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108 Results
Offshore oil platform at sunrise/sunset
Assessing Shale Producers’ Ability to Scale-up Activity
The oil production targets agreed to at the November 30, 2016, OPEC meeting have created the firmest prospect in the past two years of a meaningful oil price recovery. If WTI prices rise and stabilize in the $60/bbl range, how fast can U.S. shale producers respond? This brief addresses the question and highlights the challenges U.S. unconventional liquids producers will likely face during a scale-up. It also points out price and timing inflection points likely to broadly influence industry decision-making.
Gabriel Collins, Kenneth B. Medlock III January 17, 2017
Shipping Containers
The Macroeconomic Impact of Increasing U.S. LNG Exports
The cumulative impacts of U.S. liquefied natural gas exports is the subject of a new Department of Energy-sponsored study co-authored by Ken Medlock, senior director of the Center for Energy Studies. The study is one of two commissioned by the DOE "to inform [the department's] decisions on applications seeking authorization to export LNG from the lower-48 states to non-free trade agreement countries."
Kenneth B. Medlock III October 29, 2015
To Lift or Not to Lift? The U.S. Crude Oil Export Ban: Implications for Price and Energy Security
This study examines the effects of lifting the 40-year-old U.S. crude export ban on crude pricing, energy security and energy sector investment. It includes a statistical analysis that explains what the relationship would be between the prices of crudes of different qualities in an unconstrained setting, which, according to author Ken Medlock, is important to providing a more accurate assessment of the impact of current U.S. policy.
Kenneth B. Medlock III March 24, 2015
The globe at night, lights in populated areas illuminated
The Shale Revolution: What Do We Know Now and Where Are We Going?
This paper investigates how new potential and proposed regulations will influence the natural gas market in the United States in the coming decades, using the Rice World Gas Trade Model (RWGTM) to examine scenarios in which domestic natural gas development is stressed in a variety of ways. It considers a range of possible policy actions from the federal to the local level.
Kenneth B. Medlock III January 31, 2015
Mexico Flag
Coordinated Regulatory Agencies: New Governance for Mexico's Energy Sector
Energy regulation under Mexico's energy-sector reforms are of great interest to investors, since autonomous regulators—protected from political pressures and able to make and sustain technical decisions—can guarantee greater legal consistency than government authorities exposed to political pressures. The difficulty was finding an alternative model that ensured the institutional strengthening of the agencies without relinquishing too much control of the executive branch.
Miriam Grunstein June 10, 2014