Author name: Michael Giberson

I Cringe when I See Hayek’s Knowledge Problem Wielded As a Rhetorical Club

2 Comments / Economics, Liberty / By

Michael Giberson The knowledge problem made the newspaper today – that’s Hayek’s concept of the knowledge problem, not the KP blog that Lynne and I operate.  But since we appreciate the significance of Hayek’s insight on the mobilization of knowledge, it seems appropriate to draw attention to Glenn Reynold’s op-ed, “Progressives can’t get past the …

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“Energy Storage in the New York Electricity Markets”

2 Comments / Electricity, Energy markets / By

Michael Giberson The New York Independent System Operator has release a report, “Energy Storage in the New York Electricity Markets” (March 2010). The report offers an overview of existing grid-connected energy storage in New York, recent developments, and potential for further changes in the next several years. It is a good basic discussion of energy …

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Texas Puc Has Plan to Test Smart Meters

Uncategorized / By

Michael Giberson Following up on earlier mention of consumer concerns over the accuracy of smart meters, yesterday the Texas PUC approved a plan for testing smart meters. The Fort Worth Star-Telegram reports: The Texas Public Utility Commission unveiled a detailed plan Thursday for independent testing of smart meters, the same day Oncor Electric Delivery acknowledged …

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The Vast Electrical Sponge Provided by V2g Technology

29 Comments / Electricity, Energy markets / By

Michael Giberson In the realm of more-enthusiasm-but-no-more-analysis for vehicle-to-grid (V2G) technology, Fereidoon Shioshansi at the EU Energy Policy Blog asks, “Will V2G Evolve Into A Great Electrical Sponge?”  He asks the question, and it is an excellent question to ask, but he doesn’t answer it. Instead we get a little taste of claims made by …

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Crude Oil Prices in 2008: Was the Spike a Bubble?

4 Comments / Economics, Energy markets / By

Michael Giberson In the physical world, spikes and bubbles are quite different things that don’t generally get mistaken for one another.  Curiously, in economic metaphor, the same phenomena can be called a spike and a bubble.  Argument among economists continues on the issue of whether the oil price spike in 2008 was or wasn’t a …

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God and Mammon Both Teach Fairness

5 Comments / Economics, Liberty / By

Michael Giberson In a study encompassing several distinct populations, Joseph Henrich and collaborators conclude that both participation in markets and belief in a world religion promote fairness norms that facilitate emergence of large-scale societies.  The study was described in a recent issue of The Economist: For the evolutionarily minded, the existence of fairness is a …

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High Bills Lead Couple to File Smart Meter Lawsuit Against Oncor

Electricity / By

Michael Giberson Elizabeth Souder, the Dallas Morning News, reports on a lawsuit filed against Dallas-based wires utility Oncor claiming fraud and negligence associated with the company’s installation of smart meters.  The lawsuit can be viewed at the newly established website www.oncorlawsuit.com.  The suit seeks class action status on behalf “all consumers in Oncor’s service area …

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Georgia Bill Would Add Useful Flexibility to Price Gouging Law

1 Comment / Economics, Energy markets / By

Michael Giberson A bill passed by the Georgia state senate would add some helpful flexibility to the state’s anti-price gouging law.  The primary purpose of the bill would be to allow the state to limit the range of items for which the price gouging rules will be enforced based upon the nature of the emergency.  …

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