Newsletter, Fourth Quarter 2006

Published by the Energy Economics Education Foundation, Inc.
Editor: David L. Williams Contributing Editors: Paul McArdle, Tony Scanlan and Marshall Thomas

Fourth Quarter 2006

Download Entire Newsletter Editor's Notes

Read "Global Energy Market Trends—Insights from the 2006 BP Statistical Review of World Energy" By Peter Davies and Neelesh Nerurkar
Page 8 Peter Davies and Neelish Nerurkar, using data from the 2006 BP Statistical Review of World Energy, discuss the global energy "story" of 2005 and 2006. They note that despite the dominance of high prices, supply availability has been maintained; markets have worked and adjustments made and will continue to be made.

Read "A Producer’s Perspective of Oil and Gas Supply Security" By Majid A. Al-Moneef
Page 12 Majid Al-Moneef discusses energy security of supply from the perspective of an oil and gas supplier in the mid-east. He argues that while oil and gas import dependency was perceived as detrimental to energy security in the past, such a perception in an era of globalization, free markets and world competition is not warranted.

Read "Confronting Jevons’ Paradox: Does Promoting Energy Efficiency Save Energy?" By Horace Herring
Page 14 In 865 the English economist, Stanley Jevons, wrote: "It is wholly a confusion of ideas to suppose that the economical use of fuel is equivalent to a diminished consumption. The very contrary is the truth..Every... improvement of the engine, when effected, does but accelerate anew the consumption of coal." Horace Herring discusses this theory in today’s light and concludes that though promoting energy efficiency is a valuable tool to save money and stimulate economic productivity, it will not lead to a reduction in energy use.

Read "The Gas Exporting Countries Forum and Europe" By Hadi Hallouche
Page 16 Hadi Hallouche, one of the student advisers to the IAEE Council, explains the Gas Exporting Countries Forum and how it relates to the EU. Noting that the GECF was not set up as a Gas OPEC, he explains its structure and method of operation.

Read "The IAEE Comes Full-Circle" By Paul Tempest
Page 18 Paul Tempest, long-time IAEE member, comments briefly on the founding of IAEE and its road traveled since then, concluding with remarks on the 29th International Conference in Potsdam, Germany.

Read "Energy Policy in Denmark and the Danish Affiliate" By Jesper Munksgaard and Anders Larsen
Page 21 This article addresses some features in recent Danish Energy Policy and briefly describes the activities of the Danish Affiliate of the IAEE.

The "IAEE Newsletter" is a quarterly publication of the International Association for Energy Economics and the Energy Economics Education Foundation, Inc. You are receiving this email as part of your IAEE Membership. If you are no longer a member of the International Association for Energy Economics and would like to be removed, or feel you have received this email in error please send an email to iaee@iaee.org.
2006 IAEE, all rights reserved.


Download Entire Newsletter	Editor's Notes

Read "Global Energy Market Trends—Insights from the 2006 BP Statistical Review of World Energy" By Peter Davies and Neelesh Nerurkar Page 8	Peter Davies and Neelish Nerurkar, using data from the 2006 BP Statistical Review of World Energy, discuss the global energy "story" of 2005 and 2006. They note that despite the dominance of high prices, supply availability has been maintained; markets have worked and adjustments made and will continue to be made.
Read "A Producer’s Perspective of Oil and Gas Supply Security" By Majid A. Al-Moneef Page 12	Majid Al-Moneef discusses energy security of supply from the perspective of an oil and gas supplier in the mid-east. He argues that while oil and gas import dependency was perceived as detrimental to energy security in the past, such a perception in an era of globalization, free markets and world competition is not warranted.
Read "Confronting Jevons’ Paradox: Does Promoting Energy Efficiency Save Energy?" By Horace Herring Page 14	In 865 the English economist, Stanley Jevons, wrote: "It is wholly a confusion of ideas to suppose that the economical use of fuel is equivalent to a diminished consumption. The very contrary is the truth..Every... improvement of the engine, when effected, does but accelerate anew the consumption of coal." Horace Herring discusses this theory in today’s light and concludes that though promoting energy efficiency is a valuable tool to save money and stimulate economic productivity, it will not lead to a reduction in energy use.
Read "The Gas Exporting Countries Forum and Europe" By Hadi Hallouche Page 16	Hadi Hallouche, one of the student advisers to the IAEE Council, explains the Gas Exporting Countries Forum and how it relates to the EU. Noting that the GECF was not set up as a Gas OPEC, he explains its structure and method of operation.
Read "The IAEE Comes Full-Circle" By Paul Tempest Page 18	Paul Tempest, long-time IAEE member, comments briefly on the founding of IAEE and its road traveled since then, concluding with remarks on the 29th International Conference in Potsdam, Germany.
Read "Energy Policy in Denmark and the Danish Affiliate" By Jesper Munksgaard and Anders Larsen Page 21	This article addresses some features in recent Danish Energy Policy and briefly describes the activities of the Danish Affiliate of the IAEE.