EPRINC and Macroeconomic Advisers Initiate Assessment of US Oil Price DeclineEPRINC and Macroeconomic Advisers are undertaking an assessment of the broad consequences to U.S. investment and economic growth from the rapid decline in oil prices. The attached paper by Joel Prakken of Macroeconomic Advisers examines two important forces at work from the oil price decline — the expansion of the national economy and the concurrent reduction in investment in oil and gas extraction. The report concludes that the U.S. will likely see an expansion of economic growth, but it is attenuated by about one-third from lower investment in the U.S. petroleum industry.
Presentations from the Embassy Series event at the Japanese Ambassador’s Residence: Cleantech Policy in an Age of Energy AbundanceRead More
Below are the presentations from the EPRINC Embassy Series event, “Cleantech Policy in an Age of Energy Abundance”, that took place at the Japanese Ambassador’s Residence on October 27.
The Strategic Petroleum Reserve: Policy Challenges in Managing the Nation’s Strategic Oil StockRead More
A report by John Shages, Deputy Assistant Secretary for Petroleum Reserves, at the Department of Energy between 2003-2007. He is a guest author for the Energy Policy Research Foundation.
RINs Around the Rosy App Available for iPhone and iPadRead More
EPRINC’s RFS compliance calculator has been released as a free download on Apple’s App Store. Now you can model various RFS and refined product market scenarios until your thumbs fall off. The app is optimized for iPhone 5/5s and compatible with iPad.
Presentations from Russian Embassy Event Posted
On December 6, EPRINC hosted an event at the Russian Embassy featuring presentations on and a discussion of long-term global energy trends from a Russian perspective. Russian Energy Minister Alexander Novak provided opening remarks which were followed by presentations by Professor Leonid Grigoryev, Chief Advisor to the President, Analytical Center for the Government of the Russian Federation, and Dr. Tatiana Mitrova, Head of the Oil and Gas Department at the Energy Research Institute of the Russian Academy of Sciences. The presentations covered the Analytical Center’s global energy outlook through 2040 as well as energy challenges and opportunities facing Russia and its economy. The event concluded with a panel discussion featuring EIA Administrator Adam Sieminski and former EIA Administrator and current EPRINC board member Guy Caruso.
The presentations from the event can be downloaded from inside this post.
The full outlook can be downloaded from the Russian Academy of Science’s website: http://www.eriras.ru/files/Global_and_Russian_energy_outlook_up_to_2040.pdf
EPRINC’s North American Infrastructure Report Released
“Pipelines, Trains and Trucks: Moving Rising North American Oil Production to Market” can be downloaded below. The report covers the midstream sector’s adaptation to rising North American crude oil production, the impact on the upstream and midstream, as well the opportunities and challenges facing both industry and regulators.
Wyoming at the Crossroads of the Boom
A presentation by Trisha Curtis before the Wyoming Pipeline Authority on October 15, 2013.
The Mortar is Nearly SetRead More
EPRINC has released a new report which examines Renewable Fuels Standard (RFS) compliance options and costs as volumetric mandates rise in 2014.
Supplemental slides can be downloaded here.
Testimony on EPA/RFS, recent presentations by EPRINC staffRead More
Lou Pugliaresi testified at a hearing on June 5 before the House of Representatives’s Committee on Oversight & Government Reform. The hearing was entitled “Up Against the Blend Wall: Examining EPA’s Role in the Renewable Fuel Standard.”
The Oxford Energy Forum of the Oxford Institute of Energy Studies has recently published an article by EPRINC’s President, Lucian Pugliaresi, on Latin American petroleum development.
The Energy Policy and Conservation Act of 1975: Are We Positioning America for Success in an Era of Energy Abundance?
The heart wants what the heart wants, but like the Shadow, the market knows what the market knows, and markets are impatient. The next formal OPEC meeting is in June and there are some who believe that OPEC will wait until then to deal with the imbalance in the market between supply and demand. OPEC may want to wait but it will be the price set in the market that will dictate this calendar.