Lynne Kiesling Happy Thanksgiving to you all! I have a LOT for which to be grateful this year, and I won’t bore you with the details. But I will leave you with a cautionary note from Reason.tv’s interview with chef Anthony Bourdain entitled “Better Enjoy Your Foie Gras Now”. Here in Chicago we cannot buy … More Happy Thanksgiving! Enjoy That Fattening Food While You Can? … More Happy Thanksgiving! Enjoy That Fattening Food While You Can?
Lynne Kiesling Today’s a big national travel day, and many of us are flying about. Painful. As we’ve discussed here before, airport takeoff-landing slot congestion pricing would be the most sensible and efficiency-promoting policy, but the FAA, Congress, and the airlines are not inclined to implement anything sensible or efficiency-promoting. One of the outgrowths of … More Happy Travels? Will Federal Policy Bring Economics to Airports? … More Happy Travels? Will Federal Policy Bring Economics to Airports?
Michael Giberson Courtesy of industry thinker Jeffrey D. Roark comes this contribution to understanding some of the differences between power produced in “regulated” and “deregulated” states. Click on the image to see a larger version. Charts were developed using the EIA data cited in the image. Roark draws attention to two points: first, that the … More Generation Shares by Fuel Type: Regulated and Deregulated States … More Generation Shares by Fuel Type: Regulated and Deregulated States
Lynne Kiesling I have a question, or qualification, of Mike’s excellent post about prices as property the other day. What about the string of court rulings that allow Intercontinental Exchange to use NYMEX’s market prices for ICE’s transaction settlements? Isn’t that equivalent to declaring that NYMEX does not have a property right in its own … More Prices Aren’t Always Property … More Prices Aren’t Always Property
Lynne Kiesling I am so in professional platonic love with Tim Haab right now that it’s not even funny. This Environmental Economics post is so wonderful on so many levels: So let’s take a quick look the basics and then use it to explain why the current high gas prices are your fault. … The … More High Gas Prices: Demand-driven … More High Gas Prices: Demand-driven
Lynne Kiesling I’ve been waiting for something like this for years! A company called Blue Source has a potentially commercially viable carbon capture business model that involves the captured CO2 actually being useful: Blue Source is piping industrial carbon dioxide from a natural-gas processing plant in southeastern Colorado to an undisclosed oil producer that will, … More Making Use of Captured Carbon … More Making Use of Captured Carbon
Michael Giberson Rich Sweeney, at Common Tragedies, writes about three common characters that populate some of the industrial/bureaucratic commentary over cap-and-trade carbon permit systems: hoarders, speculators and do-gooders. A hoarder may be a low-carbon intensity electric generator seeking to bid up the cost of carbon permits to drive up costs for rivals and drive up … More Cap-And-Trade Characters: Hoarders, Speculators and Do-gooders … More Cap-And-Trade Characters: Hoarders, Speculators and Do-gooders
Michael Giberson I know the internet mantra “information wants to be free,” the bane of many copyright holders. Macy’s, among many others, is one retail Goliath fighting against the free flow of information online. The Chilling Effects Clearinghouse posted online a copy of Macy’s letter to bfads.net, the “David” in this David and Goliath story, … More Prices Are Information Goods, and Information Wants to Be Expensive, Because It’s So Valuable … More Prices Are Information Goods, and Information Wants to Be Expensive, Because It’s So Valuable
Michael Giberson From the Baltimore Sun, columnist Jay Hancock highlights part of one story buried in the most recent report on the dispute between PJM and its Market Monitoring Unit (MMU). Hancock writes: On Sept. 14, 2004, a tipster urged electricity administrators to investigate a power generation plant that seemed to be charging extra-high prices … More Pjm, Its Market Monitoring Unit, and the Hotline Tipster’s Allegation of Market Power … More Pjm, Its Market Monitoring Unit, and the Hotline Tipster’s Allegation of Market Power
Lynne Kiesling In the five-plus years of Knowledge Problem’s existence, one of the topics on which I have opined extensively is the efficiency and conservation benefits of congestion pricing. Recently, Mike had two great posts on congestion pricing, one on how economists don’t understand the opposition to congestion pricing, and one on the unwillingness of … More Gridlock! Drew Carey and Reason.tv on Road Pricing … More Gridlock! Drew Carey and Reason.tv on Road Pricing