Energy exports, which are already the primary source of Soviet convertible currency earnings and an important contributor to the budget, could bring in much more revenue if the Soviet Union were to reduce its extremely high levels of energy consumption. To encourage this process, energy prices need to be raised substantially. Under plausible assumptions, it is shown that an increase in prices could yield sizable foreign exchange earnings. Large increases in energy prices could, however, threaten the solvency of industrial enterprises, precipitate major economic and social dislocation, and severely strain interrepublican economic relationships.
Originally published in 1982. This book describes a comprehensive and integrated model of the UK energy sector which focuses on decision-making and optimisation rather than on forecasting or simulation. It incorporates the production and investment policy of all the major fuels over a fifty-year horizon and analyses strategy under a variety of different assumptions about costs, demands, technology and future decisions. The chapters cover a wide spectrum of energy problems and policy, including scenarios of rising oil and gas prices, and there are striking calculations of the costs of a non-nuclear plus conservation strategy. Interesting reading for those concerned with energy policy.