Please see below for a guest post from one of our graduate student workers, Hayoung.
Faculty in Focus: Ryan Kellogg
Last Thursday, I had a sweet opportunity to attend our first monthly Faculty in Focus lunch, with Professor Ryan Kellogg. Professor Kellogg talked about his two main research areas: the economics of shale oil and gas development based on his recently presented paper titled “Welfare and Distributional Implications of Shale Gas” at the Brookings Institute’s spring conference on economic activity in D.C. He spent time explaining the economic consequences of the shale gas boom in the U.S. natural gas market in 2007 and 2013. It was very interesting to learn about the growing economics of private mineral leases for shale gas and uncertainty in the future gasoline prices. He also noted the substantial financial benefits of fracking shouldn’t leave out of the discussion the environmental damage the drilling process causes.
The event was surprisingly interactive as a lot of the audience frequently asked questions and Professor Kellogg answered them honestly and intentionally. Outside of the lecture, he also shared his background; how his degrees in engineering and economics and his professional working experiences in oil and gas companies like BP shaped his research interests in energy economics and environmental policy. Overall, we enjoyed this special learning opportunity from our awesome faculty!