EPRINC/PIRINC Archive – 1944 – 2012


Archive of publications from 1944-2012 (…a work in progress).  Publications from 2013 onwards can be found on the publications page.


EPRINC Presentation: The U.S. Petroleum Renaissance: What Does It All Mean?, 33rd Alaska Resources Development Conference, Anchorage, AK, November 14, 2012

EPRINC Presentation: RFS, the Blend Wall & Refinery Issues, before the Center for Strategic and International Studies (CSIS) Oil Market Study Group, October 15, 2012

EPRINC Presentation: The North American Petroleum Renaissance and Keystone XL–Challenges and Opportunities, Keynote Presentation at Platts Pipeline Conference, Houston, September 20, 2012

EPRINC Presentation: Paradigm Shift: Building Blocks of the North American Petroleum Renaissance and the Role of Natural Gas, International Conference on Hawaii’s Energy Landscape, Honolulu, August 17, 2012

EPRINC Report: Lighting Up the Prairie: Economic Considerations in Natural Gas Flaring, August 31, 2012

Washington Times, Opinion, Ethanol’s hidden gasoline tax – Mandatory biofuels will increase fuel and repair costs (link to external site), May 7, 2012

EPRINC Presentation: Keeping Our Options Open: Markets for Canadian Crude and the Pipeline Dilemma, before the CERI 2012 conference, Calgary, April 23, 2012

EPRINC Presentation: Flaring in the Oilpatch: Understanding ND Infrastructure, before the Platts Rockies 5th Annual Oil and Gas Conference, Denver, CO, April 12, 2012

EPRINC Presentation: Tight Oil – Possibilities, Challenges, and Policy – Economic, Political and Environmental Issues, before the NCAC 16th Annual Washington Energy Policy Conference, hosted by CSIS, April 3, 2012

EPRINC Testimony: Harnessing American Resources to Create Jobs and Address Rising Gasoline Prices, U.S. House of Representatives, Committee on Natural Resource, March 21, 2012

EPRINC Presentation: The New Superpower : Emerging Supplies of Gas Liquids from the United States, before the Condensate and Naptha Forum, Langkawi, Malaysia, March 15-16, 2012

EPRINC Presentation: Prospects for North American Petroleum Product Exports, before the Third Oil Products Forum Asia, Langkawi, Malaysia, March 13-14, 2012

EPRINC Presentation: Keystone XL Pipeline & the North American Petroleum Renaissance, before the George C. Marshall Institute, Cannon House Office Building, Washington, DC, February 2, 2012

Wall Street Journal, Opinion, Keystone Can Help the Gulf—and the Northeast, January 30, 2012

EPRINC Report: American Fuels – Opportunities and Challenges for the U.S. Refining Industry, January 25, 2012Accompanying EPRINC

EPRINC Presentation: American Fuels – Opportunities and Challenges for the U.S. Refining Industry, January 25, 2012


EPRINC Report: Exports, Imports and Energy Security: Keystone XL Pipeline and the Role of Canadian Oil Sands, December 21, 2011

EPRINC Presentation: Bakken Production, Infrastructure, and Implications, before the Center for Strategic International Studies (CSIS), Washington, DC, December 7, 2011

EPRINC Report: North America’s Strategic Loss: Keystone XL Pipeline and the High Cost of the American Regulatory Regime, as published in the Canadian Energy Research Institute’s journal, Geopolitics of Energy, November-December 2011, Volume 33, Issue 11&12

EPRINC Report: The Building Blocks of the North American Petroleum Renaissance, as published in the Oxford Energy Forum,Issue 86, page 13, November, 2011

Wall Street Journal, Opinion, The Keystone Debacle, November 16, 2011

EPRINC Presentation: Downstream Opportunities in Kurdistan, before the CWC Kurdistan-Iraq Oil and Gas 2011 conference, Erbil, Iraq, November 13, 2011

Wall Street Journal, Opinion, Lessons of the Shale Gas Revolution, September 30, 2011

EPRINC Presentation: Panel Discussion on Energy Security and Keystone XL Pipeline, Woodrow Wilson Center, Washington, DC, September 21, 2011

In Memory of Kunihiko Matsuo, September 14, 2011

EPRINC Report: The Bakken Boom: An Introduction to North Dakota’s Shale Oil, August 3, 2011

EPRINC Report: The Bakken Boom: An Introduction to North Dakota’s Shale Oil (Japanese Version), August 3, 2011

EPRINC Presentation: What is the Value of the Canadian Oil Sands (…to the United States), before the Oil Sands Heavy Oil Technologies Conference, Calgary, July 20, 2011

EPRINC Presentation: Iraq’s Ambition, before the Aspen Institute Forum on Global Energy Markets in a Time of Political Change, Aspen, CO, July 14-17, 2011

EPRINC Report: Natural Gas Industry Fakes the Moon Landing, July 1, 2011

Wall Street Journal, Opinion, Future Oil Supplies Can Lower Prices Today, June 2, 2011

EPRINC Presentation: The Bakken Boom: Bakken Shale Output-Supply Implications for North Dakota, before the New York Energy Forum, May 19, 2011

EPRINC testimony before the House Committee on Energy & Commerce:  The American Energy Initiative: Challenges and Opportunities for Alternative Transportation Fuels and Vehicles, May 5, 2011

EPRINC Report: Iraq’s Ambitious Production Aims Supported by Progress in Oil Fields, May 2, 2011 (Adapted from an article published in the May 2, 2011 edition of Oil & Gas Journal)

EPRINC Presentation: “Oil Sand Imports to PADD III, WTI Discounts and Logistics, and Rising US Production:
How does the lack of clarity in Washington create
distortions and uncertainty in oil markets and logistics in the United States?” A presentation before the Canadian Energy Research Institute
, April 4, 2011

EPRINC Presentation: “Quantitative Easing: Jekyll or Hyde?” A presentation before the Independent Lubricant Manufacturers Association (ILMA), 2011 Management Forum, April 1, 2011

EPRINC testimony before the House Committee on Foreign Affairs:   Hearing on Rising Oil Prices and Dependence on Hostile Regimes: The Urgent Case for Canadian Oil, March 31, 2011

EPRINC testimony before House Committee on Energy and Commerce:  Hearing on The American Energy Initiative:  Oil supplies, Gasoline Prices, and Jobs in the Gulf of Mexico, March 17, 2011

The Cost of Banning No. 6 Oil in New York CityFebruary 23, 2011

EPRINC presentation “Blowout at the Macondo Well,” for Offshore Magazine’s Webcast: “Building an Emergency Spill Response System,”January 11, 2011


EPRINC presentation: “Blowout at the Macondo Well,”  before the Royal Institute for International Affairs (Chatham House), London,December 1, 2010

EPRINC presentation: “Iraq’s Ambition: What is the Role of Natural Gas?”  at  Iraqi Petroleum 2010 Conference, London,November 30, 2010

The Value of the Canadian Oil Sands (to the United States),November 29, 2010

A Primer on the Canadian Oil Sands, November 23, 2010

EPRINC Presentation before the Global Leadership Conference: “Danger Ahead” (Or How Not to Transition to the Fuels of the Future), Detroit, Michigan, October 7, 2010.

Offshore Drilling: An Argument in its Defense, an EPRINC report published Eni’s Oil Tabloid, September, 2010

EPRINC presentation on Energy Security before the Shanghai Academy of Social Sciences and Pudong Institute for the U.S. Economy,  Shanghai August 27, 2010

The Blowout and the Deepwater Moratorium…..putting the spill in perspective July 2, 2010

EPRINC Presentation before the Clingendael Institute, “Blowout in the Gulf: Cost, Benefits, and Energy Security.” The Hague, July 1 2010

Proposed Agenda for the National Commission on the BP Deepwater Horizon Oil Spill – An EPRINC Briefing Memorandum   June 21, 2010

Oil Spill in the Gulf – Who is in Charge?  An EPRINC Briefing Memorandum   June 3, 2010

Iraq Development Plan Breaks New Ground – As Published in World Oil   May, 2010

Iraq’s Huge Ambition – 12 million barrels per day – Is it possible?  A presentation by Stan Harbison at the New York Energy Forum   April 28, 2010

Transcript of Lucian Pugliaresi’s presentation at the Middle East Policy Center’s symposium: “Gulf Oil and Gas: What are the Producers Thinking?” Washington, DC,  April 22, 2010

Implementation and Pricing Risks to Climate Control Programs, a presentation by Lucian Pugliaresi, April 8, 2010

Iraq – First Look: An Assessment of the December 2009 Iraqi Oil Auction – The first in a series of EPRINC reports on the Iraqi petroleum sector and its implications for the world oil market  March 17, 2010

EPRINC Presentation on Heavy Oil and the US Refining Industry before the Energy Council,  Center for Legislative Energy and Environmental Research (CLEER), United States Energy Association, the Ambassador to Venezuela and the Venezuelan Ambassador
to the United States, Washington, D.C.
  March 4, 2010

The Future of the U.S. Refining Industry – Why Climate Legislation is (more) Bad News for the Refining Sector, A Presentation Before the Energy Forum, New York  February 22, 2010

“The Shale Gas Revolution,” Presentation before the Japanese Petroleum Industry, Tokyo – JAPANESE VERSION  February 2, 2010

“The Shale Gas Revolution,” Presentation before the Japanese Petroleum Industry, Tokyo  February 2, 2010

EPRINC Presentation before the Annual Meeting of the Transportation Review Board of the National Academy of Sciences, Session on Renewable FuelsJanuary 11, 2010


EPRINC presentation at the 13th Columbian Petroleum Congress and Columbia Oil and Gas Show, Bogota December 2, 2009

EPRINC Presentation before Annual Meeting of the International Association of Drilling Contractors, Miami November, 2009

The American Clean Energy and Security Act: An EPRINC Assessment of Capacity and Employment Losses in the Domestic Refining Industry – As published in the Oil and Gas Journal, November 23, 2009

The American Clean Energy and Security Act: An EPRINC Assessment of Capacity and Employment Losses in the Domestic Refining Industry November, 2009

The American Clean Energy and Security Act: An EPRINC Assessment of Capacity and Employment Losses in the Domestic Refining Industry – Executive Summary November, 2009

Presentation by Lucian Pugliaresi at the Oil and Money Conference, London October, 2009

Presentation by Lucian Pugliaresi before employees and senior leadership of the Alyeska Pipeline Service Company, Anchorage, Alaska September 29, 2009

Congressional Staff Briefing on Policy Choices for the U.S. Oil and Gas Industry – Luncheon Workshop for Congressional Staff – September 28, 2009 – The Rayburn House Office Building

Lucian Pugliaresi – EPRINC – How Might Higher Oil and Gas Taxes Affect U.S. Energy Security?

Michelle Michot Foss – Center for Energy Economics – University of Texas at Austin, Bureau of Economic Geology – Natural Gas Market, Technology Views

Dr. Van Romero – New Mexico Tech University
– Research and Development Programs and the Oil and Gas Industry

Press Release: Luis Giusti, former Chairman and CEO of PDVSA, is joining EPRINC’s Board of Trustees August 2009

Russian Gas to Europe, Part Deux. August 2009

Do Higher Oil and Gas Taxes Pose a Threat to U.S. Energy Security?  An EPRINC Assessment of the Administration’s Proposed Tax Policies Regarding the Domestic Petroleum Industry August 2009

A Primer on the Renewable Fuel Standard July 2009

Presentation by Lucian Pugliaresi before the Forum on Global Energy, Economy and Security, Aspen InstituteJune 2009

A Primer on Gasoline Blending June 2009

Press Release: Dan Nelson, former elected officer of the Exxon Mobil Corporation, is joining EPRINC’s Board of Trustees June 2009

Cash for Guzzlers May 2009

Gazprom, Is It Time to Hit the Reset Button? March 2009

Will the Ethanol Mandate Drive Up the Cost of Transportation Fuels? February 2009

Presentation by Lucian Pugliaresi and Guy Caruso before Japanese petroleum and business leaders, hosted by the Japan Oil, Gas, and Metals Corporation (JOGMEC), Tokyo.January 2009

Presentation by Lucian Pugliaresi and Guy Caruso before Japanese petroleum and business leaders, hosted by the Japan Oil, Gas, and Metals Corporation (JOGMEC), Tokyo(Japanese Language Version). January 2009


The U.S. Refining Industry: Background and Perspective for Policy Makers December 2008

The Lies We’ve Been Told (or How Not to Transition to the Fuels of the Future), Presentation at the Institute of Economic Studies, University of Iceland, Reykjavik,  December 10, 2008.December 2008

Presentation by Lucian Pugliaresi to the National Research Council of the National Academies, Committe on Earth Resources, November 18 2008. November 2008

Press Release: Former EIA Administrator Guy Caruso Joining the Board of Trustees of EPRINC, November 12, 2008November 2008

Presentation by Lucian Pugliaresi at the Muskie School of Public Service, University of Southern Maine, Portland, October 29, 2008. October 2008

Silent disruption limiting oil supply – as it appears in the July 7 issue of the Oil & Gas Journal. July 2008

Silent disruption limiting oil supply – a printable version of the article that appeared in the July 7 issue of the Oil & Gas Journal. July 2008

Impact of a National Carbon Emission Cap and Trade Program on the US Petroleum Industry. July 2008

Presentation given to U.S. Senate Staff on world petroleum markets and refined oil products. June 2008

A report on the EPRINC-EIA Ethanol Roundtable Discussion that took place on April 15th. June 2008

Jane Van Ryan interviews Lucian Pugliaresi on the structure of the world oil market. (Podcast) May 2008

Testimony of Lucian Pugliaresi before the House of Representatives Committee on Judiciary, May 7, 2008.

Ethanol Mandate 2008, An EPRINC-EIA Roundtable Discussion. April 2008

On April 11, 2008, EPRINC provided a briefing on Capitol Hill on the structure of the upstream and downstream petroleum markets. This is the powerpoint from that briefing. April 2008

“A Series of Unfortunate Events.” March 2008

Interview of EPRINC’s President, Lucian Pugliaresi, in Oil&Energy, January 2008

An extended version of the interview can be found at the Oil&Energy Website, January 2008


Energy System Limits Future Ethanol Growth. as it appears in O&G Journal November 2007

Energy System Limits Future Ethanol Growth, printable version November 2007

Energy Tomorrow podcast with Lucian Pugliaresi. November 2007
Jane Van Ryan of the American Petroleum Institute’s Energy Tomorrow broadcast series interviews EPRINC’s president, Lucian Pugliaresi, and Rayola Dougher, senior economic advisor to API,  on recent developments in global world oil supplies and trends in gasoline prices.

Wisconsin Public Radio podcast with Lawrence J. Goldstein,November 2007 Is the U.S. economy headed toward recession? That’s the question for the seven o’clock hour, as Joy Cardin and her guest,Lawrence J. Goldstein, Economist, and Director of the Energy Policy Research Foundation, Washington, DC., discuss the near 100-dollar per barrel price of crude-oil.

Study forecasts US fuel demand for next decade. October 2007

Where is the US Motor Fuels Market Headed? July 2007

Cellulosic Ethanol Roundtable Presentation July 2007

The Silent Disruption May 2007

Power Point Presentation at LSU Conference, “Alternative Energy 2007? April 2007

Ethanol II: Is Home-Grown Fuel Policy Undermining U.S. Energy Security? April 2007


Why Do Oil Prices Jump So High When Supply Glitches Occur? November 2006

Does the Hubbert Method Provide a Reliable Means of Predicting Future Oil Production? October 2006

Update on Ethanol. July 2006

Rising Gasoline Prices: Made in the USA. May 2006

Responding to Higher Prices. March 2006

Gasoline Prices: Balancing Supply and Demand. January 2006


Lessons From the Hurricanes November 2005

Look Before You Leap, Don’t Cut the Gasoline Tax. August 2005

Energy Policy: A Few Steps Forward. August 2005

Congressional Action to Mandate Use of MTBE In Spite of Known Risks. June 2005

A Second Look at Nuclear Power. June 2005

An Introductory Survey of Economics and Nuclear Energy.June 2005

The Diesel Car: A Beautiful Swan Abroad, An Ugly Duckling At Home. March 2005

ONE SIZE FITS ALL? Or, If The Shoe Pinches Should You Still Wear It? February 2005


Using the SPR: Issues and Lessons from Recent History.December 2004

Refining Capacity, Challenges and Opportunities Facing the U.S. Industry. August 2004


Oil and the Other Commodities. April 2004

MTBE at Center Stage. January 2004


The SPR, the Royalty in Kind Program, and Oil Prices. August 2003

Going Where the Oil is, This report first considers countries where the lion’s share of the world’s oil production and reserves are located and relates them to their rankings within certain World Bank governance indicators. The report then focuses on the challenges facing companies operating in environments where governance practices are far from ideal. The issue of corporate responsibility in such circumstances is discussed as well as the efforts of corporations and governments to deal with it. July 2003

Energy Supply Prospects and Politics: Focus on Alaska. April 2003

Larry Goldstein: live interview with National Public Radio. (NPR) February 2003

The Heat Is On. February 2003


Energy Supply Risk: Perspectives in Light of Venezuelan.December 2002

Energy This Winter: Prospects and Risks for the Northeast.November 2002

Once Again Iraq End Game? Mate? September 2002

A Window for Precautionary Action on Oil. In April, a PIRINC senior executive responded informally to a request to assess oil market implications of certain ?what if? scenarios regarding a possible U.S. led attack on Iraq. He was later asked by several U.S. government officials to put his views on paper. This briefing paper was prepared in response to this request. August 2002

Iraqi Oil: A Love/Hate Relationship. June 2002

Refining Concentration and Industry Dynamics. April 2002


MTBE, Ethanol – Sorting Through the Oxygenate Issues.December 2001

Buy Insurance When It’s Cheap: Add to the SPR Now. October 2001

It’s All Connected: Natural Gas, Electricity, Heating Oil And Gasoline. July 2001

Beyond Kyoto-What the World Needs Now. May 2001

California’s Electricity Woes and The Potential Impact On The Refining Industry. May 2001

Energy Policy: Keeping Supply, Demand, and Time in Perspective. May 2001

If Not Kyoto, What Next? April 2001

Directions Towards A Balanced Energy Policy. February 2001

Oil Industry Developments: Stresses and Responses, The report reviews different aspects of the industry response to the market developments of past year and discusses implications for the future. January 2001


Factors Affecting World Oil Prices to the Year 2000 – 1977

Annual Average Estimated Sales Price of Arabian Light Crude Oil (1969-1980) – 1977

The Legitimization of OPEC – 1977

Short Term World Oil Outlook After Caracas – December 29, 1977

The Outlook for Petroleum to 1980 – December 7, 1977

Quarterly Analysis of Petroleum Supply, Demand and Prices: Third Quarter 1977 – October, 1977

U.S. Oil Supply and Demand to 1990 – October, 1977

U.S. Oil Supply and Demand to 1990 – October, 1977

Caribbean Export Refineries and the Regional Petroleum Reserve – October 21, 1977

The Role of Petroleum in the U.S. Trade Balance – October 11, 1977

Natural Gas Prices – A Proposed Compromise Solution – September, 1977

Overview of Trends in U.S. Government Policy Toward Refinery Expansion Incentives and Residual Fuel Oil Entitlement Treatment – August 12, 1977

SPRO File – Regional Reserves – August 8, 1977

Can the Goal of the Administration’s National Energy Plan Be Met? – August 1, 1977

The Question of Exporting Alaskan Crude Oil – May 9, 1977

Shares of Heating Fuels in New One-Family Homes (Total U.S.) – April, 1977

Statement on Strategic Petroleum Reserves – February 4, 1977

Vertical Divestiture and OPEC – January, 1977

Distillate Fuel Oil in Mid Winter – January 26, 1977

The OPEC Price Increase – January 12, 1977


Residual (Industrial) Fuel Oil Supply and Demand for the Current Import Quota Year – December 30, 1963

The Future of Heavy Fuel Oil – November 9, 1963

Oil Imports Restrictions and the Rise in East Coast Power Production – October, 1963

Comments – October 1, 1963

Demand Elasticity of Oil and the Misallocation-of-Resources Theory – September, 1963

Residual Fuel Oil and Its Competitors – May, 1963

The Tax Burden of the Domestic Oil and Gas Industry – March, 1963

Comments on Report of Sub-Committee No. 4, Select House Committee on Small Business, “Small Business Problems Created by Petroleum Imports” – February 2, 1963 


Questions and Answers Following John H. Lichtblau’s Statement Before The Senate Finance Committee on the Trade Expansion Act of 1962 – 1962

The Future of Heavy Oils – November 9, 1962

Oil Markets and Energy Problems on the U.S. East Coast – August 17, 1962

Statement of John H. Lichtblau, Research Director, The Petroleum Industry Research Foundation, Inc. Before the Senate Finance Committee of the U.S. Senate – July 30, 1962

Comments on the Petitions filled by The American Maritime Association and the Committee of American Tanker Owners – June 28, 1962

Statement of John H. Lichtblau, Research Director, The Petroleum Industry Research Foundation, Inc. Before The Ways and Means Committee, U.S. House of Representatives – March 22, 1962


America’s Foreign Oil Trade – A Historic Review – June 29, 1961

Statement Presented Before the House Labor Committee’s Subcommittee On the Impact of Foreign Trade on Domestic Employment, June 19-20, 1961

The Consumer’s Stake in Residual Fuel Oil – February 20, 1961


The Need for Raw Material Imports – November 10, 1958

The Soviet Propaganda War Against Western Oil Operations – September 4, 1958


Oil and the Common Market

Oil Imports and the National Welfare – December 31, 1957

Middle East Spotlights – November 11, 1957

Latin America – May 15, 1957

Europe and French Africa – February 28, 1957


The Middle East – December 11, 1956

The Role of Oil in the Soviet Economy – October 15, 1956

The European Oil Market – Past, Present and Future – July 6, 1956

World Resource Developments – May 29, 1956

World Resource Developments – April 6, 1956

World Resource Developments – February 29, 1956

World Resource Developments – January, 1956


World Resource Developments – October/November, 1955

World Resource Developments – September, 1955

World Resource Developments – August, 1955

World Resource Developments – July, 1955

World Resource Developments – June, 1955

World Resource Developments – May, 1955