Mr. Ingram will be providing an update of major changes to the Midwest energy sector that have occurred since 2012 at the MEA Environmental Learning Summit. Additionally, Mr. Ingram will be discussing the shifting economics of US and world energy generation/consumption. Some focus will be on identifying major players in the US and world energy markets. Motivations that have resulted in the recent swings in energy supply and resultant cost will also be discussed.
Energy Economics:
Facts, Fiction and Energy Trends
As employees, contractors, and vendors in the utility industry, it is our responsibility to help educate the energy end-user. There is no way most of us can fully understand such a complex system like energy, but there are some basics that will definitely help us converse or even debate intelligently. When someone discusses green energy, looks at fluctuating fuel prices, ponders about greenhouse gases or nuclear energy, or simply complains about an electric bill, they are referring to energy economics. Do you know the differences between renewable, sustainable, and green energy? Are you using the terms correctly? Why is diesel fuel generally more expensive than unleaded, isn’t it easier to refine? Is green energy the solution to our growing demand? These and many other questions are asked and answered.
This presentation is an update to the 2012 presentation given at the same conference. There were some energy predictions made in the 2012 presentation based on trends. Do you think anyone predicted less than $40/barrel oil in late 2015? Let’s try to understand why oil is inexpensive and what might be the ultimate outcome. Low oil prices affect most everything in our economy, including other generation sources. It especially affects short-term individual spending/savings. Should we be cautious with respect to long-term economic impacts?
Mr. Ingram will also provide a general overview of key misconceptions by energy end-users and present some trends within the U.S. and the world on energy generation and consumption. As with most predictions, it is sector specific, but having a basic understanding of the cause and affect can provide better insight and knowledge for a debate.
For a copy of the presentation, click the link below: