Michael Giberson The ever quotable Yzma, from Disney’s The Emperor’s New Groove: Ah, how shall I do it? Oh, I know. I’ll turn him into a flea, a harmless, little flea, and then I’ll put that flea in a box, and then I’ll put that box inside of another box, and then I’ll mail that …
Comments on comparing cap-and-trade and carbon taxes as ways to regulated greenhouse gases.
Michael Giberson Power to The Woodlands, Texas, a little north of Houston, is delivered by two different companies. Depending on which neighborhood you live in, either your power comes via CenterPoint Energy or it comes via Entergy Texas. After power outages caused by Hurricane Ike, it took up to a week longer for power to …
Michael Giberson Lynne’s rambling post on Cass Sunstein – so much to think about, so little time! – came to mind when I read this Freakonomics blog post on trayless college cafeterias.
In parts of north Texas, electric retailers in effect are willing to pay consumers a little bit in exchange for the retailer taking on price risk. Crazy, right? No, it isn’t crazy, it is wind power.
Michael Giberson At the Streetwise Professor, Craig Pirrong writes that the periodic interruptions in natural gas flows from Russia across Ukraine present a “classic bilateral monopoly situation.” Bottom line–there are no saints involved in this episode. There is a classic bilateral monopoly situation. Each side is using its leverage to try to extract as much …
Russia and Ukraine Natural Gas Disputes Illustrate the Bilateral Monopoly Problem Read More »
Michael Giberson The WSJ’s Environmental Capital blog notes that the price for “WTI”, which is to say the price for West Texas Intermediate grade of crude oil, a commonly used benchmark for quoting crude oil prices, has been drifting out of the usual relationships with other commonly used benchmarks, like Brent crude. (Here is Wikipedia …
Michael Giberson Simon Johnson reviews and provides a summary of a paper by Daron Acemoglu on the current financial crisis. Johnson summarizes one of Acemoglu’s points as follows: The seeds of the crisis were sown in the Great Moderation (the low inflation, relatively stable last 20 years or so). Everyone who patted themselves or others …
What Model for the Financial System Breakdown? Falling Dominoes? Cascading Outages? Read More »
Michael Giberson The Houston Chronicle, among others, report on a Continental Airlines test flight relying in part on biofuels. On Wednesday, a Continental Airlines Boeing 737-800 became the first U.S. commercial jet to fly on a mix of conventional jet fuel and biofuels…. “The airplane performed perfectly,” test pilot Rich Jankowski said. “There were no …
Markets have rules, and some rules work better than others.
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