Lynne Kiesling OPEC ministers are on a PR blitz today, all trying to drive home the point that they will keep producing at current high levels. Indeed, OPEC President Edumun Dakoru says OPEC will stay out of the politics and geopolitics of such member countries as Iran and his home country of Nigeria. Meanwhile, oil …
Lynne Kiesling When I heard this morning about the Hamas victory in the Palestinian elections, my initial reaction was what I characterize as a new institutional economics idea. One of the reasons why transparent democratic governance institutions lead to social stability (as opposed to stasis) and economic growth is that the combination of the transparency …
Lynne Kiesling London will host the Grand Depart, the first stage of the Tour de France, in 2007. Some think it may be a clever, sinister plot to invade England, but if that’s the case, London is paying for the honor: The U.K. capital will host the prologue and first stage of cycling’s biggest event …
Lynne Kiesling Boy oh boy, Randall is really barking up my tree in this post on the cost-saving benefits of precooling buildings! Some of the technology developments needed to allow demand shifting are pretty low tech. It is easy to develop a computer program that will vary the thermostat setting as a function of the …
Futurepundit: Peak Shifting Requires Regulatory Reform Read More »
Lynne Kiesling Check out this very interesting fact from this recent FuturePundit post on using corn as a fuel: And Dennis Buffington, a professor of engineering at Penn State University, provided these figures in a recent Wall Street Journal story about corn stoves: For 1 million BTUs of heat, it takes $16.47 in natural gas, …
Lynne Kiesling Hmmm … another Western-looking former Soviet satellite experiences disruptions to their natural gas supplies. This time it’s Georgia, not Ukraine, but one has to wonder if this is a coincidence. Certainly Georgia President Saakashvili sees dastardly intentions behind the incident: Accusations by Georgian President Mikheil Saakashvili that Russia is to blame for the …
Lynne Kiesling Todd Zywicki beat me to it this morning, so I will only add that I knew this was going to happen, have known it all season … but I’ve known it in the sense that Mike Madison articulated a few days ago: Steeler fans — and this includes Steeler fans everywhere, even in …
Lynne Kiesling Derek’s comment about wind power on my previous post mentions that wind power is not “dispatchable”. This characteristic refers to the extent to which the resource is available to the system operator, who is responsible for the real-time physical balancing of the network, when striving to achieve that balance. Dispatchability has been a …
“Dispatchable” As a Product Characteristic, and How to Deal With It in Markets Read More »
Lynne Kiesling I am enjoying the conversation in the comments on my prior post about wind subsidies. I forgot to include in that post a link to John Whitehead’s post on wind farms at Environmental Economics, building off of a recent John Tierney column in the New York Times. Tierney points out that, as some …
Lynne Kiesling There has been some attention to Whole Foods’ recent announcement that they will purchase sufficient wind energy credits to run all of their stores. The Austin-based company said it is purchasing 458,000 megawatt-hours of wind energy credits a year ? enough to power 44,000 homes annually ? from Renewable Choice Energy of Boulder, …
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