Michael Giberson According to the Internet Movie Data Base, just one movie shows up when you search on keywords “Investigation/Price Gouging/Showdown/Violence” in the Romance genre: The Boss of Big Town. It is a 1942 film in which, “A criminal plot to control produce and dairy products during the wartime emergency is foiled by an courageous …
Best “Investigation/Price Gouging/Showdown/Violence” Romance Movie Read More »
From the inbox, notice of the new Utilities Policy, this a special issue on designing electricity auctions edited by Thomas P. Tangerås, drawn from a workshop in Stockholm, September 2009 hosted by the Research Institute of Industrial Economics. Tangerås introduces the topic: What are the boundaries of the market in a system with strong requirements on centralized management of power …
Michael Giberson The is significant industry optimism concerning the potential for shale gas development in Poland (more here), with estimates sufficiently high to suggest that Poland could shift its supply base away from heavy dependence on Gazprom and Russia’s good will to domestically produced gas from shale. Granted exploration for shale gas in Poland is …
Polish Gas Choices: Lng Imports, Shale Gas Resource Development, And/or Trusting Gazprom Read More »
Michael Giberson Via the Agricultural Law Resource and Reference Center at Pennsylvania State University, a presentation on “The rule of capture in Pennsylvania oil and gas law” (see also this summary). Among other things, the presentation clears up my question (in yesterday’s post on oil production in the state) about the current relevance of the …
The Rule of Capture in Pennsylvania Oil and Gas Law Read More »
Michael Giberson James Hamilton posts on “Peak oil in Pennsylvania” at Econbrowser, drawing from a few historical surveys and presenting this chart from Michael Caplinger, “A contextual overview of crudeoil production in Pennsylvania.” Pennsylvania crude oil production, 1859-1990, in millions of barrels per year. Source: Michael Caplinger (1997) via James Hamilton at Econobrowser Caplinger’s report …
Michael Giberson Leigh Caldwell, at Knowing and Making, notes concerns raised by representatives of India’s government about unfair airline prices during the festival of Diwali. Caldwell mostly ignore the government’s chatter about unfair prices, but wonders how consumer reactions may influence company pricing decisions over time. I think he offers interesting speculations, but I think …
Unfair Prices for Holiday Air Travel in India? Any Lasting Effects? Read More »
Michael Giberson Among the many things I am thankful for: this blog, and its readers and commenters. So thank you.
Michael Giberson I suppose Al Gore is enjoying life and never expects to run for public office. Clear evidence of this fact? His recent comments on ethanol: “It is not a good policy to have these massive subsidies for (U.S.) first generation ethanol,” said Gore, speaking at a green energy business conference in Athens sponsored …
Ethanol Comments Supply Evidence That Al Gore Will Never Again Run for Office Read More »
Michael Giberson More evidence that shale gas development is changing the international (not just the United States) natural gas market: A US LNG terminal is spending $2 billion to add export capability. Currently Freeport LNG has the capability to re-export stored LNG; the new investment will add the capability to liquefy US-produced natural gas. Last Friday, November 19, …
U.S. Companies Getting into the Lng Export Business Read More »
Michael Giberson In case you missed it: a little economics courtesy of Scott Adams and Dilbert: Some economists have asserted that Edgeworth competition in retail gasoline markets involves a variant of this strategy. If the same retail store always had the lowest price, even the most confused customer would eventually figure it out. Keep the …
Confusopoly (With a Note on Retail Gasoline Market Strategies) Read More »
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