Economics of The Geysers Geothermal Field, California PDF Download
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Author: McMillan, D. A.
Publisher:
ISBN:
Category : Geothermal resources
Languages : en
Pages : 36
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Author: McMillan, D. A.
Publisher:
ISBN:
Category : Geothermal resources
Languages : en
Pages : 36
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Author: Joeri Frederik De Wit
Publisher:
ISBN: 9781303444388
Category :
Languages : en
Pages :
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Book Description
"The Geysers" is a geothermal steam to electricity field in California. Over a period of 60 years, The Geysers has witnessed the entry/exit of multiple firms as total steam production grew, peaked, and then began to decline. Using a conceptual model for the extraction of steam from a vapor dominated geothermal reservoir I show that this pattern of field development may, to some extent, be a result of spatial externalities. Spatial externalities arise because fluids in the reservoir are mobile. Production and injection decisions of one well operator can affect the flow rate of wells owned by other operators. When independently profit maximizing operators fail to take into account interdependence between wells, they extract fluids at a rate which exceeds that which would have maximized field-wide profits. The welfare loss that arises from the negative externality manifests largely in the form of over-capitalization, the building of too many wells and power plants. Results from a well-level spatial econometric model indicate that interdependence between wells at The Geysers is substantial. These results warrant further investigation of the common property nature of geothermal resources and a regulatory framework to manage spatial externalities that can arise in them.
Author: Rodger D. Carlson
Publisher: Ayer Publishing
ISBN: 9780405119705
Category : Electric utilities
Languages : en
Pages : 148
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Author: California. Geothermal Resources Board
Publisher:
ISBN:
Category : Geothermal resources
Languages : en
Pages : 44
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Author: Edgar W. Butler
Publisher: Springer Science & Business Media
ISBN: 146847006X
Category : Technology & Engineering
Languages : en
Pages : 371
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Book Description
What are the effects on an isolated region when an entirely new and major energy resource is developed to commercial proportions? What happens to the population, the economy, the environment, the community, and societal relations? How does the government frame work respond, the family structure adapt, the economy expand, and life styles change under the impact of new forces which hold a prom ise of much benefit and a risk of adverse consequences? Imperial County, California, has a population of less than 90,000 people. This population has been exceptionally stable for years, cen tered as it is in an agricultural and recreational framework. The county is somewhat cut off from other areas by geographic barriers of moun'" tains and desert, by state and natural boundaries, and is the most remote of all 58 counties of California from the state capitol, Sacra mento. In the decade of the 1950s, geographical explorations for oil re vealed some anomalous structures underlying the desert and agricul tural areas in Imperial County. These, when drilled, seemed to be oil less and hot, and so lacked attractiveness to petroleum wildcatters. In the decade of the 1960s, Dr.
Author: N. El-Ramly
Publisher:
ISBN:
Category : Geothermal engineering
Languages : en
Pages : 142
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Author: Earl F. English
Publisher:
ISBN:
Category : Electric power
Languages : en
Pages : 22
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Author: California. Department of Water Resources
Publisher:
ISBN:
Category : Geothermal resources
Languages : en
Pages : 22
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Author: Stahrl Edmunds
Publisher: Praeger Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 408
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Author: Henry James Vaux
Publisher:
ISBN:
Category : Geothermal resources
Languages : en
Pages : 46
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