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

Conference Code of Conduct

Tuesday, May 23
Transporting Hydrocarbons
Supported by the Alfred P. Sloan Foundation
James B. Bushnell, Ryan Kellogg, and Erin T. Mansur, Organizers
7:30 am
Continental Breakfast
8:45 am
Welcome and Introductions
9:00 am

Crude by Rail, Option Value, and Railroad Market Power
9:45 am

Regulation by Price Benchmarks: Protecting Small Shippers from the Exercise of Railroad Market Power
10:30 am
Break
10:45 am

Food vs. Fuel? Impacts of Petroleum Shipments on Agricultural Prices
11:30 am

Analyzing Transport Options for Crude Oil
12:15 pm
Lunch -- West Wing Room
Panel
Howard Gruenspecht, Energy Information Agency, U.S. Department of Energy
Paul Joskow, Alfred P. Sloan Foundation
Richard Newell, Resources for the Future
2:00 pm

Crude Oil Price Differentials and Pipeline Infrastructure
2:45 pm

What Lies Beneath: Pipeline Awareness and Aversion
3:30 pm
Break
3:45 pm

The Social Cost from Moving Crude Oil by Pipelines and Railroads: Evidence from the Bakken
4:30 pm

Competition and Pass-through of Input Cost Shocks: Evidence from the U.S. Fracking Boom
5:15 pm

A Macroeconomic Analysis of Lifting the U.S. Crude Oil Export Ban
6:00 pm
Adjourn
6:30 pm
Group Dinner at the Almas Temple-West Wing Room
Wednesday, May 24
Economics of Energy Markets
Supported by the U.S. Department of Energy and the National Science Foundation
Meredith Fowlie and Christopher R. Knittel, Organizers
8:00 am
Continental Breakfast
8:30 am

Evaluating a Discretionary Safety Valve:
The Economic and Environmental Impacts of Waiving Fuel Content Regulations in Response to Supply Shocks
9:15 am

Did the Renewable Fuel Standard Shift Market Expectations of the Price of Ethanol?
10:00 am
Break
10:15 am

The Costs of Inefficient Regulation: Evidence from the Bakken
11:00 am

Heterogeneous Misperceptions of Energy Costs: Implications for Measurement and Policy Design
11:45 am
Lunch -- West Wing Room
1:00 pm

Household Discount Rates and Net Energy Metering Incentives for Rooftop Solar Adoption
1:45 pm

The Incidence of Carbon Taxes in U.S. Manufacturing: Lessons from Energy Cost Pass-Through
2:30 pm
Break
2:45 pm

Optimal Network Tariffs for Renewable Electricity Generation
3:00 pm

Informing SPR Policy Through Oil Futures and Inventory Dynamics
4:15 pm
Adjourn