The Neptune project is a privately-funded, high-voltage, direct current (yes, DC, not AC!) project to connect Manhattan and Long Island with other areas that have larger supplies of generated power. This type of interconnection of markets is a driving force in reducing transaction costs and increasing efficiency in energy markets. The progress of this project … More The Neptune Project … More The Neptune Project
This Wired News article highlights remarks by Martin Shubik, an eminent economist and game theorist, who is advocating pushing the use of game theory in economics beyond its grounding in rationality and strategy, to incorporate such human traits as emotion and error. Last Wednesday, Shubik told the audience of game theorists with mathematics backgrounds that … More Game Theory And Human Nature … More Game Theory And Human Nature
Microsoft and AT&T are forming a strategic alliance to provide wireless connectivity, particularly in work environments, according to this article. … More Monopolists, Old And New
According to this Bloomberg News article, FERC will announce rules today to govern cross-regional wholesale electricity sales, including market monitoring and pushing “regulated utilities to cede some authority over transmission lines.” This has been coming for a while, with lots of industry and public comment time. I hope Commissioner Massey’s quote in the article is … More FERC Setting Market Rules Today … More FERC Setting Market Rules Today
I have an article on Tech Central Station this morning, on how markets discipline companies who are not transparent and full of integrity. … More Tech Central Station Column
Anytime that Carl Pope of the Sierra Club and Ed Crane of the Cato Institute agree on something, it’s worth reading. Such is the case with this opinion piece in the Washington Post today. … More Pope And Crane On The Energy Bill
Also courtesy of Slashdot, this New York Times article (registration required) describes the flywheels that the NY Port Authority has installed in the subway to collect and use the energy given off when subway trains brake. What a win-win — their energy bills go down, and subway stations are less hot! … More How Cool Is This?
Courtesy of Slashdot, this Business Week article discusses the prospects and hurdles for wireless, “wi-fi” networks. My favorite quote: Adds Ramesh Rao, director of the California Institute for Telecommunications & Information Technology: “History tells us that we cannot rely on the FCC’s ability to anticipate the future and write rules to allow progress.” In the … More A Wireless Future? … More A Wireless Future?
As Janis Ian wrote in an article on her website, the internet and music downloads can and do benefit artists. This is a well-researched and well-written article. Thanks to my husband for forwarding it to me. UPDATE: I thought that Glenn Reynolds at Instapundit had mentioned this article before, and he did, here, in reference … More Janis Ian Gets It; Why Doesn’t The Riaa? … More Janis Ian Gets It; Why Doesn’t The Riaa?
We’re drivin’, there’s political uncertainty in the Middle East, and it’s almost August, so U.S. inventories are being depleted in a typical seasonal pattern. Thus, as this Bloomberg News article reports, crude prices have gone up. But they have not gone up much, because the continuing economic malaise is countering the price-increasing factors mentioned above. … More Crude Oil Update … More Crude Oil Update