Michael Giberson The terrorist attacks of September 11, 2001, created a great deal of uncertainty and fear among Americans. In the retail gasoline market, some (but not all) consumers reacted to the uncertainty and fear by heading to a gas station to fill up their tanks. Some (but not all) gasoline retailers reacted to the …
Post 9/11 Gasoline Price Gouging in Wisconsin: Two Views Read More »
Michael Giberson The Federal Energy Regulatory Commission (FERC) and the North American Electric Reliability Corporation (NERC) have issued their report on the events surrounding electric power and natural gas supply interruptions around the Southwest United States in early February, 2001. The culprit? According to the press release: “the task force found a majority of the …
Michael Giberson At the Freakonomics blog, transportation scholar Eric Morris favors President Obama’s recent deal to dramatically raise CAFE standards (Corporate Automobile Fuel Economy standards) by 2025. A gasoline tax would be far superior public policy, he said, but it won’t work politically. Because he thinks CAFE standards do work, technically and politically, he said we should go with …
Michael Giberson At the Freakonomics blog, transportation scholar Eric Morris favors President Obama’s recent deal to dramatically raise CAFE standards (Corporate Automobile Fuel Economy standards) by 2025. A gasoline tax would be far superior public policy, he said, but it won’t work politically. Because he thinks CAFE standards do work, technically and politically, he said …
Raising Mpg Standards, Part 1: Morris is Not Persuasive in His Claim That Cafe Works Read More »
Michael Giberson Yesterday, August 14, 2011, was the ten-year anniversary of the announcement by Oklahoma City-based Devon Energy of its intention to acquire Houston-based Mitchell Energy and Development for $3.5 billion. The prime target of interest lay about halfway between the two company headquarters, in the Barnett Shale surrounding Fort Worth, Texas. Mitchell had figured …
Devon Energy’s Bet on Barnett Shale, Made 10 Years Ago, Has Paid off Read More »
Michael Giberson Much in the news in Texas these past few weeks have been new peak power records and several grid emergency conditions which saw the ERCOT power system narrowly avoid rolling blackout a time or two. Tom Fowler of the Houston Chronicle‘s Fuel Fix blog has been tracking the story closely, see selected links …
Power Consumption Reaches New Peaks in Texas, Ercot Narrowly Avoids Rolling Blackouts Read More »
Michael Giberson Even an article in the New York Times is characterizing the spate of EPA regulations, recently issued or coming shortly, affecting the electric power industry as a “cascade.” Regional power grid operators have been reviewing their reliability projections and becoming alarmed. Here’s Matthew Wald in the Times: WASHINGTON — As 58 million people …
Epa to Power Industry: Don’t Worry About Reliability, We Can Grant Waivers Read More »
Michael Giberson File it under “Ya think???” A post at Freakonomics by Steve Sexton concludes that California’s solar power subsidies may not be making the best use of the technology. Sexton points out, for example, the 1,923 residential rooftop systems installed in cloudy San Francisco rather than sunnier California locations: If San Francisco’s residential solar …
Michael Giberson PERC’s Shawn Regan argues in favor of allowing environmental groups to bid in federal auctions for oil and gas development leases, a way to help ensure that use of federal lands reflects both the value of energy resource exploitation and the value of protecting those lands from development. The theory is that if …
Open Up Bidding for Oil and Gas Leases on Federal Lands Read More »
Michael Giberson Even before the natural gas subcommittee to the Secretary of Energy Advisory Board released it’s “Ninety Day Report” on hydraulic fracking today, anti-fracking groups shifted their spin operations into high gear. On Monday, a letter to President Obama sponsored by 68 groups called on him to “employ any legal means to put a …
Advisory Committee’s Fracking Report Spurs Outpouring of Spin Read More »
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