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…)
Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their li ...
The focus of this section is on the quantitative assessment of the impact of oil price fluctuations on inflation. For that purp ...
Various provisions in the federal income tax treat energy producers more or less favorably than other businesses. By changing t ...
The evolution of oil prices is typically subject to a very high degree of uncertainty, given the extremely volatile nature of c ...
There are many possible reasons for suspecting market failure in a product like gasoline. Throughout the world, the exploration ...
Not surprisingly, most Energy Research and Development takes place in industrialized countries where both the public and private sectors are involved in the development of energy technologies. Given that most energy technologies are deployed through the marketplace, the predominant focus of Energy Research and Development is within firms. Still, governments have historically played an important role in the Research and Development of new energy technologies through direct financial support (e.g., gas turbines) as well as through policies that promote Energy Research and Development within firms. (more…)
Government expenditures on energy R&D, energy conservation have risen steadily over the past decade, but only two countries, Japan ...
The aim of this broad sweep through the area of energy innovation, highlighting the main actors, activities, policies, institutions ...
Nuclear fission and fusion Research and Development continues to account for nearly half of the total spending by IEA countries, al ...
Fossil fuels, had a broader impact in current society, still oil is the one that have far reaching effect. Oil, in all its forms is ...
Electric and gas utilities’ Research & Development activities deal nearly exclusively with energy conversion, distribution, and ene ...
There are many possible reasons for suspecting market failure in a product like gasoline. Throughout the world, the exploration, refining, and selling of petroleum products has long been controlled by large firms in oligopolistic or monopolized national markets. The United States is a sufficiently large importer of oil that it could have monopsony power, which would mean that we could increase the welfare of our own citizens by reducing our imports. Moreover, the consumption of petroleum products, especially in motor vehicles, generates many negative external costs, and will begin to examine closely in the next chapter. Where there are negative externalities, a free market will overproduce and over consume. (more…)
Because transportation is such a large contributor to global warming, both globally and in the United States, climate and energy ex ...
In the post-World War II period, until the beginning of the 1970s, oil price fluctuations were very small. From 1949 to 1970, a ...
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydro ...
The volatility in oil prices since the early 1970s is a remarkable feature of energy economics. Annual fluctuations in the oil ...
Analysis of future light-duty transportation energy use require estimates of the impact of fuel prices on travel and fleet fuel ...
You’re paying a lot more for energy of all kinds these days—oil, gas, and electricity cost double (and in some cases, nearly triple) what they ran you just a few short years ago. The higher cost of energy is also reflected in the price of everything else you buy; energy-related price hikes have been shooting out of sight recently. (more…)
Spring is here, which means that the summer heat is already here in Arizona. We all know how essential having an effective air ...
Did you know that the average American household uses around 10,000 kWh of electricity per year? This amount would be lessened ...
Don't sweat it out when you don't have to. Got your A/C running and still feel warm? Here are some tips that will help keep you ...
Nowadays, a lot more people are increasingly aware of the amount of energy they consumed everyday and what effect it was having ...
A home solar energy system can save you a lot of money on your household electric, gas and other bills. The sunshine is not onl ...