Alternative energy resources that could help mitigate the impact of dwindling petroleum supplies include solar, wind, and hydropower. These renewable energy sources are sustainable and can help reduce dependency on finite fossil fuels. Additionally, advancements in battery technology and electric vehicles can also contribute to reducing reliance on petroleum for transportation.
If you are referring to the company in the Harvard Business Review case study, Midland Energy Resources never existed. Though inspired by real events, the case did not represent a specific situation at an existing company.
Petroleum provides about 35% of the world's total energy consumption.
Petroleum contains chemical energy that is released when it is burned to produce heat and power. This energy comes from the carbon and hydrogen molecules present in petroleum.
Potential energy is obtained from petroleum as a stored energy source. When petroleum is burned, the chemical potential energy stored within it is converted into heat energy that can be used to generate electricity or power vehicles.
The energy from the petroleum is only accessable when the fuel is burnt, if the petroleum itself doesn't undergo burning the energy isn't released. So the energy is called 'stored' or 'potential' energy.
Oil shale and tar sands
Solar and wind renewable energy, of course. Oil shale and tar sands
Renewable energy (solar, wind, water, hydro, tidal and wave, geothermal, ocean thermal, biomass, biofuel and hydrogen).
As petroleum supplies dwindle, renewable energy resources such as solar, wind, and hydroelectric power are poised to take their place. Additionally, advancements in battery technology and energy storage systems will support the transition to electric vehicles and reduce reliance on fossil fuels. Biofuels and hydrogen fuel cells also present viable alternatives, potentially offering sustainable energy solutions for various sectors. Emphasizing energy efficiency and innovation in technology will further facilitate this transition.
Possible replacements for petroleum supplies include renewable energy resources such as solar, wind, and hydroelectric power, which harness natural processes to generate electricity without depleting finite resources. Additionally, biofuels derived from organic materials and synthetic fuels produced from renewable sources can serve as alternatives for transportation. Hydrogen fuel cells also present a promising option, providing clean energy through chemical reactions. Together, these resources can help transition away from reliance on petroleum.
There are lots of potential energy sources; some of them include solar energy, wind energy, nuclear energy, and many others more.
Solar energy is stored in coal and petroleum.
Solar energy, geothermal energy, wind, petroleum, coal, uranium (nuclear fuel).
I. Y. Borg has written: 'Present and future nuclear power generation as a reflection of individual countries' resources and objectives' -- subject(s): Nuclear industry, Forecasting, Case studies, Government policy 'Current developments affecting future availability of oil and gas in the free world' -- subject(s): Petroleum, Natural gas 'New factors influencing the development of free-world oil resources' -- subject(s): Petroleum reserves, Petroleum products, Prices, Power resources, Valuation, Petroleum conservation, Oil fields 'One view of the world's petroleum supplies' -- subject(s): Petroleum industry and trade 'California energy flow in 1976' -- subject(s): Energy consumption
Coal, Petroleum, Sun, Wind, Nuclear power, Geothermal power, Natural Gas, and Biomass are all energy resources.
yes
petroleum (including oil and natural gas), uranium, coal