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Lead Senior Economist
Environmental Defense Fund
What determines the cost of a ton of coal? Is OPEC an oligopoly? Should we subsidize low-carbon energy or tax fossil fuels? Do Prius owners drive more? These are among the questions I cover in my Economics of Energy class. I’ve taught this class at Columbia University’s School of International and Public Affairs for the past five years. I hope to receive your feedback on how to improve this course. The course has two goals: to provide a set of tools to approach these and many other fundamental questions in energy economics, and to do so in plain English. Last… [more]
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Many are familiar with peak oil theory — the idea that global oil production will hit a ceiling and then decline — yet the concept of peak oil demand, where demand will plateau before supply, appears to be replacing this controversial hypothesis. Amy Myers Jaffe, Executive Director of Energy and Sustainability at UC Davis, recently wrote in the Wall Street Journal that a combination of technical, economic, environmental and demographic shifts could lead to peak global oil demand in the next two decades. By contrast, the Energy Information Administration (EIA) projects that global oil demand will rise from 87 million barrels per… [more]
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