Hydrogen Strategic Complement of Oil, Coal, Gas and Renewable Energy
Edward H. Jiménez, Esteban Jiménez Chacón
Journal of Economics, Management and Trade · pp. 400–419 · Published 21 Dec 2013
10.9734/BJEMT/2014/5042Abstract
Aims: The main objective of this study is to demonstrate the technical and economic future of hydrogen energy compared to oil. Study Design: Simulation and Game Theory. Place and Duration of Study: This research was developed during 2012 in public company EP Petroecuador and National Polytechnic School in Quito, Ecuador, and December of 2012 in COSMOOIL-JOGMEC, Japan. Methodology: Strategies of global energy game should guide the future energy world. These strategies can be realized by managing flexibility price with Real Options Theory and produced quantity by using Nash equilibrium in cooperative industrial systems. We can calculate hydrogen volume that should exist in the global energy marketing in order to keep "petroleum status quo". Results: Hydrogen Investment is the future business! Conclusion: Although hydrogen was not properly understood as an alternative energy, it has emerged as strategic complement of oil in recent times. In this sense, we introduce the need for Tobin q*. It was modified for oil and hydrogen projects. Furthermore, q* permit us to maximize profitability and minimize risk simultaneously.
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