Transporting Hydrocarbons and Economics of Energy Markets
James B. Bushnell, Meredith Fowlie, Ryan Kellogg, Christopher R. Knittel, and Erin T. Mansur, Organizers
May 23-24, 2017
Almas Conference Center, Oval Office Room, 1315 K Street, Washington, DC
| Tuesday, May 23 | ||
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Transporting Hydrocarbons Supported by the Alfred P. Sloan Foundation James B. Bushnell, Ryan Kellogg, and Erin T. Mansur, Organizers |
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| 7:30 am | Continental Breakfast | |
| 8:45 am | Welcome and Introductions | |
| 9:00 am |
Thomas Covert, University of Chicago and NBER Ryan Kellogg, University of Chicago and NBER Crude by Rail, Option Value, and Railroad Market Power |
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| 9:45 am |
Frank A. Wolak, Stanford University and NBER Wesley W. Wilson, University of Oregon Regulation by Price Benchmarks: Protecting Small Shippers from the Exercise of Railroad Market Power |
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| 10:30 am | Break | |
| 10:45 am |
James B. Bushnell, University of California, Davis and NBER Jonathan E. Hughes, University of Colorado at Boulder Aaron Smith, University of California, Davis Food vs. Fuel? Impacts of Petroleum Shipments on Agricultural Prices |
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| 11:30 am |
Charles Mason, University of Wyoming Analyzing Transport Options for Crude Oil |
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| 12:15 pm | Lunch -- West Wing Room | |
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Panel Howard Gruenspecht, Energy Information Agency, U.S. Department of Energy Paul Joskow, Alfred P. Sloan Foundation Richard Newell, Resources for the Future |
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| 2:00 pm |
Shaun McRae, Instituto Tecnológico Autónomo de México Crude Oil Price Differentials and Pipeline Infrastructure |
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| 2:45 pm |
Evan M. Herrnstadt, Congressional Budget Office Richard Sweeney, Boston College What Lies Beneath: Pipeline Awareness and Aversion |
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| 3:30 pm | Break | |
| 3:45 pm |
Karen Clay, Carnegie Mellon University and NBER Akshaya Jha, Carnegie Mellon University and NBER Nicholas Muller, Carnegie Mellon University and NBER Randall Walsh, University of Pittsburgh and NBER The Social Cost from Moving Crude Oil by Pipelines and Railroads: Evidence from the Bakken |
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| 4:30 pm |
Erich Muehlegger, University of California, Davis and NBER Richard Sweeney, Boston College Competition and Pass-through of Input Cost Shocks: Evidence from the U.S. Fracking Boom |
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| 5:15 pm |
Nida Cakir Melek, Federal Reserve Bank of Kansas City Michael Plante, Federal Reserve Bank of Dallas Mine Kuban Yucel, Federal Reserve Bank of Dallas A Macroeconomic Analysis of Lifting the U.S. Crude Oil Export Ban |
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| 6:00 pm | Adjourn | |
| 6:30 pm | Group Dinner at the Almas Temple-West Wing Room | |
| Wednesday, May 24 | ||
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Economics of Energy Markets Supported by the U.S. Department of Energy and the National Science Foundation Meredith Fowlie and Christopher R. Knittel, Organizers |
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| 8:00 am | Continental Breakfast | |
| 8:30 am |
Joseph E. Aldy, Harvard University and NBER Evaluating a Discretionary Safety Valve: The Economic and Environmental Impacts of Waiving Fuel Content Regulations in Response to Supply Shocks |
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| 9:15 am |
Christiane J.S. Baumeister, University of Notre Dame and NBER Reinhard Ellwanger, Bank of Canada Lutz Kilian, Federal Reserve Bank of Dallas Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol? |
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| 10:00 am | Break | |
| 10:15 am |
Gabriel E. Lade, Macalester College Ivan J. Rudik, Cornell University and NBER The Costs of Inefficient Regulation: Evidence from the Bakken |
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| 11:00 am |
Sebastien Houde, HEC Lausanne Erica Myers, University of Calgary and NBER Heterogeneous Misperceptions of Energy Costs: Implications for Measurement and Policy Design |
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| 11:45 am | Lunch -- West Wing Room | |
| 1:00 pm |
Steven E. Sexton Bryan Bollinger, New York University Kenneth Gillingham, Yale University and NBER Household Discount Rates and Net Energy Metering Incentives for Rooftop Solar Adoption |
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| 1:45 pm |
Sharat Ganapati, Georgetown University and NBER Joseph S. Shapiro, University of California, Berkeley and NBER Reed Walker, University of California, Berkeley and NBER The Incidence of Carbon Taxes in U.S. Manufacturing: Lessons from Energy Cost Pass-Through |
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| 2:30 pm | Break | |
| 2:45 pm |
Frank A. Wolak, Stanford University and NBER Thomas P. Tangerås, Research Institute of Industrial Economics Optimal Network Tariffs for Renewable Electricity Generation |
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| 3:00 pm |
Richard G. Newell, Resources for the Future Brian C. Prest, Resources for the Future Informing SPR Policy Through Oil Futures and Inventory Dynamics |
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| 4:15 pm | Adjourn | |