| dc.description.abstract | This work reports the formulation, development, validation, and
applications of a medium to long range dynamic model for interfuel competition in the aggregated U. S. The economic cost structure, investment
decisions, and physical constraints are included specifically in the
supply models for coal, oil, natural gas, and nuclear fuels, as well
as in the consuming sectors residential and commercial, industrial
processing, transportation and electricity. The model simulates the
development of supply, the fuel selection process in the consuming
sectors, the depletion of the resources, and resolves these into fuels
consumed cost-price trends in the energy markets of the U. S.
The validation issue is addressed at length through a number of
considerations, including comparing the model performance to past
reported behavior of the energy system. it is applied to a series of
scenarios or case studies to assess the impact of a variety of technologies, policy considerations, and postulated occurrences on the future
energy outlook. Here it is seen the model can be a useful tool, forcing
a consistent assessment of possible future trends. The model is useful
for depicting the effects of policy or hypothesized changes in our
energy economy in a complete system framework. | en |
