Energy markets

The Fracking Song: Explainer with Lyrics and Links

Michael Giberson NYU journalism students produced “My water’s on fire tonight (The Fracking Song)” as part of a collaboration with ProPublica, a non-profit investigative news program that has been examining natural gas drilling and the environment. [youtube=http://www.youtube.com/watch?feature=player_embedded&v=timfvNgr_Q4?hd=1] ProPublica says a bit about the music video here. Explainer.net, another part of the NYU journalism collaboration with ProPublica, …

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Study Finds Methane in Pennsylvania, Ny Groundwater Associated with Gas Well Fracking

Michael Giberson An article to appear in the Proceedings of the National Academy of Sciences, “Methane contamination of drinking water accompanying gas-well drilling and hydraulic fracturing,” reports finding methane in Pennsylvania and New York groundwater that can be attributed to nearby natural gas resource production. In brief, the study finds that substantially higher dissolved methane …

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Opportunities in Power Market Design: Wind Power, Capacity Markets, Optimization Software

Michael Giberson A handful of stories raising power market design issues: The Oregonian, “Northwest wind power to double but inconsistency creates nightmare“: “The value of BPA’s surplus power sales are already being undermined by wind energy sloshing into the market. That ultimately increases rates for its public utility customers, who are loathe to absorb any additional …

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Oil and Gas Price Fraud Working Group Aims to Take the Air out of the Gasoline Price Parachute

Michael Giberson To call the administration’s Oil and Gas Price Fraud Working Group a circus clown’s balloon would insult clowns and their balloons, but there are certainly similarities: both are capable of being twisted this way and that, both are filled by hot air, and both are wholly lacking in meaningful economic content. From the …

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Epri White Paper Surveys the Electrical Energy Storage Field

Michael Giberson The Electric Power Research Institute has just published “Electricity Energy Storage Technology Options: A White Paper Primer on Applications, Costs and Benefits.” I haven’t read the report – including appendices it is 170 pages long – but the news release claims: “Study results indicate that the total U.S. energy storage market could be …

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Matt Ridley Writing Up the Shale Gas Shock

Michael Giberson Matt Ridley, esteemed science writer (The Red Queen, The Origins of Virtue, Genome: The Autobiography of a Species in 23 Chapters, Nature via Nurture, Francis Crick: Discoverer of the Genetic Code, and most recently The Rational Optimist), turns his prodigious writing talent to a short booklet on the prospects for shale gas to remake the energy landscape: …

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Prepaid Power Consumers Using Salt River Project’s M-power Service Reduce Power Consumption About 12 Percent

Michael Giberson The most detailed study of a prepaid power program in the United States is EPRI’s “Paying Upfront: A Review of Salt River Project’s M-Power Prepaid Program.” The report provides a good overview and assessment of the program. See the abstract, copied below, for more of a description of the content. One issue of …

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Mark Perry: Gasoline Taxes Vs. Exxon Profit, Per Gallon

Michael Giberson With Exxon Mobil reporting $10.65 billion profits for the quarter, expect (1) news reports on the billions of dollars in profits the company is raking in even as consumers are faced with $4/gallon gasoline, followed by (2) outraged political commentary about how Exxon is profiting from consumer misery. Mark Perry, blogging at Carpe …

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New Jersey is Not Exactly the Sunshine State, but Solar Panels Spring Up with Help of State Government

Michael Giberson Casually scanning a solar resource map wouldn’t naturally lead you to think that New Jersey would be a good candidate for solar power, but state government policies have resulted in it leaping into second place in PV installations (after California) in 2010. More PV was installed in New Jersey last year than in …

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Independent Monitor Finds No Market Abuse During Ercot Rolling Blackouts on February 2

Michael Giberson The ERCOT independent market monitor (IMM) has released its report on the February 2, 2011 rolling blackouts. Excerpts from the report introduction are below, but let’s get to the meat of the matter. The IMM was asked (1) whether there was any evidence that market participants tried to manipulate the market for financial …

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