Environmental Economics
Lecture 13: Energy and society
Outline

Energy challenges:



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Energy use
Unconventional energy
Energy sovereignty
5 presentations
What energy source (gas, coal) is the most
prevalent today?
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1. Oil

2. Coal
Which country consumes most energy per
capita? Why?

Island and the United Arab Emirates
Energy consumption
Energy availability: Oil

https://www.youtube.com/watch?v=ynaOH7O
mMcM
Peak oil

Peak oil is the point in time after which the
rate of extraction of petroleum will decline
permanently due to limited resources (M.
King Hubbert).
Shale resources
Unconventional sources in the U.S.

https://www.youtube.com/watch?v=KaRBrj5G
jIE&list=UUgRvm1yLFoaQKhmaTqXk9SA&in
dex=23&feature=iv&src_vid=ijfbnoc74E&annotation_id=annotation_37699
07621
Energy revolution

The development of new oil and gas
extraction technologies first in the United
States and now everywhere else in the
second half of the 2010s:



Hydraulic fracturing (fracking)
Horizontal drilling
Gas liquefaction
Energy revolution: Implications
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1. The rise of the U.S. as a major natural gas
producer and exporter
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2. Globalization of (gas) energy markets
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3. The development of more adaptive and flexible
energy production infrastructures

4. The unexpected weakening of the Organization of
the Petroleum Exporting Countries (OPEC) that had
controlled energy markets for half a century
What is energy security?

Energy security is the association between
national security and the availability of natural
resources for energy consumption.

www.eia.org
Energy security vs. Energy sovereignty

Energy sovereignty is focused not only
national energy security, but also considers:


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Local community interests
Environmental challenges posed by fracking
locally, nationally and globally
Social costs
Group project

What are the negative effects of fracking on
education as discussed in Schafft’s article?
List at least 5.
Study Guide Questions

What is peak oil?

What is energy revolution and what are its consequences? List 4
consequences

What is energy security? List 3 aspects.

What is energy sovereignty and how is different from energy
security?

What are the negative effects of fracking on education in local
communities as discussed in Schafft’s article? List at least 5.
Presentations

10 minutes + 5 minutes discussion

PowerPoints (email, USB)

Addresses all 5 points from report summary

Must attend and participate in discussing
your classmate presentations on both days
(5% of your class participation points)