Chapter 1 Introduction to Energy Economics Part A

Slides:



Advertisements
Similar presentations
Brazil + Russia + India + China + South Africa. What are BRICS? BRICS is a term made by the economist Jim O´Neal when he made his thesis of future investment.
Advertisements

MEETING AMERICAS ENERGY NEEDS THE ROLES OF CONVENTIONAL AND ALTERNATIVE ENERGY RESOURCES.
Black Gold, White Gold Petrochemicals and Agribusiness in the 21 st century.
15-1 What is Net Energy and Why is it Important?  MAJOR Concept About three-quarters of the world’s commercial energy comes from nonrenewable fossil.
This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could.
Objectives - Nonrenewable  Describe nonrenewable energy consumption.  Describe the production of energy from oil and natural gas.  Describe nonrenewable.
Energy Resources Human Impact on the Environment.
1 Petroleum and Natural Gas Situation John C. Felmy Chief Economist and Director Statistics Department American Petroleum Institute
ENERGY: Fossil Fuels Primary and Secondary Energy Sources Oil Production, Economics, and Impacts Coal and Other Fossil Fuels Energy Conservation (use less.
INTERNATIONAL ENERGY AGENCY World Energy Outlook: Key Strategic Challenges Maria Argiri Economic Analysis Division.
International Energy Outlook 2010 With Projections to 2035.
Environmental Science: Toward a Sustainable Future Richard T. Wright Energy from Fossil Fuels PPT by Clark E. Adams Chapter 12.
Chapter 12 Energy from Fossil Fuels
BIOL 2041 Energy: Consumption and Sources Chapters 9 and 10.
Autumn Million Jen DePaoli
MEETING AMERICA’S ENERGY NEEDS THE ROLES OF CONVENTIONAL AND ALTERNATIVE ENERGY RESOURCES.
International Energy Markets Calvin Kent Ph.D. AAS Marshall University.
Demand and Supply.
Environmental Science: Toward a Sustainable Future Richard T. Wright
TRANSPORTATION CHALLENGES OF THE 21st CENTURY by Robert Q. Riley Ford hybrid-electric concept car.
Energy Turmoil Donald A. Norman Manufacturers Alliance/MAPI May 20, 2008 Steel Manufacturers Association Annual Members Conference May 19-21, 2008.
Institute for 21st Century Energy U.S. Chamber of Commerce Karen A. Harbert President and CEO Institute for 21st Century Energy U.S. Chamber of Commerce.
© OECD/IEA Mtoe Other renewables Hydro Nuclear Biomass Gas.
THE LONG-TERM ENERGY SUPPLY AND DEMAND OUTLOOK IN TAIWAN ENERGY COMMISSION MINISTRY OF ECONOMIC AFFAIRS AUGUST 2001 MOEA -15-
Factors Influencing the Automobile Industry. Factors that affect Automobile Industry  Anti pollution issues  Alternatives cars such as electric cars.
Energy. V. Energy Resources and Consumption (10-15%) Energy Concepts (Energy forms; power; units; conversions; Laws of Thermodynamics) Energy Consumption.
Energy Resources Most of energy we use today comes from fossil fuels (remains of past plants), which are nonrenewable resources. Since WWII, petroleum.
John C. Felmy Chief Economist and Director Policy Analysis and Statistics American Petroleum Institute June 1, 2002 North American Economic.
Energy Information Administration 25th Anniversary of the 1973 Oil Embargo 25th Anniversary of the 1973 Oil Embargo Energy Trends Since the First Major.
U.S. Energy Information Administration Independent Statistics & Analysis International Energy Outlook 2016 For Center for Strategic and International.
Chapter 4 An Enduring Energy Future. Cont. ｷ Central electric generating stations will continue to be part of the electricity supply system in order.
What challenges does North America face in being energy secure?
World Energy and Environmental Outlook to 2030
Current Power and Energy Landscape
China’s energy outlook
Petroleum sector in Turkey Petroleum Engineering 2017
Oil in Southwest Asia: How “Black Gold” Has Shaped a Region
The Economics of Energy, The Environment, and Global Climate Change
Research Homework. The last steam trains (burning coal) stopped being used on Britain’s general railway network. Nuclear energy first came online. North.
October 20, 2016 Agenda • Why are nations wealthy? (14)
WORLD ENERGY OUTLOOK 2002 Focus on European Union
Use other resources to generate electricity
International Energy Outlook:
World Energy Outlook 2008 Dr. Fatih Birol Chief Economist
OIL A Natural Resource.
The End of the Age of Oil Akito Matsumoto
The Role of Efficient Electrification in the Future Energy System
Petroleum Economics Istvan Csato Department of Geological Sciences
“An ounce of prevention is worth a pound of cure”
Key features of Key features of 2015 Growth in GDP and energy.
ENERGY: Fossil Fuels Primary and Secondary Energy Sources
Chapter 1 Introduction to Energy Economics Part B
Chapter 2 Energy, Markets, and Society Part A
Peter M. Schwarz Professor of Economics and
Resource Issues Chapter 14 An Introduction to Human Geography
Major Natural Resources
Projected W Projected W orld Energy Supplies orld Energy Supplies
Chapter 14: Resource Issues
DeVELOPMENT KEY ISSUE 3.
APEC Energy Demand and Supply Outlook 6th Edition 2-1 Introduction and Business as Usual Cecilia Tam, Special Adviser May 2016, EWG 51 Canberra.
Spencer Dale Group chief economist.
Land Use and Resources Chapter 14.
The Outlook for Energy and Natural Gas Markets
Renewable Energy Resources
Energy.
Chapter 14: Resource Issues
ENERGY.
Energy.
Security, Economics, and Environmentalism in Oil Policy
Presentation transcript:

Chapter 1 Introduction to Energy Economics Part A Peter Schwarz, Professor of Economics and Associate, Energy Production and Infrastructure Center (EPIC), University of North Carolina Charlotte

Chapter 1 Outline I. Why Energy Economics? II. Energy Indispensable to Modern Life III. Key Energy Issues IV. Economic Approach V. A Roadmap of 12

Why Energy Economics? (1) In the beginning… 1973 Middle East oil embargo Organization of Petroleum Exporting Countries (OPEC) gains control Nationalization 1979 Second oil price shock of 12

Why Energy Economics? (2) To the Present 2001 September 11 terrorist attacks 2008 China and India increase demand 2014 June - $100 oil the new normal? 2016 Price falls below $30 a barrel and then rebounds above $50 Where are we today? of 12

Why Energy Economics? (3) Source: Energy Information Administration, “What Drives Crude Oil Prices?” January 2015. http://www.eia.gov/finance/markets/spot_prices.cfm of 12

Why Energy Economics? (4) Drivers Supply OPEC Non-OPEC U.S. hydraulic fracturing (“Fracking”) Demand Stagflation, Recession Growth China, India Speculators Value of Dollar of 12

Why Energy Economics? (5) Related Fields Environmental Economics Natural Resource Economics Ecological Economics of 12

Energy Indispensable to Modern Life (1) Energy Intensity Ratio of Energy/Gross Domestic Product (GDP) Energy price has smaller impact on economy than in 1970s. of 12

Energy Indispensable to Modern Life (2) Fuels for Transportation Electricity Buildings of 12

Energy Indispensable to Modern Life (3) Fuels for Transportation Motor vehicles Primary use of oil Cleaner alternatives Hybrids Electric vehicles (EVs) Mass transit of 12

Energy Indispensable to Modern Life (4) Electricity Flip-the-switch service Blackouts and brownouts in India, African countries. Sources Coal Natural Gas Oil Nuclear Hydro Alternatives Wind, Solar, Energy Efficiency Pollution of 12

Energy Indispensable to Modern Life (5) Buildings By some measures, largest energy user Long replacement cycle Leadership in Energy and Environmental Design (LEED) Certified, Silver, Gold, Platinum Program designed by architects, not economists ENERGY STAR Saves at least 15% energy compared to conventional appliances Neither LEED nor ENERGY STAR is necessarily economically efficient. of 12

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.