Economics of nonrenewable energy resources

Technical Report · Tue May 01 00:00:00 EDT 1990

DOI:https://doi.org/10.2172/7146451· OSTI ID:7146451

Canavan, G H

Optimal pricing of nonrenewable resources could generate significant rents and value transfers even in an orderly transition from nonrenewable to renewable back-up energy supplies. If the latter were delayed, penalties could be much larger. Interruptions of imports could increase penalties significantly. For short or modest interruptions, strategic reserves are the logical insurance; for longer interruptions, the economy could be forced to adjust and penalties increased. There is little slack in the timetable for transition to renewable sources, so any added constraints generate disproportionate penalties. 5 refs., 6 figs.

• Research Organization: Los Alamos National Lab., NM (USA)
• Sponsoring Organization: DOE/MA
• DOE Contract Number: W-7405-ENG-36
• OSTI ID: 7146451
• Report Number(s): LA-11765-MS; ON: DE90010261
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290400* -- Energy Planning & Policy-- Energy Resources
COST
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
MATHEMATICAL MODELS
PRICES
RESERVES
RESOURCE ASSESSMENT
RESOURCES