Michael Giberson Holman Jenkins’s editorial on energy in yesterday’s WSJ seems to take the right approach: [W]e can’t drill our way out of the dilemmas of living in the world. But drilling is one of many things we can do that are worth doing. Over time, the price mechanism and technology will tell us how …
Energy is Not Scarce: Comment on Wilkinson on the Sustainability of Economic Growth Read More »
Michael Giberson On July 21, the New York Independent System Operator (NYISO) filed what was in effect an emergency rule change – proposed to go into effect the morning of the next day unless FERC stopped it (and FERC didn’t stop it) – in order to bring to a halt certain gaming activities pursued by …
Michael Giberson Usually, retail gasoline prices do go up faster than they fall. Martha White, in Slate’s Explainer column, explains: Analyses of gasoline economics show that when the price of oil rises, it takes up to four weeks for gas station prices to catch up, with most of the increase taking place within the first …
Do Retail Gasoline Prices Go Up Faster Than They Come Down? Read More »
Michael Giberson According to an Associated Press story, “A bipartisan group of 27 elder statesmen is sending an open letter to both presidential candidates and every member of Congress saying the country faces ‘a long-term energy crisis’ that threatens the security and prosperity of future generations if swift action isn’t taken.” More from the article: …
Michael Giberson The “wild assertions about speculation and manipulation are defective and completely unsupported by reliable evidence,” said Craig Pirrong, writing in the WSJ about congressional proposals to scapegoat speculator participation in oil futures trading. Restricting these speculators won’t reduce the price of oil — but they are likely to make consumers and investors worse …
From the Houston Chronicle: A majority of Texans would be willing to pay $4 more on their monthly electric bills to create a network of power lines from wind farms, according to a recent poll. The survey, commissioned by a group of wind generation companies, is being released in advance of state utility regulators’ debate …
Many Texans Willing to Pay a Little More to Get Wind Power Read More »
Michael Giberson My posting will be light over the next two weeks or so as I switch jobs and move a little more than half-way across the country. Beginning with the fall semester I will be teaching in the energy commerce program at Texas Tech University‘s Rawls College of Business.
Michael Giberson In the booming business of building wind power systems, manufacturers have found a number of critical components to be hard to find. From Renewable Energy World magazine: In recent years component shortages have occurred in a number of key supply chain areas including single main bearings, gearboxes, generators, main shafts, control cabinets, and …
Heavy Demand for Wind Power Exposes Weak Links in Supply Chain Read More »
Michael Giberson An article on the barriers to combined heat and power plants from Forbes: Utilities that want to can often hit projects with repeated delays. [Neal Elliott of the American Council for an Energy-Efficient Economy] describes the sort of scenarios he’s seen. “Require an interconnection study, takes 60 days, present the study, 60 days …
Combined Heat and Power Plants Killed by Gratuitous Delays Read More »
Michael Giberson T. Boone Pickens, the oil and gas billionaire now making a splash in wind energy, has released the “Pickens Plan” for reforming the U.S. energy landscape. In brief, use a lot more wind power to displace natural gas used in electric power generation, and use the natural gas to displace gasoline in transportation …
The Pickens Plan and Other Stories Involving Wind Energy Read More »
Copyright © 2022 Knowledge Problem Archive