To either close deals or resolve disputes, parties and courts must be able to attach a credible economic value to water that may still be underground in the aquifer. In this brief, fellow Gabriel Collins proposes a means of estimating this value that opens the door for a direct comparison of the implied price paid for groundwater in a land purchase transaction and the price paid for an explicit agreement to acquire only the groundwater estate beneath a tract.
As China’s demand for light oil products continues to drive incremental consumption growth, it is becoming apparent that commodities framed as “oil products” are increasingly not actually made from crude oil. Fellow Gabriel Collins explores the possible ramifications of this situation in this issue brief. He writes that oil producers — whether in Riyadh, Moscow or the Permian Basin — should take stock of how China’s growing use of “oil products” that do not actually come from crude oil may translate into effective reductions in demand and prices for the crude oil they produce.
This brief quantifies the potential exposure of key European countries to Russian gas price and supply manipulation, shows how Moscow has used energy as an instrument of coercive diplomacy since the early 1990s, and briefly assesses the impacts and future policy implications of Russian entities’ past use of the “energy weapon” in and near Europe.
Although it has not been widely successful to date in the former Soviet zone, Russia's use of the energy weapon against Western European countries in various forms still constitutes a strategic threat that warrants close attention from policymakers in Washington and throughout Europe, writes fellow Gabriel Collins.
On March 28, 2017, Energy Dialogues organized an event co-hosted with Shell at the Shell Woodcreek Campus in west Houston in which participants from across the oil and gas sector engaged in discussions that centered on three themes: economy, environment, and coalition-building. This report summarizes the day's discussions.
To gain public support for Mexico’s energy reforms, the government promised a future of low gas prices. The author documents the fallout when gas prices instead shot up 20 percent.
The extent of fuel theft from pipelines in Mexico is now so great that it is becoming a serious financial burden for state-owned petroleum company Pemex and, more broadly, may pose a challenge to the implementation of policies designed to liberalize Mexico's gasoline market, writes postdoctoral fellow Adrian Duhalt.
Recent academic research has shown that startup training institutions can greatly increase the number of startup firms receiving seed and early-stage venture capital for the first time. In this paper, the authors examine the startup training institutions in Houston, and what they are doing to open up the city’s pipeline of startups.
Edward J. Egan, Benjamin J. Baldazo, Dylan T. DickensMay 31, 2017
One of the goals of Mexico's energy reform was to create a regulatory system that would foster competition in a very complex political environment. This framework, known as "coordinated regulatory bodies," was established in Article 28 of the Constitution and is intended to oversee and regulate the hydrocarbons sector. This paper conducts a legal analysis of this new model of regulation and seeks to determine whether its implementation strengthens the rule of law in Mexico.
The authors investigate two plausible causes for the significant price discount of U.S. crudes during the U.S. “shale boom” and evaluate how much each mattered.