Michael Giberson Philip Tetlock – the expert on political expertise – reviews three books on political forecasting for The National Interest, but the problem of selecting a good forecast equally applies in commerce: Reading these three books, it is easy to feel like a frustrated shopper wandering aimlessly down the forecasting aisle in the supermarket … More Looking for a good forecast?
Michael Giberson Forbes recently ran a story by Jonathon Farey, “Wind Power’s Weird Effect,” about how sometimes high wind power output and limited transmission capability combine to produce wholesale power prices dropping to zero or below. (Of course regular readers here have been aware of the issue at least since last November.) Much more informative … More Give it away now: Wind power and the price of electricity
Michael Giberson In the news, reports of a “cash for clunkers” program for major appliances: USA Today: Appliances get their own recycled clunkers programs; Business Week: Latest in Stimulus: ‘Cash for Refrigerators’; Associated Press: Meltdown 101: Government cash for green appliances. From Business Week: Beginning late this fall, the program authorizes rebates of $50 to … More Appliance sales to get ‘cash for clunkers’ boost?
Michael Giberson Energy consultant Michael Lynch, appearing in the New York Times, says peak oilers don’t know the oil business. “Peak Oil Is a Waste of Energy.” NRG Energy CEO David Crane, in the Washington Post, asserts we need a national energy plan with a regional focus: solar for the Southwest, wind for the Great … More On peak oil and national energy plans
Michael Giberson I laughed at this line in an article in the Washington Post: But one survives by catching the other and selling it to be eaten. So, as economists say, their interests are not always aligned. The article discusses the Maryland state government’s attempt to reduce the number of “limited crab catcher” licenses in … More Crabs and crabbers: “Interests are not always aligned”
Michael Giberson David Schoenbrod and Richard B. Stewart explain why the Waxman-Markey “cap-and-trade” bill isn’t, fundamentally, a market-based approach to regulating greenhouse gasses: As a candidate for president in April 2008, Barack Obama told Fox News that “a cap-and-trade system is a smarter way of controlling pollution” than “top-down” regulation. He was right. With cap … More Highly recommended read on Waxman-Markey: The Cap-and-trade Bait and Switch
Michael Giberson Robert Rapier draws attention to a Los Angeles Times story on a home-based ethanol system. Here are the first two lines from the story: It sounds too good to be true: A residential system that allows people to make fuel from old beer, leftover wine and other waste products and use it to … More If the E-Fuel MicroFueler sounds too good to be true…
Michael Giberson Is it just me, or do you also find the banner image on the ecopolitology site just a little creepy? Anyway, they have a post up on the amount of power that the long delayed Cape Wind offshore wind power plant could have supplied, had it actually been built rather than filibustered, during … More The Cape Wind power project counterfactual
Michael Giberson Al Roth, at his Market Design blog, mentions that his site had been flagged as possibly in violation of Blogger terms of service by his blog host’s anti-spam blog software. He reports that he can still post, but until he gets a review by the Blogger folks he must prove he is probably … More The real meaning of Al Roth’s spam blog email: time to leave the bargain bin
Michael Giberson News reports indicate that the federal government is winding up “Cash for Clunkers” early next week on the expectation that claims will exhaust the $3 billion committed to the program. Just noticed this comment by Robert Barro of two weeks back (HT to Paul Walker/Anti-Dismal): The most ludicrous (though, fortunately, small) intervention thus … More The end of “cash for clunkers”