Energy markets

Will Nebraska Hold Up Keystone Xl Pipeline? and Other Energy Stories in the News

1 Comment / Energy markets, Environmental policy / By

Michael Giberson A few items of interest in the news today: Associated Press, Oil Pipeline Opponents Pin Hopes on Nebraska – Fears of contaminating the Ogallala Aquifer have led agriculture-dependent Nebraska to be way of the pipeline and the potential for spills. No matter that any break in the pipe would only result in very …

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Don’t Peak: On Ill-Considered Peak Oil Debates

7 Comments / Energy markets / By

Michael Giberson Daniel Yergin’s peak oil commentary in last Saturday’s Wall Street Journal has set the econoblogosphere to chattering, or at least those of us in the energy corner. In addition to the clash of the titans, i.e. James Hamilton’s “More thoughts on peak oil” rejoinder to Yergin, the mere mortals are going at it, …

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Propublica Gets the Establishment View on the Arizona-socal Blackout, the Establishment Says It Needs More Money and Authority

1 Comment / Electricity, Energy markets, Regulation / By

Michael Giberson At ProPublica, Ariel Wittenburg assesses the meaning of the early September blackout affecting parts of Arizona, Southern California, and Northern Mexico. The proximate cause was substation maintenance in Yuma, Arizona and an apparent fault in protective systems that should have kept surrounding lines running during maintenance. As these systems failed, the disturbance reached …

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Yergin on Oil, II

2 Comments / Economic history, Energy markets, Politics, Technology / By

Michael Giberson I second Lynne’s recommendation of Yergin’s column in the Saturday Wall Street Journal. On the topic of Hubbert’s peak and peak oil generally, I particularly recommend these two paragraphs: Hubbert insisted that price didn’t matter. Economics—the forces of supply and demand—were, he maintained, irrelevant to the finite physical cache of oil in the …

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Yergin on Oil

2 Comments / Economics, Energy markets / By

Lynne Kiesling In Saturday’s Wall Street Journal, Daniel Yergin has a thorough, thoughtful essay on oil: There Will Be Oil. It’s largely a reflection on “peak oil” ideas, and how innovation and technological change have reduced the cost of identifying and accessing more oil reserves: This is actually the fifth time in modern history that …

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More Oil Available in North America Than Previously Thought

1 Comment / Economics, Energy markets / By

Michael Giberson To Julian Simon-inspired resource optimists, this is news of the most ho-hum sort. Oh, so we think more resources now are available than previously expected because of improvements in technology? Nothing new under the sun. Humanity’s many-centuries-long trend of energy resources becoming cheaper continues into the indefinite future. If you believed that world …

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Interstate Commerce in Electric Power – Arizona Policymaker’s Two-faced View

2 Comments / Electricity, Energy markets, Environmental policy, Politics / By

Michael Giberson Yesterday the staff of Rep. Gabrielle Giffords (D-Az) conducted a “Solar Summit” in Washington, D.C. You can watch all three hours of the program here, or maybe you’d rather read the overview provided by Phil Riske at the Rose Law Group Blog, “Mayes, Spitzer bemoan congressional Republicans ‘retrenching’ against renewable energy funding and …

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Beacon Power Patents Idea of Flywheels for Frequency Regulation?

8 Comments / Electricity, Energy markets, Technology / By

Michael Giberson Can Beacon Power patent the idea of using flywheel technology for frequency regulation? Apparently the answer is yes, at least according to Beacon’s press release. “Beacon Power invented the idea of using high-energy flywheels to regulate grid frequency, so it’s appropriate that we’ve now been awarded a core patent for the idea,” said …

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Passage of Wisconsin’s Anti-price Gouging Bill Boosted by President Bush’s Public Remarks

2 Comments / Economics, Energy markets, Law, Politics / By

Michael Giberson Wisconsin didn’t have an anti-price gouging law in 2001, so the state government’s response to post-9/11 reports of gasoline price gouging was pretty limited. While the Wisconsin governor called for an investigation of gasoline retailers, for all practical purposes the investigation was limited to fighting collusion in price setting and instances in which stations …

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