Innovation Dynamics and Policy in the Energy Sector discusses the process and future of global innovation in the energy sector based on the innovation leadership example of Texas. The book proposes that the positive dynamics of Texas energy sector innovations arises from a confluence of factors, including supportive institutions, the management of technological change, competitive markets, astute public policy, intraindustrial collaboration, a cultural focus on change and risk-taking, and natural resource abundance. Heavily case-study focused chapters review the fundamental drivers of innovation, from key discoveries at Spindletop; the proliferation of oil production through major field development; through electric sector deregulation; and recent innovation in hydraulic fracking, renewable integration, and carbon capture. The work closes to argue that sustainable global innovation addressing the twin challenges of climate change and the energy transition must be driven by the promotion of competition and risk-taking which continually promotes the development of ideas, a process jointly funded by the public and private sectors and supported by collaborative and competitive institutions.
1. Innovation Dynamics and Policy in the Energy Sector - p. Page i 2. Cover - p. Page i 3. Title page - p. Page ii 4. Table of Contents - p. Page iii 5. Copyright - p. Page iii 6. Contents - p. Page vi 7. List of figures - p. Page vi 8. List of tables - p. Page viii 9. About the author - p. Page ix 10. Preface - p. Page x 11. Addendum - p. Page xii 12. List of Illustrations - p. Page xxx 13. List of Tables - p. Page xxxi 14. Chapter 1 : The dynamics of innovation and technology in a market economy - p. Page xxxi 15. Chapter 2 : The common international energy innovation drivers - p. Page 43 16. Chapter 3 : A game change at Spindletop - p. Page 94 17. Chapter 4 : From chaos to order in the East Texas Field - p. Page 102 18. Chapter 5 : Concessions abroad and the disciplined rule of capture - p. Page 112 19. Chapter 6 : West Texas and the Permian Basin early innovations - p. Page 118 20. Chapter 7 : Panhandle Field and natural gas flaring - p. Page 135 21. Chapter 8 : Upheaval in the energy markets: the Arab Oil Embargo and the Iranian Crisis - p. Page 151 22. Chapter 9 : Electric industry deregulation and competitive markets - p. Page 203 23. Chapter 10 : Hydraulic fracturing: the permian basin challenges organization of petroleum exporting countries leadership - p. Page 234 24. Chapter 11 : The oil and gas state adds renewable wind and solar - p. Page 247 25. Chapter 12 : Capture and global warming: the technology and regulation debate - p. Page 262 26. Chapter 13 : The road ahead: ideas are key - p. Page 282 27. Appendix A : The principle components of the energy system - p. Page 300 28. Appendix B : Overview of energy market and regulatory structures and US influence abroad - p. Page 306 29. Appendix C : Recent developments in energy technology and markets - p. Page 333 30. Definitions - p. Page 335 31. References - p. Page 340 32. Index - p. Page 340
Innovation Dynamics and Policy in the Energy Sector discusses the process and future of global innovation in the energy sector based on the innovation leadership example of Texas. The book proposes that the positive dynamics of Texas energy sector innovations arises from a confluence of factors, including supportive institutions, the management of technological change, competitive markets, astute public policy, intraindustrial collaboration, a cultural focus on change and risk-taking, and natural resource abundance. Heavily case-study focused chapters review the fundamental drivers of innovation, from key discoveries at Spindletop; the proliferation of oil production through major field development; through electric sector deregulation; and recent innovation in hydraulic fracking, renewable integration, and carbon capture. The work closes to argue that sustainable global innovation addressing the twin challenges of climate change and the energy transition must be driven by the promotion of competition and risk-taking which continually promotes the development of ideas, a process jointly funded by the public and private sectors and supported by collaborative and competitive institutions.
1. Innovation Dynamics and Policy in the Energy Sector - p. Page i 2. Cover - p. Page i 3. Title page - p. Page ii 4. Table of Contents - p. Page iii 5. Copyright - p. Page iii 6. Contents - p. Page vi 7. List of figures - p. Page vi 8. List of tables - p. Page viii 9. About the author - p. Page ix 10. Preface - p. Page x 11. Addendum - p. Page xii 12. List of Illustrations - p. Page xxx 13. List of Tables - p. Page xxxi 14. Chapter 1 : The dynamics of innovation and technology in a market economy - p. Page xxxi 15. Chapter 2 : The common international energy innovation drivers - p. Page 43 16. Chapter 3 : A game change at Spindletop - p. Page 94 17. Chapter 4 : From chaos to order in the East Texas Field - p. Page 102 18. Chapter 5 : Concessions abroad and the disciplined rule of capture - p. Page 112 19. Chapter 6 : West Texas and the Permian Basin early innovations - p. Page 118 20. Chapter 7 : Panhandle Field and natural gas flaring - p. Page 135 21. Chapter 8 : Upheaval in the energy markets: the Arab Oil Embargo and the Iranian Crisis - p. Page 151 22. Chapter 9 : Electric industry deregulation and competitive markets - p. Page 203 23. Chapter 10 : Hydraulic fracturing: the permian basin challenges organization of petroleum exporting countries leadership - p. Page 234 24. Chapter 11 : The oil and gas state adds renewable wind and solar - p. Page 247 25. Chapter 12 : Capture and global warming: the technology and regulation debate - p. Page 262 26. Chapter 13 : The road ahead: ideas are key - p. Page 282 27. Appendix A : The principle components of the energy system - p. Page 300 28. Appendix B : Overview of energy market and regulatory structures and US influence abroad - p. Page 306 29. Appendix C : Recent developments in energy technology and markets - p. Page 333 30. Definitions - p. Page 335 31. References - p. Page 340 32. Index - p. Page 340
