Public finance fellow John Diamond and Rice faculty scholar George Zodrow analyze the short- and long-term economic effects of a federal carbon tax in the United States.
A numerical simulation of the macroeconomic effects of the House Republican Tax Reform plan, using the Diamond-Zodrow model, suggests that its net macroeconomic effects would be positive.
The Center for Energy Studies at Rice University’s Baker Institute for Public Policy and the Qatar Leadership Centre hosted a roundtable on February 15-16, 2017, in Doha, Qatar, to discuss some of the most pressing challenges facing market participants in the global energy landscape, with a focus on several issues of paramount interest to Qatar and the broader Gulf Cooperation Council.
Kenneth B. Medlock III, Jim Krane, Francisco J. Monaldi, Kristian Coates Ulrichsen, Gabriel CollinsSeptember 5, 2017
The relationship between the United States and its Gulf allies has evolved in important ways since President Jimmy Carter’s 1980 declaration of American “vital interests” in the Persian Gulf — the “Carter Doctrine” — and while many circumstances have changed, the rationale for maintaining U.S. protection for Gulf oil supplies remains strong, authors Gabriel Collins and Jim Krane write in this paper.
What happens when Saudi Arabia, the world’s swing producer of oil, rejects its traditional market-balancing role? The job falls to American shale oil producers, which, initial data show, appear to be assuming the Saudi role.
This paper examines the effects of a U.S. Supreme Court ruling that a one-time retroactive British “Windfall Tax” levied on 32 public utilities that were privatized between 1984 and 1996 was eligible for the US foreign tax credit (FTC). The decision could have far-reaching implications for the creditability of taxes that are not ordinarily thought to be income taxes, including various cash-flow business taxes that are key elements of several proposals recommending replacement of the income tax with a consumption-based tax.
Charles E. McLure, Jr., Jack Mintz, George R. ZodrowAugust 20, 2014
There is a curious imbalance in energy markets in the Persian Gulf region: Five of the six Gulf monarchies exhibit shortages in domestic supply of natural gas. Meanwhile, Qatar holds the world's third-largest conventional reserves and is the world's No. 2 gas exporter. Why is Qatar, given its enormous resources and relatively small domestic needs, unwilling to supply gas sufficient to meet its neighbors' demand?
