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General Information:

To be an effective learning tool the Discussion Thread questions require your ACTIVE
discussion of the topic in answering the question AND in discussing the topic with at
least two of your classmates.
         a.   First post made during, or before, Saturday.
         b.   Posts on at least 3 different days.
         c.   Responses to at least TWO other classmates.
         d. Substantive posts that stimulate further active discussion, posts that
         accurately reflects the learning of the Unit, that are logical, and clearly
         presented with correct spelling, word usage and grammar.
Be sure to complete the Assignment to define key terms for this unit prior to answering
the Discussion Thread question.
Topic
Reliance on finite supplies of foreign oil and on coal fired electric power plants causes
ever increasing prices that we must pay for the oil and the deleterious effects on our
environment from both as sources of greenhouse gasses contributing to global
warming.
There are several renewable sources of energy available to the world. These include:
         1. Wind power (both large scale wind turbines and household sized roof
         mounted wind turbines to co-generate electricity)
         2.   Solar water heating (roof mounted solar collectors)
         3. Solar photovoltaic electric generation (solar cells mounted on roofs to
         co-generate electricity)
         4.   Ocean wave generation of electricity
         5.   In transportation, the development of all electric and hybrid electric cars
Please pick one of these topics, do internet research on it and discuss the ECONOMIC
impact on the overall economy that national adoption of that choice would have and
discuss what the drawbacks are to adopting that system in the near future.
Pay particular attention to research presented by mainstream business news
organizations such as:
             MSNBC - http://www.msnbc.msn.com/id/3032072/ns/business
             CNBC - http://www.cnbc.com/id/15839285
             PBS Nightly Business Report - http://www.pbs.org/nbr/
as well as any economic think tanks such as the American Enterprise Institute,
Brookings Institution, Cato Institute, or the Center for Economic and Policy Research.
Links to several economic think tanks can be found at:
http://business.baylor.edu/steve_gardner/TTANKS.HTM
Remember to include in your references links to the web sites that you feel are
important contributors to your position
(For clarification of expectations, review the discussion board rubric criteria located in
the syllabus.)

06/16/2012 03:34pm
I would like to first say that I am a huge advocate of renewable resources.
We should be very progressive and aggressive in our development of
technology that can and will replace oil. Laws should also be passed for
greener homes and apartments, that would require builders to adhere to
stricter guidelines when building any new home. This should cover all new
cars as well.

My number one choice for renewable energy is solar (photovoltaic).

This is what I know before research:
-seems like the best renewable energy solution
-does not in itself cause pollution
-is pretty expensive
-has an endless amount of potential energy
-requires large glass panels on the roof to generate a useable amount of
electricity

This is what I know after research:
-solar can function well in any climate
-solar energy can be stored (something I did not know)
-solar panels can operate on their own without being connected to a power
grid/gas grid
-solar panels need very little maintenance which translates to savings
-solar panel warranties can be offered up to 20 years, which I find quite
amazing (AlternativeEnergySecret).
So what is the economic impact of implementing such an energy resource?
Well, first it would create many new jobs. Jobs developing the technology,
jobs marketing the technology, and jobs building and implementing the solar
technology. The economic impact would be great...if we became serious
about implementing and integrating it into our society. I see a future where
houses and apartments provide their own electricity and perhaps even add
extra energy back to the power grid - that would be amazing. Imagine
receiving a letter in the mail from the electric company, though it's not a bill,
it's a check because your home actually provided surplus energy. The
electric company is paying you!

What would be the drawbacks? Well it is expensive to implement solar
energy; someone would have to foot the bill to get it started. Also, even
though panels last a long time, they will eventually have to be replaced.
They cannot just be thrown into a dumpster as they contain harmful
materials. There's also a concern for the large scale manufacturing of
millions of panels. This would require a huge amount of resources as well as
tight control over the manufacturing plants themselves. We wouldn't want to
generate pollution on the back-end just so there wouldn't be pollution on the
front-end.

Reference:
www.alternativeenergysecret.com. (n.d.). The Pros and Cons of Solar Energy.
Retrieved 06/16/2012 from: http://www.alternativeenergysecret.com/pros-cons-solar-energy.html.




---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page
http://eddiejackson.net/web_images/solar_panels.gif




06/16/2012 4:59pm
VIDEO 1
I find the invisible hand an interesting concept. It basically says your own
personal greed or capitalism endeavors could perhaps ultimately serve the
public. I'm not sure if that's always true, but is certainly true sometimes.

The real problem I see with someone only being concerned with personal
ventures, is their lack of concern or acknowledgement of all the other
contributing factors to their success (which really is the success of our own
open market system). It's rare to become successful without the help of
many variables; variables like family, friends, employees, other business
contributing factors, other companies, market educators, and even just pure
luck. The only reason I mention this is because I believe it's hard to build
solid business models on the ever-shifting variables that contribute to our
open market. And, to say something like the invisible hand could possibly
drive successful markets, seems like a stretch to me. That's not to say it
couldn't possibly happen - I just think if we want to forecast or predict how
to maintain strong economies, we need more than just the invisible hand.
America already suffers from extreme narcissism, and the invisible hand just
seems to perpetuate that ideology.

---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page




06/16/2012 08:03pm
VIDEO2
The United States has the largest oil imports right now, but in the year 2015 it will
be the EU, and years later (2035) it will be China. The oil equation is ever changing
and really requires our attention on the world stage - and how it will be used in the
future; oil obviously is running out and we need to look to coal and natural gas as
other serious alternatives. Even better yet, renewable energy should be evaluated.
Nuclear power is also a good alternative...however there are serious implications
and questions surrounding nuclear fuel usage.

The 11 degrees Fahrenheit change due to the increased CO2 on our planet is also a
concern - up for debate, but many believe we are the cause of this "global
warming" due to the factories and burning of fossil fuels.

We need new technology that addresses our energy needs efficiently. Only then can
we escape the many pitfalls of burning fossil fuels, as well as keep us from
destroying our planet. I know I wasn't raised to save (or think about) our planet,
but it really is the only one we have; maybe we should treat it better.
---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page



06/12/2012 8:36pm
VIDEO3
IEA, EIA and IEO the groups as part of the CSIS, spoke on world natural gas being
well supplied, that greenhouse gas emissions are still rising, as well environmental
concerns, as each of them are related to the growing global market of energy.
There are environmental concerns as well as other unknown economic changes that
are coming. The world energy use is obviously rising exponentially, and the
statistics are forecasted from now to the year 2035. China and India energy
consumption, combined alone, in 2008 was 21% and by 2035 it will be 31%. The
video is basically a summary of projected growth and energy needs of the top
largest countries, how this is relative to economic development, along with
population growth.

My summary is, yes, energy needs of the future will be great. The market of energy
will probably be the most profitable global market on our planet. And, how we
address the energy needs in the future is an extremely important topic - which we
all should be concerned about. Not only do we have to supply energy to the largest
countries in the world, but we also have to find a way of doing it without destroying
our planet.



---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page




06/17/2012 01:45pm
VIDEO4
I see the higher the production of a product, the higher the opportunity costs of
that very same product - it makes a lot of sense actually (this equals the law of
increasing opportunity costs). The comparison between two products like guns and
butter seemed pretty simple really; I doubt that the real equation is that simple.

I am sure there is some basic psychology that applies to economics, and I'm sure
economists think they have the answers based upon our past successes. I think
they are probably wrong as the financial equation that will affect the economics of
the future are being skewed by unknown and unpredictable variables; the best they
have are educated guesses.

I'm hoping to learn a lot more economics in general, because as of right now, I look
at economics as a totally negative aspect of our society. I don't believe the
economics of our society are doing us any good. Our current open market system
brings out the worse in people, segregates the haves from the have-nots, as well as
promotes greed, extreme wealth, and narcissism. I cannot see how the economics
of the 21st century is good for us.
---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page




06/17/2012 02:19pm
VIDEO5
Scarcity, the law of increasing opportunity costs, efficiency, and pushing the
frontier outward are all part of understanding the economics of our time. What I'd
be interested in is knowing if having more material possessions is making us
stronger, faster, or better human beings.

The thought I'd like to expand upon is are we using these possessions to build a
better society? Or, are we abusing our resources? A hammer is simple tool that
does quite a bit. Its simplicity is its very strength. Another tool is the computer, as
great as it is (in all its complexities), many believe it is making us lazy, fat, and
perhaps stupid as it has added way too many shortcuts to our society; rather than
reading and learning from books, we now turn to instant answers, quick
information, without actually knowing or having any real knowledge surrounding
the topic (I've witnessed this firsthand). I've always said there is something
important to be said for the slower absorption of knowledge in concentrated
studies.

If American economics are supposed to move in a positive direction in the future,
we need more than just hollow solutions; we need solid products and quality
services that the entire world can benefit from. Americans need to get back to
basics, and that's hard work.



---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page




06/16/2012 8:58pm
Wind Power
I like the idea of wind as a renewable resource, but my problems with it is it can't
be used in every climate. And as you pointed out, there is actually a small level of
pollution associated with wind turbine technology (I had never heard of that). My
post was on solar energy...I believe solar is really an untapped renewable resource.
I mean the sun is going to be around for quite a while, and the way we harness the
energy generates next to zero pollution (other than ultraviolet light). The actual
solar panels being made these days can last up to 20 years, have low maintenance,
and if used in large panels, can supply almost all a home's energy needs - quite
amazing. The only problem with solar panels, they are expensive, well the upfront
cost is high that is. Good post though, I do find all renewable energy quite
fascinating, and hopefully will be considered as a serious energy source of the
future.



---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page




06/17/2012 5:41pm
I am also an advocate of renewable energy sources and wonder why we aren't
doing more; maybe it's because oil is making the rich richer. The financial
economics of renewable energy just aren't there yet; we don't see the real value of
changing from fossil fuels to renewable energy unless there are billions to be made.
Never mind the much needed ecological relief it would give to our planet. I've never
been much of a "tree-hugger", but as I get older I do realize we need to do more
for our planet, it's the only one we got. I'm all for solar energy and I'm actually
going to look into getting a few panels for myself.



---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page




06/19/2012 12:49pm
You're right about how long it could take to pay for itself, however, there are
other noticeable gains right up front, and that's reduced pollution, along with
the satisfaction that you know you're doing something right. It will also
reduce our dependence on foreign energy sources...almost priceless if you
ask me. It would also create jobs as somebody has to install the panels,
maintain them, as well as recycle them.

Here's a great article about solar energy...which basically states we are
under-estimating solar energy:
http://www.guardian.co.uk/environment/2011/jun/03/solar-energy-greg-bar
ker. Good post though, very informative.

---------------------------------------------------------
Eddie Jackson
GOK - Philosophy Major/Liberal Studies
http://eddiejackson.net university page

				
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