Lynne Kiesling I have a question, or qualification, of Mike’s excellent post about prices as property the other day. What about the string of court rulings that allow Intercontinental Exchange to use NYMEX’s market prices for ICE’s transaction settlements? Isn’t that equivalent to declaring that NYMEX does not have a property right in its own …
Lynne Kiesling I am so in professional platonic love with Tim Haab right now that it’s not even funny. This Environmental Economics post is so wonderful on so many levels: So let’s take a quick look the basics and then use it to explain why the current high gas prices are your fault. … The …
Lynne Kiesling I’ve been waiting for something like this for years! A company called Blue Source has a potentially commercially viable carbon capture business model that involves the captured CO2 actually being useful: Blue Source is piping industrial carbon dioxide from a natural-gas processing plant in southeastern Colorado to an undisclosed oil producer that will, …
Lynne Kiesling In the five-plus years of Knowledge Problem’s existence, one of the topics on which I have opined extensively is the efficiency and conservation benefits of congestion pricing. Recently, Mike had two great posts on congestion pricing, one on how economists don’t understand the opposition to congestion pricing, and one on the unwillingness of …
Gridlock! Drew Carey and Reason.tv on Road Pricing Read More »
Lynne Kiesling Silicon is an important input into solar panels, as well as its well-known uses in computer chips. Not surprisingly, silicon prices have risen over the past couple of years. A couple of weeks ago IBM announced that it has figured out a way to scrub information from waste silicon chips so they can …
Lynne Kiesling Been really busy lately with the day job, but I didn’t want to miss Dave Weigel’s Reason Hit & Run post on candy as a gateway drug: High school rules banning sweet stuff have created a lucrative and illicit trade for sucrose. Who could have predicted it? Why is it so difficult for …
Lynne Kiesling Over at Marginal Revolution Alex reveals that he has gotten a flu shot, and uses that fact to draw out a brief analysis of the external benefits that he does not entirely get to enjoy from his shot: his shot reduces contagion, reducing illness in others, which has only a small benefit that …
Lynne Kiesling An article by Jeffrey Ball in today’s Wall Street Journal (subs. required) does the best job I’ve seen to date of capturing the nuances and tensions in the economic and policy dynamics of rising energy costs and concerns about the environmental effects of energy consumption. The article focuses on Dow Chemical and its …
Lynne Kiesling This morning finds oil prices hitting $98 per barrel, amid inventory data showing that U.S. inventories have fallen for another week (that’s three in a row). So is this the most expensive oil has ever been in real terms? “The $100 jackpot is imminent now, despite the fact there aren’t really oil fundamentals …
Lynne Kiesling Every year the U.S. Department of Energy and the International Energy Agency publish forecasts of world energy production and consumption, and the economic and environmental consequences thereof. Typically these forecasts use elaborate computer models to extrapolate various scenarios to generate a sense of where we might be headed, based on different use patterns, …
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