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Energy Resources

Energy Resources. Wednesday, March 15. Energy Flow 2004 – United States. Source: http://www.eia.doe.gov/emeu/aer/diagram1.html. U.S. Energy Market. $. S. D. Energy BTUs. U.S. Energy Flow 2002-2004 Domestic Production.

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Energy Resources

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  1. Energy Resources Wednesday, March 15

  2. Energy Flow 2004 – United States Source: http://www.eia.doe.gov/emeu/aer/diagram1.html

  3. U.S. Energy Market $ S D Energy BTUs

  4. U.S. Energy Flow 2002-2004Domestic Production

  5. Example: Distribution of Consumption Among Alternative Sources of Energy, U.S. $ Sco Sr Scr D Energy BTUs Crude Coal Renewables

  6. Do energy costs reflect true costs of their use? $ Sco Sr Scr D Energy BTUs Crude Coal Renewables

  7. Do energy costs reflect true costs of their use? $ Sco Sr Scr D Energy BTUs Crude Coal Renewables

  8. U.S. Energy Flow 2004

  9. The Global Oil Market • http://www.npr.org/news/specials/oilseries/global.html

  10. Qd Qt imported The U.S. Petroleum Market: Domestic Supply $ SD International Supply SI Pw Domestic Demand Graph #1 Quantity of petroleum

  11. Loss Pd Pd2 Qd2 Qd The U.S. Petroleum Market: Domestic Supply $ SD International Supply SI Pw Domestic Demand Graph #2 Quantity of petroleum

  12. Qd Qd Qt Qt The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply Pw SI Domestic Demand Graph #3 Quantity of petroleum

  13. Qd Qd Qt The U.S. Petroleum Market: Domestic Supply $ SD SD International Supply Pw SI Domestic Demand Graph #4 Quantity of petroleum

  14. Qd Qt Qt The U.S. Petroleum Market: Domestic Supply $ SD International Supply SI Domestic Demand D Graph #5 Quantity of petroleum

  15. Impact of changes in oil prices • http://www.npr.org/news/specials/oilseries/conserve.html • http://marketplace.publicradio.org/shows/2005/06/24/PM200506244.html • http://marketplace.publicradio.org/shows/2005/06/24/PM200506245.html

  16. Crude Oil -- Elasticity of Demand Source: J.B.Cooper “Price Elasticity of Demand for Crude Oil: Estimates for 23 Countries.” OPEC Review, March 2003

  17. The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply SI Domestic Demand Q Quantity of petroleum

  18. The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply SI Domestic Demand Q Quantity of petroleum

  19. Welfare loss from self-sufficiency The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply SI Domestic Demand Graph #6 Quantity of petroleum

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