Rip, Kp Dad
Lynne Kiesling Thanks, Dad. It’s been a great ride. And thanks to Mike for holding down the KP fort while I’ve been otherwise disposed.
So Long, Woxy
Lynne Kiesling WOXY and I started up in Oxford, Ohio at the same time, 1983. Without WOXY my college life would have been miserable (OK, a little hyperbole, but just go with it); with WOXY, it was independent, fun, challenging, intense, at least in terms of the music I listened to. WOXY was the glue …
Tea Bags: Consumer Marketing and Product Innovation
Lynne Kiesling A follow-up to my recent musings on the health benefits of tea, one of my favorite beverages and daily rituals: innovation is occurring in the bagged tea market. This NYT article on new tea bag designs is very interesting, whether you are a tea drinker or not. Most people are familiar with the …
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Econbrowser on Falling Gasoline Prices
Jim Hamilton has a a great post on the fundamentals underlying his correct prediction of falling gasoline prices. Lots of great information about the connection between spot and forward prices, and what you can infer from forward prices about expectations. He also discusses the reasons for this relatively precipitous decline in retail gasoline prices. So …
Fuel and Complementary Technologies
Lynne Kiesling Mike’s post about ethanol and fuel economy raises an important general point: fuels and the technologies for burning them are strong complements. Engines are not one-size-fits-all fits with different fuels, but are highly customized. We see this in history, too. The move from the use of whale oil for lighting to kerosene for …
Travel Toiletry Entrepreneurship: I Knew It Would Happen
Lynne Kiesling Hate the thought of checking your bag just for some shampoo, toothpaste and moisturizer? Enter My Wet Stuff, a new company devoted to delivering travel-size toiletries to your hotel. As we ramp up a brand-new company for a brand-new market need, deliveries will begin on September 29, 2006. After that, only 3 days …
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Expectations and Markets: A Case Study in Oil
Lynne Kiesling I was just saying to a couple of colleagues yesterday that one of the things we take almost as axiomatic in economics-that prices are a function of expectations of future supply and demand-is little understood by laypeople. Oil markets recently have provided a good example of that interaction. Take, for example, this Bloomberg …
Illinois Retail Electricity Update
Lynne Kiesling I’ve been so busy that I’ve even missed the opportunity for some shameless self-promotion. Mary Wisniewski wrote an article in Thursday’s Sun-Times about recently-passed legislation that will require Illinois utilities to offer a real-time pricing contract to their residential customers. The legislation requires the Illinois Commerce Commission to make a determination of whether …
Shifting the Oil Supply Curve to the Right in the Gulf of Mexico
Lynne Kiesling High prices and profits in the oil industry are inducing further exploration. This exploration is paying off in the Gulf of Mexico (WSJ, subscription required), where the largest new discoveries since the north slope of Alaska are likely. At a time when energy companies are struggling to replace reserves, the Gulf’s deep-water lower-tertiary …
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Nick Gillespie: Chicago City Council is Trying to Out-california California
Lynne Kiesling Nick Gillespie at Reason has an op-ed in the Los Angeles Times decrying the nanny-state activities of Chicago’s City Council: But it turns out that Chicago is a sissy town because that “stormy, husky, brawling … City of the Big Shoulders,” in Carl Sandburg’s evocative 1916 poem, seems hellbent on putting a chokehold …
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