Michael Giberson “Price gouging” is by intent a pejorative term. Nobody wants to get gouged, by a price or in any other manner. Analysts advocating or defending price flexibility for key goods and services in disaster struck areas are burdened from the beginning by the derogatory term. In an editorial essay advocating for post-flooding pricing …
Legalize Sustainable Pricing to Promote Recovery from Disasters Read More »
Michael Giberson A range of recent news stories report on price gouging, but the wide variety of cases in which the term “price gouging” gets invoked raises the question of what actually is price gouging. About all that these cases have in common is a price for a good higher than some other price used …
Price Gouging Defined: Looking for Family Resemblences Read More »
Michael Giberson Joe Ragan, a VP at Power generation company NRG, recently opined in the Houston Chronicle in favor of a capacity market for the ERCOT power grid in Texas. A capacity market provides what you might call “being there” payments to generators, whether the generator’s power turns out to be demanded in the market …
Michael Giberson Tornadoes and floods have led to official declarations of disasters for parts of at least four states (Oklahoma, Missouri, Iowa, and Texas). All four states have laws against excessive price increases after emergencies, at least for the counties covered by the disaster declaration, and three of the Attorney Generals have issued a press …
Michael Giberson Last week a show on Fox Business News ran a segment titled, “Preventing Price Gouging of Storm Victims.” Spoiler: Show host Gerri Willis and Florida Attorney General Pam Bondi chat about price gouging, but nothing much about “preventing price gouging” except that if you do it in Florida, the state “will be coming …
Fox Business: Preventing Price Gouging of Storm Victims Read More »
Michael Giberson What do changes in the domestic U.S. natural gas market have to tell us about the world oil market? Hirsch, Bezdek, and Wendling wrote, “The North American natural gas situation provides some useful lessons relevant to the peaking of conventional world oil production.” Here is their assessment of the North American natural gas …
Michael Giberson While digging through the KP archives looking for another old story, I can across a 10-year old post titled “How cool is this?” (Let me warn you now that there isn’t much more to this 2013 post other than to observe that not every cool-sounding technology in 2002 turned out to work. You …
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 …
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 …
Gasoline Retailer Getting Gouged by New Jersey Attorney General? Read More »
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 …
Is Iowa Solar Power Ruling a Camel’s Nose into Electric Utility’s Monopoly Tent? Read More »
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