Energy Crisis Interrelated to Global Warming. Photovoltaic Cell †A Pos

Energy Crisis Interrelated to Global Warming. Photovoltaic Cell – A Possible Solution Abstract- The world’s energy crisis has worsened in recent years, as oil prices dramatically increased due to the limited amount of available oil. Global warming is considered as a byproduct of energy crisis, because as oil continues to burn in the refining process, CO2 is constantly emitted to the atmosphere at a fast rate and in heavy concentrations, which in turn, worsens the global warming situation. Photovoltaic cell technology converts sunlight into direct current electricity. This source can be a possible solution to solve the energy crisis as well as the global warming issue. Introduction- Energy crisis has remained a top concern in the world today. Fossil fuels, the most widely used energy source in the U.S. and in the world, is rapidly being depleted due to the fast consumption rate. Since we are highly depended on oil for transportation, cooking, and communication in our daily lives, the oil storage is starting to run out and eventually it will be all gone. Petroleum oil is always considered as a cheap energy source; however, the price of oil per barrel and per gallon has gone up significantly worldwide. The price of oil has already passed $60 per barrel, due to the energy crisis and oil shortages (Crude Oil Futures Prices – NYMEX, 2005). The increased oil prices and the limited energy resources will have a great impact to the global economy where stock prices fall, unemployment rates increase, economic recession and inflation can occur. Burning fossil fuels are not only causing the existing energy crisis in the world but are leading to global warming as well. Due to the excessive burning of fossil fuels, the ... .... Website: http://www.cintelliq.com/res_photo.htm Renewable Energy (2005) The Wikipedia Free Encyclopedia. Retrieved July 23,2005. Website: http://en.wikipedia.org/wiki/Renewable_energy Turner, John A. (1999) A Realizable Renewable Energy Future. Retrieved July 21, 2005, from Energy Viewpoint. Website: http://www.sciencemag.org/cgi/reprint/285/5428/687.pdf 14 The Coming World Energy Crisis. (2005) Retrieved July 21, 2005 from Planet for life. Website: http://planetforlife.com/ William, James L. Alhajji, A. F. PhD. (2003). The Coming Energy Crisis? Retrieved July 21, 2005, from Energy Economics Newsletter. Website: http://www.wtrg.com/EnergyCrisis/ Zittel, Werner. Schindler, JÃ ¶rg (2003) Future world oil supply. Retrieved July 21, 2005, from University Salzburg. Website: http://www.energiekrise.de/e/articles/International-Summer-School-Salzburg- 2002.pdf