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This article shows the real-life application to the new ideas we've been discussing in terms of the Republic of Cyprus. "Cyprus has so far been an energy island -an isolated energy system- and has till recently been almost totally dependent on imports of oil which burden the current account balance. A bright horizon of peace, cooperation and economic growth will then open up for the area of the Eastern Mediterranean, to the benefit not only of the countries and peoples of the area but also of our wider European family." I have included the conclusion to the article as well, which wraps up this sustainability-conscious article."In shaping the world of today and tomorrow through their decisions on energy issues, visionary leaders will aim at improving the prospects of both the current and future generations in terms of economic and social development and of sustainability, and certainly in terms of establishing and strengthening peaceful and hence productive international relations."

This article describes the vast amounts of subsidies that are available to companies providing renewable energy sources in the United States. The government decided to provide subsidies for these projects because it felt that they were necessary for the environmental health of the country, however some people believe that the government provided too much unnecessary money in this situation.

This is an article from the NY times on alternative energy, and the possibility that infact renewable energies also contain the theory of economies of scale, in large quantities.

This article outlines how dependent energy sources are on water. The wants and needs for water resources are increasing worldwide, and this could become a problem to power plants, hydroelectric facilities, and other major sources of global water supply.

Aha! Scarcity of water supply, and it's a need. It is really important for us, human beings to know the importance of preserving the environment!

This article highlights the redesign of solar manufacturing so that it is cost-efficient for the company, as well as energy-efficient for the consumers. The lower-cost manufacturing is simpler by a decision to minimize some production costs by combining the design into a "single silicon wafer processing line." Clearly, it's a variable cost, and a positive change for the firm.

This article shows an importance of price control on goods. Because of the high diesel and gas prices, people's life are being affected, in a negative way. First of all, people who own cars will fell the financial pinch, because now they spend a lot more on diesel. And lives will not keep running, in some contexts, without cars. And diesel is a fuel for heating too. Canada's winter is freezing cold, without heating, life will be miserable. To ensure people's welfare is protected, a price ceiling for diesel, in this case $1.44 cents per litre.

This article discusses the increase in inflation that is occurring in the Eurozone, even though the economic conditions are weak. The article cites high energy and transport costs as one of the reasons inflation increased. This inflation affects consumers because they must pay higher prices to buy items that they require.

China has been, is, and will continue to be a coal-powered economy. In 2007 Chinese coal production contained more energy than total Middle Eastern oil production. The rapid growth of coal demand after 2001 created supply strains and bottlenecks that raise questions about sustainability.

This article talks about how supply-side policies are implemented and how it affects the price of gasoline. This is mainly because of the global crude oil prices decreasing. On top of that, there is an increase in supply from the Middle East supplemented by a decrease in demand. "If there are any problems on the supply side, as in Iran, Libya or Nigeria, then prices will be right back up," said Michael C. Lynch, president of Strategic Energy and Economic Research.

This article talks about how putting taxes for fossil fuels may help to reduce the the consumption of fossil fuels. This is necessary because fossil fuels are become very scarce and we are running out of them as they are a non-renewable energy source. However, not everyone wants the tax to go up as this would mean increased spending when they cannot afford to do this. Many energy companies will be able to push this increase of tax onto the consumer as it is an inelastic product and the demand will not decrease much if the price is increased.

The United States hit Chinese solar companies with punitive import tariffs of 30 percent or more, ruling they had dumped cut-price solar panels into the U.S. market. Several of the Chinese companies and a solar trade group opposed to the tariffs denounced the duties, and said they would drive up costs for the clean energy source, stunting its fast growth.

This article talks about India and its current account deficit. Import substitution is a good way to reduce current account deficit by reducing the import expenditure.

This article talks about how the cost of heating homes are impacting the people of Cardiff - how it has affected their budget and how suppliers are still continuing to raise prices. Therefore, price control needed to be implemented so the situation goes back to being under control. "People shouldn't have to choose between whether to eat or heat but many do."

Street lights are an example of a public good - one person using a street light will not prevent others from using it, and it is impossible to stop other people from using a street light once one person is able to use it. Because they are public goods, they are provided by the government, but in this case it is costing the government too much to leave the street lights on all night, so they are considering shutting them off for a portion of the night to save money.

Basically the government has been subsidizing essential items to help the public by using tax money. But they are also subsidizing Big Energy Producing Companies (IPP) who sell their electricity to TNB at a fixed rate which is very high. Why the government agreed to this is basically corruption meaning, they (the rich) can force the government (public money) to pay and pay. Now, the government is going broke so they want to charge the public by reducing the essential item's subsidies but they are NOT reducing the subsidies to the rich! The government says that there is an agreement and they cannot change it.

This article shows that the oil prices drops. This is hurting the demand for energy.With all the economic worries, yet the oil price is still dropping it is a concern for economic melt down. Because demand is the quantity of a good that consumers are willing and able to purchase at a given price in a given time period, Oil drops will increase the amount of people buying the oil and yet one day they will raise again.

This article focuses on the equilibrium in the oil market, or in this case a "fragile" equilibrium. Recently, Europe as well as other parts of the world, have been trying to find alternatives for using oil. For everything, other than transportation, there is an alternative to burning oil. So in places where the population is steady, and not rising dramatically...the demand for oil is going down, therefore shifting the demand curve and the equilibrium price. However there are still many countries in which the demand for oil is growing. I the oil industry, the equilibrium is constatly wavering...but so far, it has stayed in a range and hasn't strayed too far from that range yet.

The rationing function ( a specific aspect in price mechanism) Prices serve to ration scarce resources when demand in a market outstrips supply. When there is a shortage of a product, the price is bid up - leaving only those with sufficient willingness and ability to pay with the effective demand necessary to purchase the product. In this case this countries are finidng a suitable way to solve the issues regarding issues concerning gas...

This is 'bout the elasticity of oil. The price of oil is increasing. Will people now start to use trains/etc. more?

This shows that if oil was an elastic product then the prices for it wouldn't rise so much, but because it is a necessity, people are willing to pay more for it and they have to put up with the rise in prices.