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energy economics

The Catch-22 of Energy Storage

August 25, 2014 by Barry Brook
61

Energy Storage Issues

Several recent analyses of the inputs to our energy systems indicate that, against expectations, energy storage cannot solve the problem of intermittency of wind or solar power. There is not enough surplus energy left over after construction of the generators and the storage system to power our present civilization.[read more]

Energy and the Economy: Twelve Basic Principles

August 16, 2014 by Gail Tverberg
6

Energy Economic Principles

There is a standard view of energy and the economy that can briefly be summarized as follows: Economic growth can continue forever; we will learn to use less energy supplies; energy prices will rise; and the world will adapt. My view of how energy and the economy fit together is very different.[read more]

Energy Production and Other Mining Account for a Large Percentage of Some State Economies

August 8, 2014 by U.S. EIA: Today in Energy

State Energy and State Economies

At the national level, establishments that extract crude oil and natural gas as well as naturally occurring mineral solids accounted for about 2% of the U.S. economy last year. In some states, though, the mining sector accounts for a much larger share of the economy.[read more]

Friday Energy Facts: Oil and Natural Gas Sales Accounted for 68% of Russia's Total Export Revenues in 2013

July 25, 2014 by U.S. EIA: Today in Energy

Russia Fuel Sales

Russia is a major exporter of crude oil, petroleum products, and natural gas. Sales of these kinds of fuels accounted for 68 percent of Russia's total export revenues in the year 2013, based on data from Russia's Federal Customs Service.[read more]

Statoil Chief: Energy Policy is Economic, Security, and Environmental Policy

May 15, 2014 by Jared Anderson
1

Statoil Chief and Energy Policy

Energy issues are more complex and interconnected than ever before, and for this reason energy has become front and center in many debates unfolding on national and international stages. Energy policy involves economic, security, and environmental facets.[read more]

Why a Climate Treaty or Carbon Tax Is Unlikely

April 22, 2014 by Steven Cohen
11

Treaties and Taxes and Likelihood

For a long time colleagues have argued that we must limit greenhouse gas emissions via a binding international treaty. Often the same colleagues will say that we need to limit emissions by pricing carbon to discourage its use. As economists say: all things held equal; that solution should work.[read more]

Our Oil Problems are Not Over!

October 4, 2013 by Gail Tverberg
8

Oil Pricing Problems

If a person reads US newspapers, it is easy to get the impression that all of the world’s oil problems are over. But this is not really the case, as a major piece of the world’s oil problem is high price. Prices continue to be far above historic levels.[read more]

Fracking May Provide Most of US Energy Despite Environmental Concerns [INFOGRAPHIC]

October 4, 2013 by Mia Shaw
3

Fracking and US Energy

If fracking continues, it will provide over half the energy supply of the U.S. in 2 years. Proponents of farcking also argue that natural gas could replace coal and oil as the major energy source worldwide, subsequently reducing CO2 emissions by more than 50 percent.[read more]

Beware Energy Efficiency Overpromises

August 5, 2013 by Jesse Jenkins
7

Over the past decade, energy efficiency has come to be seen as a fast, cheap and even profitable way to reduce greenhouse gas emissions. But behind the scenes a growing number of economists and energy analysts are challenging these assumptions.[read more]

Energy Policy and Liquified Natural Gas: To Export or Not to Export?

May 14, 2013 by Jim Pierobon
4

LNG tanker

President Obama is preparing to decide how much liquified natural gas (LNG) from the the U.S. boom in shale natural gas production it makes sense to export. Economically and geopolitically a lot hangs in the balance.[read more]

Market designs for Tres Amigas: How about trilateral market coupling?

October 21, 2009 by Michael Giberson

More thoughts on economic issues related to the Tres Amigas project, an ambitious proposal to connect the Western, Eastern, and Texas electric grids via a three-way high tech transmission link located in eastern New Mexico. (Earlier: Tres Amigas intro and Economics for …). Europeans have had several years of experience connecting...[read more]

The future of natural gas prices: a view from October 2009

October 7, 2009 by Michael Giberson

A short Associated Press item from last week provides a perfect illustration of the near-meaninglessness of the daily post-market story interpreting price moments. Natural gas prices tumbled yesterday after the government reported the United States is using so little that it has more in storage now than at any other time on record. The...[read more]

The Rebound Effect and the Backfire Hypothesis

September 18, 2009 by Charles Barton
3

Energy writers who are in the green camp, continue to tout their belief in energy efficiency as a major tool in the effort to mitigate global warming. Nuclear critics like Amory Lovins have argued that efficiency produced "negawatts" make nuclear generated megawatts unneeded. Critics of the negawatts approach have noted that economists...[read more]

Overproducing US Oil?

September 17, 2009 by Geoffrey Styles
2

Tuesday morning I dialed into an API media teleconference concerning the administration's latest proposals on energy taxation and access. During the call API's President, Jack Gerard, mentioned the recent Congressional testimony of a Treasury Dept. official who suggested that current policies were promoting "overproduction of US oil and...[read more]

Brazil Flexing Its Muscles

September 16, 2009 by Robert Rapier

A couple of years ago I was thinking about the possible fates of various nations in a world in which depleting oil reserves begin to have a very strong impact on oil prices. I had visions of $100+ oil and eventually $5-10 gasoline, which would place a crushing burden on the U.S. economy.Of course higher prices will motivate people to...[read more]