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Energy Resources

This document explores the dynamics of the U.S. energy market from 2002 to 2004, focusing on energy flow, domestic production, and consumption patterns across various energy sources, including crude oil, coal, and renewables. It examines the cost implications of energy consumption and reflects on whether energy costs accurately represent their true usage costs. The report utilizes graphs and data from credible sources to illustrate domestic supply and international influence, alongside insights into the global petroleum market and the impact of oil price fluctuations.

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Energy Resources

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  1. Energy Resources Wednesday, March 15

  2. Energy Flow 2004 – United States Source: http://www.eia.doe.gov/emeu/aer/diagram1.html

  3. U.S. Energy Market $ S D Energy BTUs

  4. U.S. Energy Flow 2002-2004Domestic Production

  5. Example: Distribution of Consumption Among Alternative Sources of Energy, U.S. $ Sco Sr Scr D Energy BTUs Crude Coal Renewables

  6. Do energy costs reflect true costs of their use? $ Sco Sr Scr D Energy BTUs Crude Coal Renewables

  7. Do energy costs reflect true costs of their use? $ Sco Sr Scr D Energy BTUs Crude Coal Renewables

  8. U.S. Energy Flow 2004

  9. The Global Oil Market • http://www.npr.org/news/specials/oilseries/global.html

  10. Qd Qt imported The U.S. Petroleum Market: Domestic Supply $ SD International Supply SI Pw Domestic Demand Graph #1 Quantity of petroleum

  11. Loss Pd Pd2 Qd2 Qd The U.S. Petroleum Market: Domestic Supply $ SD International Supply SI Pw Domestic Demand Graph #2 Quantity of petroleum

  12. Qd Qd Qt Qt The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply Pw SI Domestic Demand Graph #3 Quantity of petroleum

  13. Qd Qd Qt The U.S. Petroleum Market: Domestic Supply $ SD SD International Supply Pw SI Domestic Demand Graph #4 Quantity of petroleum

  14. Qd Qt Qt The U.S. Petroleum Market: Domestic Supply $ SD International Supply SI Domestic Demand D Graph #5 Quantity of petroleum

  15. Impact of changes in oil prices • http://www.npr.org/news/specials/oilseries/conserve.html • http://marketplace.publicradio.org/shows/2005/06/24/PM200506244.html • http://marketplace.publicradio.org/shows/2005/06/24/PM200506245.html

  16. Crude Oil -- Elasticity of Demand Source: J.B.Cooper “Price Elasticity of Demand for Crude Oil: Estimates for 23 Countries.” OPEC Review, March 2003

  17. The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply SI Domestic Demand Q Quantity of petroleum

  18. The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply SI Domestic Demand Q Quantity of petroleum

  19. Welfare loss from self-sufficiency The U.S. Petroleum Market: Domestic Supply $ SD SI2 Pw2 International Supply SI Domestic Demand Graph #6 Quantity of petroleum

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