GeoVerse Lab
← Economics, Policy & Strategy Division

Energy Economics & Market Analysis Center

Analyzes energy markets, resource valuation, and the economic feasibility of geoenergy projects, conducting cost-benefit analysis, market modeling, and economic optimization for exploration, production, and transition investments.

⚙️ GeoVerse System Administration Division🖥️ AI & Computing Sciences Division🔬 Basic Sciences Division⚡ Intelligent Geophysical Exploration Division🛢️ Resource & Energy Engineering Division🌍 Applied Geoscience Solutions Division💼 Economics, Policy & Strategy Division🎓 Education & Training Development Division🚀 Innovation & International Collaboration Division
Energy Economics & Market Analysis CenterPolicy Analysis & Regulation CenterStrategic Planning & Foresight CenterFuture Studies & Technology Foresight CenterBusiness Development & Ventures Center
Harold Hotelling🔑
⭐ Center Chief
Harold Hotelling
Center Head
💡 Hotelling's rule for exhaustible resources
Otto Eckstein🔑
1927–1984
Otto Eckstein
Researcher
💡 Systematized cost-benefit analysis for public water and power project evaluation, establishing standard criteria for public energy-infrastructure investment
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Leif Johansen🔑
1930–1982
Leif Johansen
Researcher
💡 Built the first operational computable general equilibrium (CGE) model, now the standard tool for simulating energy-tax and policy shocks across an economy
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Lewis Cecil Gray🔑
1881–1952
Lewis Cecil Gray
Researcher
💡 Developed the earliest rigorous economic theory of exhaustible resource conservation and depletion rent, directly preceding Hotelling's formal model
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Nicholas Georgescu-Roegen🔑
1906–1994
Nicholas Georgescu-Roegen
Researcher
💡 Founded ecological economics by applying the entropy law of thermodynamics to the economic process, showing irreversible physical limits on resource-based growth
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Henri Theil🔑
1924–2000
Henri Theil
Researcher
💡 Pioneered econometric forecasting methods and information-theoretic accuracy measures widely used to evaluate energy demand and price forecasting models
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Arthur Cecil Pigou🔑
1877–1959
Arthur Cecil Pigou
Researcher
💡 Founded welfare economics and the theory of negative externalities, proposing corrective taxation now known as Pigovian taxes—the theoretical basis of carbon pricing
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Holbrook Working🔑
1895–1985
Holbrook Working
Researcher
💡 Founded the modern theory of futures markets, price discovery, hedging, and the theory of storage underlying oil and gas futures pricing
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Robert Solow🔑
1924–2023
Robert Solow
Researcher
💡 Extended growth theory to exhaustible-resource economies, establishing the sustainability conditions (Hartwick rule) for maintaining consumption over time
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Irving Fisher🔑
1867–1947
Irving Fisher
Researcher
💡 Founded modern interest-rate theory and the intertemporal theory of capital and investment underlying all discounted valuation
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Wassily Leontief🔑
1906–1999
Wassily Leontief
Researcher
💡 Invented input-output analysis, the standard method for tracing interindustry flows including energy through an economy
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Marcel Boiteux🔑
1922–2023
Marcel Boiteux
Researcher
💡 Developed peak-load marginal-cost pricing theory for electricity systems, foundational to modern levelized-cost-of-electricity comparison methods
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Stanisław Ulam🔑
1909–1984
Stanisław Ulam
Researcher
💡 Co-invented the Monte Carlo method, the statistical simulation technique standard for probabilistic risk analysis of energy projects and reserve estimation
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Joel Dean🔑
1906–1979
Joel Dean
Researcher
💡 Founded modern capital budgeting theory, establishing discounted cash-flow methods (NPV, IRR) as the standard for evaluating long-lived investment projects
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Morris A. Adelman🔑
1917–2014
Morris A. Adelman
Researcher
💡 Established modern petroleum economics, showing oil and gas reserves function as economically managed inventories rather than fixed geological stocks, and analyzed OPEC cartel behavior
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Alfred E. Kahn🔑
1917–2010
Alfred E. Kahn
Researcher
💡 Founded modern regulatory economics and led the deregulation of the U.S. airline and energy industries as chair of the Civil Aeronautics Board
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Kenneth Arrow🔑
1921–2017
Kenneth Arrow
Researcher
💡 Developed general equilibrium theory under uncertainty and quasi-option value, foundational to real-options analysis of irreversible energy investment
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center
Frank Knight🔑
1885–1972
Frank Knight
Researcher
💡 Established the foundational distinction between measurable risk and unmeasurable uncertainty in economic decision-making
💼 Economics, Policy & Strategy DivisionEnergy Economics & Market Analysis Center