Over the past decade the primary US crude benchmark, WTI, diverged considerably from its
foreign counterpart, Brent, sometimes selling at a steep discount. Some studies pointed to …

This paper develops a multi-country general equilibrium model that incorporates crude oil
global sourcing by refineries and refined oil demand by downstream industries that are …

Crude oil production in the United States increased by nearly 80 percent between 2008 and
2016, mostly in areas that were far from existing refining and pipeline infrastructure. The …

In January 2019, the Canadian province of Alberta enacted limits on crude oil and bitumen
production. These production controls, a policy referred to as curtailment, represent a shift …

We characterize formation of market beliefs in the oil market by providing a complete
characterization of the market reaction to oil inventory surprises. We utilize the unique …

Abstract Chapter 1: Workable Competition and Allocative Efficiency in Deregulated US
Petroleum Pipeline Markets: Since 1990, the Federal Energy Regulatory Commission …

Abstract In January 2019, the Canadian province of Alberta enacted limits on crude oil and
bitumen production. These production controls, a policy referred to as curtailment, represent …