Tag Archives: oil

Oil price crash shows the challenge of breaking addiction

The price of crude oil has fallen more than 50% since summer and drivers are responding exactly as economists would predict.  Americans are driving more, the market for SUVs is roaring again and the average fuel economy of new cars … Continue reading

Posted in Uncategorized | Tagged , | 13 Comments

Goin’ for Broke in Texas…Protecting the Environment without Slowing Economic Growth

U.S. crude oil production has reached almost 9 million barrels per day, driven by enormous production increases in the Permian, Eagle Ford, and Bakken formations. This is one of the biggest oil booms in history and it is fueling economic … Continue reading

Posted in Uncategorized | Tagged | 1 Comment

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

Posted in Uncategorized | Tagged , , | 1 Comment

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

Posted in Uncategorized | Tagged , , , , | 10 Comments

“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

Posted in Uncategorized | Tagged , , | 15 Comments

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

Posted in Uncategorized | Tagged , , | 3 Comments

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

Posted in Uncategorized | Tagged , | Leave a comment