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This is the first book to address the issues of affordable power, sustainable energy, and reduced environmental impact through the science of energy pricing. Looking at the availability of natural resources from an engineering perspective, and determining how they can be priced to achieve sustainability in the energy sector, is the aim of this groundbreaking new work.

A serious limitation of that discourse is its insistence on polarizing opinions "for" or "against" environmental sustainability, peak oil, and affordable energy prices. This book proceeds instead to isolate the absence of any agreed criteria for what would constitute inherently sustainable development and examines the main outlines of the history and political economy of energy resource exploration and development since the 1850s from this standpoint. It proposes specific directions in which to take some of the leading alternatives and amendments to current energy pricing practices (as well as some of the most promising energy development alternatives) in order to fulfill the time criteria required for an inherently sustainable trend.

The author shows how, and why, identifying unsustainable practices and consequences can make a case for closing down particular oil and gas production operations, while averting the time-wasting approach of trying to fix what really has gone beyond fixing. However, it is possible, necessary, and actually far better to replace these methods with newer, scientifically based methods for achieving overall energy sustainability.

This groundbreaking new volume:

Explores new scientific principles on which sustainability within the energy sector can be achieved

Uses pricing and valuation of resources as a tool to present a new methodology for reducing waste and environmental impact in the energy industry while achieving sustainability for affordable energy

Investigates Return On Investment (ROI), including its relationships to project evaluation and the pricing of outputs, to uncover how global energy prices and markets are affected by theoretical misunderstanding and practical misrepresentation

Offers a reconsideration of criminal case histories, like Enron, as signal teachers by negative example of the change of direction needed in how energy pricing has often been done in the past, in order to become sustainable.

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