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Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

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Page 1: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Energy Law

Introduction

Fall 2014

First Class – 26 Aug 14

Prof. Alan Palmiter

Page 3: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Wikibook sources

Page 4: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Energy sources

Energy use

Page 5: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

http://www.eia.gov/totalenergy/

11

22

33

44

55

66

88

77

1010

99

Page 6: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

1. True or false? The largest energy source in the United States is petroleum, which comes 90% from international sources.

2. Which is true in the United States –

a. Coal is a larger source of energy than natural gas

b. Renewable energy is a larger source than nuclear power

c. Fossil fuels represent about 50% of all US energy sources

d. Transportation uses more energy than industrial

3. Which is false in the United States --a. Coal is mostly used in electric

power generation

b. Industry uses more natural gas than petroleum

c. Transportation uses most of the petroleum

d. Energy constitutes about 20% of GDP. EIA

4. True or false? The largest energy sector is electric power, which is generated mostly using coal. EIA data / EIA predictions.

Pop QuizEnergy Sources/Uses

Answers: 1-F (<50%) / 2-C (75%) / 3-D (10%) / 4-T

Page 7: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

/www.eia.gov/totalenergy/data/monthly/pdf/flow/css_2012_energy.pdf

Page 8: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

http://www.eia.gov/totalenergy/data/annual/perspectives.cfm

Energy Sources

Page 9: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

http://www.eia.gov/totalenergy/

Energy Consumption Over Time

Page 10: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

http://www.eia.gov/totalenergy/

Energy Use Over Time

Page 11: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Federal P

ower Act

(1920)

Natural G

as Act

(1938)

Clean Air A

ct (1

970)

Public U

tility

Regulatory Polic

y Act

(1982)

EPA Amendments

(2005)

Energy P

olicy A

ct (1

992)

EISA (2

007)

Natural G

as Polic

y Act

(1978)

1920 20001980 20201940

Federal energy regulation - timeline

Federal P

ower Comm’n (1

920 / 1930)

FPA Amendments

(1935)

Federal E

nergy R

egulatory Comm’n &

Dep’t o

f Energ

y (1977)

National E

nvironmental P

olicy A

ct (1

969)

Clean Water A

ct (1

972), Safe D

rinkin

g Water A

ct (1

974)

Page 12: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Pop quiz

• DOE• EPA• EISA• FERC• FPA• FPC• NGA• NGPA• PURPA

• 1920• 1935• 1938• 1977• 1978• 1982• 1992• 2005• 2007

Page 13: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Climate change

Elizabeth Kolbert - author of New Yorker series “Climate of Man” (2005) and award-winning book Field Notes from a Catastrophe (2006):

“It may seem impossible to imagine that a technologically advanced society could choose, in essence, to destroy itself, but that is what we are now in the process of doing.”

Page 14: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Carbon dioxide …

Page 15: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter
Page 16: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Gulf stream …

Page 17: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Geo-engineering …

Page 18: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

1. Americans emit how much carbon into the atmosphere? a. 4 tons per person b. 10 tons per personc. 20 tons per person

2. Which statement is true of carbon use –

a. 4 tons of carbon = 15,000 miles at 45 mpg

b. 4 tons of carbon = 400 kwh (coal generated)

c. 4 tons of carbon = 15,000 miles air travel (economy)

3. Geo-engineering means :

a. Solar reflectors in space above Earth

b. Planting desert with plants (new animal husbandry)

c. Shooting sulfites into the upper atmosphere

d. Fertilize oceans to create carbon-eating algae

4. True or false? Today 800 million people are high carbon emitters. By 2030, this number will grow to 1.2 billion.

Pop quizCarbon stuff

Answers: 1-C (Avg=4) / 2-ALL / 3-ALL / 4-T

Page 19: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

“We already have the technology we need to take the world off the path toward dramatic climate change.”

Robert Socolow and Stephen Pacala,

Stabilization Wedges (2004)

Carbon Mitigation Initiative

Bill McKibben “That’s the task for our generation”

Page 20: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

http://cmi.princeton.edu/wedges/intro.php

Page 21: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

http://cmi.princeton.edu/wedges/intro.php

Page 22: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

The end

Page 23: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter
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Page 25: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter
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Page 28: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter
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The end

Page 30: Energy Law Introduction Fall 2014 First Class – 26 Aug 14 Prof. Alan Palmiter

Tragedy of commons?

• Antitrust law• Public utility law• Environmental law• Market-traded caps• Taxes