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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Hydrocarbon Infrastructure and Transportation

James B. Bushnell, Ryan Kellogg, and Erin T. Mansur, Organizers

July 19, 2015

Skyline Room
Royal Sonesta Hotel
40 Edwin Land Boulevard
Cambridge, MA

PROGRAM

Sunday, July 19
10:00 am	Opening remarks
10:15 am	Frank A. Wolak, Stanford University and NBER Proposal to NBER Economics of Hydrocarbon Infrastructure and Transportation Project
	Thomas Covert, University of Chicago Ryan Kellogg, University of Michigan and NBER Crude by Rail, Option Value, and Railroad Market Power
	James B. Bushnell, University of California at Davis and NBER Jonathan E. Hughes, University of Colorado at Boulder Aaron Smith, University of California at Davis Are Railroad Bottlenecks a Second Front in the Battle of Food vs. Fuel?
	Charles Mason, University of Wyoming Analyzing Transport Options for Crude Oil
12:00 noon	Lunch
1:30 pm	Shaun McRae, University of Michigan Crude Oil Price Differentials and Pipeline Infrastructure
	Evan M. Herrnstadt, University of Michigan Richard Sweeney, Harvard University Pipeline Incidents, Prevention Effort, and Local Aversion to Infrastructure Expansion
	Karen Clay, Carnegie Mellon University and NBER Akshaya Jha, Stanford University Nicholas Muller, Middlebury College and NBER Economics and Externalities of Moving Crude Oil by Pipelines and Railroads: Evidence from the Bakken Formation
2:45 pm	Break
3:15 pm	Erich Muehlegger, University of California at Davis and NBER Richard Sweeney, Harvard University The Fracking Boom, U.S. Oil Export Ban and Re
	Nida Cakir Melek, Federal Reserve Bank of Kansas City Michael Plante, Indiana University Mine Kuban Yucel, Federal Reserve Bank of Dallas A Macroeconomic Analysis of the U.S. Crude Export Ban
	Christiane J.S. Baumeister, Bank of Canada Lutz Kilian, University of Michigan Crude Oil, Gasoline, Ethanol and Corn: Four Markets, Three Markets, Two Markets or One?
4:30 pm	Wrap-up
5:00 pm	Adjourn
6:00 pm	Dinner at Catalyst, 300 Technology Square, Cambridge