Lynne Kiesling No surprise … the effects of Katrina and Rita on domestic natural gas supplies will lead to higher heating bills this winter, particularly for those who heat with natural gas (and secondarily for those who heat with natural-gas-generated electricity). These shocks exacerbate a five-year trend in increasing natural gas prices, for reasons that …
Michael Giberson FERC has issued a new proposed rule that would revise regulations governing ?Qualifying Facilities? (QF). QFs are small renewable energy generators or cogeneration facilities that, under the Public Utility Regulatory Policies Act of 1978, gained the right to sell power to public utilities at the utilities? ?avoided cost.? This right to sell power, …
The Energy Policy Act and Cogeneration – What the Qf? Read More »
Lynne Kiesling Dr. Vino has post on wine shipping costs, and various aspects of them. Shipping costs can be high; after all, glass bottles of liquids are heavy. That said, I think that the cult winery that is charging him $68 to ship a case of wine from California to New York could be gilding …
Lynne Kiesling Congratulations to Thomas Schelling and Robert Aumann on receiving this year’s Nobel Prize in Economics! I have profited from the work of both, and think this is a great award. Tyler Cowen has informative posts on both Schelling and Aumann. Honestly, I was exposed to Aumann through my classes in graduate school, but …
Michael Giberson At Marginal Revolution, Tyler Cowen points to a USA Today story about Penguin Books’ new Great Ideas series. The books offer extracts, the USA Today story called them “samplings”, from great non-fiction. The first twenty books include work by Seneca, Machiavelli, Rousseau, Schopenhauer, and Orwell. The Penguin website invites visitors to vote on …
Lynne Kiesling James Hamilton’s got a really nice discussion of a new House energy bill. His discussion highlights some aspects of the business of oil refining that I didn’t go into in my recent WSJ Econoblog, the most important of which being that petroleum refining just isn’t that profitable, on average. This House bill is …
Lynne Kiesling Yes, it does sound like it’s in environmental economics. From the Sun-Times: Two Americans and a French scientist won the Nobel Prize in chemistry Wednesday for developing a chemical “dance” that makes molecules swap atoms, a process now used to create medicines, plastics and other products with more efficiency and less environmental hazard. …
Lynne Kiesling Thanks to Brian Micklethwait at the Adam Smith Institute for introducing me to the Private Sector Development Blog at the World Bank. Lots of great market-based development commentary.
Michael Giberson So many potential Supreme Court nominees, and so little time to evaluate them all! New World Man has put together a quiz to help you find the one that is right for you. (Be sure to read the update.) It told me I would like Edith Holland Jones: JUDGE EDITH HOLLAN JONESU.S. Court …
Who is Your Favorite Candidate for the Supreme Court? Read More »
Lynne Kiesling For the past seven years or so, the phrase “resource adequacy” has received increasing attention in electricity policy. The basic idea is this: before the Energy Policy Act of 1992, vertically-integrated utilities met their future regulatory “obligation to serve” mandate through integrated resource planning (IRP). Customers paid fixed, average, regulated retail rates, and …
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