Distraction
Okay, NOW I’m going back to the Theory of Moral Sentiments!
August 13, 2002
It Never Rains, But It Pours
In the shameless self-promotion department today, I am quoted in the Orange County Register’s editorial today. I think that the FERC standard market design is baby steps, and at well over 300 pages does smack of micromanagement. The important question is, do those baby steps get us toward freer, more competitive markets? Are there better …
Boy, You Drive To The Other Side Of Lake Michigan Instead Of Reading News, And Look What Happens?
This Washington Post editorial from Monday is very good. It discusses FERC’s standard market design proposal, which is open for public comment through mid-October, and the snipey comments that state regulators have been making about it as an unbridled power grab. I think the editorial lays out the argument pretty well, although the standard market …
Deep-water Oil Drilling
Here’s an interesting New York Times article (registration required) from Sunday on BP’s Marlin deep-water oil drilling platform in the Gulf of Mexico, and the economics of its being worth pumping. Very worth a read if you are interested in the economics of world oil markets.
Electricity Markets And Demand Response
I have a column on Tech Central Station today, on the importance of consumer choice and demand responsiveness in electricity pricing. I will have more to say on this over the next few weeks, but for now, it’s back to Adam Smith’s Theory of Moral Sentiments.