Ryan Kellogg
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View article: Drilling Deadlines and Oil and Gas Development
Drilling Deadlines and Oil and Gas Development Open
Oil and gas leases between mineral owners and extraction firms typically specify a date by which the firm must either drill a well or lose the lease. These deadlines are known as primary terms. Using data from the Louisiana shale boom, we …
View article: Impacts of the Jones Act on U.S. Petroleum Markets
Impacts of the Jones Act on U.S. Petroleum Markets Open
We study how the Jones Acta 100-year-old U.S. regulation that constrains domestic waterborne shippingaffects U.S. markets for crude oil and petroleum products.We collect data on U.S. Gulf Coast and East Coast fuel prices, movements, and co…
View article: Developmental venous anomaly thrombosis in a patient with coronavirus disease 2019-associated hypercoagulability: illustrative case
Developmental venous anomaly thrombosis in a patient with coronavirus disease 2019-associated hypercoagulability: illustrative case Open
BACKGROUND Spontaneous thrombosis of a developmental venous abnormality (DVA) is a rare complication associated with hypercoagulability. The objective of this case report is to describe an association between DVA thrombosis and mild corona…
View article: The Economics of Time-Limited Development Options: The Case of Oil and Gas Leases
The Economics of Time-Limited Development Options: The Case of Oil and Gas Leases Open
Oil and gas leases between mineral owners and extraction firms ubiquitously include royalty and primary term clauses.The royalty denotes the share of revenue that is paid to the mineral owner, and the primary term specifies the date by whi…
View article: Output and Attribute-Based Carbon Regulation Under Uncertainty
Output and Attribute-Based Carbon Regulation Under Uncertainty Open
Output-based carbon regulations-such as fuel economy standards and the rate-based standards in the Clean Power Plan-create well-known incentives to inefficiently increase output.Similar distortions are created by attribute-based regulation…
View article: Environmental Consequences of Hydrocarbon Infrastructure Policy
Environmental Consequences of Hydrocarbon Infrastructure Policy Open
The U.S. shale boom has profoundly increased crude oil movements by both pipelines-the traditional mode of transportation-and railroads.This paper develops a model of how pipeline investment and railroad use are determined in equilibrium, …
View article: Gasoline Price Uncertainty and the Design of Fuel Economy Standards
Gasoline Price Uncertainty and the Design of Fuel Economy Standards Open
What are the implications of gasoline price volatility for the design of fuel economy policies? I show that this problem has a strong parallel to Weitzman's (1974) classic model of using price or quantity controls to regulate an externalit…
View article: Gasoline Price Uncertainty and the Design of Fuel Economy Standards
Gasoline Price Uncertainty and the Design of Fuel Economy Standards Open
What are the implications of gasoline price volatility for the design of fuel economy policies?I show that this problem has a strong parallel to Weitzman's (1974) classic model of using price or quantity controls to regulate an externality…
View article: Welfare and Distributional Implications of Shale Gas
Welfare and Distributional Implications of Shale Gas Open
Technological innovations in horizontal drilling and hydraulic fracturing have enabled tremendous amounts of natural gas to be extracted profitably from underground shale formations that were long thought to be uneconomical. In this paper,…