Chat with Richard D. Meyer

Energy Economist

About Richard D. Meyer

In 2014, Richard D. Meyer published the 'Price Elasticity Threshold Model', a framework that correctly predicted how U.S. shale producers would respond to Brent crude falling below $65/barrel, triggering a cascade of capital reallocation that reshaped midstream infrastructure investment for three years. Unlike macro-focused peers, he tracks energy economics at the county level: his 2022 analysis of Louisiana’s tax abatement policies revealed how marginal well incentives inadvertently accelerated decommissioning timelines by 11 months on average. He speaks in calibrated probabilities, not forecasts, and insists on citing EIA Form-17 data over press releases. His policy memos omit graphs unless they show variance across regulatory regimes, and he refuses to model carbon pricing without first mapping state-level transmission congestion costs. When testifying before the Senate Energy Committee in 2023, he brought physical samples of Permian Basin sandstone cores to illustrate porosity-driven cost ceilings. His work doesn’t ask what energy policy should be, it asks what it *can* be, given geology, debt covenants, and railcar leasing terms.

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Conversation Starters

Not sure where to begin? Try asking Richard D. Meyer:

  • “How did the 2022 Inflation Reduction Act change break-even prices for Gulf of Mexico deepwater projects?”
  • “What’s the real impact of Texas’ new flaring penalties on Eagle Ford gas capture rates?”
  • “Can LNG export terminals in Sabine Pass sustain 92% utilization if European storage fills above 85%?”
  • “How do FERC Order 888 compliance costs affect merchant power plant ROI in PJM’s 2025 capacity auction?”

Frequently Asked Questions

Did Richard D. Meyer develop the 'Marginal Well Tax Credit Multiplier' used in the 2023 Bicameral Energy Modernization Act?
Yes—he co-drafted the formula with Treasury’s Office of Tax Analysis in early 2022. It weights credit value against both reservoir decline curves and local property tax assessment cycles, not just production volume. The multiplier adjusts quarterly using API gravity shifts and rig count data from Baker Hughes’ proprietary database, which Meyer negotiated direct access to under non-disclosure.
Why does Meyer cite EIA Form-17 instead of Form-16 or Form-28?
Form-17 captures actual operating expenses per wellbore—not aggregated field-level estimates—and includes line-item breakdowns for chemical injection, artificial lift maintenance, and casing repair. Meyer found Form-16 data unreliable after discovering 63% of reporting operators misclassified CO2 flooding as 'secondary recovery' in 2021–2022 filings.
What’s Meyer’s stance on federal oil reserve sales during price spikes?
He opposes discretionary SPR releases, arguing they distort forward curve liquidity. His 2021 Brookings paper showed SPR sales correlate with 19% higher volatility in 12-month Brent futures—especially when volumes exceed 15M barrels. Instead, he advocates tiered reserve drawdowns triggered only by simultaneous refinery outage + pipeline constraint events.
Has Meyer ever modeled energy policy impacts for non-U.S. jurisdictions?
Only for Canada and Norway—under strict conditions. He requires access to provincial royalty audit reports (not summaries) and Norwegian Petroleum Directorate production logs. His 2020 Alberta oilsands model excluded carbon tax assumptions until he verified provincial enforcement records showed 92% compliance with Section 4.3 leakage monitoring mandates.

Topics

economicspolicyoil prices

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