Tag Archives: oil

Shipping oil by rail: A modern-day problem of social cost

While environmental groups and other stakeholders have been working hard to delay – if not derail- major pipeline projects like Keystone, oil companies have been working hard to find alternative ways to get their crude oil to market: A single … Continue reading

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Is an economist allowed to oppose the XL pipeline?

It feels at times as if opposing the XL pipeline requires one to give up their keys to the Energy Institute executive washroom. Chris Knittel has argued that stopping XL would yield  little to no reductions in emissions. Severin Borenstein … Continue reading

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“We’re for Import free trade, just not Export free trade”

• For much of the last 40 years US politicians have railed against the countries of OPEC for restricting exports of oil for their own economic gain. Just 7 years ago, more than a dozen Senators, from both parties, introduced … Continue reading

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Optimal Federalism

Last week Mitt Romney released a new energy plan (available here). The plan includes a proposal to reduce federal oversight of oil and gas drilling on public lands.  National standards for air and water pollution would remain in place, but the … Continue reading

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Moving the Energy Debate Away From Nonsense

For the past few years, the Renewable Fuels Association (RFA) has been claiming that U.S. production of corn ethanol has had massive benefits for consumers by lowering the cost of gasoline at the pump by around $1 per gallon.  If … Continue reading

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The Midwest Oil Glut Hasn’t Lowered Gas Prices; Ending the Glut Won’t Raise Them

Sometime later this week the owners of the Seaway pipeline will announce that they’ve completed the first stage of reversing the flow of oil on the line and have started carrying 150,000 barrels of crude each day from Cushing, Oklahoma … Continue reading

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Speculation is not the cause of high oil prices

Amidst all the political noise on speculation in oil futures markets, some serious researchers have written useful blogposts and op-eds pointing out the lack of evidence that speculation is a cause of the current high oil (and gasoline) prices.  One … Continue reading

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