The population of China stands at 1.338 billion people. The Chinese economy after the open policy of 1978 has experienced tremendous growth. The average GDP growth rate of China during the last decade was about 10.03%. The increase in growth of Urban China accounts for a greater portion of the overall growth, which has led… Keep reading →
The recent US energy production explosion, efficiency gains, climate strategy and related energy policies are converging to create an intricate and rapidly-evolving set of issues that business leaders, regulators, academic professionals and students will address in New York next week at the 37th International Association for Energy Economics International Conference. In advance of the meeting,… Keep reading →
Energy is the backbone of any growing economy, which justifies the heavy reliance of the world economies on it. According to Alam (2006), “energy is the indispensable force driving all economic activities”. In other words, energy consumption is a prerequisite for economic growth and overall development. The energy composition of a country is equally important… Keep reading →
Towards Understanding How Corruption Impacts the Quality of Electricity Supply to End-Users in Emerging and Developing Economies This article provides a synopsis of a paper submitted to the IAEE/USAEE Best Student Paper Award Competition. On average, a fourth of all electricity produced in low-income countries was lost during transmission and distribution in the year 2000,… Keep reading →
A recent Wall Street Journal article discussed major oil company reserve holdings and how investors should evaluate a company’s reserve quality, quantity and global geographic distribution. It is an interesting story about a very important topic, but a lack of clarity with regard to some of the methodology and terminology leaves many questions unanswered. However,… Keep reading →
The closing of the American West just over a century ago was thought to be the end of a long chapter of human exploration that was as inspiring and enriching as it often was destructive and painful. New evidence that the far northern reaches of the globe are becoming increasingly passable and habitable means that… Keep reading →
Public opinion is not the only factor policy makers must weigh when charting a course for the US energy sector, but it does play a role. And this can prove difficult when there is a mismatch between what the public favors and how well people understand the costs and challenges of implementing their preferred energy… Keep reading →
During a discussion of the nexus of government and the energy industry at the USAEE/IAEE North American Conference in Anchorage, Alaska last week, Branko Terzic, Executive Director of the Deloitte Center for Energy Solutions, pointed out that the average American does not know the cost of electricity. He suggested that a focus on greater transparency… Keep reading →
A satellite photo of the Earth at night taken 10 years ago with natural gas reserve concentrations superimposed depicts a world where the resources are not located near the major population centers, which are clearly identified as large visible light clusters. Fast-forward a decade and superimpose shale gas resources on current nighttime satellite images and… Keep reading →
As US natural gas production swelled in recent years – largely a result of shale gas development – and prices fell amid burgeoning supply, producers moved rigs to economically greener pastures. In a world of comparatively high oil prices, this meant more liquids rich natural gas resources that produced ethane, butane, propane and pentanes, known… Keep reading →
