Income Tax and Energy Supply: Tax Codes Credit for Energy Production

income tax energy
Various provisions in the federal income tax treat energy producers more or less favorably than other businesses. By changing the after-tax rate of return on investments in the energy sector, the Tax Code may alter the long-run supply of specific types of energy.

In general, the income of all participants in the energy sector is subject to income tax of one form or another. Two notable exceptions arise in the generation and sale of electricity. Governmental agencies (such as the Tennessee Valley Authority, the Bonneville Power Administration, and municipally owned power companies) account for approximately 14 percent of the electricity sold in the United States. (more…)

Technology Energy Efficiency: Changes and Renewable Sources

Although technology change (usually involving an improvement in energy efficiency) is not inherently a geographic process, it does not occur uniformly over geographic space. Consequently, mathematical modeling and behavioral and innovation diffusion studies by geographers have improved our understanding of the pervasive phenomenon of technology energy efficiency change in energy markets. Similarly, creative government policies in Germany since 1990 have led to a faster rate of adoption of renewable energy sources, compared to the United States. (more…)

Geothermal Steam Production Fields

Geothermal wells need to undergo a test program before they are used. This is so that the baseline conditions of both the wells and the geothermal aquifers that they tap can be determined. This baseline data are critical because all future information is compared against them.

After drilling has been completed and before the initial discharge, the well downhole conditions are measured. The temperature and pressure are measured by using a clockwork Kuster gauge or electronic logging tools. Standard practice is to initially do an injection (or completion) test, that is, sometime at a series of flows, where the temperature, pressure, and possibly flows using a spinner tool are measured at intervals down the open hole section of the well. (more…)

Solutions to Energy-Related Global Warming

Addressing global warming, however, is a highly complex and daunting endeavor. Many climate experts have urged the world to stabilize greenhouse gas concentrations in the atmosphere around 450 to 550 parts per million (ppm)—that is, no more than 450 to 550 units of greenhouse gases for every million units of air in the earth’s atmosphere. This approach, experts say, could keep average global temperatures at no more than 3.6° Fahrenheit (2° Celsius) above preindustrial levels, which could avoid some of the worst, irreversible consequences of climate change. (more…)

Nuclear Power And World Electricity Generation

Sir Arthur Eddington’s general address on subatomic energy at the 1930 World Power Conference in Berlin stirred the imagination of every scientist and engineer present. The challenge was clear: find a practical means of accessing, controlling, and using the enormous energy locked in the atom as predicted by Einstein’s remarkable mass–energy relation, E=mc2. On December 2, 1942, Enrico Fermi transformed Eddington’s visionary challenge into reality by producing the world’s first controlled, self-sustaining nuclear reactor, Chicago Pile 1. Six decades later, nuclear energy now produces 16% of the world’s electrical power. (more…)

Geothermal Power Stations and Non Condensable Gas (NGC)

The total installed geothermal power generating capacity in the world is approximately 9000 MWe from 21 countries, with the United States leading at nearly 3000 MWe and The Philippines with nearly 2000 MWe (Table II). Other major countries are Italy, Mexico, Indonesia, Japan, and New Zealand, with between 400 and 800 MWe each. (more…)

Geothermal Drilling for Investigating Geothermal Resource

Geothermal drilling technology is adapted from the oil industry. Most of the geothermal wells are drilled with a rotary-type drilling rig. Because of the hard, abrasive, and high-temperature volcanic rocks of geothermal systems, the drilling bits require hard abrasive resistant teeth such as diamond or tungsten carbide. Hence, geothermal drilling is an expensive activity in geothermal development. Most geothermal wells are drilled 1 to 2 km deep to intersect faults and fractures so as to increase the success rate of production from permeable zones. (more…)

Renewable Energy Sources in Europe: Geothermal, Wind Energy, Biomass

In Europe, modern renewable energy sources technologies were explored thoroughly for the first time after the oil embargo/ price crisis of 1973. Notably, market introduction of renewable energy technology started in about 1985, but the renewable energy sources industry has become vital only during the past decade. Accordingly, relevant statistical renewable energy sources data have been systematically compiled only over the past decade, although reliable and consistent statistical renewable energy sources data, collected since 1989, exist for all 15 countries of the European Union and for Western Europe (defined here as the EU-15 plus Switzerland, Norway, and Iceland). (more…)

Main Energy Sources: Renewable and Nonrenewable Energy

main energy sources
The energy that people use every day comes from many different sources. The resources are divided into two main groups: renewable energy and nonrenewable energy. Renewable energy sources are those that can be used again and again. Renewable energy resources have unlimited supply. (more…)

High Enthalpy Geothermal Energy

“Spain has great potential but lack geothermal legislation and investment.” Besides being clean, renewable and friendly, easily manageable, which contributes to security of energy supply.

However, like other renewable energy sources, requires the development of sustainable energy technology push policies and efficient and environment economic support. (more…)

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