 | Nersesian R.L. Energy economics: markets, history and policy. - London; New York: Routledge/Taylor & Francis, 2016. - xxi, 628 p.: ill., tab. - Bibliogr. at the end of the chapters. - Ind.: p.608-628.
- ISBN 978-1-138-85837-4 Шифр: (И/У5-N43) 02
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List of Figures .............................................. xiii
List of Tables ............................................... xvii
List of Online Material ....................................... xix
Preface ..................................................... xxiii
1 Energy Economics and Policy .................................. 1
What Is Energy? .............................................. 1
Energy and Economics 2 Energy and the Environment ............ 3
Air Pollution ................................................ 4
Energy and Policy ............................................ 5
Measuring Energy ............................................. 7
The Problem Is the Size of the Problem ....................... 8
Forecasting Energy Demand ................................... 14
Short Cut for Projecting Energy Demand ...................... 17
A Model to Project Total Energy Demand ...................... 26
Problems and Projects ....................................... 27
Notes ....................................................... 29
2 Electricity and Utility Industry ............................ 32
Electricity Is Derived Energy ............................... 33
System Operation ............................................ 34
Methods of Rate Regulation .................................. 37
Operating Models in an Era of Deregulation/Liberalization ... 42
Smart Meters/Smart Grids .................................... 49
Utility Pools ............................................... 51
It Takes Energy to Make Energy .............................. 54
Projects and Problems ....................................... 57
Notes ....................................................... 70
3 Biomass
Yesterday's Fuel ............................................ 72
Today's Fuel ................................................ 73
Around the World with Biomass ............................... 74
Biomass for Electricity Generation .......................... 76
Not All Favor Biomass for Electricity ....................... 77
Biomass Fuels for Electricity Generation .................... 78
Biogas ...................................................... 84
Disposal of Biowaste ........................................ 86
Tapping Biomass for Electricity Generation .................. 88
Biofuels .................................................... 89
History of Ethanol as a Motor Vehicle Fuel .................. 93
Brazil - The Great Leap Forward for Biofuels ................ 95
The US - The Great Leap Forward for Corn Growers ........... 102
The Great Sugar-Com Debate ................................. 103
Other Developments in the World of Ethanol ................. 112
Cellulosic Ethanol ......................................... 114
Biodiesel .................................................. 116
Palm Oil as a Biodiesel Feedstock .......................... 119
Other Biodiesel Feedstocks ................................. 123
Biodiesel Development ...................................... 131
Biodiesel Prospects ........................................ 134
Biofuel Risks .............................................. 135
Projects and Problems ...................................... 138
Notes ...................................................... 144
4 Coal ....................................................... 150
Types of Coal .............................................. 154
Coal Mining ................................................ 156
Coal in the Twenty-First Century ........................... 159
Coal Reserves .............................................. 161
Coal Prices ................................................ 163
Case against Coal .......................................... 164
Clean Coal Technologies .................................... 165
Coal Gasification .......................................... 166
Carbon Capture ............................................. 168
Ash Disposal ............................................... 170
Eliminating Coal Not So Easy ............................... 170
Problems and Project ....................................... 172
Notes ...................................................... 176
5 The Story of Big Oil ....................................... 179
History of Oil ............................................. 180
Early Attempts at Oil Price Controls ....................... 180
Enter Saudi Arabia and Kuwait .............................. 182
Exit the Key Players ....................................... 182
Development of Saudi Arabia's Oil Fields ................... 184
Shoes Begin to Fall ........................................ 185
Birth of OPEC .............................................. 187
1973 Oil Crisis ............................................ 189
First Occasion for High Oil Prices ......................... 194
Era of Moderate Oil Prices ................................. 200
Second Occasion for High Oil Prices ........................ 201
Geopolitical Risks ......................................... 214
Oil and Diplomacy .......................................... 217
Oil and EnvironmentaHsts ................................... 218
Role of Oil Companies after the Oil Crisis ................. 220
A Changing World ........................................... 222
Future Role of Oil Companies ............................... 224
Projects and Problems ...................................... 226
Notes ...................................................... 232
6 Oil ........................................................ 235
Oil Reserves ............................................... 235
Is Hubbert's Peak Oil Dead? ................................ 238
Oil Consumption and Production ............................. 244
Oil Trade Patterns ......................................... 247
Changing Nature of US Oil Imports and Middle East
Exports .................................................... 251
Oil Shale - Game Changer ................................... 253
Synthetic Crude ............................................ 257
Bitumen .................................................... 258
Shale Oil .................................................. 265
Challenge of Oil: The Automobile ........................... 266
Automobile Populadon ....................................... 268
Fuel Savings with Piggybacking ............................. 278
Internahzing an Externality ................................ 279
Problems and Project ....................................... 281
Notes ...................................................... 297
7 Natural Gas ................................................ 302
Background ................................................. 302
Road to Deregulation ....................................... 304
European Road to Liberalization ............................ 309
From Source to Consumer .................................... 311
Natural Gas as a Fuel ...................................... 314
Natural Gas in the US ...................................... 316
Natural Gas in Europe ...................................... 318
Facing the Geopohtical Risk of Natural Gas ................. 319
Natural Gas in Asia 3 ...................................... 324
Natural Gas in the Rest of the World ....................... 325
Transforming Natural Gas to Electricity .................... 326
Carbon Emissions of Natural Gas ............................ 328
Selection Procedure for Electricity Generating Plants ...... 329
Fracking ................................................... 333
Horizontal Drilling ........................................ 335
Case against Fracking ...................................... 338
LPG: Prelude to LNG ........................................ 341
Western Way of Conducting Business ......................... 343
Japanese Way of Organizing Business ........................ 344
Evolution of the International LPG Business ................ 345
International Natural Gas Pipeline Trade ................... 347
Natural Gas Reserves ....................................... 347
International Trade of Liquefied Natural Gas ............... 348
Historical Development of LNG .............................. 349
LNG Projects ............................................... 350
Commodization of LNG ....................................... 356
LNG Carriers ............................................... 358
LNG Pricing ................................................ 362
Outlook for LNG Projects ................................... 363
Natural Gas as a Transportation Fuel ....................... 364
LNG as a Ship's Fuel ....................................... 364
LNG/CNG as a Railroad Locomotive Fuel ...................... 366
LNG/CNG as a Truck Fuel .................................... 367
CNG as an Automobile Fuel .................................. 368
Transformational Technologies .............................. 369
Gas to Liquids (GTL) Technology ............................ 370
Sweetening Sour Gas ........................................ 371
Methane from Coal Beds ..................................... 372
Methane Hydrates ........................................... 373
Problems ................................................... 375
Notes ...................................................... 380
8 Nuclear and Hydropower ..................................... 388
Promise of Nuclear Power ................................... 388
Contribution of Nuclear Power to Satis^ing Energy .......... 389
Subsidizing Nuclear Power Plants ........................... 393
Comparing Nuclear with Coal ................................ 395
Uranium .................................................... 396
Weapons Proliferation ...................................... 398
Disposal of Spent Fuel ..................................... 399
Commercial Reactors ........................................ 401
Fast Neutron and Fast Breeder Reactor ...................... 402
European Pressurized (Evolutionary Power) Reactor .......... 403
Pebble Bed Reactor ......................................... 404
Other Advanced Reactor Designs ............................. 407
Fusion Power ............................................... 410
Hydropower ................................................. 412
History .................................................... 412
Birth of the Environmental Movement ........................ 415
Hydropower: Today and Tomorrow ............................. 415
Major Dams ................................................. 418
Dams Affect International Relations ........................ 421
Turkey versus Iraq ......................................... 421
Egypt versus Nile River Riparian Nations ................... 422
Indus River ................................................ 423
Hydropower for Peace ....................................... 424
Problems and Project ....................................... 425
Notes ...................................................... 429
9 Solar and Wind Power and Their Storage ..................... 436
Solar Power ................................................ 436
PV Solar Energy ............................................ 437
Supports for Solar Power ................................... 445
Economics of Solar Power ................................... 449
Wind Power ................................................. 452
From Tiny Acorns to Mighty Oaks ............................ 452
Small Can Be Beautiful ..................................... 464
Objections to Wind Power ................................... 465
Evaluating a Potential Site ................................ 467
Financial Incentives ....................................... 467
Source of Employment ....................................... 468
Electricity Storage ........................................ 469
Non-Flow or Sohd State Batteries ........................... 470
Flow Batteries ............................................. 473
Gravity Batteries .......................................... 475
Compressed Air Energy Storage .............................. 476
Flywheels .................................................. 477
Hydrogen ................................................... 477
Problems and Projects ...................................... 480
Notes ...................................................... 485
10 Hydrogen Economy, Geothermal and Ocean Power, and Climate
Change ..................................................... 495
Hydrogen Economy ........................................... 495
Hydrogen as a Motor Vehicle Fuel ........................... 496
Hydrogen Economy Tomorrow .................................. 498
Geothermal Power ........................................... 500
Geothermal Power for Heating ............................... 500
Geothermal Power for Electricity ........................... 501
Enhanced Geothermal System (EOS) ........................... 504
Climate Change ............................................. 506
Climate Dating ............................................. 507
How Long Has Man Been influencing Climate? ................. 509
Carbon Dioxide and Temperature over Geologic Time .......... 510
Chmate Changes during Recorded History ..................... 512
Whither Thou Goest Chmate? ................................. 516
Problems and Projects ...................................... 531
Notes ...................................................... 534
11 Environment and Energy Sustainability ...................... 542
Environment ................................................ 543
Cap-and-Trade Emissions Trading ............................ 545
Montreal Protocol .......................................... 547
Kyoto Protocol ............................................. 548
Efficiency and Conservation ................................ 556
Sustainable Energy ......................................... 557
Native American View of Sustainability ..................... 557
Founding Fathers View on Financial Sustainability .......... 558
Easter Island .............................................. 558
We Need to Identify the Relevant Goal ...................... 562
Population ................................................. 563
Towards an Energy Sustainable Society ...................... 566
Biofuels ................................................... 566
Coal ....................................................... 568
Oil ........................................................ 569
Natural Gas ................................................ 573
Nuclear Power .............................................. 574
Hydro Power ................................................ 575
Solar Power ................................................ 576
Wind Power ................................................. 578
Geothermal Power ........................................... 584
Tidal and Wave Power ....................................... 584
Efficiency and Conservation ................................ 584
Utility Adaptation ......................................... 585
Summary of Disruptive Challenges Facing the Utility
Industry ................................................... 591
Technology Developments .................................... 593
Taxing Carbon .............................................. 594
The Essential Problem Is the Magnitude of the Problem ...... 596
There Is Always an Alternative ............................. 596
Problems ................................................... 598
Notes ...................................................... 600
Index ......................................................... 608
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