Author name: Michael Giberson

Wind Power, Birds, Public Policy, and the Irrational Fears of Non-voters

Michael Giberson Should public policy accommodate the irrational fears of non-voters? In this case, the phrase “irrational fears” refers to a seemingly innate overwhelming aversion to vertical structures, namely wind turbines and high-voltage transmission lines, and “non-voters” refers to the lesser prairie chicken. A few weeks ago the Lubbock Avalanche-Journal ran a story on wildlife …

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Keeping Some Speculators out of the Oil Market May Lead to Higher Oil Prices

Michael Giberson From Fortune-Investor Daily: If Congress or the CFTC forces through stiff curbs on futures trading by so-called “speculators” — i.e. investors who use futures to bet on future price movements but don’t buy actual oil — it may lead to higher, not lower, oil prices over the long term. Why? Imagine you’re an …

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We Can “Cure” High Frequency Trading, but is It Really a Public Policy Problem?

Michael Giberson High frequency trading practices by some financial firms have spilled into the news. The Economist provides a summary of the issue.  Bloomberg notes the Sen. Charles Schumer has proposed to ban one such trading strategy. Here, Tyler Cowen said he is not worred about high frequency trading (HFT).  In a follow-up, he said: …

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On Integrating Wind Power to the Texas Grid

Michael Giberson Nik Rod at Life in Energy discusses the integration of wind power to the ERCOT-managed grid, drawing on a new paper by Ramteen Sioshansi and David Hurlbut titled,“Market Protocols in ERCOT and Their Effect on Wind Generation”: How do you integrate intermittent wind generating resources in a market with set protocols and rules that are perfectly …

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Same Old Advice Gets New Package

Michael Giberson My essay of advice to free-market windpower critics, originally published at Master Resource, has been re-published at AltEnergyStocks. (But the really interesting new stuff at AltEnergyStocks is the immediately prior post on how lead-carbon battery developments will challenge lithium-ion designs for uses in which lithium-ion’s low weight is not a critical factor.  So …

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Energy Geeks Rejoice! Ecobee to Offer Thermostat Control Via Iphone App

Michael Giberson Have you ever hopped into your car heading out of town, and thirty minutes down the road you wonder, “Did I remember to adjust the thermostat?” There will soon be an app for that, at least if you have Ecobee‘s thermostat and an iPhone. Tyler Hamilton reports: Toronto-based Ecobee Inc., which has developed a …

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Firstenergy Seeks Switch from Midwest Iso to Pjm

Michael Giberson Platt’s reports: FirstEnergy will switch its Ohio electric transmission assets from the Midwest Independent Transmission System Operator to the PJM Interconnection with its other transmission assets, the Akron, Ohio-based company said Friday. “Aligning all of our transmission assets with PJM will provide customers with the benefits of a more fully developed retail choice …

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Refinery Outages Generally Have Small Effects on Gasoline Prices, Gao Says

Michael Giberson A study by the Government Accountability Office has concluded that gasoline refinery outages tend to have small effects on prices.  While large scale weather events like Hurricane Katrina and Rita did result in large prices increases, such events are rare, the study said. In other findings: Typical unplanned refinery outages tended to increase …

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