In 2019, production on federal lands comprised 40% of domestic coal, 22% of domestic oil, and 12% of domestic natural gas production. Currently, the federal fossil fuel leasing program does not consider the climate costs of burning federal fossil fuels. One way to do so is through a climate...

No matter how hard employees work, an organization is in real trouble if strategic decisions are not made effectively. Doing the right things (effectiveness) is more important than doing things right (efficiency). Creating Shared Value to get Social License to Operate in the Extractive Industry...

Angola is one of Africa’s most established petro-states, with initial forays into the country’s oil acreage predating national independence. A failure to diversify the economy significantly away from the now well-established oil industry proved disastrous during the global financial crisis...

The recent oil and gas production boom in the contiguous United States generated tens of billions in additional royalty income for owners of oil and gas rights. We use the royalty income shock to study the local multiplier effect of unanticipated income and find that each royalty dollar received...

"Costly Fix addresses core questions about the Alberta oil sands boom that started in the 1990s: Why did this flood of investment pour into the oil sands of northern Alberta? What role has government played with respect to the oil sands rush, and why? Who benefited and who or what has paid the...

We review the issues involved in designing a mechanism for allocating resource rights. We focus on the case of exploration and development rights for oil and gas leases in U.S. federal lands to highlight the tradeoffs at play. The main issues concern the design of the lease contract, the design...

If a coalition of countries implements climate policies, nonparticipants tend to consume more, pollute more, and invest too little in renewable energy sources. In response, the coalition's equilibrium policy distorts trade and it is not time consistent. By adding a market for the right to...

The Economic and Budgetary Effects of Producing Oil and Natural Gas from Shale / Ron Gecan, Natalie Tawil and Mark Lasky -- U.S. Shale Gas Development : Production, Infrastructure, and Market Issues / Michael Ratner -- Potential Budgetary Effects of Immediately Opening Most Federal Lands to Oil...

This paper describes an ongoing research project, in which we examine recent trends in bidding for offshore oil and gas leases, and the exploration and development of leases after they are sold. We review empirical findings regarding bidder participation and bidding for the period 1954 through...