Michael Giberson Looking for a thorough examination of the law with respect to fracking? This article, “American Law and Jurisprudence on Fracing,” appearing in the Rocky Mountain Mineral Law Foundation Journal looks pretty good. (Abstract of the article here; PDF of full article here.) From the conclusion: Given the size of the potential reserves made …
Michael Giberson The low cost of natural gas and the high cost of petroleum products like diesel and gasoline have produced a lot of interest in natural gas as a transportation fuel. It is an idea that’s been around for a while and works fine in practice. Most of the interest and effort has gone …
Ups Turns to Lng, Not Cng, for Natural Gas Fueled Long-haul Trucks Read More »
Michael Giberson What’s up with crude oil prices? A few updates from around the web: FuelFix.com: Oil Prices 101: Why is our crude so expensive? Financial Times EnergySource: “Either the Saudis step in or oil prices are going to the moon (and other predictions)“ Reuters: “NYMEX-US crude hits $103 on Libyan worries, eyes data“ Associated …
Crude Oil Prices Reacting to the Middle East, North African Unrest Read More »
Michael Giberson James Hamilton explains a bit more about market conditions driving the split between two benchmark crude oil prices, West Texas Intermediate and Brent. See “Brent-WTI spread” at EconBrowser. Hamilton directs his reader to additional detail in a post by Gail the Actuary at the Oil Drum (originally posted as “Why are WTI and Brent …
More on Cushing and the Wti-brent Crude Oil Price Spread Read More »
Michael Giberson The House of Representatives budget battle has produced a few shots at the ethanol industry, including “Sullivan of Oklahoma Amendment No. 94,” a proposal to prevent the EPA from taking steps to encourage the sale of gasoline with higher ethanol content for use in newer cars. The amendment succeeded, 285-136 (12 not voting), …
Michael Giberson Two groups of municipal utilities in Texas, long critical of electric power deregulation in Texas and ERCOT in particular, have joined forces to issue a report, “The story of ERCOT: The grid operator, power market & prices under Texas electric deregulation.” The municipals describe the report as examining “governance issues related to ERCOT as …
Is the Deregulated Market in the Ercot Region Sufficiently Competitive? Read More »
Michael Giberson Via email a reader asks about the divergence between two international oil price benchmarks – Brent and West Texas Intermediate (WTI). At EnergyBurrito, Matt Smith explains the once-reliable, now rocky relationship between Brent and WTI in “WTI and Brent Crude Oil Through Steve Carell and Ricky Gervais.” Gervais played district manager David Brent …
Bye-bye Wti? Local Conditions May Sink Global Oil Price Benchmark Read More »
Michael Giberson A regulatory filing by Energy Futures Holdings Corp., the parent company of Luminant, a major power generator in the Texas market, provides a small peak behind the curtain of confidentiality that has limited the public’s view of what all went wrong on February 2. A small peak, but a significant story: In an …
Ercot Rolling Blackout News: Powerful Market Forces Already at Work Read More »
Michael Giberson Via Houston Chronicle‘s Fuel Fix, notice of hearings on the ERCOT blackout being held Tuesday morning, February 15. Live now and should be archived later. More information from FuelFix: Blackout investigations start up this week ERCOT blackout: Changes already made to emergency procedures UPDATE: A link to ERCOT CEO’s presentation to its board …
Ercot Blackout Hearings Underway in Texas State Senate Read More »
Michael Giberson This result indicates that the quality of urban mobility infrastructure development can hard-wire either energy profligacy or energy efficiency into the system for decades. It also highlights the pernicious impact on long-term demand of low energy prices such as those driven by subsidies, particularly in emerging markets. From Shell’s Signals & Signposts: Shell Energy …
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