The External Costs of Transporting Petroleum Products by Pipelines and Rail: Evidence From Shipments of Crude Oil from North Dakota
NBER Working Paper No. 23852
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We thank conference participants at the NBER Pre-Conference on the Economics of Energy Markets, the NBER Pre-Conference on Hydrocarbon Infrastructure and Transportation, the Property and Environment Resource Center, the Ostrom Workshop at Indiana University, the Searle Energy Workshop at Northwestern University, the ASSA 2017 Meetings, and the NBER Conference on Transporting Hydrocarbons and the Economics of Energy Markets and Ryan Kellogg and Kenneth Richards for useful comments. We also thank the many individuals in industry and government who answered questions about topics related to this paper. The authors gratefully acknowledge seed grant funding from the Scott Institute for Energy Innovation at Carnegie Mellon and from the Sloan Foundation through a grant to the NBER. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.