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A Schoolboy's History of Oil Prices
, a primer on the development of modern oil markets as well as context for the current sustained rise in oil prices. Dr. Van Vactor briefly covers the evolution of oil markets from before the 1973 Arab oil embargo to the present.
Energy Security and National Security
. Given that oil is now a commodity, with immediate accessibility to those that have the cash, why is energy security an issue? For most countries, reduced dependence on foreign oil is both impractical and costly. The desire to do something, coupled with unacceptable costs if anything substantive actually gets done, has produced an unusually clouded mix of sanctimonious plans, unfinished projects, and abandoned policies. A presentation to the International Association for Energy Economics (IAEE) Conference, Wellington, New Zealand, Feb. 18, 2007.
Flipping the Switch: The Transformation of Energy Markets
, the Doctoral dissertation of Samuel A. Van Vactor, examines the development of modern institutions and conventions that govern the energy and natural resource commodity markets today. Tracing their growth back to the Oil Crisis of 1973, Dr. Van Vactor examines the growing efficiency in markets and their natural development through the context of transaction cost economics. Submitted and accepted February 12, 2004 at Darwin College, University of Cambridge.
Held Hostage: Arms and Infrastructure - Oil Development in Sudan and Chad
, by Samuel A. Van Vactor, examines how current methods of funding oil development projects in developing countries has the unintended side effect of fueling regional arms races, civil wars, and even genocide. Presentation at the IAEE annual conference, plenary session, Prague, June 2003.
"How to Make Power Markets Competitive,"
with Seth Blumsack, July 2002. Chapter in the Electric Power Research Institute's (EPRI's) Electricity Pricing in Transition, Kluwer Academic Publishers, examines approaches to improving competition in modern energy markets.
"Will the Snow Tiger Come Down from the Mountain? Japan’s Plan to Liberalize Energy Markets,"
published in the Oxford Energy Forum, May 2001, takes a close look at Japanese energy policy in the face of a changing demand paradigm and the challenges the nation faces in conforming to the Kyoto Protocols.
"Money, Power and Trade: What You Never Knew About the Western Energy Crisis"
, written with Fred Pickel and published in Public Utilities Fortnightly, May 1, 2001. An analysis of the reasons behind the price spikes in the Western electricity markets in 2000 and early 2001 from an economist's perspective - before the evidence of manipulation by market participants came to light.
(De) Regulation Follies:
The Anatomy of an Energy Crisis
, by Samuel A. Van Vactor and Fred Pickel analyzes the 2000-2001 western electricity crisis as a series of regulatory mishaps distorting market forces and exacerbating a system frought with uncertainty, scarcity, and misinformation
Power Price Spikes: Aberration or Prophecy?
, by Samuel A. Van Vactor analyzes Summer of 2000 trends in the Western electricity industry for the Oregon Public Utility Commission Hearings,
August 14, 2000.
Electricity Restructuring in the United States
, Financial Times Energy Economist Briefings, Nov. 1998. A tour of the various incarnations of the push in the United States toward power market deregulation.
Viability of Natural-Gas Projects for Northeast Asia
, by Samuel A. Van Vactor and Arlon Tussing, and an accompanying
PowerPoint presentation , presented at the Fourth International Conference on
Northeast Asian Natural-Gas Pipelines, Ulaanbaatar, Mongolia, 16-18 August, 1998.
Natural Gas in Asia: Facts and Fiction
, by Sam Van Vactor, et. al., edited by Dona K. Lehr. Pacific Economic Cooperation Council (PECC), 1998. Book examinining the Asian natural gas industry.
South Korea's Thirst for Gas
, with Dr. Arlon R. Tussing, from Financial Times Energy Economist - An International Analysis, March 1998
Evolution of Wholesale Power Price Structures in the Western Power Market
with Dona K. Lehr. History and analysis of the development of the western wholesale power market.
Natural Gas (De)Regulation in South Africa: A Wolf in Sheep's Clothing,a study of
the development of an integrated natural gas system in Southern Africa.
"Prospective on world energy markets,"
with Dr. Arlon R. Tussing, OPEC Review, Autumn 1990. A prediction that in real terms and in the long run, prices for energy would continue to fall as new sources of energy become available and economic.
Spot and Contract Crude-Oil Markets in the Petroleum Industry
with Ronald D. Ripple. Published in "Proceedings: Energy Supply in the 1990s and Beyond," International Association for Energy Economics, 11th Annual International Conference, June 26-28, 1989, Caracas Venezuela.
Retrospective on Oil Prices
, with Dr. Arlon R. Tussing, Contemporary Policy Issues, July 1987. Published by the Western Economic Association International and California State University Long Beach.
Mergers & Acquisitions in the Petroleum Industry
, of the Papers and Proceedings of the Eighth Annual North American Conference of the IAEE: "The Changing World Economy", Nov. 19-21, 1986 at the Massachusetts Institute of Technology, Cambridge, Massachusetts. Analyzed the wave of consolidation in the petroleum industry from 1982 to 1985.
Pricing Royalty Crude Oil
by Samuel A. Van Vactor. This report, written for the
American Petroleum Institute, examines methodological issues in valuing California crude oils for royalty purposes. The report was written in response to a Notice of Proposed
Rulemaking (NOPR) by the U.S. Minerals Management Services. In addition, Samuel A. Van Vactor filed two reports
as Comments on Mineral Management Service's Notice of Proposed Rulemaking (NOPR) Establishing Oil Value for Royalty Due on Federal Leases:
Comments on Mineral Management's Notice of Proposed Rulemaking (NOPR) Establishing Oil Value for Royalty Due on Federal Leases
Comments on Mineral Management's Supplementary Proposed Rule Establishing Oil Value for Royalty Due on Federal Leases
IRI Significant Papers and Publications:
Flipping the Switch: The Transformation of Energy Markets, forthcoming book on oil, gas, and electricity markets, Dr. Samuel A. Van Vactor, to be published by the Oxford Energy Institute 2004.
Review of Natural Gas in Asia, for the Energy Journal, Samuel Van Vactor, July 2003.
"Overview of Risk Management Practices in the U.S. West Coast Natural Gas Industries" for Tokyo Gas,
David Ramberg with Fred Pickel, March 2003.
"Western Natural Gas Markets: Implications for Spot and Forward Power Prices" for Bonneville Power Administration,
Peter Stiffler and Samuel Van Vactor, August 2002.
“How to Make Power Markets Competitive,” with Seth Blumsack, July 2002, Electricity Pricing in Transition, developed by the Electric Power Research Institute (EPRI), Kluwer Academic Publishers.
“Japan’s Pointless Barricades to Natural Gas Development,” March 2002, translated to Japanese. Japan’s Piping Journal.
"Pricing the Supplemental Use of School Facilities for Portland Public Schools," Peter Stiffler, June 2001.
"Money, Power and Trade: What You Didn’t Know About the Western Energy Crisis," Samuel
Van Vactor and Fred Pickel, Public Utilities Fortnightly, May 1, 2001. The paper analyzes the 2000-2001 western electricity crisis as a series of regulatory mishaps distorting market forces and exacerbating a system overflowing with uncertainty, scarcity, and misinformation.
"A Comparison of PJM and California Electricity Markets, Samuel Van Vactor," Public Utilities
Fortnightly, July 2000.
"Independent Power Producers in Asia, Past Present and Future," Ronald D. Ripple and Emiko Takahashi,
Financial Times Energy Asia Pacific, Singapore, July 1997.
"Elephants Are Extinct," Samuel A. Van Vactor and Arni Petursson, forthcoming article on world oil supplies, Economic Analysis Series, Economic Insight, Inc.
"Evolution of Wholesale Power Price Structures in the Western Power Market," Dona K. Lehr and Samuel A. Van Vactor, The Power Market Risk Publications, July 1997.
"Commodisation," Samuel A. Van Vactor, The Power Market Risk Publications, July 1997.
"Electricity Pricing in the Western System Bulk Power Market," Dona K. Lehr, Emiko Takahashi and Adam Goldberg, Pacific Northwest Regional Economic Conference, May 1996.
"Power Trading: The Race is On", Samuel A. Van Vactor and Dona K. Lehr, Economic Analysis Series, Economic Insight Inc., January 1996.
"The Evolving Power Market," Samuel A. Van Vactor. Paper delivered at the Executive Enterprises Conference, October 1995.
"The Natural Gas Industry: Evolution, Structure, and Economics," 2nd Edition, Arlon R. Tussing and Bob Tippee, Pennwell Publishing Company, Tulsa, Oklahoma, 1995 ("Ronald D. Ripple made special contributions to Chapters 1 and 3.")
"History and Analysis of the Crude-Oil Export Ban," Samuel A. Van Vactor, published by the Cato Institute, May 1995.
"West Coast Gasoline Demand into the Next Century: What to Expect," Arni Petursson with Jeffrey R. Currie of The University of Chicago, presented and published in Proceedings 1993 North American Conference of the International Association of Energy Economists, Seattle, October 1993.
"Western North American Natural-Gas Markets in Transition," Ronald D. Ripple with Arlon R. Tussing and David B. Hatcher of ARTA, Inc. A private multi-client research report, July 1993.
"PADD V in Transition: Strategic Evaluation of Oil Industry Prospects in the 1990s," Samuel Van Vactor, Ronald D. Ripple and Jeffrey R. Currie, a private multi-client research report, published by Economic Insight, Inc. and Energy Security Analysis, Inc., November, 1992.
"Oil Pricing Policies Based on Expected Replacement Costs," Ronald D. Ripple published in The Oregonian, Portland, Oregon, August 29, 1990.
"Prospective on World Energy Markets: Real Costs will Continue to Fall," Samuel A. Van Vactor with Arlon A. Tussing of ARTA, Inc., published in the OPEC Review, Autumn 1990.
"Natural Gas in the Pacific Northwest: Hydro-Firming vs. Base Resources," Ronald D. Ripple, a paper presented at the Twenty-fourth Annual Pacific Northwest Regional Economic Conference, Bellingham, WA, April 26-28, 1990; published in PNREC Conference Proceedings.
"Future Natural Gas Cost and Availability in the Pacific Northwest," Ronald D. Ripple (principal author), research report for the Northwest Power Planning Council, Portland, Oregon, January, 1990.
"Spot and Contract Markets in the Petroleum Industry," Samuel A. Van Vactor and Ronald D. Ripple, a paper delivered at the International Association for Energy Economics, Annual Meeting, Caracas Venezuela, June 1989 and published in the Proceedings.
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