Lynne Kiesling I heartily recommend Barun Mitra’s op-ed column in today’s New York Times on the importance of property rights in the conservation of the tiger: Yet for the last 30 or so years, the tiger has been priced at zero, while millions of dollars have been spent to protect it and prohibit trade that …
Lynne Kiesling I have to embed myself in Deep Thought today on a paper for a conference in September, so will have to content myself with offering you these links for your consideration: Patri Friedman’s Catallarchy post “Pigouvian taxes are not efficient if the money gets wasted”. This is a hugely important point, and is …
Lynne Kiesling This Reason article from Ron Bailey provides a good, link-filled synopsis of the importance of BP’s Alaska pipeline shutdown. He takes a long-term view, and it’s a sensible analysis.
Lynne Kiesling This phenomenon has largely gone unnoticed, but for about the past year copper prices have been rising (prices are in cents per pound). As with other commodities, like oil, gold, manganese, and nickel, much of this price increase is a consequence of rising global demand due to economic growth, particularly in places like …
Lynne Kiesling This is a humdinger: BP’s Prudhoe Bay pipeline is possibly corroded and leaking, and will be shut down. Once the field is shut down, BP said oil production will be reduced by 400,000 barrels a day. That’s close to 8 percent of U.S. oil production or about 2.6 percent of U.S. supply including …
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, …
The Fundamentals Are Basically the Same: A Reprise of Last August’s High Gas Price Posth Read More »
Lynne Kiesling A belated shout-out to Sean Lynch at Catallarchy for his excellent post on electricity pricing and incentives to reduce use, creating system benefits in the bargain. It’s so good that I wish I had written it.
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 …
Floyd Landis and Doping: Do Labs And/or the Media Understand Statistics? Read More »
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 …
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 …
Heat Wave, Record Power Demand: Don’t Just Build More Generation Read More »
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