economics
National Oil Companies and the World Oil Market: Should We Be Worried?
Mark Thurber, Program on Energy and Sustainable Development, Stanford University
Monday, February 6, 2012 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
State-owned oil and natural gas companies, such as Saudi Aramco, Petróleos de Venezuela and China National Petroleum Corp., own 73 percent of the world's oil reserves and 68 percent of its natural gas. They bankroll governments across the globe. Although national oil companies superficially resemble private-sector companies, they often behave in very different ways.
Oil and Governance: State-Owned Enterprises and the World Energy Supply (Cambridge University Press, 2012), a new book commissioned by Stanford University's Program on Energy and Sustainable Development, explains the variation in performance and strategy for such state-owned enterprises. The book, which Mark Thurber co-edited and contributed to, also provides fresh insights into the future of the oil industry and the politics of the oil-rich countries where national oil companies dominate.
Though national oil companies have often been the subject of case studies, for the first time multiple case studies followed a common research design, which aided the relative ranking of performance and the evaluation of hypotheses about such companies' performance. Interestingly, some of the worst performing of these operations belong to countries quite unfriendly to the United States. Mark will also discuss the industrial structure of the oil industry, and the politics and administration of national oil companies. One result of the dominance of this structure for oil markets is that high prices often lead to lower supplies and low prices lead to increased production -- the opposite response of private companies.
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Whither Nuclear?
George Frampton, Jr., Covington & Burling LLP
Monday, November 7, 2011 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
As unlikely as it may seem, the future of the commercial nuclear industry, except perhaps in a few European countries and in Japan, appears to have been little affected by the Fukushima disaster. In the United States, Fukushima may have an impact on the relicensing of old plants and result in new safety requirements. But the principal barrier to a “nuclear renaissance” in this country remains the fact that nuclear is not cost competitive with other alternatives; indeed, its lack of competitiveness has been accentuated by the new prospect of cheap and abundant domestic natural gas, and by escalating nuclear capital costs. But nuclear will likely boom in China, India, Russia and perhaps other developing countries. It is China that will likely take the lead in new designs and in growing an export business of nuclear construction and operation. But without a safety law or a nuclear safety agency, with no history of independent regulatory entities, and with a record of problematic infrastructure construction, China will be challenged to move ahead at the pace currently envisioned without raising serious concern among its population and the nuclear community.
Related Themes:Clean Energy: The Intersection of Technology, Policy and Finance
Dan Reicher, Steyer-Taylor Center for Energy Policy and Finance, Stanford University
Monday, October 24, 2011 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
The talk will focus on the "clean energy triangle" -- technology, policy and finance -- with a particular emphasis on the role that policy and finance have in driving the development and deployment of a broad array of clean energy technologies, from efficiency and renewables to advanced fossil and nuclear. This will include a discussion of the "Valley of Death" -- the looming chasm that often sits between the early government and venture-funded development of an energy technology and its full-scale commercial deployment. The talk will also cover the important intersection between energy technology and information technology and the current stalemate in energy policy in Washington, D.C.
Related Themes:California's Energy Future Study: Portraits of the Energy System in 2050
Jane Long, Lawrence Livermore National Laboratory
Monday, October 17, 2011 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
The California Council on Science and Technology has undertaken a study of California's energy system in 2050. By executive order, the state is to reduce emissions to 80% below 1990 levels by 2050. The study identifies energy system descriptions (call "portraits") from a technical perspective that would meet this standard and allow for population and economic growth. The requirement for growth means that the energy system should have nearly zero emissions. The portraits are constructed by evaluating four key questions: How much can we control demand? How much heat and transportation will be electrified? How will electricity be de-carbonized? How much sustainable biofuel could be available? Results show an energy system that dramatically different than today, but largely relies on technology we know about.
Related Themes:Solar Energy Mini-Series: Solar PV Manufacturing -- U.S. Competitiveness in a Global Industry
Alan Goodrich, National Renewable Energy Laboratory
Monday, October 10, 2011 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
Over the past five years, solar Photovoltaic (PV) module shipments from China and Taiwan has grown from 6% to 54% global market share, while the U.S. has slipped from 9% to 6% market share. Chinese PV companies have gained an international pole position, in part, by achieving the industry’s lowest silicon module manufacturing cost. There is also a clear strategic effort on the part of the Chinese government to drive an expansion into the high technology enterprises of the future, like solar PV by offering strong state support for export industries such as solar PV component manufacturing. Over the long term, however, there are many challenges facing the Chinese PV industry that will impact its ability to sustain its dominant position.
Related Themes:Our Energy Future: Lessons from the Heartland
Nancy Jackson, Founder and Chair, Climate and Energy Project, Kansas
Monday, February 7, 2011 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
In America’s Heartland, where many if not most are skeptical about climate change, a tiny nonprofit has successfully promoted energy solutions. While we certainly wish to change policy, we know that policy alone is not sufficient – the will to implement must be steadfast as well. So we have worked from the ground up and the top down to connect with citizen’s core values, to identify shared goals, to raise the voices of local champions, and to take action together. Our Take Charge Challenge – an energy efficiency contest between communities – harnessed the competitive spirit and transformed efficiency from “sacrifice” to “win.” Energy forums, an economic development tour, a workforce development survey, and booths at the Kansas State Fair in addition to legislative briefings and endless testimony transformed wind energy from “pipe dream” to “a key part of the energy mix.” The Climate & Energy Project seeks to set new defaults for energy use, identifying efficiency as the obvious first fuel and renewables like wind as cost-effective options that “just make sense.”
Opportunities and Challenges for Cap-and-Trade in California
Michael Wara, Assistant Professor of Law Stanford University
Monday, January 24, 2011 | 04:15 PM - 05:15 PM | NVIDIA Auditorium, Jen-Hsun Huang Engineering Center | Free and Open to All
In December, the California Air Resources Board adopted a cap-and-trade program covering approximately 85% of statewide emissions of greenhouse gases. This regulation sets a limit on emissions of greenhouse gases and then allows trading of pollution permits by entities covered under the program. The design of California’s system is both balanced and innovative, when considered in the context of other cap-and-trade regimes. As such, the program has the potential to serve as a model for future federal legislation.
However, because of both its ambition and its scope, the California program is likely to be the place where the law governing state-level regulation of GHGs is clarified. The new regulations will likely be challenged in court on a number of grounds - the recently enacted Prop 26, the impact that the regulations will have on interstate sales of electricity, and the fact that the EPA is taking steps to regulate GHGs under the Clean Air Act. Resolution of these legal questions will ultimately determine whether California is allowed to assume the leadership role for climate change that it has historically played in the development of US environmental law and regulation.
No slides available
Related Themes:Precourt Institute for Energy at Stanford: The Grand Challenge
Lynn Orr, Keleen and Carlton Beal Professor in Petroleum Engineering, Energy Resources Engineering Department Director, Precourt Institute for Energy
Panelists:
- Zhi-Xun Shen, Stanford Institute for Materials & Energy Science (SIMES)
- Sally Benson, Global Climate and Eneregy Project GCEP
- Stacey Bent, TomKat Center for Sustainable Energy
- Jim Sweeney, Precourt Energy Efficiency Center (PEEC)
- Frank Wolak, Program on Energy and Sustainable Development (PESD)
- Larry Goulder, Stanford Environment and Energy Policy Analysis Center (SEEPAC)
Wednesday, October 6, 2010 | 04:15 PM - 05:15 PM | Building 420, Room 40 | Free and Open to All
Franklin M. ("Lynn") Orr, Jr. became the director of the Precourt Institute for Energy at Stanford upon its establishment in 2009. He served as director of the Global Climate and Energy Project from 2002 to 2008. Orr was the Chester Naramore Dean of the School of Earth Sciences at Stanford University from 1994 to 2002. He has been a member of the Stanford faculty since 1985 and holds the Keleen and Carlton Beal Chair of Petroleum Engineering in the Department of Energy Resources Engineering, and is a Senior Fellow at the Woods Institute for the Environment. His research activities focus on how complex fluid mixtures flow in the porous rocks in the Earth's crust, the design of gas injection processes for enhanced oil recovery, and CO2 storage in subsurface formations. Orr is a member of the National Academy of Engineering. He serves as vice chair of the board of directors of the Monterey Bay Aquarium Research Institute, and he chairs the Science Advisory Committee for the David and Lucile Packard Foundation and was a foundation board member from 1999-2008.
- battery storage
- bio-fuel
- cap & trade
- carbon sequestration
- climate change
- economics
- energy and climate policy
- energy efficiency
- geothermal
- greenhouse gases
- impacts
- modeling
- nanotechnology
- natural gas
- nuclear
- ocean energy
- oil shale
- petroleum
- renewable energy
- smart grid
- solar
- tar sands
- transportation fuel
- wind
Panel: The Energy Innovation Ecosystem
Note different time and location - 3:45-5:15pm, McCaw Hall
Moderated by Andrew Revkin, Dot Earth
Panelists:
- John Krenicki, President and CEO, GE Energy
- Roy Johnson, former CEO, Calisolar
- Dick Swanson, President Emeritus and CTO, SunPower
- Uma Chowdhry, Senior Vice President and Chief Science and Technology Officer, DuPont
Held in conjunction with the GCEP Annual Research Symposium
Wednesday, September 29, 2010 | 03:45 PM - 05:15 PM | McCaw Hall, Frances C. Arrillaga Alumni Center | Free and Open to All
Andrew Revkin, editor of Dot Earth, will moderate a discussion with leaders from industry about the opportunities for businesses and countries to participate in the energy economy and the "energy innovation ecosystem" that will be needed to stimulate, support, and sustain innovation in the energy sector. This panel takes place in conjunction with the Annual Global Climate and Energy Project (GCEP) Research Symposium which this year has the theme of “Creating a Sustainable Energy System for the 21st Century and Beyond”.
Related Themes:Public Policies That Prevent Dangerous Climate Change and Catalyze Sustainable Global Prosperity
Hal Harvey, Chief Executive Officer, ClimateWorks
Wednesday, June 2, 2010 | 04:15 PM - 05:15 PM | Building 420, Room 40 | Free and Open to All
Abstract:
What public policies can prevent dangerous climate change and catalyze sustainable global prosperity? Hal Harvey, CEO of the ClimateWorks Foundation, will discuss the urgency of mitigating climate change, how to craft and implement approaches to the problem that achieve results, and the costs of delaying action.
The ClimateWorks Foundation supports public policies that prevent dangerous climate change and catalyze sustainable global prosperity. The foundation’s goal is to limit annual global greenhouse gas emissions to 44 billion metric tons by the year 2020 (25 percent below projections) and 35 billion metric tons by the year 2030 (50 percent below projections). These ambitious targets require immediate and widespread adoption of smart policies that rapidly improve energy efficiency, scale up the deployment of clean energy technologies, and halt the destruction of tropical forests. The ClimateWorks Network is a global family of organizations that focus on effective policies in the nations, regions, and economic sectors responsible for most greenhouse gas emissions—thus increasing our chances of success.
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