Lynne Kiesling Last week I noted JetBlue’s eBay store for selling tickets, and I said … I agree with one of the commenters that I wish music concerts and sporting events would start doing the same. Well … what I had in mind was last-minute tickets for games and concerts, but here’s a variation on …
Lynne Kiesling Oil prices have declined since their July high, but the decrease has been particularly precipitous in the past week. As of 8:23 EDT this morning, the NYMEX future price is $91.73/bbl. Less than $100! Why? Here are my off-the-cuff thoughts: 1. Financial market instability Oil prices are a leading indicator of expectations of …
Why the Precipitous Decline in Oil Prices? Adapting to Changing Expectations Read More »
Lynne Kiesling JetBlue has an eBay store, and they are auctioning off seats for lots of different flights, with starting bids as low as five cents. This is a good way to deal with excess capacity at the last minute, and I agree with one of the commenters that I wish music concerts and sporting …
A New Airline Business Model? Jet Blue Auctions Seats on Ebay Read More »
Lynne Kiesling The headline on this article in today’s USA Today says it all: Taxpayers take on trillions in risk in Fannie, Freddie takeover
Lynne Kiesling Sitting at O’Hare, waiting for a plane … what better time to share the myriad links I’ve collected this week on smart grid topics? Today I saw this post on smart grid technology at the Discovery News Powr Talk blog. Their post, titled “Grid, Ready to Talk”, hits hard on the point that …
Michael Giberson Retail gasoline prices typically rise like a rocket and fall like a feather (as discussed here before), but this most recent price rise and fall may be upsetting that typical pattern. Just eyeball the chart below from the U.S. Energy Information Administration and you see that prices appear to be dropping about as …
Gasoline Prices Dropping More Like a Rock Than a Feather Read More »
Michael Giberson Mississippi has a price gouging law which allows the state government to prosecute businesses that raise prices on certain kinds of retail goods and services during a “state of emergency” (as officially declared by the state’s governor). Now the Mississippi Attorney General discovered that businesses were working around the legal barrier to price …
Lynne Kiesling The smart grid technology space is growing. Nifty, clever, useful devices proliferate in the market, whether your interests lie in remote sensing and monitoring in the wires, in distribution automation (which is actually sexier than it sounds!), or in intelligent end-use devices and building automation. Many of the end use devices, especially for …
Nifty Smart Grid End Use Devices. But Are They Transactive? Read More »
Michael Giberson …but not in a good way. The Streetwise Professor deploys a little Property Rights Economics 101 lesson as he contrasts the development of petroleum resources in Russia and China: An article on the McClatchy wire states that the Russian oil industry is facing a dire future due to “the practice of reaping quick …
Insecure Property Rights May Be Helping to Maximize Current Russian Oil Output… Read More »
Lynne Kiesling An article in today’s New York Times describes the difficulty of getting wind power to urban demand centers when transmission lines are congested: The dirty secret of clean energy is that while generating it is getting easier, moving it to market is not. The grid today, according to experts, is a system conceived …
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