Multimodal Transportation Flows in Energy Networks with an Application to Crude Oil Markets
Name
11067_2018_9387_ReferencePDF.pdf
Size
2.38 MB
Format
Adobe PDF
Checksum (MD5)
5f67e0a68e8cd56e6c9cb10925297f4d
Author(s)
Oke, Olufolajimi
Huppmann, Daniel
Marshall, Max
Poulton, Ricky
Siddiqui, Sauleh
Date Issued
February 6, 2018
Publisher
Springer US
Version
Author's final manuscript
Abstract
Abstract
Network models of energy markets have been beneficial for analyses and decision-making to tackle challenges related to the production, distribution and consumption of energy in its various forms. Despite the growing awareness of environmental and safety impacts of fuel transfer, such as emissions, spills and other harmful effects, existing energy models for various types of networks are yet to fully capture modal distinctions which are relevant to providing pathways to limiting these impacts. To address this deficit in detailed multimodal analyses, we have built on recent work to develop a partial-equilibrium model that incorporates the representation of multimodal fuel transfer within energy networks. In a novel application to the North American crude oil market, we also demonstrate that our model is a useful tool for exploring avenues for reducing the risks of light and heavy crude oil transportation across this region. The results we obtain indicate that a combined strategy of rail loading restrictions, pipeline deployments and a discontinuation of the oil export ban is most effective in reducing the transportation of crude oil by rail and thereby mitigating the associated risks.
MIT Department
Massachusetts Institute of Technology. Department of Civil and Environmental Engineering
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1007/s11067-018-9387-0
