August 15, 2008

Critiques of Obama’s Oil Windfall Profits Tax Proposals

1 Comment / Economics, Energy markets / By

Lynne Kiesling OK, critiquing windfall profits taxes is pretty elementary skeet shooting target practice for economists, but Tim Worstall does it so eloquently in the Register! More people want to use $30, $50, $90 oil than there is oil to go around at that price so markets do their magic thing, prices adjust and supply …

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5-Year Blackout Anniversary Prompts Some Introspection

1 Comment / Economics, Electricity / By

Lynne Kiesling Five years ago this week, a large blackout in North America affected 50 million people and cost $6 billion (see thKP archive from August 2003 for posts from that time). The enormity of the blackout led to a large forensic report and lots of follow-up, including recommendations designed to solidify and reinforce reliability …

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