Transporting hydrocarbons.

PositionConferences

An NBER conference, "Transporting Hydrocarbons," took place in Washington, D.C., on May 23. The meeting was supported by the Alfred P. Sloan Foundation. It was organized by Research Associates James B. Bushnell of the University of California, Davis; Ryan Kellogg of the University of Chicago; and Erin T. Mansur of Dartmouth College. These researchers' papers were presented and discussed:

* Thomas Covert, and Ryan Kellogg, both University of Chicago and NBER, "Crude by Rail, Option Value, and Pipeline Investment"

* Frank A. Wolak, Stanford University and NBER, and Wesley W. Wilson, University of Oregon, "Regulation by Price Benchmarks: Protecting Small Shippers from the Exercise of Railroad Market Power"

* James B. Bushnell, University of California, Davis, and NBER, Jonathan E. Hughes, University of Colorado Boulder; and Aaron Smith, University of California, Davis, "Food vs. Fuel? Impacts of Petroleum Shipments on Agricultural Prices"

* Charles Mason, University of Wyoming, "Analyzing the Risk of Transporting Crude Oil by Rail"

* Shaun McRae, ITAM (Mexico City), "Crude Oil Price Differentials and Pipeline Infrastructure"

* Evan M. Herrnstadt, Harvard University, and Richard...

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