• Contact Us
  • News
Sign in
BIEE | British Institute of Energy Economics
  • Home
  • Membership
  • Conferences
  • Meetings
  • Downloads
  • Videos
  • About Us

What’s the Value of an Energy Economist?

Peter Davies, BP plc .  12 November 2007

Provides an overview of the role of energy economics, initially considering existing oil resources and the theories on peak oil, and highlighting that oil production not only depends on the resources in place and investment, but also a range of other factors: price; technology; taxes; government policies and global levels of demand. Figures for oil prices, market forces and supply curves are provided. For demand, it is evident that the link between GDP and energy consumption remains intact, but that this varies regionally, highlighted through oil s-curves. In respect to climate change, even though the science is widely accepted, emissions show no sign of slowing and issues for dealing with it include the debate between mitigation and abatement versus adaptation, as well as the range of possible instruments that could be used to reduce emissions. Energy security is considered in terms of normal disruption versus catastrophe and through the role of insurance and stockpiles. From an energy economics perspective, it is suggested that: economic forces matter as much as physical and geological factors; cost benefit analysis can help promote rational decision making; energy markets work; and oil prices are impossible to predict accurately.

Categories: Energy demand, Energy economics, Energy modelling, Energy security, Meetings

Tags: Balance, BP, Climate change, Emissions, Energy generation, Energy markets, Export, Fossil fuels, Import, LNG, Natural gas, OECD, Oil markets, OPEC, Peter Davies, Pricing, Production, Production capacity, Renewables, Resources, Supply demand, Unconventional gas

Comments are closed.

  • Download Categories
    • Academic Papers
      • Electricity and nuclear
      • Energy and environment
      • Energy Consumer – Domestic
      • Energy demand
      • Energy economics
      • Energy efficiency
      • Energy modelling
      • Energy policy
      • Energy security
      • Finance and investment
      • Gas
      • Heat Innovation
      • Oil
      • Renewables
      • Transport
    • Conference Presentations
      • Electricity and nuclear
      • Energy and environment
      • Energy demand
      • Energy economics
      • Energy efficiency
      • Energy modelling
      • Energy policy
      • Energy security
      • Finance and investment
      • Gas
      • Oil
      • Renewables
      • Transport
    • Meetings
      • Electricity and nuclear
      • Energy and environment
      • Energy demand
      • Energy economics
      • Energy efficiency
      • Energy modelling
      • Energy policy
      • Energy security
      • Finance and investment
      • Gas
      • Oil
      • Renewables
      • Transport

Downloads Archive

	            SELECT YEAR(post_date) AS `year`, MONTH(post_date) AS `month`, count(ID) as posts FROM wp_posts WHERE post_type = 'resources' AND post_parent = 0 AND post_status = 'publish' GROUP BY YEAR(post_date), MONTH(post_date) ORDER BY post_date DESC LIMIT 100	        
	            Array
(
    [0] => stdClass Object
        (
            [year] => 2021
            [month] => 1
            [posts] => 1
        )

    [1] => stdClass Object
        (
            [year] => 2020
            [month] => 11
            [posts] => 3
        )

    [2] => stdClass Object
        (
            [year] => 2020
            [month] => 7
            [posts] => 1
        )

    [3] => stdClass Object
        (
            [year] => 2020
            [month] => 6
            [posts] => 1
        )

    [4] => stdClass Object
        (
            [year] => 2020
            [month] => 5
            [posts] => 2
        )

    [5] => stdClass Object
        (
            [year] => 2020
            [month] => 2
            [posts] => 1
        )

    [6] => stdClass Object
        (
            [year] => 2019
            [month] => 11
            [posts] => 2
        )

    [7] => stdClass Object
        (
            [year] => 2019
            [month] => 10
            [posts] => 4
        )

    [8] => stdClass Object
        (
            [year] => 2019
            [month] => 9
            [posts] => 10
        )

    [9] => stdClass Object
        (
            [year] => 2019
            [month] => 6
            [posts] => 1
        )

    [10] => stdClass Object
        (
            [year] => 2019
            [month] => 5
            [posts] => 1
        )

    [11] => stdClass Object
        (
            [year] => 2019
            [month] => 4
            [posts] => 1
        )

    [12] => stdClass Object
        (
            [year] => 2019
            [month] => 2
            [posts] => 2
        )

    [13] => stdClass Object
        (
            [year] => 2019
            [month] => 1
            [posts] => 1
        )

    [14] => stdClass Object
        (
            [year] => 2018
            [month] => 11
            [posts] => 1
        )

    [15] => stdClass Object
        (
            [year] => 2018
            [month] => 10
            [posts] => 4
        )

    [16] => stdClass Object
        (
            [year] => 2018
            [month] => 9
            [posts] => 53
        )

    [17] => stdClass Object
        (
            [year] => 2018
            [month] => 6
            [posts] => 1
        )

    [18] => stdClass Object
        (
            [year] => 2018
            [month] => 4
            [posts] => 1
        )

    [19] => stdClass Object
        (
            [year] => 2018
            [month] => 2
            [posts] => 1
        )

    [20] => stdClass Object
        (
            [year] => 2017
            [month] => 10
            [posts] => 5
        )

    [21] => stdClass Object
        (
            [year] => 2017
            [month] => 9
            [posts] => 7
        )

    [22] => stdClass Object
        (
            [year] => 2017
            [month] => 6
            [posts] => 1
        )

    [23] => stdClass Object
        (
            [year] => 2017
            [month] => 4
            [posts] => 2
        )

    [24] => stdClass Object
        (
            [year] => 2017
            [month] => 3
            [posts] => 2
        )

    [25] => stdClass Object
        (
            [year] => 2017
            [month] => 2
            [posts] => 1
        )

    [26] => stdClass Object
        (
            [year] => 2016
            [month] => 11
            [posts] => 5
        )

    [27] => stdClass Object
        (
            [year] => 2016
            [month] => 10
            [posts] => 5
        )

    [28] => stdClass Object
        (
            [year] => 2016
            [month] => 9
            [posts] => 51
        )

    [29] => stdClass Object
        (
            [year] => 2016
            [month] => 7
            [posts] => 1
        )

    [30] => stdClass Object
        (
            [year] => 2016
            [month] => 6
            [posts] => 1
        )

    [31] => stdClass Object
        (
            [year] => 2016
            [month] => 5
            [posts] => 1
        )

    [32] => stdClass Object
        (
            [year] => 2016
            [month] => 4
            [posts] => 1
        )

    [33] => stdClass Object
        (
            [year] => 2016
            [month] => 2
            [posts] => 2
        )

    [34] => stdClass Object
        (
            [year] => 2015
            [month] => 11
            [posts] => 3
        )

    [35] => stdClass Object
        (
            [year] => 2015
            [month] => 10
            [posts] => 5
        )

    [36] => stdClass Object
        (
            [year] => 2015
            [month] => 9
            [posts] => 8
        )

    [37] => stdClass Object
        (
            [year] => 2015
            [month] => 6
            [posts] => 3
        )

    [38] => stdClass Object
        (
            [year] => 2015
            [month] => 5
            [posts] => 1
        )

    [39] => stdClass Object
        (
            [year] => 2015
            [month] => 4
            [posts] => 1
        )

    [40] => stdClass Object
        (
            [year] => 2015
            [month] => 3
            [posts] => 1
        )

    [41] => stdClass Object
        (
            [year] => 2015
            [month] => 2
            [posts] => 3
        )

    [42] => stdClass Object
        (
            [year] => 2014
            [month] => 11
            [posts] => 1
        )

    [43] => stdClass Object
        (
            [year] => 2014
            [month] => 10
            [posts] => 6
        )

    [44] => stdClass Object
        (
            [year] => 2014
            [month] => 9
            [posts] => 51
        )

    [45] => stdClass Object
        (
            [year] => 2014
            [month] => 6
            [posts] => 3
        )

    [46] => stdClass Object
        (
            [year] => 2014
            [month] => 5
            [posts] => 2
        )

    [47] => stdClass Object
        (
            [year] => 2014
            [month] => 4
            [posts] => 1
        )

    [48] => stdClass Object
        (
            [year] => 2014
            [month] => 3
            [posts] => 2
        )

    [49] => stdClass Object
        (
            [year] => 2014
            [month] => 2
            [posts] => 1
        )

    [50] => stdClass Object
        (
            [year] => 2014
            [month] => 1
            [posts] => 2
        )

    [51] => stdClass Object
        (
            [year] => 2013
            [month] => 11
            [posts] => 3
        )

    [52] => stdClass Object
        (
            [year] => 2013
            [month] => 10
            [posts] => 9
        )

    [53] => stdClass Object
        (
            [year] => 2013
            [month] => 9
            [posts] => 12
        )

    [54] => stdClass Object
        (
            [year] => 2013
            [month] => 7
            [posts] => 5
        )

    [55] => stdClass Object
        (
            [year] => 2013
            [month] => 6
            [posts] => 5
        )

    [56] => stdClass Object
        (
            [year] => 2013
            [month] => 5
            [posts] => 2
        )

    [57] => stdClass Object
        (
            [year] => 2013
            [month] => 4
            [posts] => 3
        )

    [58] => stdClass Object
        (
            [year] => 2013
            [month] => 3
            [posts] => 2
        )

    [59] => stdClass Object
        (
            [year] => 2013
            [month] => 2
            [posts] => 2
        )

    [60] => stdClass Object
        (
            [year] => 2012
            [month] => 10
            [posts] => 6
        )

    [61] => stdClass Object
        (
            [year] => 2012
            [month] => 9
            [posts] => 57
        )

    [62] => stdClass Object
        (
            [year] => 2012
            [month] => 6
            [posts] => 1
        )

    [63] => stdClass Object
        (
            [year] => 2012
            [month] => 4
            [posts] => 1
        )

    [64] => stdClass Object
        (
            [year] => 2012
            [month] => 3
            [posts] => 4
        )

    [65] => stdClass Object
        (
            [year] => 2012
            [month] => 1
            [posts] => 4
        )

    [66] => stdClass Object
        (
            [year] => 2011
            [month] => 11
            [posts] => 1
        )

    [67] => stdClass Object
        (
            [year] => 2011
            [month] => 10
            [posts] => 3
        )

    [68] => stdClass Object
        (
            [year] => 2011
            [month] => 9
            [posts] => 10
        )

    [69] => stdClass Object
        (
            [year] => 2011
            [month] => 4
            [posts] => 2
        )

    [70] => stdClass Object
        (
            [year] => 2011
            [month] => 2
            [posts] => 2
        )

    [71] => stdClass Object
        (
            [year] => 2011
            [month] => 1
            [posts] => 2
        )

    [72] => stdClass Object
        (
            [year] => 2010
            [month] => 10
            [posts] => 4
        )

    [73] => stdClass Object
        (
            [year] => 2010
            [month] => 9
            [posts] => 49
        )

    [74] => stdClass Object
        (
            [year] => 2010
            [month] => 3
            [posts] => 1
        )

    [75] => stdClass Object
        (
            [year] => 2010
            [month] => 1
            [posts] => 2
        )

    [76] => stdClass Object
        (
            [year] => 2009
            [month] => 11
            [posts] => 3
        )

    [77] => stdClass Object
        (
            [year] => 2009
            [month] => 10
            [posts] => 2
        )

    [78] => stdClass Object
        (
            [year] => 2009
            [month] => 9
            [posts] => 13
        )

    [79] => stdClass Object
        (
            [year] => 2009
            [month] => 3
            [posts] => 1
        )

    [80] => stdClass Object
        (
            [year] => 2009
            [month] => 2
            [posts] => 5
        )

    [81] => stdClass Object
        (
            [year] => 2009
            [month] => 1
            [posts] => 1
        )

    [82] => stdClass Object
        (
            [year] => 2008
            [month] => 11
            [posts] => 2
        )

    [83] => stdClass Object
        (
            [year] => 2008
            [month] => 10
            [posts] => 3
        )

    [84] => stdClass Object
        (
            [year] => 2008
            [month] => 9
            [posts] => 24
        )

    [85] => stdClass Object
        (
            [year] => 2008
            [month] => 4
            [posts] => 1
        )

    [86] => stdClass Object
        (
            [year] => 2008
            [month] => 1
            [posts] => 2
        )

    [87] => stdClass Object
        (
            [year] => 2007
            [month] => 12
            [posts] => 1
        )

    [88] => stdClass Object
        (
            [year] => 2007
            [month] => 11
            [posts] => 1
        )

    [89] => stdClass Object
        (
            [year] => 2007
            [month] => 10
            [posts] => 1
        )

    [90] => stdClass Object
        (
            [year] => 2007
            [month] => 9
            [posts] => 10
        )

    [91] => stdClass Object
        (
            [year] => 2007
            [month] => 6
            [posts] => 2
        )

    [92] => stdClass Object
        (
            [year] => 2007
            [month] => 5
            [posts] => 1
        )

    [93] => stdClass Object
        (
            [year] => 2007
            [month] => 4
            [posts] => 1
        )

    [94] => stdClass Object
        (
            [year] => 2006
            [month] => 11
            [posts] => 1
        )

    [95] => stdClass Object
        (
            [year] => 2006
            [month] => 9
            [posts] => 31
        )

    [96] => stdClass Object
        (
            [year] => 2006
            [month] => 3
            [posts] => 1
        )

    [97] => stdClass Object
        (
            [year] => 2006
            [month] => 1
            [posts] => 1
        )

    [98] => stdClass Object
        (
            [year] => 2004
            [month] => 4
            [posts] => 1
        )

)
	        

Memberships

Become a member

For priority access to our events & gain access to our downloadable resources

Email updates

Sign up

To receive email updates about our forthcoming events and news please sign up here.

Why attend a BIEE Conference?

Explore this site

  • Home
  • About Us
  • Meetings
  • Videos

Contact Us

Email: admin@biee.org
Tel: 01296 747 916
Fax: 01296 747916

Copyright © 2005-2016 British Institute of Energy Economics All rights reserved.
Privacy | XML Sitemap

Web Design Oxford