It’s a dark, foggy, rainy day here in Chicago, and I’m off to cuddle up on the couch with a cup of tea and a pile of bluebooks. More later.
March 2003
Where’s The Oil Price Spike?
The commencement of incursions into Iraq has not led to price spikes in oil markets, but instead to a three-year low. Part of the explanation for this is the expectation of a quick war that does not disrupt supplies. This Bloomberg Energy News article also answers my question from earlier this week about the reasons …
Electricity Deregulation In Texas And California, Worlds Apart
This LA Times article from Monday contrasts electricity policy in Texas and California, and makes it crystal clear how colossal a policy failure the California “deregulation” was. Furthermore, the article illustrates the major point, that California’s woes were not the fault of deregulation, which when done well, creates value for consumers and for innovative suppliers …
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Stricter Cafe Standards For Light Trucks Are Inefficient
Check out this new AEI-Brookings Joint Center study on light truck fuel efficiency. Punch line: more stringent fuel efficiency standards for light trucks are an inefficient way to reduce gasoline use. From the abstract: The National Highway Transportation Safety Administration (NHTSA) recently proposed increasing the fuel economy of new light trucks by 1.5 miles per …
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In an email I received from Ed Reid, a very smart energy industry and policy expert I know, he makes the following observations about my post on fuel-cell powered mobile electronics: You are absolutely right about trying to pick winners. Parallel research programs are expensive, but experience has proven that they are not wasteful. The …
In an email I received from Ed Reid, a very smart energy industry and policy expert I know, he makes the following observations about my post on fuel-cell powered mobile electronics: You are absolutely right about trying to pick winners. Parallel research programs are expensive, but experience has proven that they are not wasteful. The …
In an email I received from Ed Reid, a very smart energy industry and policy expert I know, he makes the following observations about my post on fuel-cell powered mobile electronics: You are absolutely right about trying to pick winners. Parallel research programs are expensive, but experience has proven that they are not wasteful. The …
In an email I received from Ed Reid, a very smart energy industry and policy expert I know, he makes the following observations about my post on fuel-cell powered mobile electronics: You are absolutely right about trying to pick winners. Parallel research programs are expensive, but experience has proven that they are not wasteful. The …
Yesterday’s plummeting oil prices were stunning — according to Bloomberg Energy News, light sweet crude on NYMEX fell $3.26!!! That’s approximately a 10% drop, in a commodity market where a 3% change is viewed as pretty extreme. Is this the result of uncertainty resolution? Or do traders think that Iraqis will listen to President Bush …
Yesterday’s plummeting oil prices were stunning — according to Bloomberg Energy News, light sweet crude on NYMEX fell $3.26!!! That’s approximately a 10% drop, in a commodity market where a 3% change is viewed as pretty extreme. Is this the result of uncertainty resolution? Or do traders think that Iraqis will listen to President Bush …