Vol. 24, No. 3 (September 2016)
USAEE Dialogue is the official on-line newsletter of the United States Association for Energy Economics. Its mission is to communicate non-partisan information about recent research, analyses and case studies on issues of energy economics of general interest to its members. USAEE Dialogue is also a forum for reports of local USAEE Chapter and other USAEE/IAEE-sanctioned activities.
From the President, USAEEJames L. SmithCary M. Maguire Chair in Oil and Gas ManagementEdwin L.Cox School of BusinessSouthern Methodist UniversityDallas, TXjsmith@mail.cox.smu.edu
The heat of summer will soon be replaced by falling autumn leaves, chilly nights, and steaming bowls of soup. How wonderful! But this change of season is also a reminder that the 2016 USAEE/IAEE North American Conference is fast approaching. We will meet during October 23-26 at the Hyatt Regency Hotel in Tulsa, Oklahoma, and you should all make plans to attend.
The conference committee has had plenty of grist to feed the program mill this time around. Due to the proximity of the national election, we have scheduled sessions and speakers who will analyze the differences between the energy platforms and likely policies of the two major parties. And the Republican and Democratic staff directors of the Senate Energy and Natural Resources Committee will be on hand to discuss the possibility of a comprehensive energy bill emerging from Congress this year—and what it might mean for you.
From the Vice President-Communications, USAEE
Expanding the Dialogue Conversation
Maureen LorenzettiCommunications Advisor for the Managing Director and Chief Administrative Officer, World Bank GroupWashington, DC
As our recent membership renewal notice reminds us, there are many reasons why you should be part of the USAEE family. To me the most important reason is that we welcome a wide variety of voices across industry, non-profit and academic communities – yet even with these different perspectives we are united by a shared devotion toward helping make energy economics more accessible to all.
In this spirit we provide forums to exchange ideas for not simply economists but also students, journalists, teachers, business people, retirees, lobbyists, and public servants. Some of the ways we connect are through national conferences, such as the one we will be holding in Tulsa next month, other ways we promote the development and education of energy economics are through networking events across our local chapters. But perhaps one of the most direct ways we reach out to members is through our official on-line newsletter dialogue.
Comments on the Current Dilemma of the
U.S. Nuclear Power IndustryAnees S. Azzouni
The United States currently operates 99 nuclear units with 5 additional units to possibly come online in the next 5 years. In 2015, the total installed US nuclear capacity was about 100 GW most of which was built during an era of robust electricity demand growth and absent of renewables. As per the Energy Information Agency (EIA), the US produced about one-third of the global nuclear power in 2015. The global supply share of the US nuclear generation is expected to decrease significantly by 2040 to 19% from 32% in 2012. One of the reasons for such a drop in US global share is the growth of US nuclear power generation which is projected to stay flat compared to a robust 2.3% global growth over the next 25 years.
Response to the Perception that USAEE is an
Academically Dominated AssociationKarl J. NalepaPartnerReSolved Energy Consulting, LLCAustin, TXknalepa@resolvedenergy.com
The USAEE is intended to be an Association that brings together academia, industry and government to address issues in energy economics. This “three legged stool” approach provides a forum for academic research, industry application and government policy to interact in a way that we believe is unique in the energy industry. Lately however, there has been articulated a perception that the USAEE is an academically dominated Association. Since this perception may be at odds with the idea of the Association as a “three legged stool,” we developed a short questionnaire and provided it to the members of the Academia, Industry, Government, and Membership Committees for feedback on this perception and its implications with respect to the mission of USAEE. Following are the questions asked and a summary of the comments received:
Local Chapter Activities
Colorado School of Mines Chapter
Jacquelyn Pless, Matthew Doyle, Guy Caruso, and Braeton Smith at the 2nd Annual Rocky Mountain Energy Ecnomics Banquet (Nov 2015)
The Colorado School of Mines (CSM) Chapter has established itself as an important part of the CSM and Colorado Front Range energy economics landscape. The 2nd Annual Rocky Mountain Energy Economics (RMEE) Banquet, held at the Denver Athletic Club in November 2015, featured keynote speaker Guy Caruso (USAEE President-elect), who gave an engaging talk on energy geopolitics to an audience of about 90 people from the local energy community. The audience was composed largely of CSM students and faculty, as well as representatives from local industry, national labs, and other academic institutions. The success of the event was due in part to significant sponsorship from GE Ecomagination, the Joint Institute for Strategic Energy Analysis, and the Payne Institute for Earth Resources. The 3rd Annual RMEE Banquet will feature keynote speaker Mine Yucel of the Federal Reserve Bank of Dallas (former IAEE President) and will be held at the Denver Athletic Club on October 27, 2016.
National Capital Area Chapter
20th Annual Energy Policy Conference
James Koehler, President, NCAC; and Jim McDonnell, Vice-President, NCAC, at the 20th Annual Energy Policy Conference. (Georgetown University, Washington, DC, 12 April 2016.)
The National Capital Area Chapter of the U.S. Association for Energy Economics (NCAC) held its 20th Annual Energy Policy Conference at Georgetown University on April 12th, 2016, on the theme, “Beyond the Rhetoric: Energy Economics in a Carbon-Constrained World - Markets, Barriers and Pathways.” With just under two hundred meeting attendees, this year’s conference was among the Chapter’s largest. The conference was chaired by NCAC-USAEE Vice President Jim McDonnell. Current NCAC President James Koehler delivered the welcome and opening remarks.*
Forthcoming USAEE / IAEE Conferences
An important benefit of our USAEE/IAEE membership is the opportunity of participating at a member-discount in a wide range of USAEE/IAEE conferences around the world. Please take note of the following events and consult the respective conference websites for further details and registration information.
34th USAEE/IAEE North American Conference
October 23-26, 2016 -- Tulsa, Oklahoma
6th Latin American Energy Economics Meeting
April 2-5, 2017 - Rio de Janeiro, Brazil
40th IAEE International Conference
June 18-21, 2017 - Singapore
15th IAEE European Conference
September 3-6, 2017 - Vienna, Austria
35th USAEE/IAEE North American Conference
September 12-16, 2017 - Houston, Texas
From the Editor
Robert Eric BorgströmAdvisor on Energy Regulatory Policy and ManagementWashington, DCrobertborgstrom2@gmail.com
With this last issue of USAEE Dialogue, USAEE is moving on to Dialogues, a coordinated program offering members access to more timely and flexible media platforms for communicating information about research, work experiences and energy economics' issues. In her article in this issue, Maureen Lorenzetti, USAEE Vice-President, Communications, has outlined these platforms and how they may be used. Further information will be forthcoming, but in the interim, "USAEE Social Media Guidelines" may be found at: https://www.usaee.org/pdf/USAEE_SM_Guidelines.pdf. As was the case with our on-line newsletter, the content of materials to be shared via Dialogues is entirely dependent upon member contributions and I encourage all members to take advantage of these new opportunities to create and develop the interactive networks that are an important benefit of our membership in USAEE/IAEE.
In closing let me thank those of you who, by your interesting and valued contributions to USAEE Dialogue, made my tenure as editor over these past five years an enjoyable and rewarding experience. It was a pleasure working with each of you! Lastly, I would be remiss not to thank Rebecca Lilley, our "publisher," without whose technical skill, patience, and good humor, USAEE Dialogue would not have existed on-line; and David Williams, our Executive Director, for his unfailing support of my efforts as editor on your behalf.
With very best wishes to all, I look forward to seeing you at future USAEE/IAEE events as well as on line!