
A common sense approach to understanding kinetic energy:
A more generalized way to understand kinetic energy:

Ultimately, we can describe the change in position of an object as a force applied to it by a change in energy or by the amount of work done that is required to move the object. Remember, energy is the capacity to do work. These relations are summarized in the figure below:
Energy can be defined as Force x distance. So the total work needed to move the block as distance DX, is given by FDX and that is equal to the change in energy of the system (which is equal to the difference between the initial and final velocities).
If you recall lab 2 (and you will encounter this later as well), you already know that the displacement goes as 1/2at2 and that velocity goes as a * t. So you can get the 1D kinematic equation above as follows:
v = a * t
v2 = (at)2 = a(at2)
From before, (at2) =2*d (displacement) and therefore,
v2 = a(2*d) = 2ad
for simplicity we take g to be
10 m/sec2. Therefore, if you had a 10 kg object at a height
of 10 meters above the earth's surface, its potential energy would
be 10 x 10 x 10 = 1000 joules.

The law of the conservation of energy
means that energy can neither be created or destroyed, only transformed from one form to another.
and a 1000 ton meteorite is very small on the scale of objects that
do hit the earth.