Seeking Sustainable and Efficient Energy Production and Use In a Changing World

该奖项资助的工作将帮助我们了解联邦法规如何影响美国的石油和天然气市场。该项目将分几个阶段进行。首先，研究小组将对影响石油和天然气资源开发的联邦法规进行分类和描述。其次，他们将开发方法来评估这些法规对行业的影响，包括改变现有法规可能产生的影响。第三，他们将评估这些法规对公众的影响，包括石油和天然气的消费者。该项目的最后一部分将研究解除和/或减少这一经济部门的联邦监管的整体福利经济学。该项目与美国能源部面临的问题直接相关，其结果将有助于决策者对该经济部门的适当监管类型和水平做出判断。

This award funds work that will help us understand how federal regulations affect oil and natural gas markets in the United States. The project will proceed in several stages. First, the research team will catalog and characterize federal regulations that affect the development of petroleum and natural gas resources. Second, they will develop methods to estimate the effects of these regulations on industry, including the possible impact of changing existing regulation. Third, they will estimate the effects of these regulations on the public, including consumers of oil and natural gas. The final part of the project will examine the overall welfare economics of lifting and/or lessening federal regulation in this sector of the economy.The project is directly relevant to issues facing the US Department of Energy, and the results will help policymakers make judgements about the appropriate types and levels of regulation in this economic sector.