total energy is conserved, but the ressource itself is not conserved, since a process usually transforms the energy into unusable forms such as unnecessary or excess heat.
Ever since humanity discovered various energy resources available in nature, it has been inventing devices, known as machines, that make life more comfortable by using energy resources. Thus, although the primitive man knew the utility of fire to cook food, the invention of devices like gas burners and microwave ovens has increased the usage of energy for this purpose alone manyfold.
The trend is the same in any other field of social activity, be it construction of social infrastructure, manufacturing of fabrics for covering; porting; printing ; decorating, for example textilesair conditioning ; communication of information or for moving people and goods automobiles. Production and consumption of energy resources is very important to the global economy. All economic activity requires energy resources, whether to manufacture goods, provide transportationrun computers and other machines.
Widespread demand for energy may encourage competing energy utilities and the formation of retail energy markets. The energy sector accounts for 4. Since the cost of energy has become a significant factor in the performance of economy of societies, management of energy resources has become very crucial.
Energy management gas and energy trading ltd utilizing the available energy resources more effectively that is with minimum incremental costs. Many times it is possible to save expenditure on energy without incorporating fresh technology by simple management techniques.
The process couples energy awareness with energy conservation. The United Nations developed the International Gas and energy trading ltd Industrial Classificationwhich is a list of economic and social classifications. This classification is used by the U. Securities and Exchange Commission. The Global Industry Classification Standard used by Morgan Stanley define the energy industry as comprising companies primarily working with oil, gas, coal and consumable fuels, excluding companies working with certain industrial gases.
Dow Jones Industrial Average . Government encouragement in the form of subsidies and tax incentives for energy-conservation efforts has increasingly fostered the view of conservation as a major function of the energy industry: This is compounded by the fact that the economics of delivering energy tend to be priced for capacity as opposed to average usage.
One of the purposes of a smart grid infrastructure is to smooth out demand so that capacity and demand curves align more closely. Some parts of the energy industry generate considerable pollution gas and energy trading ltd, including toxic and greenhouse gases from fuel combustion, nuclear waste from the gas and energy trading ltd of nuclear power, and oil spillages as a result of petroleum extraction.
Government regulations to internalize these externalities form an increasing part of doing businessand the trading of carbon credits and pollution credits on the free market may gas and energy trading ltd result in energy-saving and pollution-control measures becoming even more important to energy providers.
Consumption of energy resources, e. Many electric power plants burn coal, oil or natural gas in order to generate electricity for energy needs. While burning these fossil fuels produces a readily available and instantaneous supply of electricity, it also generates air pollutants including carbon dioxide CO 2sulfur dioxide and trioxide SOx and nitrogen oxides NOx.
Carbon dioxide is an important greenhouse gas which is thought to be responsible for some fraction of the rapid increase in climate change seen especially in the temperature records in the 20th century, as compared with tens of thousands of years worth of temperature records gas and energy trading ltd can be read from ice cores taken in Arctic regions.
Burning fossil fuels for electricity generation also releases trace metals such as beryllium, cadmium, chromium, copper, manganese, mercury, nickel, and silver into the environment, which also act as pollutants. The large-scale use of renewable energy technologies would "greatly mitigate or eliminate a wide range of environmental and human health impacts of energy use".
Energy conservation and the efficient use of energy would also help. In addition, gas and energy trading ltd is argued that there is also the gas and energy trading ltd to develop a more efficient energy sector. This can be done by: Best available technology BAT offers supply-side efficiency levels far higher than global averages. The relative benefits of gas compared to coal are influenced by the development of increasingly efficient energy production methods.
Since now energy plays an essential role in industrial societiesthe ownership and control of energy resources plays an increasing role in politics. At the national level, governments seek to influence the sharing distribution of energy resources among various sections of the society through pricing mechanisms; or even who owns resources within their borders. They may also seek to influence the use of energy by individuals and business in an attempt to tackle environmental issues.
The most recent international political controversy regarding energy resources is in the context of the Iraq wars. Some political analysts maintain that the hidden reason for both and wars can be traced to strategic control of international energy resources. According to the latter group of analysts, U. Energy policy is gas and energy trading ltd manner gas and energy trading ltd which a given entity often governmental has decided to address issues of energy development including energy productiondistribution and consumption.
The attributes of energy policy may include legislationinternational treaties, incentives to investment, guidelines for energy conservationtaxation and other public gas and energy trading ltd techniques. Energy security is the intersection of national security and the availability of natural resources for energy consumption. Access to cheap energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerabilities.
Gas and energy trading ltd to energy security include the political instability of several energy producing countries, the manipulation of energy supplies, the gas and energy trading ltd over energy sources, attacks on supply infrastructure, as well as accidents, natural disasters, the funding to gas and energy trading ltd dictators, rising terrorism, and dominant countries reliance to the foreign oil supply.
With as much dependence that the U. Energy security has become one of the leading issues in the world today as oil and other resources have become as vital to the world's people. However, with oil production rates decreasing and oil production peak nearing the world has come to protect what resources we have left in the world.
With new advancements in renewable resources less pressure has been put on companies that produce the world's oil, these gas and energy trading ltd are, geothermal, solar power, wind power and hydro-electric.
Although these are not all the current and possible future options for the world to turn to as the oil depletes the most important issue is protecting these vital resources from future threats. These new resources will become more useful as the price of exporting and importing oil will increase due to increase of demand. Producing energy to sustain human needs is an essential social activity, and a great deal of effort goes into the activity.
While most of such effort is limited towards increasing the production of electricity and oilnewer ways of producing usable energy resources from the available energy resources are being explored. One such effort is to explore means of producing hydrogen fuel from water. Though hydrogen use is environmentally friendly, its production requires energy and existing technologies to make it, are not very efficient.
Research is underway to explore enzymatic decomposition of biomass. Other forms of conventional energy resources are also being used in new ways. Coal gasification and liquefaction are recent technologies that are becoming attractive after the realization that oil reservesat present consumption rates, may be gas and energy trading ltd short lived.
Energy is the subject of significant research activities globally. For gas and energy trading ltd, the UK Energy Research Centre is the focal point for UK energy research while the European Union has many technology programmes as well as a platform for engaging social science and humanities within energy research.
All societies require materials and food to be transported over distancesgenerally against some force of friction. Since application of force over distance requires the presence of a source of usable energy, such sources are of great worth in society. While energy resources are an essential ingredient for all modes of transportation in society, gas and energy trading ltd transportation of energy resources is becoming equally important.
Energy resources are frequently located far from the place where they are consumed. Therefore, their transportation is always in question. Some energy resources like liquid or gaseous fuels are transported using tankers or pipelineswhile electricity transportation invariably gas and energy trading ltd a network of grid cables.
The transportation of energy, whether by tanker, pipeline, or transmission line, poses challenges for scientists and engineers, policy makers, and economists to make it more risk-free and efficient.
Economic and political instability can lead to an energy crisis. Notable oil crises are the oil crisis and the oil crisis. The advent of peak oilthe point in time when the maximum rate of global petroleum extraction is reached, will likely precipitate another energy crisis. Between and there have been around 69, deals in the energy sector. This cumulates to an overall value of 9, bil USD.
The most active year was with about 3. In terms of value was the strongest year bil. From Wikipedia, the free encyclopedia. In particular, the energy industry comprises: This section does not cite any sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. October Learn how and when to remove this template message. Environmental impact of the energy industry. Energy portal Sustainable development portal.
Retrieved 27 November Energie vergelijken in Dutch. Retrieved 28 October Energy efficient solutions for the conservation of energy. Archived from the original on 19 April Retrieved 6 June The number is based on Congressional appropriations. Energy and Australia's security". Archived from the original on 11 August Retrieved 1 June