Lynne Kiesling Ken Malloy at the Center for the Advancement of Energy Markets has written a rebuttal to Rebecca Smith’s Cranky Consumer column that I wrote about last week. Why don?t residential electric customers switch? Ms Smith?s story implies that it is variously stupid marketers, high electric prices, unwilling customers, or the policy of deregulation. …
Lynne Kiesling Refined product prices hit a peak today, as did oil prices, according to Bloomberg. This is the time of year when refiners switch over from producing winter fuel to summer fuel, and have to start the complicated and costly process of depleting winter stocks in their tanks. Fires at refiners don’t help either.
Lynne Kiesling Tuesday’s Wall Street Journal had an installment in its regular series called “The Cranky Consumer”, in which one of the WSJ writers goes out into the market and reports on the consumer experience. Tuesday’s installment was written by Rebecca Smith, the Journal’s regular electricity writer and one of the best energy journalists around. …
The Cranky Consumer On Electricity “Deregulation” Read More »
Michael Giberson Following up my post of yesterday, use this link to automatically search FERC’s website for the Enron trading materials posted online on March 1. Available are hours of recorded tape conversations and a host of supporting testimony prepared by the FERC trial staff. Apparently, FERC trial staff decided to conduct a random sampling …
Michael Giberson Enron was an unusual place, a source of many innovative business practices, not all of which turned out to be fraudulent. A pair of economists have found evidence that the creation of the EnronOnline trading platform contributed to market efficiency. According to a study by Donald Murry and Zhen Zhu, the two year …
Lynne Kiesling The 100% state-owned oil company Rosneft has taken over the company that bought the assets of the beleaguered Yukos, according to this Reuters story and several others. “Rosneft, which is de facto 100 percent state owned, bought Yuganskneftegaz. I think everything was done by market methods,” Putin told a news conference. In his …
Lynne Kiesling Today President Bush has nominated Samuel Bodman for Energy Secretary. Mr. Bodman has background in the financial industry (at Fidelity), in the chemical industry, and in academia as a professor of chemical engineering at Cornell. That sounds like a valuable combination of skills and experiences for the position.
Lynne Kiesling Two big factors contribute to the persistence of high oil prices. First is labor unrest in both Nigeria and Norway, as this Telegraph article explains. Norwegian strikers are protesting poor working conditions, Nigerian rebels are disrupting production and transportation there. Both Norway and Nigeria produce light sweet crude, which has low sulfur content. …
Lynne Kiesling This NYT article on today’s oil market (registration required) does a nice job of summarizing the uncertainties that are roiling the world oil market: Prices have rocketed as China’s economic expansion drives the fastest demand growth in a generation, stretching world fuel supplies to the limit and leaving no cushion to cope with …
Lynne Kiesling Thanks to Stephen Bainbridge for his post on BMW’s H2R. He cites this Edmunds blurb that discusses the high-powered 12-cylinder BMW with only steam as a by-product. BMW has been out in front on this development for years; a couple of years ago they even had a PR event in LA where Jay …
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