Modeling natural gas regulation in the Project Independence Evaluation System

Technical Report · Fri Dec 01 04:00:00 EST 1978

OSTI ID:6567735

Murphy, F H; Lady, G M; MacRae, E C; Glassey, C R

The Project Independence Evaluation System is used to forecast the state of the energy economy for selected future years and reflect the impacts of a range of potential Federal policies on the prices paid for energy commodities, on the level of demands for these commodities, and on the level of imports of oil. Models are constructed for the different components of the energy system, and then these submodels or their outputs are integrated into a forecasting system. This modularization allows for the ongoing improvement of the various segments of PIES without having to alter the entire system, one of these improvements being the addition of gas regulatory structures. The PIES system uses a set of supply models for each of the major raw materials: coal, oil, and natural gas. They simulate the response of the raw material-producing industries to increases and decreases in current and expected future prices and are used to construct supply curves. Submodels of refineries and electric utilities represent the transforming of raw materials into consumable forms of energy. Estimates of the producing capabilities of emerging technologies such as synthetic oil and gas, solar, and shale oil, are considered as well. The products consumed by the non-energy sectors of the economy are classified into seven petroleum products: gasoline, distillate, residual, jet fuel, liquid petroleum gases, naphtha, and other products from crude oil (including lubricants and waxes); and four other products: natural (or synthetic) gas, electricity, bituminous coal and metallurgical coal. The supply and demand curves are integrated in PIES with special attention given to the regulations on the pricing of interstate natural gas.

• Research Organization: Department of Energy, Washington, DC (USA). Energy Information Administration
• OSTI ID: 6567735
• Report Number(s): DOE/EIA-0103/7
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
ALLOCATIONS
CONTROL
ECONOMIC ANALYSIS
ECONOMICS
ENERGY MODELS
ENERGY POLICY
ENERGY SOURCES
EVALUATION
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDUSTRY
NATURAL GAS
NATURAL GAS INDUSTRY
PROJECT INDEPENDENCE
REGULATIONS
SUPPLY AND DEMAND