Posted: September 14th, 2017
Macro & Micro economic
The assigment quetions: The economics of energy
1. Compare the economics of Shale oil exploitation with nuclear energy, solar (photovoltaic) and wind generated energy.
2. What is average world energy production in Watts/day in 2013 if we assume 1 Liter of crude oil contains about 10 KWh? What is average UAE energy production in Watts/day in 2013?
3. 2. Make an excel model of Economic costs and Economic profits for Shale Oil exploitation, including transportation to China, Bejing CIF (Cost Insurance Freight) and Opportunity cost
4. Shale Oil – Extend your model to include Marginal cost for producing shale Oil, including construction, operation and decommission costs after the lifespan of the plant.
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