Energy Economics

Energy Economics is the field that studies human utilization of energy resources and energy commodities and the consequences of that utilization. Under the subject we essentially study Depletable Resource Economics. Energy economics studies forces that lead economic agents — firms, individuals, governments — to supply energy resources, to convert those resources, into other useful energy forms, to transport them to the users, to use them, and to dispose of the residuals. It studies roles of alternative market and regulatory structures on these activities, economic distributional impacts and environmental consequences. It studies economically efficient provision and use of energy commodities and resources and factors that lead away from economic efficiency. This book largely cover the entire gamut of energy economics starting from the economics of oil and gas exploration, to economics of petroleum refining, to economics of petroleum distribution and retailing. It then further covers the economics of power generation, power distribution. Various economic aspects of development of these processes and technologies as well as impact on developmental economics of the country is covered in lucid detail.