Institute for Policy Integrity

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Publications

Viewing all publications in Natural Resources
  • Harmonizing Preservation and Production
    Report

    Harmonizing Preservation and Production

    How Modernizing the Department of the Interior’s Fiscal Terms for Oil, Gas, and Coal Leases Can Ensure a Fair Return to the American Public

    By Jayni Foley Hein
    June 5, 2015

    Leasing federal lands for drilling and mining generates a huge amount of revenue for the United States, but the Department of the Interior, which oversees these leases, uses an antiquated fiscal system that deprives taxpayers of hundreds of millions of dollars. Our report analyzes how the fiscal terms for oil, gas, and coal leases could be modernized to ensure a fair return to the American public.

  • Capturing Value
    Policy Brief

    Capturing Value

    Science and Strategies to Curb Methane Emissions from the Oil and Natural Gas Sector

    By Jayni Foley Hein
    December 19, 2014

    Methane, the primary component of natural gas, is a potent climate pollutant up to 86 times more powerful than carbon dioxide on a 20-year timeframe. Currently the United States loses at least 1 to 3 percent of its total natural gas production each year when methane is leaked or vented to the atmosphere. Federal regulations could reduce methane emissions by up to 50 percent at little or no net cost, using available technologies.

  • Patience is a(n Economic) Virtue
    Academic Article/Working Paper

    Patience is a(n Economic) Virtue

    Real Options, Natural Resources, and Offshore Oil

    By Michael A. Livermore
    February 8, 2012

    Consideration of real options is necessary to maximize economic return from non-renewable natural resource extraction. But ecisions over drilling are often framed as a now-or-never choice, so the option to wait (or “real option” value) is improperly treated in administrative processes that determine whether, when, and how offshore oil resources will be tapped.

  • The BP Gulf Coast Oil Spill, Option Value and the Offshore Drilling Debate
    Report

    The BP Gulf Coast Oil Spill, Option Value and the Offshore Drilling Debate

    By Policy Integrity
    April 20, 2011

    One year after crude oil began gushing into the Gulf of Mexico, little action has been taken to prevent a similar disaster. A report authored by Gaia Larsen and Michael A. Livermore finds that overly simplistic economic analysis by the government may have helped lead to the accident.

  • Residual Risks
    Report

    Residual Risks

    The Unseen Costs of Using Dirty Oil in New York City Boilers

    By Kevin R. Cromar and Jason A Schwartz
    January 21, 2010

    In about 9,000 big apartment and commercial buildings in Manhattan, Brooklyn, Queens, and the Bronx, boilers burn a dirty fuel to heat their units. “Residual Risks” analyses the health, environmental, and economic benefits of switching away from this dirty fuel to cleaner alternatives like natural gas.