Michael Giberson At Energy Outlook, Geoff Styles writes: Oil prices set another record last week, closing above $145 per barrel for the first time, on the strength of heightened fears of an attack by Israel or the US on Iran, combined with a dip in US commercial oil inventories below 300 million barrels, their lowest …
Oil Inventories Are Falling, but What Does It Mean? Read More »
Michael Giberson Chapman University law professor Tom W. Bell put together a brief statement of principles that the CFTC is encouraged to keep in mind as it considers its stance toward prediction markets. I was among the twenty or so folks who joined Bell in the statement, which he submitted to the CFTC in response …
Prediction Market Petitioners Urge Cftc to “First, Do No Harm” Read More »
Michael Giberson Renewable energy mandates are often popular state polices. According to the US Department of Energy, 24 states and the District of Columbia have “renewable portfolio standards” (RPS) which requires that a minimum percentage of power consumed in the state come from renewable resources. Four other states have non-binding goals. (Wikipedia on RPS for …
Group Challenges Arizona Law Mandating Payments for Renewable Energy Supplies Read More »
Michael Giberson The Global Subsidies Institute takes note of a report on the consumer (and taxpayer) costs of ethanol-blended fuel in Missouri: A report from a Missouri-based research organization debunks the claim that Missourians are saving money through a state law requiring that retail gasoline contain a minimum of 10% ethanol. The report is in …
Michael Giberson On July 4, The Guardian newspaper reported: Biofuels have forced global food prices up by 75% – far more than previously estimated – according to a confidential World Bank report obtained by the Guardian. The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by …
Michael Giberson Maybe you already knew this, but I just learned a few days ago that the United States Association for Energy Economics has a working paper series online, hosted at the SSRN. Your research paper can be included (see guidelines here). And while we’re talking about the USAEE, note that the 2008 annual meeting …
United States Association for Energy Economics Working Paper Series Read More »
Michael Giberson Up the Yangtze, a documentary by Yung Chang, examines changes along the Yangtze river in China due to the construction of the Three Gorges dam through the stories of two Chinese youth who took jobs on a cruise ship. The cruises are called “farewell tours” because they offer the chance to see parts …
Michael Giberson Sebastian Mallaby provides a clear exposition of what might be considered the mainstream economics story of why “speculation” is not to blame for the current high level of oil prices. [A] speculator can buy paper oil only if someone else sells to him. For every trader who bets on a price rise, there …
Michael Giberson Greg Mankiw called it “the Pigou Club in a Nutshell“, quoting the following from Tim Kane: we should aim to tax the bad things (noise, gasoline, trash, violent crime, evil foreign dictators) and untax the good things (homegrown profits, employment, innovation). But take another look at that list of “bad things”: noise, gasoline, …
Michael Giberson An article in the Washington Post discusses what you can do when building a new home to help keep energy costs low. Here Michael McKechnie of Mountain View Builders in Berkeley Springs, WV, provides a summary: McKechnie outlined the major steps to building a house with the lowest possible energy costs and perhaps …
Responding to Higher Energy Costs, the Home Building Version Read More »
Copyright © 2022 Knowledge Problem Archive