Essay effect gas prices will have on the economy

The magnitude of effect varies from case to case, say for climate change and destruction of the environment. Increasing gas prices affect the economies of industrial and developing countries.

Essay effect gas prices will have on the economy

In contrast to the Moon, Mars is rich in carbon, nitrogen, hydrogen and oxygen, all in biologically readily accessible forms such as carbon dioxide gas, nitrogen gas, and water ice and permafrost. Carbon, nitrogen, and hydrogen are only present on the Moon in parts per million quantities, much like gold in seawater.

Oxygen is abundant on the Moon, but only in tightly bound oxides such as silicon dioxide SiO2ferrous oxide Fe2O3magnesium oxide MgOand aluminum oxide Al2O3which require very high energy processes to reduce.


Current knowledge indicates that if Mars were smooth and all its ice and permafrost melted into liquid water, the entire planet would be covered with an ocean over meters deep. This contrasts strongly with the Moon, which is so dry that if concrete were found there, Lunar colonists would mine it to get the water out.

The Moon is also deficient in about half the metals of interest to industrial society copper, for exampleas well as many other elements of interest such as sulfur and phosphorus. Mars has every required element in abundance.

Moreover, on Mars, as on Earth, hydrologic and volcanic processes have occurred that are likely to have consolidated various elements into local concentrations of high-grade mineral ore. Indeed, the geologic history of Mars has been compared to that of Africa, with very optimistic inferences as to its mineral wealth implied as a corollary.

In contrast, the Moon has had virtually no history of water or volcanic action, with the result that it is basically composed of trash rocks with very little differentiation into ores that represent useful concentrations of anything interesting.

But if you wish to manufacture solar panels, so as to create a self-expanding power base, Mars holds an enormous advantage, as only Mars possesses the large supplies of carbon and hydrogen needed to produce the pure silicon required for producing photovoltaic panels and other electronics. In addition, Mars has the potential for wind-generated power while the Moon clearly does Essay effect gas prices will have on the economy.

But both solar and wind offer relatively modest power potential — tens or at most hundreds of kilowatts here or there.

How Gas Prices Affect The Economy

To create a vibrant civilization you need a richer power base, and this Mars has both in the short and medium term in the form of its geothermal power resources, which offer potential for large numbers of locally created electricity generating stations in the 10 MW 10, kilowatt class.

In the long-term, Mars will enjoy a power-rich economy based upon exploitation of its large domestic resources of deuterium fuel for fusion reactors. Deuterium is five times more common on Mars than it is on Earth, and tens of thousands of times more common on Mars than on the Moon.

But the biggest problem with the Moon, as with all other airless planetary bodies and proposed artificial free-space colonies, is that sunlight is not available in a form useful for growing crops.

A single acre of plants on Earth requires four megawatts of sunlight power, a square kilometer needs 1, MW. The entire world put together does not produce enough electrical power to illuminate the farms of the state of Rhode Island, that agricultural giant. Growing crops with electrically generated light is just economically hopeless.


But on Mars there is an atmosphere thick enough to protect crops grown on the surface from solar flare. Therefore, thin-walled inflatable plastic greenhouses protected by unpressurized UV-resistant hard-plastic shield domes can be used to rapidly create cropland on the surface. Even without the problems of solar flares and month-long diurnal cycle, such simple greenhouses would be impractical on the Moon as they would create unbearably high temperatures.

On Mars, in contrast, the strong greenhouse effect created by such domes would be precisely what is necessary to produce a temperate climate inside.

Such domes up to 50 meters in diameter are light enough to be transported from Earth initially, and later on they can be manufactured on Mars out of indigenous materials. Because all the resources to make plastics exist on Mars, networks of such to meter domes couldbe rapidly manufactured and deployed, opening up large areas of the surface to both shirtsleeve human habitation and agriculture.

Once that has been accomplished, the habitation domes could be virtually any size, as they would not have to sustain a pressure differential between their interior and exterior. In fact, once that has been done, it will be possible to raise specially bred crops outside the domes.

The point to be made is that unlike colonists on any known extraterrestrial body, Martian colonists will be able to live on the surface, not in tunnels, and move about freely and grow crops in the light of day.

Mars is a place where humans can live and multiply to large numbers, supporting themselves with products of every description made out of indigenous materials. Mars is thus a place where an actual civilization, not just a mining or scientific outpost, can be developed.

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And significantly for interplanetary commerce, Mars and Earth are the only two locations in the solar system where humans will be able to grow crops for export. Interplanetary Commerce Mars is the best target for colonization in the solar system because it has by far the greatest potential for self-sufficiency.

Nevertheless, even with optimistic extrapolation of robotic manufacturing techniques, Mars will not have the division of labor required to make it fully self-sufficient until its population numbers in the millions. Thus, for decades and perhaps longer, it will be necessary, and forever desirable, for Mars to be able to import specialized manufactured goods from Earth.

This Is Why Higher Gas Prices Could Harm the Economy in

These goods can be fairly limited in mass, as only small portions by weight of even very high-tech goods are actually complex. Nevertheless, these smaller sophisticated items will have to be paid for, and the high costs of Earth-launch and interplanetary transport will greatly increase their price.

What can Mars possibly export back to Earth in return? It is this question that has caused many to incorrectly deem Mars colonization intractable, or at least inferior in prospect to the Moon.

Essay effect gas prices will have on the economy

For example, much has been made of the fact that the Moon has indigenous supplies of helium-3, an isotope not found on Earth and which could be of considerable value as a fuel for second generation thermonuclear fusion reactors.Jan 06,  · Higher gas prices will have a major inflationary effect on the economy as American and Canadian consumer spending could suffer in Author: Alessandro Bruno BA, MA.

I am 35 years old—the oldest millennial, the first millennial—and for a decade now, I’ve been waiting for adulthood to kick in. My rent consumes nearly half my income, I haven’t had a steady job since Pluto was a planet and my savings are dwindling faster than the ice caps the baby boomers melted.

Recently I came upon an article that stated Speedway was ranked the number one gas brand for the fifth quarter in a row. It is a part of a multi-brand survey put out .

From Ad Astra July/August Mars Is The New World. Among extraterrestrial bodies in our solar system, Mars is singular in that it possesses all the raw materials required to support not only life, but a new branch of human civilization. The average fuel economy of new vehicles sold in December was mpg.

when gas prices go up it, people have only a limited ability to significantly change how much gasoline they consume. Paul Kingsnorth is a writer and poet living in Cumbria, England.

Essay effect gas prices will have on the economy

He is the author of several books, including the poetry collection Kidland and his fictional debut The Wake, winner of the Gordon Burn Prize and the Bookseller Book of the Year Award. Kingsnorth is the cofounder and director of the Dark Mountain Project, a network of writers, artists, and thinkers.

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