The conference committee finally pushed through the energy bill on Friday. Here’s a list of stories addressing the merits, or serious lack thereof, in the legislation. Overview of the bill from the Washington Post, reflecting the general conclusion that little will be gained from this very expensive bill. “GOP touts energy bill, but provides few …
According to this AP story from last Thursday, outgoing California governor Gray Davis has declared the energy crisis over: The recalled governor issued a proclamation Thursday ending the state of emergency he declared on Jan. 17, 2001, as wholesale electricity prices hit record highs and California suffered rolling blackouts. The crisis, which aggravated the state’s …
I am on the back end of a work trip, and am thus unlikely to have much time today for posts. Fortunately, Carnival of the Capitalists is up over at Professor Bainbridge’s place. I was a total flake and spaced sending him my fishing property rights post, but oh well … there’s a lot of …
A final juicy tidbit today is this New York Times article on hydrogen.: Widespread hydrogen use has been enthusiastically embraced by major corporations and environmentalists alike as a panacea for global warming and the depletion of fossil fuels, and is a particular favorite of the Bush administration. But skeptics, and even some hydrogen advocates, say …
Another juicy tidbit is this Angry Economist posting on monopoly, competition, and antitrust. I appreciate the spirit in which he argues that antitrust laws may be unnecessary or even counterproductive: Perhaps, you might wish to argue, antitrust laws could be used in those market segments which are difficult to enter. No. Even then a public …
Am running around today like the proverbial headless chicken … so must rely on tempting tidbits, such as this article from Live Power News entitled “Don’t Build Transmission Lines Near My Home Use Energy Efficient Technologies Instead.” The author, Albert Thumann, thinks that energy efficiency adoption is a marketing problem. I disagree; I think it’s …
Today is a heavy teaching day, and may well be a heavy writing day if the muse does not come and sit on my shoulder and whisper into my ear what I should be writing.
Kevin Brancato has a beautiful post in response to Tyler Cowen’s musings about gas price and full service regulations. Kevin puts it clearly, in a way I wish I had said myself: Let me state my views bluntly: perfect competition is a myth! I would be shocked to find any markets that function like some …
is at The Accidental Jedi this week. Go. Read. Good. I am particularly pleased to see David Masten’s Catallarchy post on Bruce Benson’s The Enterprise of Law. A superb book, as is David Friedman’s Law’s Order, which is recommended in the comments on this post. Friedman makes Law’s Order available electronically through his website, so …
Vernon Smith and I have a commentary in today’s Wall Street Journal (subscription required). Entitled “Socket to Arnold”, our point is that the existing system of average pricing is unfair to off-peak users. Off-peak users subsidize peak energy use, and that’s both inefficient and unfair: But current policy unfairly forces consumers to pay rates based …
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