Author name: Michael Giberson

BPA Continues Not to Have a New Plan for Handling Excess Renewable Power Production

5 Comments / Electricity, Energy markets, Environmental policy / By

Michael Giberson From The Oregonian, “BPA, wind developers argue over looming problem of too much power from renewables.” In sum: “The BPA has backed away from formally implementing the wind-curtailment plan, a move that renewables advocates applauded. But it hasn’t come up with an alternative. ” The looming problem involves moments on the Bonneville Power …

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Natural Gas Fracking News Update

5 Comments / Energy markets, Environmental policy, Regulation / By

Michael Giberson Fracking for natural gas continues to make headlines. For example, USA Today: “‘Fracking’ for natural gas also splits towns and families” and from Bloomberg, “Oil, gas companies injected toxic chemicals into ground, U.S. report shows.” These stories extend the understanding of shale gas development a little, but mostly cover familiar ground. Another angle, …

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Gusher of BP Oil-spill Fund Creates “Spillionaires”

1 Comment / Energy markets, Environmental policy, Politics / By

Michael Giberson A story reported by Kim Barker, ProPublica (a version of the story ran in the Washington Post). I’m excerpting several parts of the story, but the whole story is worth a look: The oil spill that was once expected to bring economic ruin to the Gulf Coast appears to have delivered something entirely …

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A Once-stable Price Now Responding to Demand Changes Brings Price Gouging Charge

2 Comments / Economics, Regulation / By

Michael Giberson A letter to the editor of the South Florida Sun-Sentinel: The Interstate 95 express lane authority is price gouging! The express lane toll increases dramatically relative to traffic congestion, roadway emergencies and increased demand by motorists. A merchant who increases his prices during a weather emergency and times of increased demand can in …

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Model Oil and Gas Resource Development Regulations for Arkansas

Energy markets, Environmental policy, Regulation / By

Michael Giberson The Arkansas Public Policy Panel, a citizen policy non-profit that has been around since 1963, has commissioned a study of recommended regulations to cover oil and gas resource development in the state. The resulting study, “Model Oil and Gas Laws, Regulations and Ordinances,” concludes that many states and localities offer stronger regulation than …

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Arizona Regulators Can Require Utilities to Buy Renewable Power Even if It Raises Consumer Rates

Electricity, Law, Regulation / By

Michael Giberson The Arizona Court of Appeals has ruled that the Arizona Corporation Commission was acting within its authority when it decided to require utilities to secure a portion of their electric power from renewable resources. The Goldwater Institute had argued that the Commission’s authority was limited to setting rates and that the renewables mandate …

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The International Possibilities of Petroleum from Shale Will Reshape Markets

1 Comment / Energy markets / By

Michael Giberson There is a lot of natural gas locked up in shale in the world. Once shale gas was mostly a footnote to the energy industry, known about but inconsequential because mostly inaccessible. But the technology, and hence the economics, of shale gas development has improved. And those improvements are reshaping the world’s energy …

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Market Design Helps People Attain Goals Effectively

Economics, Regulation / By

Michael Giberson Harvard economic systems designer Al Roth is profiled in the Boston Globe: Academically speaking, Roth is a pioneer of so-called market design: finding situations where a market is failing — often, a place that most people wouldn’t even recognize as a market — and making it work better. Roth has influenced a cadre …

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Onion: Fruit, Vegetable, or Economics Rag?

2 Comments / Economics, Humor / By

Michael Giberson What is the deal with Yahoo Answers? Someone asks whether an onion is a fruit or vegetable, and the voted “best answer” says “An onion is a bulb.” What? Also, I’d be remiss in not sharing this: Continued Existence Of Edible Arrangements Disproves Central Tenets Of Capitalism WALLINGFORD, CT—Upending more than two centuries …

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