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 …
Lynne Kiesling Jeff Jarvis is writing a series called Issues 2004, and his post on energy policy from Monday tackles a lot of important questions and offers some recommendations. In addition, the comments on his post include a lot of good insights and thoughts. Here are my thoughts. Jeff starts with his memories of the …
Lynne Kiesling Oil futures passed $50/barrel overnight, largely based on low US inventories and the anticipation of unrest in Nigeria, which could disrupt supply. The Wall Street Journal has a slug of articles today about oil prices, fuel efficiency, how natural gas prices are increasing the costs of exploiting Canada’s oil sands, etc. The best …
Lynne Kiesling There’s a lot going on in world oil markets, as summarized in this Channel News Asia article. China is growing like gangbusters, shifting out demand for oil. Yukos, with a contract to supply them, is under fire from the Russian government (I am suspicious that it’s a case of expropriation on the part …
Lynne Kiesling Over at the Commons, Jonathan Adler has a post linking to this California Air Resources Board report, with evidence indicating that the use of ethanol as a motor fuel increases ozone-forming compounds, and is thus not the clean fuel silver bullet that ethanol supporters would like us all to believe. For more KP …
Platts Energy Bulletin, Quote of the Day (September 9, 2004): “Everyone is producing whatever they can. We are actually working as if that was accepted.” – Algerian Energy minister Chakib Khelil said on the sidelines of the World Energy Congress in Sydney, saying OPEC was effectively running without a quota and intending to suggest at …
In the “simultaneity of the determination of crude oil prices and retail information” department, expectations of increased summer gas inventories in the US has reduced crude oil prices. Note that this price change comes on the expectation of information on inventories that will be released next week. This reminds me of one of my favorite …
Robert McTeer of the Dallas Fed had a commentary on energy in Tuesday’s WSJ (sub. req.). His argument is basically that our economy has become less responsive to energy price volatility, and therefore we should not be as concerned about the negative consequences for the economy from high oil and natural gas prices as we …
Don Boudreaux beat me to the link to this Adelman article from Regulation magazine. I read it on the train home from work Monday night, and it is definitely worth a read and will provide much-needed perspective on the politicized oil question. See also Steve Verdon on Hubbert’s Peak, one of the most misunderstood and …
Because so far the OPEC production cut is all talk, no action. This story discusses the fact that OPEC’s March production was increased, and that thus far it doesn’t look like the April production has fallen. For me this story also raises a question. The EIA weekly survey of US gasoline inventory moves oil and …
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