And here’s a cool article from last week on electricity customers in Washington state choosing green power and being willing to pay more (typically $5 more/month) for it. Funny how giving consumers choices creates value for both producers and consumers … yes! The world is positive sum! And companies can make money by offering services …
Check out this AP story from Saturday on consumer demand for hybrid vehicles. The article makes what I think is the correct point — when consumers choose a vehicle, they are simultaneously satisfying a large array of preferences and characteristics, not just fuel economy or reducing our dependence on foreign oil. So what will be …
Megan McArdle has a good post on CAFE standards and their perverse incentives. See also Virginia Postrel’s NYT column on CAFE standards that I referred to earlier.
I expect oil prices will hover around $40/barrel for a bit here, especially if Kuwait closes its northern oilfields to protect them in case of US-Iraq action and OPEC is really producing as close to capacity as they say they are. Thank goodness for proven reserves and increasing production in Azerbaijan, Kazakhstan, and Russia, and …
That was my reaction today when I saw how high oil prices went today in world markets. In the US, “The supply situation is dire,” said Phil Flynn, a senior energy trader at Alaron Trading Corp. in Chicago. “Crude-oil inventories are dangerously low. We are only one small problem away from the minimum amount needed …
This Insight magazine article from 19 February explores the possibility that Venezuelan president Hugo Chavez has contacts with, or will increasingly form contacts with, terrorists who want to flex the oil muscle. From the article’s introduction: As Washington prepares a high-stakes military venture in the Persian Gulf, a growing physical threat is being posed by …
The uncertainty, and the continuing unrest in Venezuela, keep pushing those oil prices higher and higher. See for example this BBC article, this Forbes article, this ABC News article, and this Financial Times article. Ugh.
Many thanks to Mindles Dreck for re-introducing (or introducing, in my case) us to Sophismata, replete with interesting stuff, including this insightful analysis of power efficiency and price efficiency. Yay! That’s a point that will become increasingly important as we weigh increasing our energy generation from renewable sources, and particularly in light of the energy …
Here’s an article from Oil and Gas Journal that describes some outlooks and forecasts for oil and natural gas markets, from energy experts at Cambridge Energy Research Associates. Punchline: oil prices will fall over the course of this year, but US natural gas prices will increase as supplies strain to keep up with increased demand …
On Wednesday, Exxon Mobil will load Venezuelan oil onto a tanker, the first US oil company to do so since 2 December.
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