Energy: Supply Chain, Economics and Geopolitics (IF 401)

2022 Fall
Faculty of Engineering and Natural Sciences
Interfaculty Course(IF)
3
6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Murat Kaya mkaya@sabanciuniv.edu,
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English
Undergraduate
--
Formal lecture,Seminar,On-line task/distance
Communicative,Discussion based learning
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CONTENT

We address the production and the consumption of energy, its role in the global economy and the markets, its effect global politics and international relations and the influences reflected onto the consumers. The significance of energy in our daily lives is studied along with an insight into the consumption processes and mechanisms while understanding why and how energy is needed. Production of energy is studied with a technological and physical perspective in order to depict how alternative sources of energy are transformed into usable forms of energy. Principles and mechanisms of energy markets are investigated by positioning energy production as a core economic activity. We address how energy production and consumption drives the energy supply chain and decision making processes of parties in the supply chain. The role of energy on global, regional and local policies and their impact on the environment is investigated with an up-to-date perspective.

OBJECTIVE

This introductory course on energy is composed of two parts. The first part (taught by Dr. Kaya) considers the supply and distribution of energy. The second part (taught by Dr. Evin) focuses on energy geopolitics. The course aims to provide a big-picture view of energy supply chains to help students understand the interdependencies between technology, business, economics, environment and international politics regarding energy-related issues.

Note that scientific and technological aspects of energy, which are covered in the FENS elective courses ENS 207 and ENS 315, are not at the core of this course.

LEARNING OUTCOME

Categorize primary energy sources along with their worldwide distribution, supply-demand relations and associated production technologies.
Discuss the relative advantages and disadvantages (in terms of investment requirements, environmental impact and political risks) of using traditional fossil fuels (oil, natural gas, coal), renewable energy sources (hydro, solar, wind, biomass) and nuclear energy.
Explain the dynamics of energy supply chains and energy markets with particular focus on electricity as the most usable form of energy.
Demonstrate substantive knowledge of how energy relates to social, political, and economic aspects of contemporary life on a national, regional or global basis.
Demonstrate familiarity with sources and databases to obtain reliable information on energy reserves, production, transmission, and distribution.
Analyze how energy security and the geopolitics of energy affect national and EU policies as well as international relations.

ASSESSMENT METHODS and CRITERIA

  Percentage (%)
Final 30
Midterm 30
Exam 6
Assignment 16
Participation 12
Other 6

RECOMENDED or REQUIRED READINGS

Optional Readings

There is no main textbook for the course. Instead, we will use various reading material including book chapters, white papers and reports. Below, we list a number of sample reading material and resources. Additional readings will be posted at SUCourse from time to time.
? (Entry level): US Energy Information Administration (EIA) ? Energy Explained webpage.
https://www.eia.gov/energyexplained/
? (Entry level): TOTAL Planete Energies
https://www.planete-energies.com/en
? IEA World Energy Outlook Reports
https://www.iea.org/topics/world-energy-outlook
? International Energy Agency (for a wide variety of free reports)
https://www.iea.org/
? International Energy Agency ETP Clean Energy Technology Guide
https://www.iea.org/articles/etp-clean-energy-technology-guide
? BP Statistical Review of World Energy Reports
www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
? BP Energy Outlook
www.bp.com/en/global/corporate/energy-economics/energy-outlook.html
? The World Nuclear Industry Status Reports
https://www.worldnuclearreport.org/-The-Annual-Reports-.html
? Renewables Global Status Reports
https://www.ren21.net/reports/global-status-report/
? International Renewable Energy Agency (IRENA)
https://www.irena.org/publications
? World Energy Council publications
www.worldenergy.org/publications/
? The Economist Journal: Articles and Special Reports on Energy
www.economist.com/topics/energy-industry
? McKinsey consulting:
www.mckinsey.com/industries/electric-power-and-natural-gas/how-we-help-clients
? Deloitte consulting:
www2.deloitte.com/global/en/industries/energy-resources-industrials.html
? The Oxford Institute for Energy Studies
www.oxfordenergy.org
? Agora Energiewende
https://www.agora-energiewende.de/en/publications
? Wood Mackenzie
https://www.woodmac.com/our-expertise/capabilities/power-and-renewables/
? IICEC (Sabanci University Istanbul International Center for Energy and Climate)
iicec.sabanciuniv.edu/
? Shura Energy Transition Center
https://shura.org.tr/en/
? The Quest (Book): Energy, Security, and the Remaking of the Modern World. D. Yergin. 2012. (highly recommended. Turkish version title: Enerjinin Geleceği, 2 cilt)
? The Prize: The Epic Quest for Oil, Money and Power: D. Yergin. 1990. Turkish version title: Petrol. Iş Bankası Yayınları.
? The Boom (Book): How Fracking Ignited the American Energy Revolution and Changed the World. Russell Gold. 2015.
? Oil 101 (Book). Morgen Downey. 2009.
? Newsletter: ?The Energy Mix? by IEA. To subscribe:
https://www.iea.org/newsletter
? The Global Politics of Energy. Campbell and Price
? Ahmet O. Evin, Energy and Turkey?s Neighborhood: Post Soviet Transformations and Transatlantic Interests
? Ahmet O. Evin, Turkey?s Energy Policy and the EU?s Energy Demand
? Jamestown Foundation, Eurasia Daily Monitor
www.jamestown.org/programs/edm/

Podcasts
Energy-related podcasts offer a fun way to learn. The podcasts that I follow are:
? The Energy Transition Show with Chris Nelder (full episodes require payment)
? Redefining Energy
? The Energy Gang
? Columbia Energy Exchange
? The Interchange
? Energy Policy Now
? DNV GL Talks Energy
? Energy 360
? The Oxford Institute for Energy Studies
For a long list: https://blog.feedspot.com/energy_podcasts/