For anyone interested in the financial difficulties at British Energy, and the dilemma facing the government in thinking of bailing them out, this Financial Times article gives a nice summary of the issues. Bottom line: government-driven nuclear investments and the inability to predict the future. And people complain about market processes? Please. … More British Energy’s Financial Woes
I share the comments of Virginia Postrel, Jim Henley, and others who are very, very sad to hear of Warren Zevon’s illness. I think that Virginia’s right, that some of his allure is a dark intellectual geek hipness, and that he’s also wry and clever and whimsical. His best-of 2-CD set is always in our … More Warren Zevon … More Warren Zevon
As reported by the Financial Times, the Chicago Tribune, Bloomberg Energy News, OPEC officials meeting in Japan have decided not to change the existing quotas. Crude prices in New York are still flirting with $30 per barrel, the OPEC benchmark price is close to $28 per barrel, and OPEC officials know that this relatively high … More OPEC Leaves Quotas Unchanged … More OPEC Leaves Quotas Unchanged
On Tuesday 17 September, the California Public Utilities Commission released a study indicating that the five largest private generators in the California wholesale market did not produce up to their capacity during the winter 2000-2001. Looking at 38 blackout days between November 2000 and May 2001, the PUC study concludes that because of this lack … More California Puc Study Of 2000-2001 Blackouts Adds Little Substance … More California Puc Study Of 2000-2001 Blackouts Adds Little Substance
This nifty Tech Central Station article by Duane Freese talks about the value to consumers of bundled telecom/technology services. I have a similar vision for companies being free to offer a portfolio of contract options to consumers, even extending to bundling with other infrastructure industries if there’s a market for it and they can make … More Bundling Of Services To Better Serve Customers … More Bundling Of Services To Better Serve Customers
According to Robert Samuelson at Newsweek, the expected cost of a possible war in Iraq is only one percent of our GDP. Not that our wealthy society is a reason to go wage war, but it does mean that we are more likely to be insulated from most of the economic effects on us experienced … More We’re Wealthy Enough To Absorb The Shock … More We’re Wealthy Enough To Absorb The Shock
I’ve noticed this twice now in London — many more cyclists, almost none of whom wear face masks. And then I come home to find this commentary by my Reason colleague Joel Schwartz on improvements in air quality in the U.S. in the past decade. Joel knows more about air quality science and policy than … More The Air We Breathe Is Cleaner … More The Air We Breathe Is Cleaner
Woo hoo! Vacation was fun, lots of stuff happened here in electricity and oil while I was gone. Lots of catching up … which I started at 5 this morning. Aaah, jet lag!