Description
Book SynopsisThis is the first book to address the issues of affordable power, sustainable energy, and reduced environmental impact through the science of energy pricing. Looking at the availability of natural resources from an engineering perspective, and determining how they can be priced to achieve sustainability in the energy sector, is the aim of this groundbreaking new work.
Most current models used in energy pricing are based on linear analyses. While these models work well for targeted scenarios within a short time frame, they do not provide one with a scientific tool that can include many facets of the information age. The existing models do not include environmental sustainability in an integrated fashion. This is mainly because environmental costs are still considered to be intangible, and intractable with conventional economic analysis tools. Though one existing model acknowledges some possible theoretical truth to concerns expressed about the onset of ''peak oil''the p
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“The book will be invaluable to engineers, managers, economists, and scientists working in the energy industry and economists and engineers working on sustainability, whether in industry or research.” (Chemistry & Industry, 1 January 2013)
Table of ContentsAcknowledgements xiii Preface xv
Introduction 1
0.1 Requirements of a Sustainable Energy Pricing Model 9
0.2 Outline of the Contents of this Volume 30
1. Fundamental Notions 37
1.1 "Energy Crunch" or: The Problems and Issues of Modeling an Energy Price 39
1.2 Matter, Energy, and Efficiency from Scientific Standpoint 66
1.3 Truth as a Scientific Frame of Reference 69
1.4 Phenomenally-based Sustainability: The Nature-science Criterion 80
1.5 Value Assessment, Value Addition and Phenomenally-based Energy Pricing 94
1.6 Newtonian 'Mechanism' and Mystification of How Value is Transformed into Price 104
1.7 Risk Assessment & Management and Aphenomenal Energy Pricing 107
1.8 The Temporal Criterion of Long-term Sustainability and its Implications 116
2. Newtonian Mechanism and Deconstruction of Scientific Disinformation 137
2.1 Introduction 139
2.2 Einstein's Relativity and Newton's Mechanism Compared 140
2.3 Newton's First Assumption 142
2.4 Fundamental Assumptions of Electromagnetic Theory 153
2.5 The Engineering Approach and Its Significance 175
2.6 First Conclusions 182
2.7 Continuity and Linearity 182
3. Offshore Networks of Control: Providing Short-Term Multi-Entity International Oil and Gas Plays with a Guarantee 209
4. Current Energy Pricing Models" Origins & Problems 223
4.1 Consumption without Production 226
4.2 Imposed Energy Pricing 246
4.3 Inherent Features of the Current Energy-Pricing Model: Matters Affecting Individuals' Daily Existence 256
4.4 Societal Implications of the Current Energy-Pricing Model for the Long Term 269
4.5 Long-term vs Short-term Returns-on-investment [ROI] From Energy Exploration & Development 296
4.6 Resource "Renewability" and 'Sustainable Negative Rent' 304
5. The Role of Coal in the Modern Evolution of Energy Pricing 309
5.1 Introduction 309
5.2 Significance of Commodifying Labor-time & All Material Production -- Including its Energy Source 313
5.3 From "Law of Supply & Demand" (at the margin) to "Consumption without Production" 335
6. Carbon Emission Credits -- Theory & Practice 341
6.1 Introduction 341
7. "Peak Oil" and Other Fits of Pique Among Resource Economists 435
7.1 Introduction 435
7.2 Human Factor Social Consciousness & "Abstracting Absence" 453
Bibliography 477
Appendix -Disinformation in the Social & Historical Sciences: Concerning Time Functions and Sustainability of Resource Development 521
Index 575
