November 22, 2010

U.S. Companies Getting into the Lng Export Business

Michael Giberson More evidence that shale gas development is changing the international (not just the United States) natural gas market: A US LNG terminal is spending $2 billion to add export capability.  Currently Freeport LNG has the capability to re-export stored LNG; the new investment will add the capability to liquefy US-produced natural gas. Last Friday, November 19, …

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Confusopoly (With a Note on Retail Gasoline Market Strategies)

Michael Giberson In case you missed it: a little economics courtesy of Scott Adams and Dilbert: Some economists have asserted that Edgeworth competition in retail gasoline markets involves a variant of this strategy. If the same retail store always had the lowest price, even the most confused customer would eventually figure it out. Keep the …

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