My husband and I have an 8-year old tabby cat named Coco, after the pioneering French fashion designer Coco Chanel. At the time we adopted her from the shelter, she was one year old, lean, lithe, elegant, and beautiful. Thus the name. Of course, she was lean because she had kennel cold, and as soon …
Not surprisingly, oil prices cracked $34/barrel this morning. Also not surprisingly, Marathon Oil has announced that it will increase its exploration efforts in the upcoming year. This increase in capital investment in exploration is the logical outcome of a period of sustained high oil prices; high prices encourage either existing firms to increase their capacity …
Kevin Spacey reviving the Old Vic theatre in London as director of its new permanent program, very cool. Sounds like a good excuse for a trip … after I just kvetched about traveling too much last month!
January was a killer month for me — three trips, the beginning of a quarter in which I’m teaching two classes, and the unfortunate concatenation of these events with annual doctor’s appointments. I am teaching two classes from which I always learn a great deal — Environmental Economics and History of Economic Thought. Not many …
An editorial in the Wall Street Journal today on the proposed fuel cell subsidies (subscription required) cuts right to the heart of the matter: But politics aside, this is bad public policy. Hydrogen fuel cells are an encouraging field of research. So encouraging, in fact, that the finest minds in the private sector — auto …
Reason Public Policy Institute has published an article by Pierre Desrochers, of the Montreal Economic Institute, examining how creating institutions, rather than mandates, will increase sustainable reuse of industrial by-products.
In Tuesday’s State of the Union Address, President Bush proposed increasing federal subsidies to hydrogen fuel cell research. His administration had made similar recommendations in its national energy policy proposal in May 2001, to supplement the existing energy technology research subsidies. Such technology subsidies, particularly to get renewable energy technologies to the point where they …
After Tuesday’s State of the Union Address, everyone’s in a tizzy about the prospects for increased funding of hydrogen fuel cell research for vehicles. See, for example, this Financial Times article discussing the increase in price in platinum markets yesterday. Platinum is currently the best catalyst for making hydrogen fuel, which is also one reason …
Richard Epstein’s Financial Times article on Wednesday lays out some problems that arise when you try to change the regulatory approach in a network industry in which technological change happens. He’s discussing telecom and the “deregulation” in the 1996 legislation, but as Keith at Liberty Lover points out, Epstein’s analysis has important insights for electricity …
CMS Energy won’t issue dividends in 2003 in an attempt to improve its liquidity, American Electric Power declared a 4th quarter loss and will cut jobs and investment, and these developments led other utility stocks lower this morning. This is the continuing fallout from the collapse of the energy trading sector of the industry, and …
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