Lynne Kiesling ChevronTexaco has purchased Unocal, which will give them access to Unocal’s valuable oil and natural gas holdings. Note that this does little, if anything, in the short run to increase exploration activity or the aggregate amount of energy reserves. If the merger leads to some economies of scale and/or scope, then the probability …
Lynne Kiesling Rob over at Peak Oil Optimist has a post with further ruminations on the prospects for electricity in California this summer in the context of the Pacific Northweste drought. Rob accurately points out something that I overlooked the other day, which is the vital role that transmission constraints will play in whether or …
Lynne Kiesling Randall Parker at FuturePundit has a post about using nanoscale silica to release hydrogen from ammonia borane, and how that technology could lead to more feasible hydrogen storage for vehicles and other uses. This interesting finding is a result of research at Pacific Northwest National Lab.
Lynne Kiesling Through Fey Accompli I found Peridot Capital, who had a post yesterday on fuel costs that hits some of the same themes as I mentioned earlier this morning. Amazingly, American Airlines has hedged only 15% of its fuel costs for the first quarter of 2005. With oil futures hitting a record $57 per …
Lynne Kiesling On Monday Stumbling and Mumbling had a post on truckers in the UK complaining about high fuel prices. I really like his suggestion: instead of whingeing and bleating for a political solution, why does their trade association not offer price insurance? The fact is, though, that high oil prices are a danger that …
Hedging Fuel Prices: Using Politics Or Using Markets? Read More »
Lynne Kiesling Ed Reid tried to post the following comment on my post below regarding the GAO’s report on energy demand in the 21st century: I am concerned about the implications of “providing clear and consistent signals to energy markets”, as opposed to allowing free communication of clear signals among market participants. The US energy …
Should Governments Provide Price Signals? No, They Can’t Do It Read More »
Lynne Kiesling On Wednesday the General Accounting Office issued a report on prospects for meeting energy demand in the 21st century. From the abstract: America’s demand for energy has, in recent decades, outpaced its ability to supply energy. As a result, the country has witnessed rapid price increases and volatility in some markets, such as …
New Gao Report On Energy Demand In The 21st Century Read More »
Lynne Kiesling OPEC has just announced its intention to boost production by 2 percent in April, in response to which prices fell to below $55/barrel. See one of these many news stories for further details and analysis.
Lynne Kiesling Last week Senators Burr (NC), Landrieu (LA), and Lott (MS) introduced S.498, ?To provide for the expansion of electricity transmission networks in order to support competitive electricity markets, to ensure reliability of electric service, to modernize regulation and for other purposes.? The proposed bill is at best a tweak of the Federal Power …
Senate Bill S.498: Removing Barriers To Competition? Read More »
Lynne Kiesling Looking for updates on oil prices, OPEC strategy, and other such global energy financial issues? I recommend The Capital Spectator, where James Picerno opines clearly and analytically about such things. Here in Chicago, it’s the sustained high world oil prices combined with it being March that drives up our gas prices. Why March, …
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