What is Peak Oil and what are the implications for the main transport Essay

What is Peak Oil and what are the implications for the main transport modes (cars; trucks; trains; ships; aircraft) - Essay Example The notion of peak oil is founded on the Hubbert peak theory. This being the case, peak oil can loosely be taken to mean the point in time at which petroleum extraction has reached its maximum rate and production will henceforth decline terminally (Brandt 2007, p. 3078). Different models have been applied in an attempt to forecast the future production of oil and the time at which the production of oil will reach its peak. Hubberts’ prediction of future oil supply and production was arrived at by plotting annual production divided by cumulative production for the specific year against cumulative production (Watts 2011). While the Hubbert forecast model relies on a single production cycle per country to predict the future of oil production, the model used by the University of Kuwait is multicyclic in nature (Arvizu 2010). Some of the factors that are considered in the multi-cyclic models include: government regulations, technology advances, political events, and economic conditions (Arvizu 2010). In estimating the global production of oil, researchers that were affiliated to the Kuwait University analysed the production cycles of 47 oil producing nations (Anderson & Conder 2011, p. 1582). The models produced from the data drawn from these anal yses were then combined to estimate global production as noted by Nashawi, Malallah and Al-Bisharah (2010, 1794, p. 1792). The model applied by the Energy Information Administration (EIA) to predict the future production of oil, however, is not based on the Hubbert model. The EIA model relies on reserves to production (R/P) ratios to predict future production levels (Garza 2011). Figure 1 presents oil production estimates based on R/P ratios. Some experts have estimated that 2020 is the year to look out for as it will mark the beginning of the decline in oil production. Other experts have, however, given more pessimistic predictions with some noting that peak production of

Analytical Report Essay Example | Topics and Well Written Essays - 2750 words - 1

Analytical Report - Essay Example All in all, there are 67 million players each month (Tassi para 1). Given its continuously growing customer base, the company should take into consideration a more direct method of communicating with its customers, in addition to its existing online community forum and e-mail support. There are two options for the company, namely: online live chat or phone call. To prevent customers from going to other online gaming sites, there are two methods for Riot to choose that will make the customer service better. The first one is to set up an online live chat for customers that need help from Riot support. The second option is providing customers a number that they could call whenever they have complaints, problems, or issues that require immediate attention. The company must choose an option that is both inexpensive and efficient. The purpose of this report is to comprehensively analyze these two options and then decide which option is better for Riot Games. The first section discusses the need for customer service expansion; the second part analyzes the weaknesses and strengths of Riot Games; the third section enumerates the pros and cons of live chat and phone call support; and the last part determines the better option. Every game company needs customer service personnel to assist players with issues, yet online games require a bigger customer service staff. In offline games, players usually require support or assistance with technical problems; for issues regarding gameplay, players can look for hints online or purchase strategy manuals (Preston 5). However, in a live, online setting, these customers want to obtain assistance directly and instantaneously, and they require assistance for a much wider array of problems than they do in an offline setting (Knapp 16). Riot Games would therefore add value to their customer service by adding another option, either live chat or phone call support. Online gaming companies are usually at the bottom in