Shale gas glut, but won’t last? The underlying model

Lynne Kiesling Ken Silverstein has a good article in Forbes on the business prospects for shale gas developers (and I’m glad to see him there, having followed his work for a very long time). Since he asks in the title whether low shale gas prices are a mirage, I think it’s useful to go through… More Shale gas glut, but won’t last? The underlying model

Soul searching in economics, Davos division

Lynne Kiesling In Davos on Friday, the FT’s Martin Wolf chaired a panel discussion of economists including Peter Diamond, Joe Stiglitz, Robert Shiller, and Brian Arthur. His summary of the discussion is very well worth reading, because he highlights 10 important ideas that arose in the conversation. I’m going to summarize them here, which is… More Soul searching in economics, Davos division

Keystone XL jobs: estimates range from a few thousand to about 1.47 bazillion

Michael Giberson The Columbia Journalism Review takes a look at the jobs numbers that have been cited in news stories about the Keystone XL pipeline and traces them back to their shaky foundations. It is a detailed and useful reminder of the slim link to reality that these claims have. (I use an easier method:… More Keystone XL jobs: estimates range from a few thousand to about 1.47 bazillion

Minnesota biomass projects squeezed by low natural gas prices, leaves some hoping for higher gas prices

Michael Giberson The Minneapolis Star Tribune reports that low natural gas prices are putting the squeeze on biomass-based energy projects in Minnesota, in some cases including biomass projects supported by direct taxpayer or ratepayer subsidies. One example, an ethanol plant once gained about 20 percent of its heat from a $20 million biomass gasification system.… More Minnesota biomass projects squeezed by low natural gas prices, leaves some hoping for higher gas prices

A Friday flash

Lynne Kiesling I found a lot of interesting and insightful thoughts in my morning reading today; here’s a synopsis: Election year linguistics 1: The New York Times has an analysis of the language used by Obama and the four presidential candidates; at Cato at Liberty, David Boaz points out how different Ron Paul’s emphasis is… More A Friday flash

Was federal government support critical to the shale gas breakthrough?

Michael Giberson In the State of the Union address, President Obama invoked a little federal government research history and then jumped to the kind of logical non sequitur so common to those who see the world through politically-colored glasses: The development of natural gas will create jobs and power trucks and factories that are cleaner… More Was federal government support critical to the shale gas breakthrough?