Answer:
The cost per kWh at $43 per barrel of oil is $0.02706
Explanation:
The parameters given are;
Heat generated per barrel = 5.8 × 10⁶ Btu
1 Btu = 0.000293071 kWh
5.8 × 10⁶ Btu = 1699.81 kWh
Therefore whereby the cost per barrel of oil = X
Then we have;
X = 1699.81 kWh
∴ 1 kWh costs X/1699.81
Where the current price of crude is $43.0
We have, cost per kWh = 43/1699.81 = $0.02706
The cost per kWh at $43 per barrel of oil = $0.02706.
