Series Information:
Harwood Fundamentals of Pure & Applied Economics

The petroleum industry is arguably the most influential and important industry in the world. This book offers a comprehensive introduction to the economics of oil and natural gas extraction and production along with a detailed discussion of pricing, taxing, and markets of these most valuable commodities.

The optimization of the time profile of revenues from individual fields is discussed along with the development of oil pricing, tax systems, and oil and natural gas regulation. This book will be of great value to petroleum engineers, students in business and economics, policy makers, and anyone else interested in the future of petroleum production.

An examination of key issues in electric utilities restructuring. It covers: electric utility markets in and out of the USA; the Open Access Same-time Information System; tagging transactions; trading energy; hedging tools for managing risks in various markets; pricing volatility, risk and forecasting; regional transmission organization; and more. The text contains acronyms, a contract specifications sample, examples, and nearly 500 bibliographic citations, tables, and drawings.

An analysis of the condition of the oil industry at the start of the 21st century. It demonstrates that the chief concern of the industry over the next couple of decades will not be its availability but its acceptability. Having dominated the 20th century, playing a crucial role in industrial development, oil now faces an unprecedented series of challenges: as a major polluter, it faces competition from other energy sources - gas and renewables - and ever more stringent regulation and control, with higher taxes. Faced with these pressures, the oil companies are repositioning themselves as energy industries - and oil is certain to have a diminishing share in their portfolio of fuels.;The implications are enormous, given the current dependence on oil of so much industry and government revenue. This book should be useful to all those involved with oil, from industry professionals to competitors, commentators, investors, managers, politicians and regulators, as well as more general readers.

The challenges facing participants in competitive electricity markets are staggering: high price volatility introduces significant financial risk into an industry accustomed to guaranteed rates of return, while illiquid forward markets prevent effective hedging strategies from being implemented. Valuation, Hedging and Speculation in Competitive Electricity Markets: A Fundamental Approach, examines the unique properties which separate electricity from other traded commodities, including the lack of economical storage, and the impact of a scarce transmission network. The authors trace the sources of uncertainties in the price of electricity to underlying physical and economic processes, and incorporate these into a bid-based model for electricity spot and forward prices. They also illustrate how insufficient market data can be circumvented by using a combination of price and load data in the marking- to-market process. The model is applied to three classes of problems central to the operation of any electric utility or power marketer; valuing generation assets, formulating dynamic hedging strategies for load serving obligations, and pricing transmission contracts and locational spread options. Emphasis is placed on the difference between trades which can be 'booked out' in the forward markets, and those which must be carried through to delivery. Lately, significant attention has been given to the role of regulators in mitigating excessive price levels in electricity markets. The authors conduct a quantitative analysis of the long-term effects of regulatory intervention through the use of price caps. By modeling the dynamic interplay between the observed price levels and the decision toinvest in new generation assets, it is shown how such short term fixes can lead to long term deficits in the available generation capacity, and ultimately to market failures and blackouts.

This book covers critical debates on policies, markets and emerging issues that shape renewable energy transition in the Asian region, which is fast becoming an epicenter of the global energy consumption. The chapters focus on domestic policies, geopolitics, technology landscape and governance structure pertaining to the development of renewable energy in different Asian countries ranging from China to the Middle East. The book presents an insightful view of the pace and magnitude of the energy transition. It presents critical steps countries are taking to promote affordable and clean energy (SDG 7) as well as strengthening climate mitigation actions (SDG 13). In addition, this book introduces the concept of co-innovation---a collaborative and iterative approach to jointly innovate, manufacture and scale up low-carbon technologies---and its role in promoting energy transition in Asia. Chapter 8 (Renewable energy deployment to stimulate energy transition in the Gulf Cooperation Council) is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

This guidebook for managers and other decision makers analyses all important aspects that have to be considered when evaluating photovoltaics as a potential option in the power-supply industry and industrial development. Since such an analysis is quite complex and requires know-how from several scientific disciplines, the book draws upon the expertise of about 40 invited experts. Consensus statements on some of the controversial items such as cost development or energy pay-back time are given. In addition, the book is rounded out by an evaluation of the technological status of photovoltaics. The Photovoltaics Guidebook for Decision Makers enables readers to form their own opinions, particularly on the realistic potential and role of photovoltaics in energy policy, the power-supply industry and industrial development.

Bringing together leading experts from across the UK and Europe, this book provides a comprehensive analysis of the impact of Brexit on the energy sector in the UK and in the European Union and its member states. In recent decades, the trend within the EU has been towards greater integration and liberalisation of energy markets. Through the development of the Union's Internal Energy Market and the funding of cross-border energy infrastructure, EU membership facilitates cross-border trade in energy, promotes security of energy supply and via EURATOM allows EU member states to trade in nuclear material for energy production. Brexit changes all of this. The significant level of integration and interdependence in EU energy policy means that the UK's departure from the Union poses many challenges for the UK, the EU and its member states. While certain energy-related arrangements have been addressed, the relationship between the UK and EU in the energy sector has been changed fundamentally. In this context important and interrelated questions arise, such as including: * Under what terms will energy trading between the EU and UK now take place? * What access will the UK have to EU energy markets? * What does Brexit mean for the security of energy supply? * What does the UK's departure from EURATOM mean for nuclear research? * Can the cross-border Single Energy Market (SEM) on the island of Ireland continue following Brexit? * What implications does Brexit have for renewables, the environment and climate change? Brexit comes at a time when the European energy sector is undergoing the processes of decarbonisation and energy transition. This book offers researchers, legal practitioners and policy advisers in-depth understanding of the interplay between these challenges and Brexit.

Dielectric Spectroscopy in Biodiesel Production and Characterization presents the application of dielectric techniques in the production process of biodiesel, and in the characterization of biofuels, raw materials and effluents. In this comprehensive text, the reader will find information about biodiesel, production processes and biofuel characterization, including a description of dielectric techniques that are a useful alternative to - and have some important advantages over - international standards. Dielectric Spectroscopy in Biodiesel Production and Characterization is written in a language that is easy for both specialists and non-specialists to understand. It provides the concepts and tools needed for the application and correlation of the results of dielectric measurement with those from other techniques that are included in international standards. Aimed at a broad audience, the book gives a unified presentation, in a clear and concise way, of up-to-date information that has been gathered from a wide range of sources. Based on the ample research and teaching experience of the authors, Dielectric Spectroscopy in Biodiesel Production and Characterization will be of interest to professionals working in the liquid biofuels industry, researchers entering the field and also advanced university students on related courses.

Contents:
1. The Earth and Nuclear Power 2. Sources and Resources 3. How Reactors Work 4. Cooling Reactors 5. Loss of Cooling 6. Loss of Cooling Accident: Some Examples 7. Postulated Severe Accidents 8. Cooling During Fuel Removal and Processing

Fully updated and expanded into two volumes, the new edition of Groundwater Contamination explains in a comprehensive way the sources for groundwater contamination, the regulations governing it, and the technologies for abating it. Volume 1 covers all major contaminants and explains the hydrology and data used to determine the extent of pollution. Volume 2 discusses aquifer management, including technologies to control and stabilize multiple influxes into the water table. This volume outlines strategies for stormwater control and groundwater restoration. A number of case histories on site analysis and remediation based on DOE and state documents are included. Among the many new features of this edition are a full discussion of risk assessment, the preparation of groundwater protection plans, and references linking the text to over 2,300 water-related Web sites.

On the surface the new president seems to inherit an empty house," Hugh Heclo, a recognized expert on American democratic institutions, has noted. "In fact, he enters an office already shaped and crowded by other people's desires." Empowering the White House examines how Richard Nixon entered that crowded Oval Office in 1969 yet managed to change it in a way that augmented the power of the presidency and continues to influence into the twenty-first century how his successors have governed.

Nixon's White House is perhaps best remembered for the growth in the size of the staff, which operated under the supposed iron fist of H. R. Haldeman. But more important than size and management style to the character of the Nixon White House were the assigned tasks, complexity, and dynamics of the burgeoning staff. Faced with hostile majorities in Congress and executive branch careerists assumed to be committed to a Democratic agenda, Nixon sought to control his political fate by engaging more actively than earlier presidents in public relations and the mobilization of support. At the command and under the control of the Oval Office, the staff carried out assignments designed to fulfill Nixon's aims.

This theoretically informed and well-researched study explains how Nixon changed and expanded the institutionalized presidency and how that affected the Ford and Carter administrations. Nixon ushered in a new stage in the modern presidency by organizing and using his increasingly complex staff in new ways that have persisted beyond the 1970s to this day. To a greater degree than any predecessor, Nixon systematized outreach, legal advice, and policy formulation. His White House staffing, then, has come to be regarded as a "standard model" that influences incoming presidents regardless of party affiliation.

Leavening this organizational study are revealing accounts of how the Nixon, Ford, and Carter staffs operated behind the scenes in the West Wing. Anyone needing to know how the White House worked during those presidencies--or how it has worked since--will find this book invaluable.

This book is available either individually, or as part of the specially-priced Arguments of the Philosphers Collection.

This book covers execution of mega industrial projects especially in oil and gas industries covering engineering, procurement, construction, commissioning and performance testing. It enumerates various tasks and deliverables under each discipline and sub-disciplines to define the detailed scope of work, supplies and services, as per level III of Prima Vera Schedule developed from the contract-based schedule. It gives an overall idea of how a project rolls out from commencement date to initial acceptance and executed practically with total contractor's scope of work broken down into tasks/activities at level III platform, while highlighting that support for fool proof project execution.

Energy efficiency and energy conservation are often thought to be the same. They are not, according to Herbert Inhaber. Only when less total energy is consumed by all users will energy actually be saved. Energy efficiency schemes do not accomplish this goal of conservation: when one person or nation conserves energy, there is just more of it for others to use elsewhere. This is the first book to answer, comprehensively and objectively, the question: Do government energy conservation programs hinder or help the nation? Says Inhaber, the fact that billions of dollars have been spent on energy conservation programs, without giving a searching look at what has been accomplished, is a national scandal. Clear, concise, and with numerous useful graphs and tables, this book is an important first step toward making us all aware of what energy conservation actually is-and is not-and how it can and should be implemented.

This work includes chapters on how conservation is applied in the electric utility world, whether waste truly exists, the economic aspect of conservation, its relation to Marxism, and past examples of conservation failures. Inhaber reviews many of the points that were first made by Stanley Jevons, the father of modern quantitative economics, who stated more than 130 years ago that increased efficiency often produces greater overall energy use, not less. Inhaber concludes that a remedy claimed to cure all ills will cure none. The faith placed in conservation as a solution to a mountain of problems is, in large part, misplaced. The words 'energy conservation' have captivated people of almost all political and philosophical persuasions. My book should cause many people to rethink their blind faith.

This book is a practitioner's guide to sustainable development, laying out strategies for attracting investment for communities and their partners. It proposes an innovative Sustainable Development Proposition (SDP) decision-making tool based on a propositional calculus that can be used to analyse the sustainability of an infrastructure investment. It draws on environmental sustainability governance data analysis enabling investors to understand the economic indicators, income potential, return on investment, demand and legal compliance, as well as community and social benefits. Identified risks, issues and advantages are managed and monitored, and the SDP guidance can be applied to improve the prospects of the project in order to attract investment. Sustainable Community Investment Indicators (SCIIs (TM)) have been developed to assist with attracting investment and monitoring feedback on infrastructure projects, designed by the author for remote rural and indigenous communities - in response to current industry tools that are designed for urban environments. The book includes a broad range of real-world and hypothetical case studies in agricultural and indigenous areas in South America, Europe, Africa, Asia, Australia and the Pacific. Taking a diverse economies approach, these industry tools can be adapted to allow for enterprise design with unique communities. This book provides sustainable development practitioners, including government agencies, financiers, developers, lawyers and engineers, with a positive, practical guide to addressing and overcoming global issues with local and community-based solutions and funding options.

Contents:
Preface. Acknowledgement. Managing Water Quality. Application tf the Root Zone Water Quality Model for Environment-Water Management In Agricultural Systems - L. R. Ahuja, L Ma, J. D. Hanson and R. S Kanwar. Assessing Atrazine In Irrigated Soil Profiles - A. S. Azevedo, R. S. Kanwar and L. S. Pereira. Influence of Sub-Surface Drainage On Herbicide Management In Low-Land Areas - D. Cruiciani, G. C. Baptista, P. J. Christoffoleti and K. Minami. Effects Of The Traditional and No-Tillage Systems Upon Runoff and Herbicide Transport - F. J. B. Teixeira and G. Basch. First Results on Controlled Drainage to Reduce Nitrate Losses From Agricultural Sites - M. Borin, G. Bonaiti and L. Giardini. Nitrate Movement in Level Basins: Reduced Versus Conventional Soil Tillage - D. V. Santos, P. L. Sousa and L. S. Pereira. Impact of Agricultural Developments on Water Contamination and Environmental Sustainability - R. S. Kanwar. Effect of Irrigation with Saline Water on Soil and Crop in South-West Spain - M. M. Ridao, F. Moreno, F. Cabrera, J. E. Fernandez, M. J. Palomo and E. Fernandez-Boy. Soil Hydraulic Parameters For Environmental and Leaching Studies - M. C. Gonçalves, R. M. Fernando and L. S. Pereira. Reducing Acid Pollution From Reclaimed Acid Sulphate Soils: Experiences from the Mekong Delta, Vietnam - T. P. Tuong, L. Q. Minh, D. V. Ni and M. E. F. Van Mensvoort. Control Of Furrow Erosion and Infiltration on a Mediterranean Soil Using Polyacrylamide - F. L. Santos, R. P. Serralheiro, F. S. Melhorado and M. R. Oliveira. Assessment of Groundwater Vulnerability to Pollution Using the Drastic Method. Application to the Alqueva Area - J. P. Lobo-Ferreira and M. M. Oliveira. Managing the Effects Of Agricultural Practices on Groundwater Quality - M. C. Caputo, G. Passarella, M. Vurro and G. Giuliano. Managing Demand. Environmental Criteria in a Decision Support System for Surface Irrigation Design - J. M. Gonçalves, L. S. Pereira And P. L. Sousa. Surface Irrigation Efficiency in Cracking Soils as Influenced by Water Restrictions - A. Zairi, A. Slatni, J. C. Mailhol and H. Achour. Furrow Surge Irrigation as a Water Saving Technique - I. Varlev, Z. Popova and I. Gospodinov. Evaluation of Performance of Surface Irrigation Systems: Optimization of Infiltration and Roughness Parameters - M. J. Calejo, P. L. Sousa and L. S. Pereira. Real Time Management of Furrow Irrigation with a Cablegation System - S. Shahidian, R. P. Serralheiro and L. L. Silva. Predicting Runoff Under Sprinkler Irrigation Using Eurosem - B. Ghorbani. Performance Of Centre Pivot Systems In Field Practice - J. Montero, J. M. Tarjuelo, F. T. Honrubia, J. Ortiz, P. Carrión, J. A. De Juan And M. Calvo. Optimization Of Water Application For Sprinkler Irrigation - V. P. S. Paz, J. A. Frizzone, T. A. Botrel and M. V. Folegatti. New Non-Water Stressed Baselines for Irrigation Scheduling with Infrared Thermometers - I. Alves and L. S. Pereira. Crop Water Stress Index for Beans Obtained from Temperature Difference Between Canopy and Air - P. E. P. Albuquerque, R. L. Gomide and A. E. Klar. Real-Time Irrigation Scheduling Model for Cotton - Y. H. Li and B. Dong. Using Sap Flow Measurements to Quantify Water Consumption in the Olive Tree - M. J. Palomo, A. Díaz-Espejo, J. E. Fernández, I. F. Girón and F. Moreno. Water-Yield Function of Rice and Its Temporal and Spatial Variation - Z. Mao and Y. L. Cui. managing Supply in Irrigation Systems. Participatory Research on Technical Interventions to Improve Irrigation Performance: Informing Perceptions - B. A. Lankford and J. W. Gowing. Canal Inspectors Know-How in Water Management - R. Bustos, M. Marre, J. Chambouleyron and S. Salatino. Demand Management by Irrigation Delivery Scheduling - N. Hatcho. Performance Analysis of On-Demand Pressurized Irrigation Systems - N. Lamaddalena and L. S. Pereira. New Approaches To Design and Performance Analysis Of Low Pressure Distribution Systems - A. Douieb, R. Bounoua, L. S. Pereira, P. L. Sousa and N. Lamaddalena. Effective Monitoring Of Canal Irrigation With Minimum Or No Flow Measurement - B. A. Lankford. Canal Water Delivery System Automation. A Case Study - M. Rijov and V. Paulo. Waterproofing Mira, Campilhas, Senhora Do Porto Canals with Drained Geomembranes - J. L. Machado Do Vale, A. M. Scuero and G. L. Vaschetti. Minimum Level Of Water Demand For A Profitable Operation Of An Irrigation Scheme - I. Nicolaescu and E. Manole. Spatial Distribution Of Irrigation Water Requirements Using Geostatistical Analysis - V. Sousa and L. S. Pereira. Rice Production In Floodplains: Issues For Water Management In Bangladesh - J. J. F. Barr and J. W. Gowing. Users Governance Of Irrigation Water: On-Going Reforms and Potentials - Masahiro Nakashima. water Conservation and Hydrologic Behaviour. Reuse Of Return Flows And Local Runoff In Irrigation Systems - J. W. Gowing and P. S. Maheepala. Remote Sensing For Rainwater Harvesting In Mediterranean Agriculture - D. Prinz, T. Oweis and A. Oberle. A Model To Obtain The Hydrograph Of Surface Runoff In Terraced Areas - F. F. Pruski, J. M. A. Silva, L. N. Rodrigues And D. D. Silva. Dynamic Flood Control Along Arterial Drainage Networks, A Case Study - Y. Nedelec, D. Zimmer, C. Chaumont and M. D. Porcheron. River Meadow Programs -Planning In Partnership - H. Patt. Effects Of River Diking On The Water And Slat Regimes Of Flood Plain Soils - F. Statescu, A. Nicolau and V. Tobolcea. Influence Of Tillage System On Water Regime In Irrigated And Rainfed Sunflower Production - G. Basch, J. P. Mendes, M. J. G. P. R. Carvalho, F. Marques and M. J. Santos. Measurements Of Soil Hydraulic Properties In An Olive Orchard Under Drip Irrigation - F. Moreno, J. E. Fernandez, M. J. Palomo, I. F. Girón, J. M. Villau and A. Díaz-Espejo. Effect Of Mulching With Black Polyethylene Sheets On Sweet Pepper Evaporation Losses - G. Ghinassi And L. Neri. coping With Water Scarcity and Drought. Reduced Demand Irrigation Scheduling Under Constraint Of The Irrigation Method - R. M. Fernando, L. S. Pereira, Y. Liu, Y. N. Li And L. G. Cai. Water and Salt Management Strategies In The Aral Sea Basin - V. A. Dukhovny, And V. I. Sokolov. Drought Forecasting As An Aid To Irrigation Water Management - I. Pálfai, G. Y. Szilárd and L. M. Tóth. Characterizing Agricultural Droughts In Eastern Romania - C. Cismaru, I. Bartha, I. Cojocaru, N. Marcoie and V. Gabor. Modeling The Occurrence Of Dry Spells and Their Impact On Crop Yield - S. A. V. Sousa and J. A. Frizzone. Reconnaissance Optimal Sustainable Groundwater Pumping Strategies For The Lower Ghaggar Basin - A. Kumar, R. Shyam, N. K. Tyagi and R. C. Peralta. Irrigation, Sustainable Development and Law - M. Mathus Escorihuela. Comprehensive Criteria For Water Ecosystems Sustainability Assessment - V. I. Sokolov and V. A. Nikolayenko. Subject Index.

This book addresses a complex issue - water sustainability - that requires a combined approach to manage both water and energy. It highlights several technologies that have been introduced to study the water-energy linkage. It also discusses the need to develop effective laws for water management. In turn, the book assesses hybrid biological systems and demonstrates why they are better for the wastewater treatment process. Lastly, it reviews wastewater quality requirements, which have been the primary driver of industrial wastewater treatment programs in India. Gathering selected, high-quality research papers presented at the IconSWM 2018 conference, the book offers a valuable asset, not only for researchers and academics, but also for industrial practitioners and policymakers.

In the centennial year of the birth of Sir John Cockcroft, first master of my Cam bridge College, Churchill, and the first man to split the atomic nucleus by artificial means, it is indeed relevant to consider the outcome of his efforts at developing atomic power. From the earliest days of the construction of Calder Hall-the first nuclear power station in Britain-and the establishment of the British Atomic Re search Center at Harwell, and the Chalk River Nuclear Station in Canada, through the "Windscale" nuclear accident in Britain, up to the present, when some 20% of UK energy is derived from nuclear power, the Cockcroft legacy is felt. As the British historian Mark Goldie put it, in the "pure and sanguine 1950s," Cockcroft had almost absolute "faith in 'peaceful atoms' and in the boundless, almost cost free, energy that atoms would soon produce" (Goldie, 1997, p. 21). But, as the eminent economist Frank Hahn recalled, "the only failing Cockcroft had" was "that he wasn't up to much in economics. " Indeed, Hahn recalled that he "had to explain" to Cockcroft "the economic notion of optimum durability" as it related to the "interest rate" in the context of building Churchill College with "hand-made bricks. " After his explana tion, as Hahn recalled "Cockcroft smiled and proceeded to order more hand-made bricks" (Hahn, 1997, p. 27)."

The Political Economy of Venezuelan Oil describes the historic role of multinationals in establishing the oil industry there and the resulting coordination of an integrated, nationalized industry. Randall posits that the nationalization of the Venezuelan oil industry was strikingly different from that in Brazil and Mexico. Besides giving a detailed description of the structure and management of this industry, she also provides a history of labor conditions and an analysis of the impact of the oil industry on Venezuela's overall economy.

Over the next few years, political and financial power will move in the direction of individuals, companies and nations that are able to use energy in a more efficient way. This book describes this challenge and presents a way forward by which we may achieve the goal of increased energy efficiency in the different areas that need to change.

'Fascinating revelations' Max Hastings, Sunday Times 'An immensely valuable guide to a great and terrible industry' The Economist 'The book I have long been waiting for... Essential reading' Michael Klare Petroleum has always been used by humans: as an adhesive by Neanderthals, as a waterproofing agent in Noah's Ark and as a weapon during the Crusades. Its eventual extraction from the earth in vast quantities transformed light, heat and power. A Pipeline Runs Through It is a fresh, in-depth look at the social, economic, and geopolitical forces involved in our transition to the modern oil age. It tells an extraordinary origin story, from the pre-industrial history of petroleum through to large-scale production in the mid-nineteenth century and the development of a dominant, fully-fledged oil industry by the early twentieth century. This was always a story of imperialist violence, economic exploitation and environmental destruction. The near total eradication of the Native Americans of New York, Pennsylvania and Ohio has barely been mentioned as a precondition for the emergence of the first oil region in the United States. The growth of Royal Dutch-Shell involved the genocidal subjugation of people of the Dutch East Indies and the exploitation of oil in the Middle East arose seamlessly out of Britain's prior political and military interventions in the region. Finally, in an entirely new analysis, the book shows how the British navy's increasingly desperate dependence on vulnerable foreign sources of oil may have been a catalytic ingredient in the outbreak of the First World War. The rise of oil has shaped the modern world, and this is the book to understand it.

This book provides an alternative approach to analyzing Western Europe's much-debated dependence on Russian natural gas. The actual and potential consequences of this dependence have in recent years become a growing concern both in individual importing countries and at the level of the European Union. Russian gas exports have come to decisively influence EU-Russia relations and there is nowadays hardly any aspect of these relations that can be discussed without, directly or indirectly, taking into account natural gas. But despite the central importance of Russian natural gas exports in present-day European and Russian affairs, little attention has been paid to the political and economic decisions that - starting in the late 1960s - paved the way for large-scale imports of Russian gas. Applying a systems and risk perspective on international energy relations, author Per Hogselius investigates how and why governments, businesses, engineers and other actors sought to promote - and oppose- the establishment of an extensive East-West natural gas regime that seemed to overthrow the fundamental logic of the Cold War.