Electrostatic storage rings operate at very low energies in the keV range and have proven to be invaluable tools for atomic and molecular physics. Because of the mass independence of electric rigidity, these machines are able to store a wide range of different particles, from light ions to heavy singly charged biomolecules, opening up unique research opportunities. However, earlier measurements have shown strong limitations in maximum beam intensity, fast decay of the stored ion current, and reduced beam lifetime. The nature of these effects has not been fully understood and an improved understanding of the physical processes influencing beam motion and stability in such rings is needed. In this paper, a comprehensive study into nonlinear and long-term beam dynamics studies is presented on the examples of a number of existing and planned electrostatic storage rings using the BETACOOL, OPERA-3D, and MAD-X simulation software. A detailed investigation into ion kinetics, under consideration of effects from electron cooling and multiple scattering of the beam on a supersonic gas jet target, is carried out and yields a consistent explanation of the physical effects in a whole class of storage rings. The lifetime, equilibrium momentum spread, and equilibrium lateral spread during collisions with the target are estimated. In addition, the results from experiments at the Test Storage Ring, where a low-intensity beam of ${\mathrm{CF}}^{+}$ ions at $93\text{ }\text{ }\mathrm{keV}/\mathrm{u}$ has been shrunk to extremely small dimensions, are reproduced. Based on these simulations, the conditions for stable ring operation with an extremely low-emittance beam are presented. Finally, results from studies into the interaction of 3--30 keV ions with a gas jet target are summarized.
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