Offers managers and supervisors in the power and petroleum fields basic economic skills that enable them to make better policy decisions relating to energy. This practical textbook contains toolbox of models, along with institutional, technological, and historical information on oil, coal, gas, and electricity (including renewables).

IntroductionEnergy Lessons from the Past for the FuturePerfect Competition and the Coal IndustryNatural Monopoly and Electricity GenerationDeregulation and Privatization of Electricity GenerationMonopoly, Dominant Firm and OPECMarket Structure, Transaction Costs Economics and U.S. Natural Gas MarketsExternalities and Energy PollutionPublic Goods and Global WarmingMonopsony-Japan and the Asia Pacific LNG MarketSame Theory and the European Natural Gas MarketAllocating Fossil Fuel Production Over Time and Oil LeasingComputing Energy Costs and SupplyOil Refining, Energy Transportation, and Linear ProgrammingEnergy Futures and Options Markets for Managing RiskEnergy Information TechnologiesManaging in the Multinational World EnergyAppendix A: Glossary and AbbreviatorAppendix B: Conversion ChartsAppendix C: BibliographyIndex