Michael Giberson The results from the first RGGI auction have been announced, coming in louder than a whimper, but softer than a bang. As the WSJ Environmental Capital blog reports, “Demand was actually pretty strong.” About 50 million units were bid upon, while just 12.5 million were offered. The demand pushed the clearing price to …
Rggi – Results from the First U.S. Cap-and-Trade GHG Permit Auction Read More »
Michael Giberson “We used to curse the wind,” Max Watt said. “Now we love it.” The aptly named Max Watt is a Nolan County, Texas landowner benefiting from the wind energy boom. The quote is from a Reuters story describing how the boom in wind farm construction in west Texas has led to a boom …
Love and Money – Another West Texas Wind Energy Story Read More »
Michael Giberson Yes, Texas has a price gouging law, and yes the Attorney General recently has issued a press release warning against price gouging – actually multiple press releases (Sept 16, Sept 19, Sept 24; a second press release of Sept 16 noted that state hotel tax collections were suspended for persons displaced by Hurricane …
Michael Giberson The Regional Greenhouse Gas Initiative held their first CO2 permit auction today. At the WSJ Environmental Capital blog, Keith Johnson said RGGI “is more likely to start with a whimper than a bang,” and asks “Will it work?” Johnson reports: RGGI’s first auction today, of about 12.5 million emissions permits, isn’t attracting a …
First Rggi Auction Today, Results to Be Posted Monday Read More »
Michael Giberson Robert Rapier at R-Squared Energy Blog noticed the EIA showing gasoline inventories at their lowest levels since 1967, and because consumption rates are higher now than in 1967, he pointed out that “days of supply” in inventory is probably at its lowest level ever. Rapier comments: Someone asked during a panel discussion at …
Supply Problem + Price Gouging Law = Rationing Gas by Running out Read More »
Michael Giberson On the last day of trading for NYMEX’s October contract for crude oil prices jumped a record $16.37/barrel to close at $120.92/barrel. To some observers, the sharp movement on the last day of trading suggests a classic manipulative squeeze. From Bloomberg: “This looks like a squeeze play,” said Phil Flynn, senior trader at …
Today’s Record Nymex Oil Price Jump – Is It a Manipulative Squeeze? Read More »
Michael Giberson My former employer in the news.* The Regional Greenhouse Gas Initiative (RGGI) announced earlier this week that it had selected Potomac Economics to “perform market monitoring services for the states participating in RGGI auctions.” “We went looking for and hired an experienced watchdog to ensure market participants that the RGGI auction process is …
Market Monitor Announced for Rggi Cap-and-trade Auctions Read More »
Michael Giberson In the wholesale power markets world, commercial energy storage concepts are commonly somewhat of an afterthought. None of the large regional wholesale power markets integrated into transmission operations put too much effort into thinking about energy storage as they developed their market rules. A part of the problem is that the transmission system …
Energy Storage on the Grid: Transmission Equipment or Market Participant? Read More »
Michael Giberson Joseph Romm, writing at Grist, notes that a recent Economist story on hydrogen-fueled cars comes to the same conclusion he had reached when he wrote about the Honda Clarity prototype for a Technology Review blog. To wit, there is no hydrogen-powered car in your future. The Economist notes that hydrogen cars do have …
Michael Giberson The question is, “What is up with OPEC?” The New York Times reports from Vienna, where Saudi negotiators both publicly stated support for an agreement to reduce production and privately spread word that they would not be bound by the production targets. In June, King Abdullah pledged that his country would pump at …
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