a. Given the available capacity in the network, how much gas can be shipped from Katy to Leidy? From Katy to Joliet? b. How much gas should Bruce offer to sell to Joliet and Leidy if he wants to maximize profits? c. Is Bruce able to meet all the demand from both customers? If not, why not? d. If Bruce wanted to try to pay more to obtain additional capacity on some of the pipelines, which ones should he investigate and why? Figure 5.46 The United States is the biggest consumer of natural gas, and the second largest natural gas producer in the world. According to the U.S. Energy Information Administration (EIA), the United States consumed 22.7 trillion cubic feet of natural gas in 2001. Stemming from phased deregulation, the transportation and delivery of natural gas from wellheads has grown since the 1980s, and there are now more than 278,000 miles of gas pipeline nationwide. With more electric power companies turning to natural gas as a cleaner-burning fuel, natural gas is expected to grow even more quickly over the next 20 years. To ensure an adequate supply of natural gas, gas storage facilities have been built in numerous places along the pipeline. Energy companies can buy gas when prices are low and store it in these facilities for use or sale at a later date. Because energy consumption is influenced greatly by the weather (which is not entirely predictable), imbalances often arise in the supply and demand for gas in different parts of the country. Gas traders const
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a. Given the available capacity in the network, how much gas can be shipped from Katy to Leidy? From was first posted on June 29, 2020 at 7:01 am.
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