Michael Giberson With crude oil prices reaching near the $90/bbl level, James Hamilton inquires as to whether is it time to become concerned about the possible macroeconomic effects of higher oil prices.
Michael Giberson Speed blogging = copying a Zetland trope so I can clear these items off my “to blog” list: Robert Rapier on the Renewable Fuels Association‘s wild efforts to hold onto all possible subsidy and policy advantages that it can grab. Elsewhere, the Wall Street Journal reports the emergence of a left-right coalition in …
Michael Giberson According to the Internet Movie Data Base, just one movie shows up when you search on keywords “Investigation/Price Gouging/Showdown/Violence” in the Romance genre: The Boss of Big Town. It is a 1942 film in which, “A criminal plot to control produce and dairy products during the wartime emergency is foiled by an courageous …
Best “Investigation/Price Gouging/Showdown/Violence” Romance Movie Read More »
Michael Giberson Via the Agricultural Law Resource and Reference Center at Pennsylvania State University, a presentation on “The rule of capture in Pennsylvania oil and gas law” (see also this summary). Among other things, the presentation clears up my question (in yesterday’s post on oil production in the state) about the current relevance of the …
The Rule of Capture in Pennsylvania Oil and Gas Law Read More »
Michael Giberson James Hamilton posts on “Peak oil in Pennsylvania” at Econbrowser, drawing from a few historical surveys and presenting this chart from Michael Caplinger, “A contextual overview of crudeoil production in Pennsylvania.” Pennsylvania crude oil production, 1859-1990, in millions of barrels per year. Source: Michael Caplinger (1997) via James Hamilton at Econobrowser Caplinger’s report …
Michael Giberson Leigh Caldwell, at Knowing and Making, notes concerns raised by representatives of India’s government about unfair airline prices during the festival of Diwali. Caldwell mostly ignore the government’s chatter about unfair prices, but wonders how consumer reactions may influence company pricing decisions over time. I think he offers interesting speculations, but I think …
Unfair Prices for Holiday Air Travel in India? Any Lasting Effects? Read More »
Michael Giberson More evidence that shale gas development is changing the international (not just the United States) natural gas market: A US LNG terminal is spending $2 billion to add export capability. Currently Freeport LNG has the capability to re-export stored LNG; the new investment will add the capability to liquefy US-produced natural gas. Last Friday, November 19, …
U.S. Companies Getting into the Lng Export Business Read More »
Michael Giberson In case you missed it: a little economics courtesy of Scott Adams and Dilbert: Some economists have asserted that Edgeworth competition in retail gasoline markets involves a variant of this strategy. If the same retail store always had the lowest price, even the most confused customer would eventually figure it out. Keep the …
Confusopoly (With a Note on Retail Gasoline Market Strategies) Read More »
Michael Giberson An rambling complaint surfaced at TriplePundit.com (slogan: people, planet, profit.) linking a “number of articles questioning the economic viability of solar power [which] recently hit the streets” to “a new, well-oiled regime coming to power in Washington.” We could stop right here to consider that articles questioning the economic viability of solar power …
Smoke Filled Rooms, Solar Power, and the Long Shadow of Grid Parity Read More »
Michael Giberson For a while now Exxon-Mobil Corporation has been seeking clarification from the State of Florida, Department of Agriculture and Consumer Services (DACS) on just how the state’s price gouging law is applied. (Some background in this post from a year ago.) The company wants to know what it needs to do to comply …
How to Avoid Violating Florida’s Price Gouging Law Read More »
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