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Book Synopsis
Energy supplies and prices are major economic factors in the United States, and energy markets are volatile and unpredictable. Thus, energy policy has been a recurring issue for Congress since the first major crisis in the 1970s. As an aid in policy making, this book presents a current and historical view of the supply and consumption of various forms of energy. This book analyses the competition between coal, natural gas and petroleum used for electricity generation by estimating what is referred to by economists as the elasticity of substitution among the fuels.

Fossil Fuels: Competition & Elasticities

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A Hardback by Charles M Wright, Patricia O Richardson

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    View other formats and editions of Fossil Fuels: Competition & Elasticities by Charles M Wright

    Publisher: Nova Science Publishers Inc
    Publication Date: 22/01/2013
    ISBN13: 9781622577132, 978-1622577132
    ISBN10: 1622577132
    Also in:
    Energy resources Fossil fuel technologies

    Description

    Book Synopsis
    Energy supplies and prices are major economic factors in the United States, and energy markets are volatile and unpredictable. Thus, energy policy has been a recurring issue for Congress since the first major crisis in the 1970s. As an aid in policy making, this book presents a current and historical view of the supply and consumption of various forms of energy. This book analyses the competition between coal, natural gas and petroleum used for electricity generation by estimating what is referred to by economists as the elasticity of substitution among the fuels.

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