Lynne Kiesling Without whom, there would be no induction-based generation of electricity, the modern electronic world as we know it would not exist, and I would have to write about something else. Three cheers to the genius of Faraday! And thanks to Wired for noting his birthday.
Michael Giberson On the last day of trading for NYMEX’s October contract for crude oil prices jumped a record $16.37/barrel to close at $120.92/barrel. To some observers, the sharp movement on the last day of trading suggests a classic manipulative squeeze. From Bloomberg: “This looks like a squeeze play,” said Phil Flynn, senior trader at …
Today’s Record Nymex Oil Price Jump – Is It a Manipulative Squeeze? Read More »
Lynne Kiesling Courtesy of Rich Sweeney at Common Tragedies, this is the most direct impact that the AIG bailout will have in the KP household (click through to see what I mean). Tee hee!
Michael Giberson My former employer in the news.* The Regional Greenhouse Gas Initiative (RGGI) announced earlier this week that it had selected Potomac Economics to “perform market monitoring services for the states participating in RGGI auctions.” “We went looking for and hired an experienced watchdog to ensure market participants that the RGGI auction process is …
Market Monitor Announced for Rggi Cap-and-trade Auctions Read More »
Lynne Kiesling Jeez, what a week … not being a financial expert, I am loathe to opine on what’s been going on in financial markets this week. I do find some things striking, particularly from a historical perspective. The first thing that strikes me is that what’s driven this is the development and use of …
Michael Giberson In the wholesale power markets world, commercial energy storage concepts are commonly somewhat of an afterthought. None of the large regional wholesale power markets integrated into transmission operations put too much effort into thinking about energy storage as they developed their market rules. A part of the problem is that the transmission system …
Energy Storage on the Grid: Transmission Equipment or Market Participant? Read More »
Lynne Kiesling Here’s a good podcast from IBM: IBM and the Future of Energy: The next five years will be pivotal for the energy and utility industry. Consumers are no longer content to be recipients of energy, they want more choices about how they buy it, how they manage it, and the impact energy production …
Lynne Kiesling Last week I noted JetBlue’s eBay store for selling tickets, and I said … I agree with one of the commenters that I wish music concerts and sporting events would start doing the same. Well … what I had in mind was last-minute tickets for games and concerts, but here’s a variation on …
Lynne Kiesling Last month, Wired celebrated the 120th anniversary of the electricity meter. More specifically, the anniversary of the patent for the first really commercially viable electro-mechanical meter. Edison, being Edison, had come up with others before, but they “didn’t scale”, and were messy because they were chemical, not mechanical. This post provides a nice …
Lynne Kiesling Oil prices have declined since their July high, but the decrease has been particularly precipitous in the past week. As of 8:23 EDT this morning, the NYMEX future price is $91.73/bbl. Less than $100! Why? Here are my off-the-cuff thoughts: 1. Financial market instability Oil prices are a leading indicator of expectations of …
Why the Precipitous Decline in Oil Prices? Adapting to Changing Expectations Read More »
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