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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…)

15.08.2011

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…)

30.03.2011

Alternative Transportation Fuels And Alternative Fuel Vehicles

Alternative Fuel Vehicles
At present, in the United States and worldwide, motor vehicles are fueled almost exclusively by petroleum based gasoline (or reformulated gasoline) and diesel fuels. Since the first oil price shock in 1973, efforts have been made to seek alternative fuels to displace gasoline and diesel fuels and achieve energy and environmental benefits. Some of the alternative fuels that have been researched and used are liquefied petroleum gas (LPG), compressed natural gas (CNG), liquefied natural gas (LNG), methanol (MeOH), dimethyl ether (DME), Fischer– Tropsch diesel (FTD), hydrogen (H 2 ), ethanol (EtOH), biodiesel, and electricity. Production processes associated with gasoline, diesel, and each of these alternative fuels differ. (more…)

19.01.2011

Oil Trading and Tanker Transportation

oil trading tanker
Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their limited sources of origin derived to its destination all over the world. This particular section of ocean shipping industry is the main component of the movement of seaborne cargo. Even though oil is transported through pipelines and tankers and tank wagons, these movements are relatively small and often restricted to national or in a few cases trough the intra-regional trades. The increment in oil demand came not only from the United States & Western Europe, however there is a rapid oil demand recovery in Japan, a country with no domestic oil reserves. (more…)

23.12.2010

Mitigating the Peak-oil Impacts with Carbon-based Alternatives

carbon oil
One study that does address the peak-oil scenario directly is a 2005 report conducted for the National Energy Technology Laboratory (NETL) entitled “Peaking of World Oil Production: Impacts, Mitigation, and Risk Management” (Hirsch, et al., 2005). This study acknowledged the risk of the peaking of world oil production and investigated strategies to mitigate the impacts. Because NETL is the government’s primary fossil energy research lab, it is not surprising that the report concludes that the way to solve our looming liquid fossil fuel problem is . . . with more fossil fuels. (more…)

16.10.2010

Energy Technology and Modern Urbanization

The age of industrialization came into full force through the modern exploration and use of fossil fuels. As one of its most striking phenomena, the rapid expansion of cities throughout the late 19th and the 20th centuries was a direct outcome of the fossil fuel energy economy as well. (more…)

15.09.2010

Biomass Gasification Process Effect of Feedstock Properties and Operating Parameters

Biomass Gasification Feedstock
Thermo chemical processing of biomass yields gaseous, liquid, and solid products and offers a means of producing useful gaseous and/or liquid fuels. Biomass gasification is a total degradation process consisting of a sequence of thermal and thermo chemical processes that converts practically all the carbon in the biomass to gaseous form, leaving an inert residue. The gas produced consists of carbon monoxide (CO), hydrogen (H2), carbon dioxide (CO2), methane (CH4), and nitrogen (N2) (if air is used as the oxidizing agent) and contains impurities, such as small char particles, ash, tars, and oils. The solid residue will consist of ash (composed principally of the oxides of Ca, K, Na, Mg, and Si) and possibly carbon or char. (more…)

1.08.2010

Energy Import Dependence, Resource Exhaustion and Carbon Policy

energy import dependence
Geopolitical risk refers almost always to primary energy carriers (oil, gas, coal, uranium or renewable energy) since their location depends on the vagaries of geology and climate. Production and energy consumption are thus often physically far apart and take place in countries and regions with different histories, cultures and values. Apart from oil & gas exploration and production, all other steps of the energy chain such as refinement or enrichment, energy conversion and distribution can be moved physically closer to the final customer or are, like consumption, directly under the latter’s control. (more…)

29.07.2010

Oil and Gas Exploration, Production, and Processing

Oil Gas Exploration
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydrocarbon refining and marketing) businesses as well as related activities such as chemicals, and their R&D activities serve the needs of these businesses. During the past decade or so, the R&D spending of oil and gas firms has generally declined. According to a DOE survey, R&D spending by major energy producers within the United States declined from $3.05 billion in 1994 to $1.33 billion in 2000. Although not true of all producers internationally, the broad global trend over the past decade or so seems to be along similar lines. (more…)

15.07.2010

Bioenergy from Dependent Resources (Forestry, Vegetable Oils, Waste)

Agricultural and forestry residues provide the largest proportion of biomass used for the production of biomas bioenergy. Some estimates suggest that globally available biomass role in the form of recoverable residues represents about 40 Ejyr -1, enough to meet 10% of the total present energy use of 406 Ejyr -1 . However, realizing this potential is limited by factors such as ease and cost of recovery and environmental concerns relating to sustainable land use practices. (more…)

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