Michael Giberson What’s up with crude oil prices? A few updates from around the web: FuelFix.com: Oil Prices 101: Why is our crude so expensive? Financial Times EnergySource: “Either the Saudis step in or oil prices are going to the moon (and other predictions)“ Reuters: “NYMEX-US crude hits $103 on Libyan worries, eyes data“ Associated … More Crude Oil prices reacting to the Middle East, North African unrest
Michael Giberson James Hamilton explains a bit more about market conditions driving the split between two benchmark crude oil prices, West Texas Intermediate and Brent. See “Brent-WTI spread” at EconBrowser. Hamilton directs his reader to additional detail in a post by Gail the Actuary at the Oil Drum (originally posted as “Why are WTI and Brent … More More on Cushing and the WTI-Brent crude oil price spread
Michael Giberson Jason Maynard has produced a thesis examining “The Effects of Anti-Price Gouging Legislation on Supply Chain Dynamics“: Abstract: The purpose of this thesis is to model the effects of anti-price gouging (APG) legislation on the costs to businesses during the recovery period of a disaster. A system dynamics model of a business’s replenishment … More Effects of Anti-Price Gouging Legislation on Supply Chain Dynamics
Michael Giberson Price gouging is “Evil Corporate Plot #1,235,086.” Story includes photographic evidence of the consequences of corporate wheeling and dealing. A gripping tale. (HT to Mungowitz at KPC.)
Michael Giberson What do we owe the status quo? Uwe Reinhardt, Economix, asks “How convincing is the case for free trade?” In his column, Reinhardt takes note of a few discussions of free trade without taking a stand himself. But he ends with a provocative quote from Alan Blinder: “If we economists stubbornly insist on chanting ‘free trade … More If truth is what your freshmen students let you get away with, then…
Michael Giberson Since December 30 I’ve been responding to twice-a-day prompts to report how I feel and what I am doing. Loosely speaking I am taking part in the Mappiness research project, but Mappiness is primarily focused on mapping “subjective well being” over time and place within the U.K. No guarantee that my data is … More How has my happiness varied over time?
Michael Giberson The House of Representatives budget battle has produced a few shots at the ethanol industry, including “Sullivan of Oklahoma Amendment No. 94,” a proposal to prevent the EPA from taking steps to encourage the sale of gasoline with higher ethanol content for use in newer cars. The amendment succeeded, 285-136 (12 not voting), … More The geography of ethanol’s support in Congress