I cannot believe I missed this in January, but according to The Onion, Judge Orders God to Break Up Into Smaller Deities. Apparently God has a monopoly, and the Justice Department brought a lawsuit to remedy this blatantly anti-competitive market. Hah-larious. Thanks to my Northwestern colleague Mark Witte for sending it to me. … More Religious Monopoly Humor
According to Bloomberg News, OPEC may boost its quota by as much as 750,000 barrels per day. Even with all of the Iraq talk, Nymex crude closed at only 58 cents higher than Wednesday, at $28.92. Remind me again why people think that markets are unpredictable … ? Even when folks like OPEC try to … More Yep, Right On Schedule … More Yep, Right On Schedule
Tech Central Station also ran an article on carpooling by Bob Poole, my colleague and the founder of Reason Foundation. Bob describes the flaws in carpooling, HOV lanes, and how we could improve our commute times by making them toll lanes instead. A very interesting read. … More Carpooling And Hov Lanes: Inadequate?
My Reason colleague Ron Bailey has an article from Johannesburg on the topic of renewable energy and its treatment at the UN summit. Ron points out that some of the mental energy of the participants is going toward quibbling over their different definitions of “renewable” (i.e., depends on what your definition of the word “renewable” … More Sustainable Development And Renewable Energy … More Sustainable Development And Renewable Energy
Feelin’ whimsical today, so I’ve added a Weather Pixie at the bottom of the page. I’m one of those folks who is fascinated by the weather, and I can watch the Weather Channel ad nauseam (much to the frustration of my husband, although he likes the cool jazz during local on the 8s). More substance … More Weather Pixie … More Weather Pixie
Technology news from Hawaii — “A Big Island company will be the exclusive seller of a new bladeless-turbine technology the manufacturer says will drastically reduce costs for electrical power generation and hydrogen fuel production for use in fuel cells and automobiles,” according to the Pacific Business News. If you read the article, you’ll see something … More How Cool Is This? … More How Cool Is This?
Even with the threat of military action in the Persian Gulf and the upcoming Labor Day holiday weekend, both crude oil and gasoline prices are pretty darn stable (although oil prices, especially, are high; more on that in a second). On gasoline, this Reuters article summarizes the results of the regular Lundberg survey of gasoline … More Oil And Gas Price Stability … More Oil And Gas Price Stability
Amity Shlaes has a good Financial Times column on forest policy and trying to control, plan, and manage “sustainable development.” Here’s a teaser to entice you to read the whole thing: One way we know the fires are partly the result of federal policy, says Roger Sedjo, a forest expert at Resources for the Future, … More Forest Fires And Sustainable Development … More Forest Fires And Sustainable Development
There’s a lot of cheery news today about retail electric competition in the U.S. and how the black eye that California and Enron have given electricity restructuring have not been fatal. This Pittsburgh Post-Gazette article reports on a study showing that Pennsylvania’s retail electricity rates in 2001 were 20 percent lower than in 1996, on … More Good News On The Electricity Competition Front … More Good News On The Electricity Competition Front
Unless something exciting happens today, I am incommunicado — we have a monstrous storm system moving through Chicago, and the pressure drop has triggered a nasty migraine. … More Migraine