Michael Giberson A handful of stories raising power market design issues: The Oregonian, “Northwest wind power to double but inconsistency creates nightmare“: “The value of BPA’s surplus power sales are already being undermined by wind energy sloshing into the market. That ultimately increases rates for its public utility customers, who are loathe to absorb any additional …
Michael Giberson Francis Fukuyama’s review of the new edition of F. A. Hayek’s “The Constitution of Liberty” has prompted a small eruption of commentary in the econoblogosphere. (See here and here, for example.) I thought there might be some interest in Sidney Hook’s review of the original edition of “The Constitution of Liberty,” published in the …
Sidney Hook’s 1960 Review of Hayek’s “The Constitution of Liberty” Read More »
Michael Giberson The Sunday New York Times Book Review carried a review by Francis Fukuyama of the new edition of Hayek’s The Constitution of Liberty. The review does Hayek the favor of distinguishing his views from those of a certain recent talk-radio enthusiast. Fukuyama noted that Hayek’s views are more complex than they are usually …
Fukuyama Reviews New Edition of Hayek’s Constitution of Liberty Read More »
Michael Giberson To call the administration’s Oil and Gas Price Fraud Working Group a circus clown’s balloon would insult clowns and their balloons, but there are certainly similarities: both are capable of being twisted this way and that, both are filled by hot air, and both are wholly lacking in meaningful economic content. From the …
Michael Giberson The Electric Power Research Institute has just published “Electricity Energy Storage Technology Options: A White Paper Primer on Applications, Costs and Benefits.” I haven’t read the report – including appendices it is 170 pages long – but the news release claims: “Study results indicate that the total U.S. energy storage market could be …
Epri White Paper Surveys the Electrical Energy Storage Field Read More »
Michael Giberson Matt Ridley, esteemed science writer (The Red Queen, The Origins of Virtue, Genome: The Autobiography of a Species in 23 Chapters, Nature via Nurture, Francis Crick: Discoverer of the Genetic Code, and most recently The Rational Optimist), turns his prodigious writing talent to a short booklet on the prospects for shale gas to remake the energy landscape: …
Michael Giberson The most detailed study of a prepaid power program in the United States is EPRI’s “Paying Upfront: A Review of Salt River Project’s M-Power Prepaid Program.” The report provides a good overview and assessment of the program. See the abstract, copied below, for more of a description of the content. One issue of …
Michael Giberson With Exxon Mobil reporting $10.65 billion profits for the quarter, expect (1) news reports on the billions of dollars in profits the company is raking in even as consumers are faced with $4/gallon gasoline, followed by (2) outraged political commentary about how Exxon is profiting from consumer misery. Mark Perry, blogging at Carpe …
Mark Perry: Gasoline Taxes Vs. Exxon Profit, Per Gallon Read More »
Michael Giberson At the Freakonomics blog, guest Charles Fishman explains “Why water will never be the next oil.” A sample: If you leave aside the somewhat silly world of bottled water, there has been almost no innovation in the industry of water for decades. A water facility today uses the exact same technology it did in 1973. In what …
A Wal-mart Long-haul Truck Has More Intelligence in It Than a Typical Water System Read More »
Michael Giberson Casually scanning a solar resource map wouldn’t naturally lead you to think that New Jersey would be a good candidate for solar power, but state government policies have resulted in it leaping into second place in PV installations (after California) in 2010. More PV was installed in New Jersey last year than in …
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