Economy versus environment conundrum

Economy versus environment conundrum
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Economy versus environment conundrum
In an energy-oriented world, demand for fossil fuel is on a firm rise. The danger associated with the looming oil crisis creates the need for investment in natural gas (Owen, 2012). Current deposits of oil are dwindling, and alternatives are under scrutiny. Initial cash outlay for natural gas prospecting is high. The investments eventually pay off because the lucrative market for natural gas is booming as an alternative fuel. Postulated figures indicate that growth in this sector of the energy market is set to hit unprecedented levels when the feasibility of oil cannot be vouched (Daigle et al, 2010).
Prospecting for energy in deep-seated seams of the earth is a costly affair in terms of cash outlay and environmental impact. In view of this, financial appraisal is necessary to establish the viability of a project. Suitable appraisal tools applied to estimation and ascertainment of the required financial resources offer necessary effort. In order to justify the sinking of funds to a risky venture, precision is required to ensure that confidence levels guarantee the investment a healthy return (Kudrow, 2009). The difficulty involved in prospecting for energy reserves and inaccuracy of equipment involved can lead to devastating losses. This happens in sunk costs if a company fails to acquire the energy reserves it aims to drill.
In an energy driven world, environmental concerns take back stage. Debate on the impact of fossil fuels to the environment and the atmosphere has been raging on for the better part of the previous decade. It has become apparent that there is a need to be environmentally conscious to ensure the protection of the environment.
The article clearly outlines modern research and technology that can be used to benefit fuel dependent economies and the environment. Arcane science of carbon dioxide injection into the earth t...