2013년 1월 24일 목요일

Week 3 Current Event

 Power struggle: The North African gas industry targeted by militants
Link: http://edition.cnn.com/2013/01/23/business/algeria-energy-exports-struggle/index.html?hpt=ibu_c2
Summary: Algeria is a major exporter of natural gas which attracts international investment. It is in the middle of a regional power struggle across northern Africa. First of all, everybody knows the gas is scarcity. It is limited resources. However, 21.3 billions of gas was exported to Italy in 2011. Also 9.4 billions of gas was sold to Spain in 2011. The workers in there produces 870 million cubic feet of gas in a day. It is about 2.4% of the world's total output.
Related to studies: In our economic class, we learned about scarcity of resources and limited resources. Gas, oil, and fuel, these are all limited resources.
Opinion: I think we should find the substitution of gas and other limited resources. People need them, but the resources are limited. Soon, they might not get those resources. World really need to find the substitutions.

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