Renewable energy is generally defined as energy that comes from resources which are naturally replenished on a human timescale such as sunlight,wind, rain, tides, waves and geothermal heat. Renewable energy replaces conventional fuels in four distinct areas:electricity generation, hot water/space heating, motor fuels, and rural (off-grid)energy services. Direct geothermal for heating is also growing rapidly. Wind power is growing 30 % annually in the world. Based on REN21’s 2014 report, renewables contributed 19 percent to our energy consumption and 22 percent to our electricity generation in 2012 and 2013, respectively. Some countries get most of their power from renewables, including Iceland (100%), Norway (98%), Brazil (86%), Austria (62%), New Zealand (65%), and Sweden (54%). Both, modern renewables, such as hydro, wind, solar and biofuels, as well as traditional biomass, contributed in about equal parts to the global energy supply. Worldwide investments in renewable technologies amounted to more than US$ 214 billion in 2013, with countries like China and the United States heavily investing in wind, hydro, solar and biofuels. Renewablebiofuels have contributed to a significant decline in oil consumption in the United States since 2006. The 93 billion liters of biofuels produced worldwide in 2009 displaced the equivalent of an estimated 68 billion liters of gasoline, equal to about 5% of world gasoline production. Renewable energy resources exist over wide geographical areas, in contrast to other energy sources, which are concentrated in a limited number of countries. Rapid deployment of renewable energy and energy efficiency is resulting in significant energy security, climate change mitigation, and economic benefits. In international public opinion surveys there is strong support for promoting renewable sources such as solar power and wind power. At the national level, at least 30 nations around the world already have renewable energy contributing more than 20 percent of energy supply. National renewable energy markets are projected to continue to grow strongly in the coming decade and beyond.While many renewable energy projects are large-scale, renewable technologies are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. United Nations’ Secretary-General Ban Ki-moon has said that renewable energy has the ability to lift the poorest nations to new levels of prosperity.
Some oil and gas exporting countries , especially in this scientifically and technologically progressing world, should make economic and structural reforms if they are to continue with a healthy and prosperous economy.
Hope that necessary steps of gradual reforms can be taken in these countries that can diminish reliance on Petroleum to generate income and make economic prosperity. It is better for some countries that spend on subsidies much to reduce subsidies step by step and spend instead more on education and research and development to stimulate sustainable development. These countries should also invest in infrastructure to improve industry , agriculture, services and commerce. They ought to reform their educational systems .To diversify and boost their economies , reseach and development ought to be more spent on and given more attention . For sure , they should watch out and suprvise how funds are used and how projects are implemented to get the best return out of them .All countries have certain potential capabilities whether used or not yet to further develop and evolve.
Because of the continuous development in technology used in both extracting oil and generating energy from renewable resources, prices of oil are dropping. In USA , for example , due to scientific , technological and technical improvement , the production of shale oil and gas has increased a lot per day from 4 million barrels per day in 2005 to 8.7 million barrels per day in 2014. Figures of shale oil production can be further developed and raised. Consumption of oil in US has fallen since that time due to electricity that can be more cheaply generated from shale gas that can be increasingly extracted, produced and reserved. Moreover, energy is being increasingly more produced from renewable resources like hydroelectric, wind, geothermal and solar energy in the US and the whole world which might push prices of oil down in the future. Cost of production from renewable green resources of energy is being lowered year after year according to Wikipedia. Countries like USA, China and Germany are undergoing termendous development in terms of technology of renewable alternative energy. Moreover, 214 billion $ have been spent on research and development of green renewable energy resources in the world in 2013. In 2012 and 2013 , an estimated 19 % of energy consumed worldwide has come from renewable resources according to some sources from Wikipedia and are projected to steadily take off and multiply in the future. Hope that all countries in the world would benefit from such green technologies and other forms of technology.
Falling prices of oil in the 1980s was one primary reason why the Soviet Union has collapsed in the end of the 20th century.
However, lowering the prices of oil maybe has also political reasons that some countries want other oil exporting Countries like Russia and Iran to change their political directions , but technology can make a great shift in the consumption and production factors of oil and gas. We are in an era where technology and science is developing faster than before… In the long run , we are going to have sustainable development, abundance of resources and greener economy improving our environment on earth partly due to alternative green energy which reduces a lot the use of oil just the way the discovery of vast resources of petroleum in the 20th century reduced consumption of coal a lot . Hope that the world would be more dependent on green energy resources giving sustainable development and clean environment in the coming years.
Lately, there has been many signs that Black Berry might be going to be revived, improved and strengthened ( it is possible but is it too late?). According to the latest news, the company has innovated a new mobile phone called “passport ” having the size of a passort and something like a smart phone. This newly manufactured phone is geared towards professionals and can help investors, doctors and managers of companies in their jobs and professions. Moreover, in the process of attracting more customers and thus making more revenues from selling greater amount of products and services, they are trying to offer better prices to existing and potential customers. For example, this “passport ” phone is 50 $ cheaper than recent versions of Apple smart phones. Probably , due to new innovations, creativity, workforce restructure and reduction in operational costs, Black Berry has reported less than expected quarterly loss on Friday September 26 , 2014 and its shares rose nearly 5 %. Nowadays, the company is focusing on growth in revenues, profits and useful investments. To illustrate, the company has increased the amount of its cash, cash equivalent short-term and long-term investments from $ 2.6 billion at the second quarter of 2014 to $ 3.2 Billion at the end of third quarter of 2014. In addition, the company is debt-free. Accordingly, it has acquired big patent portfolio such as encryptional technology (adopted by US government ) constituting an asset like Gold. In the latest years, Black Berry having some kind of partnership with the US government, was helped and saved by the US government which rules democratically a nation of very powerful economy and very high GDP.
Finally, the biggest and most important question remains unclear; is Black Berry going to become profitable and successful again? Hope that the answer would be yes and this company would improve and grow step by step and day after day.
The owner of Facebook Zuckerberg did a good job acquiring Whatsapp and Instagram. First of all , he newly got ownership of two leading companies in their fields, which will just add value to Facebook and contribute to its growth. He created wealth without spending much money but by printing its own currency of newly created shares as Facebook enjoys billion of dollars of revenues and billions of dollars of shares and market value. Facebook has created wealth and enlarged its values by producing its new own stocks alongside with little cash to buy Whatsapp and at the same time limiting ownership of these shares to its own employees. Though it acquired Whatsapp and Instagram but it left its management free and independent because Whatsapp and Instagram know how to follow market trends and new shifts in technology and applications used.
Whatsapp has 450 million customers and does add value to Facebook that has more than 1 billion users ( 550 million daily active users). As they said that Zuckerberg seems going with market trends and keeping up-to-date with respect to technological development and market. In comparison ,Google got benefits from acquiring many companies like Youtube ,Ita software, Motorolla and others that helped Google grow into one of the largest companies in the world. Will this acquisition make Facebook grow better and larger in terms of revenues and market value as Zuckerberg made his company prosperous and successful starting few years earlier ?