In parts of north Texas, electric retailers in effect are willing to pay consumers a little bit in exchange for the retailer taking on price risk. Crazy, right? No, it isn’t crazy, it is wind power.
Lynne Kiesling On Thursday President-elect Obama named law professor Cass Sunstein to head the Office of Information and Regulatory Affairs, an executive-branch office with the mission of analyzing and coordinating federal regulation. Most recently, Sunstein is known for his work with Richard Thaler on “choice architecture” and behavioral public policy, including their book Nudge. Others …
Lynne Kiesling EcoGeek has a list of green cars being debuted at the Detroit auto show, and it’s longer than you might think, with more manufacturers (US and foreign) than expected.
Michael Giberson At the Streetwise Professor, Craig Pirrong writes that the periodic interruptions in natural gas flows from Russia across Ukraine present a “classic bilateral monopoly situation.” Bottom line–there are no saints involved in this episode. There is a classic bilateral monopoly situation. Each side is using its leverage to try to extract as much …
Russia and Ukraine Natural Gas Disputes Illustrate the Bilateral Monopoly Problem Read More »
Lynne Kiesling Very interesting story in today’s Wall Street Journal about BYD, a Chinese firm manufacturing electric vehicles. One of the most interesting points in this article: despite the global economic downturn, BYD is increasing its operations, first in China and then planned for US and Europe, because entry barriers are lower in the electric …
Lynne Kiesling I have one thing to say today: GO STEELERS! I will be sportin’ my black and gold swag at home today, and watching the game. I like watching the Steelers, but I have to admit that the thing I really like most about watching the Steelers is seeing the cityscape photography of Pittsburgh …
Lynne Kiesling A couple of nifty food notes have crossed my path today. First, an incredibly handy list of places to find duck fat french fries around the US, including the fabulous Hot Doug’s in Roscoe Village in Chicago. Yummmmm, encased meats! Interestingly, the hat tip for this article goes to John Hodgman’s Twitter feed. …
Culinary Notes: Foods That Are Good for You, Including … Duck Fat? Read More »
Michael Giberson The WSJ’s Environmental Capital blog notes that the price for “WTI”, which is to say the price for West Texas Intermediate grade of crude oil, a commonly used benchmark for quoting crude oil prices, has been drifting out of the usual relationships with other commonly used benchmarks, like Brent crude. (Here is Wikipedia …
Michael Giberson Simon Johnson reviews and provides a summary of a paper by Daron Acemoglu on the current financial crisis. Johnson summarizes one of Acemoglu’s points as follows: The seeds of the crisis were sown in the Great Moderation (the low inflation, relatively stable last 20 years or so). Everyone who patted themselves or others …
What Model for the Financial System Breakdown? Falling Dominoes? Cascading Outages? Read More »
Michael Giberson The Houston Chronicle, among others, report on a Continental Airlines test flight relying in part on biofuels. On Wednesday, a Continental Airlines Boeing 737-800 became the first U.S. commercial jet to fly on a mix of conventional jet fuel and biofuels…. “The airplane performed perfectly,” test pilot Rich Jankowski said. “There were no …
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