Rggi – Results from the First U.S. Cap-and-Trade GHG Permit Auction

Michael Giberson The results from the first RGGI auction have been announced, coming in louder than a whimper, but softer than a bang. As the WSJ Environmental Capital blog reports, “Demand was actually pretty strong.” About 50 million units were bid upon, while just 12.5 million were offered. The demand pushed the clearing price to … More Rggi – Results from the First U.S. Cap-and-Trade GHG Permit AuctionMore Rggi – Results from the First U.S. Cap-and-Trade GHG Permit Auction

Love and Money – Another West Texas Wind Energy Story

Michael Giberson “We used to curse the wind,” Max Watt said. “Now we love it.” The aptly named Max Watt is a Nolan County, Texas landowner benefiting from the wind energy boom. The quote is from a Reuters story describing how the boom in wind farm construction in west Texas has led to a boom … More Love and Money – Another West Texas Wind Energy StoryMore Love and Money – Another West Texas Wind Energy Story

Gasoline is Available in Lubbock at $3.35/gal.

Michael Giberson Yes, Texas has a price gouging law, and yes the Attorney General recently has issued a press release warning against price gouging – actually multiple press releases (Sept 16, Sept 19, Sept 24; a second press release of Sept 16 noted that state hotel tax collections were suspended for persons displaced by Hurricane … More Gasoline is Available in Lubbock at $3.35/gal.More Gasoline is Available in Lubbock at $3.35/gal.

Neil Netanel’s “Copyright’s Paradox”

Lynne Kiesling Cory Doctorow at Boing Boing alerts us to a new book on copyright by Neil Netanel, Copyright’s Paradox. I haven’t read it yet, but I trust Cory’s recommendations, and pass them on to you without further comment as I put it on my “to read” list. Note also that many of the comments … More Neil Netanel’s “Copyright’s Paradox”More Neil Netanel’s “Copyright’s Paradox”

More Definitive Evidence That Property Rights Improve Fishing Yields and Sustainability

Lynne Kiesling I’ve been enjoying this new research from environmental economist Chris Costello and his two co-authors, Steven Gaines and John Lynham: “Can Catch Shares Prevent Fisheries Collapse?”: Recent reports suggest that most of the world’s commercial fisheries could collapse within decades. Although poor fisheries governance is often implicated, evaluation of solutions remains rare. Bioeconomic … More More Definitive Evidence That Property Rights Improve Fishing Yields and SustainabilityMore More Definitive Evidence That Property Rights Improve Fishing Yields and Sustainability

Antitrust Policy Conference at Nu

Lynne Kiesling Today and tomorrow I’m at a antitrust law and policy conference at Northwestern, co-sponsored by the Searle Center on Law, Regulation, and Economic Growth and the Center for the Study of Industrial Organization. As you can see from the agenda, it’s full of interesting papers from top antitrust scholars and practitioners. … More Antitrust Policy Conference at Nu

First Rggi Auction Today, Results to Be Posted Monday

Michael Giberson The Regional Greenhouse Gas Initiative held their first CO2 permit auction today. At the WSJ Environmental Capital blog, Keith Johnson said RGGI “is more likely to start with a whimper than a bang,” and asks “Will it work?” Johnson reports: RGGI’s first auction today, of about 12.5 million emissions permits, isn’t attracting a … More First Rggi Auction Today, Results to Be Posted MondayMore First Rggi Auction Today, Results to Be Posted Monday

Supply Problem + Price Gouging Law = Rationing Gas by Running out

Michael Giberson Robert Rapier at R-Squared Energy Blog noticed the EIA showing gasoline inventories at their lowest levels since 1967, and because consumption rates are higher now than in 1967, he pointed out that “days of supply” in inventory is probably at its lowest level ever. Rapier comments: Someone asked during a panel discussion at … More Supply Problem + Price Gouging Law = Rationing Gas by Running out

Good Summaries to Help Understand the Financial Turmoil

Lynne Kiesling Last week at Freakonomics, Doug Diamond and Anil Kashyap had a great guest post to help put it in perspective, and I recommend it to all. Yesterday Steve posted a link to a critique of Paulson’s bailout plan by Luis Zingales. A must read. His conclusion: Do we want to live in a … More Good Summaries to Help Understand the Financial TurmoilMore Good Summaries to Help Understand the Financial Turmoil

Financial Upheaval and the Energy Industry

Lynne Kiesling One of the consequences of the current financial market upheaval is MidAmerican’s buyout of Constellation Energy. See also the discussion at WSJ’s Environmental Capital of this and other possible consequences for energy industries. Keith Johnson at WSJ also thinks that this move shows an interest on Warren Buffet’s part in nuclear assets. Electricit√© … More Financial Upheaval and the Energy IndustryMore Financial Upheaval and the Energy Industry