Using the lag-luminosity relation and various BATSE catalogs we create a large catalog of burst redshifts , peak luminosities and emitted energies . These catalogs permit us to evaluate the lag-luminosity relation , and to study the burst energy distribution . We find that this distribution can be described as a power law with an index of \alpha = 1.76 \pm 0.05 ( 95 % confidence ) , close to the \alpha = 2 predicted by the original quasi-universal jet model .