OPEC: Threat or menace…?

Michael Giberson … or a clumsy cartel causing excessive volatility in world oil prices, or maybe none of the above. Earlier this week the Cato Institute hosted a discussion of a recent report by Andrew Morriss and Roger Meiners, “Competition in World Oil Markets: A Meta-Analysis and Review.” Panelists included Morriss, FedEx chairman Frederick Smith, and … More OPEC: Threat or menace…?

Gasoline retailer getting gouged by New Jersey Attorney General?

Michael Giberson Last week the New Jersey Office of the Attorney General announced settlement of two of the 24 post-Sandy price gouging cases the state has pursued. Shiv Shivam Inc., doing business as Lukoil in Piscataway agreed to pay $20,000 to the state; C.S. George & Sons, Inc., doing business as George’s Gulf Station in … More Gasoline retailer getting gouged by New Jersey Attorney General?

Is Iowa solar power ruling a camel’s nose into electric utility’s monopoly tent?

Michael Giberson Eagle Point Solar, a for-profit solar power installer and operator, proposed to build a solar PV array on a Dubuque, Iowa municipal building under a long-term contract with the city. Under the contract, Eagle Point would own the solar array and sell power to the city in a “behind the meter” arrangement. The … More Is Iowa solar power ruling a camel’s nose into electric utility’s monopoly tent?

Department stores as economically transformative

Lynne Kiesling Recently Virginia Postrel used the US (PBS) premiere of “Mr. Selfridge” to highlight the underappreciated social and economic role of the department store. As she notes, Yet like railroads and telegraphs, the department stores of the late 19th and early 20th century were socially and economically transformative institutions. They pioneered innovations ranging from … More Department stores as economically transformative

“The U.S. has thousands of energy strategies”

Michael Giberson The Wall Street Journal printed a letter to the editor from Dick Gillette which gets right the response to calls for a unified U.S. energy strategy. Business Roundtable President John Engler earlier had complained the United States had no energy strategy and concluded that the nation was missing valuable opportunities because of it. … More “The U.S. has thousands of energy strategies”

Europe wood. Wood you?

Michael Giberson From The Economist, “Wood, The fuel of the future“: WHICH source of renewable energy is most important to the European Union? Solar power, perhaps? (Europe has three-quarters of the world’s total installed capacity of solar photovoltaic energy.) Or wind? (Germany trebled its wind-power capacity in the past decade.) The answer is neither. By … More Europe wood. Wood you?