1,721,055 research outputs found
Electricity and a Changing Climate
No full textCenter for Energy Studies senior director Ken Medlock provided an overview of trends in electricity generation by source — from coal and natural gas to wind, solar and biomass — and the role of infrastructure during testimony before the U.S. Senate’s Committee on Energy and Natural Resources on March 5. Includes written testimony and the questions for the record submitted to Medlock, as well as his answers
Global Natural Gas Markets: Recent Trends & Emerging Fundamentals
Full text linkA presentation at the Harvard Energy Conference by Center for Energy Studies senior director Kenneth Medlock
U.S. Natural Gas Policy: Recommendations for the President
No full textThe Center for Energy Studies provides policy recommendations for natural gas and energy research and development initiatives. Published as part of the Baker Institute's "2013 Policy Recommendations for the Obama Administration.
The Price of Gasoline: How High for How Long?
No full textHigh gasoline prices have several causes, and long-term solutions will be similarly complex
The Price of Gasoline: How High for How Long? (Revisited)
No full textAn updated look at the cause of and possible solutions for high prices at the pump
U.S. LNG Exports: Truth and Consequence
No full textA decade ago, market players were making large capital investments to facilitate the import to the United States of liquefied natural gas (LNG) from distant locations, such as the Middle East, Africa, and Russia. This was predicted on the consensus at the time that U.S. domestic supply was becoming increasingly scarce. However, innovations involving hydraulic fracturing and horizontal drilling subsequently let to the dramatic growth of domestic production from shale gas. In fact, domestic production growth has been so strong that the U.S. is considered a possible exporter of LNG—an unthinkable notion just a few years ago. This new consensus is fueled by the current reality—one that features abundant supplies and low prices in North America relative to the rest of the world. Importantly, the commercial aspirations of firms that seek to seize the apparent profit opportunity offered by exports run headlong into concerns that allowing exports from the U.S. will force prices up, thereby negatively impacting industrial activity and household budgets. Hence, the issue of allowing LNG exports from the U.S. has entered the political realm. Several groups—such as the U.S. Energy Information Administration, the Deloitte Center for Energy Solutions, and RBAC—have studied the impact of U.S. exports on domestic prices. These studies generally assume a particular volume of LNG exports from the U.S. when assessing the domestic price impact, but they do not allow interaction between domestic and international markets to influence the volume of trade. U.S. LNG exports will occur in a global setting, so it is an international trade issue. Thus, to separate truth from fiction one must apply the appropriate analytical framework grounded in international trade. Specifically, domestic market interactions with the market abroad will determine export volumes and therefore U.S. domestic price impacts. After introducing a basic international trade framework, the consequences of U.S. LNG exports are discussed. This paper argues that (a) the impact on U.S. domestic prices will not be large if exports are allowed, and (b) the long-term volume of exports from the U.S. will not likely be very large given expected market developments abroad. The bottom line is that certification of LNG exports will not likely produce a large domestic price impact, although the entities involved may be exposed to significant commercial risk
The Shale Revolution: What Do We Know and Where Are We Going?
No full textA conference report on "The Shale Revolution: What Do We Know and Where Are We Going?" hosted by the Center for Energy Studies on Oct. 30, 2014
The OCS Leasing Moratorium: Which Way Forward?
No full textLifting restrictions on the Outer Continental Shelf drilling should be part of a larger strategy designed to move the United States toward an economy that is not so dependent on oil and gas
Speculation: A Cause or Symptom? An Important Question for Designing a Policy Remedy
No full textThe influence of speculation on oil price formation is dependent on the market's productive capacity
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