In this article, Stephen Brown and Hillard Huntington combine recent studies of world oil markets and the nascent literature on damage estimates from carbon dioxide (CO2) emissions to derive cost and benefit curves for the reduction of these emissions through cooperative programs of oil...

Stephen Brown and Mine Yücel examine how different natural gas users and the market institutions serving them affect the transmission of price changes throughout various markets for natural gas. Electrical utilities and industrial users buy much of their natural gas in a competitive spot market...

World oil supply disruptions lead to U.S. economic losses. Increased oil consumption increases the vulnerability of the economy to oil supply disruptions, but it matters where the additional oil is produced. Increased production from stable producers can dampen future oil price shocks, whereas...