Innovation Dynamics and Policy in the Energy Sector: Building Global Energy Markets, Institutions, Public Policy, Technology and Culture on the Texan Innovation Example

Title-page_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	Innovation Dynamics and Policy in the Energy Sector
Copyright_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	Copyright
Contents_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	Contents
List-of-figures_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	List of figures
List-of-tables_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	List of tables
About-the-author_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	About the author
Preface_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	Preface
Addendum_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	Addendum
		Introduction
		The Polar Vortex and Arctic cold air outbreaks of February 2021
		Key grid events and ERCOT responses as the Big Freeze unfolded and subsided
		Economic and human misery impacts of the Big Freeze
		The ERCOT market structure essentials
		Current ideas for reforming the Texas electric grid in response to the Big Freeze
		Where do we go from here?
		The key drivers of innovation
		Texas new innovation direction projections resulting from the Big Freeze
Chapter-1---The-dynamics-of-innovation-and_2021_Innovation-Dynamics-and-Poli
	1 The dynamics of innovation and technology in a market economy
		Introduction
		Innovation defined
		The rate of growth of technological change
		The dependence of economic growth on technological change
		Human capital and economic growth
		Treatment of time in economics and the law
		Property rights and innovation
		Government’s ability to advance innovation
		Economic models of innovation in the energy sector
		Overview of the Texas energy sector innovation experience
		Worked example
Chapter-2---The-common-international-en_2021_Innovation-Dynamics-and-Policy-
	2 The common international energy innovation drivers
		Energy-intensive economies: Texas and US ranking among leading countries
		The international energy and associated organizations: vehicles for innovation
			OPEC
			International Association for Energy Economics
		World Coal Association
		World Petroleum Council
		International Renewable Energy Agency (IRENA)
		Global Wind Energy Council
		International Solar Energy Society
		International Atomic Energy Agency (IAEA)
		Other international organizations
		Current status of the global economy in the sixth Kondratieff cycle
		Governmental structure influence on energy sector innovation
			Capitalism
			Communism
			Socialism
		Measuring the common factors for driving change
			Global Competitiveness Index
			Global Innovation Index
			Fundamentals of resource ownership
			Concessions and their role in international energy markets
		US companies with strong ties to Texas: spreading innovation throughout the globe
			Avangrid
			Chevron Corporation
			CMS Energy
			ExxonMobil
			First Solar
			Halliburton Company
			Hess Corporation
			Marathon Petroleum Corporation
			Occidental Petroleum Corporation (Oxy)
			Phillips 66
			Schlumberger
			Sempra Energy
Chapter-3---A-game-change-at-Sp_2021_Innovation-Dynamics-and-Policy-in-the-E
	3 A game change at Spindletop
		The event
		The Spindletop innovations
			Technological innovations
			Business model innovation
			Institutional innovation
		The early interplay of policy, markets, and technology
		Impacts of the Spindletop innovations
Chapter-4---From-chaos-to-order-in-th_2021_Innovation-Dynamics-and-Policy-in
	4 From chaos to order in the East Texas Field
		The event
		The East Texas Field induced innovations
		The interplay of policy, markets, and technology
		Impacts of the East Texas innovations
Chapter-5---Concessions-abroad-and-the-d_2021_Innovation-Dynamics-and-Policy
	5 Concessions abroad and the disciplined rule of capture
		The event
		Innovation US stile and the follow up by OPEC
		The interplay of policy, markets, and technology
		Impacts of the institutional innovations
Chapter-6---West-Texas-and-the-Permian-_2021_Innovation-Dynamics-and-Policy-
	6 West Texas and the Permian Basin early innovations
		The event
		The Permian Basin innovations
		The interplay of policy, markets, and technology
		Impacts of the Permian Basin innovations
Chapter-7---Panhandle-Field-and-nat_2021_Innovation-Dynamics-and-Policy-in-t
	7 Panhandle Field and natural gas flaring
		The largest natural gas discovery in the United States
		Interstate pipelines
		The complexity of natural gas regulation
		Natural gas flaring
		Natural gas proration and ratable take
		Industrial marketing programs and deregulation
		The innovations in the Texas natural gas markets
		The interplay of policy, markets, and technology
		Impacts of the natural gas market and institutional innovations
Chapter-8---Upheaval-in-the-energy-markets--t_2021_Innovation-Dynamics-and-P
	8 Upheaval in the energy markets: the Arab Oil Embargo and the Iranian Crisis
		What happened
		The federal response
		The Texas response
		Interplay of policy, technology and markets following the energy crisis
		Measuring the impacts of entities created
		GEAC (1973 commission) input
		GEAC (1973 commission) output
		GEAC (1975 Texas state agency) input
		GEAC (1975 Texas state agency) output
		GEAC (1975 Texas state agency) impact
		Texas Energy Advisory Council (TEAC, 1977 Texas state agency) input
		Texas Energy Advisory Council (TEAC, 1977 Texas state agency) output
		Texas Energy Advisory Council (TEAC, 1977 Texas state agency) impact
		TENRAC (1979 Texas State Agency) input
		TENRAC (1979 Texas State Agency) output
		TENRAC impacts
Chapter-9---Electric-industry-deregulati_2021_Innovation-Dynamics-and-Policy
	9 Electric industry deregulation and competitive markets
		The context
		Texas restructuring
		The Texas market structure and operations
		Performance
			Reliability
			Prices
			Retail service and consumer satisfaction
			The role of the market monitor regarding market power
			The role of new technology and institutional changes
		The interplay of policy, markets, and technology
		Impacts of the restructured electric market innovations
Chapter-10---Hydraulic-fracturing--the-permian-bas_2021_Innovation-Dynamics-
	10 Hydraulic fracturing: the permian basin challenges organization of petroleum exporting countries leadership
		The beginning
		Natural gas from shale
		Crude oil from shale and tight sands
		Interplay of policy, technology, and markets
		Impacts of the fracking innovations
Chapter-11---The-oil-and-gas-state-adds_2021_Innovation-Dynamics-and-Policy-
	11 The oil and gas state adds renewable wind and solar
		Renewable energy definition
		Wind energy electric generation
		Solar energy
		Transmission capacity
		Reliability
		Interplay of policy, technology, and markets
		Impacts of renewables innovation
Chapter-12---Capture-and-global-warming--th_2021_Innovation-Dynamics-and-Pol
	12 Capture and global warming: the technology and regulation debate
		Global warming and CO2 emissions
		Interplay of policy, technology, and markets
			Markets
			Policy
		Direct regulation of CO2 emissions from power plants
			Technology
		Hope around short-term impacts
		Concerns about long-term impacts
Chapter-13---The-road-ahead--ide_2021_Innovation-Dynamics-and-Policy-in-the-
	13 The road ahead: ideas are key
		From then until now
		What comes next
		The future dynamics of policy, technology, and markets
		A recommendation
Appendix-A---The-principle-components-_2021_Innovation-Dynamics-and-Policy-i
	Appendix A The principle components of the energy system
Appendix-B---Overview-of-energy-market-and-re_2021_Innovation-Dynamics-and-P
	Appendix B Overview of energy market and regulatory structures and US influence abroad
		Government agency regulatory system in the United States
		State government agency regulatory systems
			Texas
			United Kingdom
		UK regulatory authorities
			Germany
		Federal Network Agency
		Federal Maritime and Hydrographic Agency
		The Paris climate agreement—Germany support
		Russia
		Venezuela
		Saudi Arabia
Appendix-C---Recent-developments-in-ener_2021_Innovation-Dynamics-and-Policy
	Appendix C Recent developments in energy technology and markets
Definitions_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	Definitions
References_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	References
Index_2021_Innovation-Dynamics-and-Policy-in-the-Energy-Sector
	Index