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1、 JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY THE LAND OF OPPORTUNITY? POLICY, CONSTRAINTS, AND ENERGY SECURITY IN NORTH AMERICA BY KENNETH B. MEDLOCK III, PH.D. JAMES A. BAKER, III AND SUSAN G. BAKER FELLOW IN ENERGY AND RESOURCE ECONOMICS, AND SENIOR DIRECTOR, CENTER FOR ENERGY S
2、TUDIES, JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY JUNE 2, 2014 Land of Opportunity? Policy, Constraints, and Energy Security in North America 2 THIS PAPER WAS WRITTEN BY A RESEARCHER (OR RESEARCHERS) WHO PARTICIPATED IN A BAKER INSTITUTE RESEARCH PROJECT. WHEREVER FEASIBLE, PAPE
3、RS ARE REVIEWED BY OUTSIDE EXPERTS BEFORE THEY ARE RELEASED. HOWEVER, THE RESEARCH AND VIEWS EXPRESSED IN THIS PAPER ARE THOSE OF THE INDIVIDUAL RESEARCHER(S), AND DO NOT NECESSARILY REPRESENT THE VIEWS OF THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY. 2014 BY THE JAMES A. BAKER III INSTITUTE F
4、OR PUBLIC POLICY OF RICE UNIVERSITY THIS MATERIAL MAY BE QUOTED OR REPRODUCED WITHOUT PRIOR PERMISSION, PROVIDED APPROPRIATE CREDIT IS GIVEN TO THE AUTHOR AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY. Land of Opportunity? Policy, Constraints, and Energy Security in North America 3 ABOUT TH
5、E CENTER FOR ENERGY STUDIES AT THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY The Baker Institute Center for Energy Studies (CES) is a multifaceted center that promotes original, forward-looking discussion and research on the energy-related challenges facing our society in the 21st century. The
6、mission of the CES is to foster the development of informed and realistic public policy choices in the energy area by educating policymakers and the public about important trendsboth regional and globalthat shape the nature of global energy markets and influence the quantity and security of energy s
7、upplies needed for world economic growth and prosperity. The CES is one of several major policy programs at the James A. Baker III Institute for Public Policy of Rice University. The broader mission of the Baker Institute is to help bridge the gap between the theory and practice of public policy by
8、drawing together experts from academia, government, media, business, and nongovernmental organizations. By involving both policymakers and scholars, the institute seeks to improve the debate on selected public policy issues and make a difference in the formulation, implementation, and evaluation of
9、public policy. Land of Opportunity? Policy, Constraints, and Energy Security in North America 4 ABOUT THE AUTHOR Kenneth B. Medlock III, Ph.D. James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics Senior Director, Center for Energy Studies James A. Baker III Institute for Pub
10、lic Policy, Rice University Kenneth B. Medlock III, Ph.D., is the James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics at the Rice Universitys Baker Institute and the senior director of the Center for Energy Studies, as well as an adjunct professor and lecturer in the Depa
11、rtment of Economics at Rice University. He is a principal in the development of the Rice World Natural Gas Trade Model, aimed at assessing the future of international natural gas trade. He has published numerous scholarly articles in his primary areas of interest: natural gas markets, energy commodi
12、ty price relationships, gasoline markets, transportation, national oil company behavior, economic development and energy demand, and energy use and the environment. He also teaches and supervises Ph.D. students in the energy economics field. Medlock is currently the vice president for conferences fo
13、r the United States Association for Energy Economics (USAEE), and previously served as vice president for academic affairs. In 2001, he won (joint with Ron Soligo) the International Association for Energy Economics Award for Best Paper of the Year in the Energy Journal. In 2011, he was given the USA
14、EEs Senior Fellow Award and in 2013 he accepted on behalf of the Center for Energy Studies the USAEEs Adelman-Frankel Award. In 2012, Medlock received the prestigious Haydn Williams Fellowship at Curtin University in Perth, Australia. He is also an active member of the American Economic Association
15、and the Association of Environmental and Resource Economists, and is an academic member of the National Petroleum Council (NPC). Medlock has served as an advisor to the U.S. Department of Energy and the California Energy Commission in their respective energy modeling efforts. He was the lead modeler
16、 of the Modeling Subgroup of the 2003 NPC study of long-term natural gas markets in North America, and was a contributing author to the recent NPC study “North American Resource Development.” Medlock received his Ph.D. in economics from Rice in 2000, and held the MD Anderson Fellowship at the Baker Institute from 2000 to 2001. Land of Opportunity? Policy, Constraints, and Energy Security in North America 5 The Land of Opportunity? Policy, Constraints, and Energy Security in Nor
