Gasoline Prices Are High

While Lynne and I (in a previous guest post) have been quick to note that, adjusted for inflation, gasoline prices are not at record high levels, it is the case that current gasoline prices are high by historical standards. In a letter-to-the-editor published in Sunday’s Washington Post, reader Robert Speir said: The April 4 editorial … More Gasoline Prices Are HighMore Gasoline Prices Are High

Mandatory Reliability: Do We Need More Than Zero?

As in zero, nada, zip, zilch, nothing. Do you think that the very high level, high profile U.S-Canada power system outage task force could have spent all that time and money investigating the blackout, and then come to the recommendation that nothing needed to change? No way. But on the face of it, why not … More Mandatory Reliability: Do We Need More Than Zero?More Mandatory Reliability: Do We Need More Than Zero?

A Word A Day

One of the little joys of life is Anu Garg’s A Word A Day. You can have a new vocabulary word, usually in a weekly theme, arrive in your inbox daily. What a treat. Today’s word is one of my favorites: chuffed (chuft) adjective Pleased; satisfied. [From English dialect chuff (pleased, puffed, swollen with pride).] … More A Word A DayMore A Word A Day

Cotc 12 April

Carnival of the Capitalists is up over at my neighbor The Chicago Report. Although Mike, I’m your Chicago neighbor … I especially recommend Michael Williams’s post on why natural resource depletion doomsayers get it wrong (here’s a hint: when prices go up, signaling scarcity, people use less and look for other ways to do things), … More Cotc 12 AprilMore Cotc 12 April