Author name: Lynne Kiesling

The Fundamentals Are Basically the Same: A Reprise of Last August’s High Gas Price Posth

26 Comments / Economics, Energy markets / By

Lynne Kiesling We leave on an intermountain West camping trip Saturday morning, so will be beyond the reach of communication technology for a fair chunk of the next week. But given that the underlying fundamentals have not changed substantially in the past year, even though the prices have, I am re-posting this post, this post, …

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Floyd Landis and Doping: Do Labs And/or the Media Understand Statistics?

49 Comments / Economics, Professional sports / By

Lynne Kiesling Statistical illiteracy abounds in society, and nowhere is it more evident than in the screaming headlines this afternoon about “Floyd Landis’ failed drug test”. OK, so this statistical illiteracy is a pet peeve of mine, so let me scratch it here. Cyclists face a two-tier drug test, A and B. If you have …

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$3 Gas: People Respond to Incentives

3 Comments / Economics, Energy markets / By

Lynne Kiesling US gasoline at $3 drives people onto buses, trains In the first quarter, as gas prices started to surge again, public transportation ridership rose 4.25 percent nationwide, representing almost 2.5 billion trips, the APTA said. The increase “seems to relate very largely to gas prices,” Millar said. “Hearing anecdotally from our members about …

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Heat Wave, Record Power Demand: Don’t Just Build More Generation

2 Comments / Economics, Electricity / By

Lynne Kiesling Even though most of this article with investment analyst comments on generation capacity and the recent heat wave focuses on how growing demand means there’s profit in building more generation, the article does finally get to the good stuff at the end: Added generating capacity would boost the reserve cushion, but Hartley at …

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Sensible Comments on Blackouts in Queens

5 Comments / Economics, Electricity / By

Lynne Kiesling There was a blackout in Queens, New York late last week, and some customers are still without power. At City Journal, Nicole Gelinas pins responsibility right where it belongs: political institutions do not have a profit motive for investing in infrastructure: This neglect goes unnoticed when the electricity is actually on. But beginning …

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