Energy markets

BP’s “Deepwater Horizon: Accident Investigation Report”

Michael Giberson BP released the report of its internal investigation into the drilling accident in the Gulf of Mexico. Also available is a half-hour video explanation. The Financial Times energysource blog has identified some of the key points from the report and a response from Greenpeace as well: BP oil spill report: “No single factor” to …

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An Economic Analysis of Comparative Fuel Economy?

Lynne Kiesling Thursday’s Wall Street Journal had an article on airline fuel economy, “A Prius With Wings vs. a Guzzler in the Clouds“, and it presents an analysis that is a good starting point for thinking about an economic comparison of the fuel efficiency of different modes of transportation. The analysis compares the fuel economy …

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Auctioning Power Transmission Capacity Contracts of Varying Duration

Michael Giberson Suppose you are a merchant transmission line operator with a DC power line linking point A to point B.  Some potential customers prefer to buy transmission capability the day before the power flow, while others would like to buy monthly, annual, or even multi-year contracts.  While some customers want 24-hour delivery, others seek …

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Will Pace Financing Damage the Mortgage Market?

Michael Giberson Tom Konrad examines the question, “Will PACE financing damage the mortgage market? PACE is “Property Assessed Clean Energy” financing, a financing mechanism through which cities sell bonds and then loan the proceeds to property owners to improve building energy efficiency. As noted here previously, I’m not opposed to the PACE approach to investments …

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Orlando Wants to Discourage High Gas Prices Near the Airport

Michael Giberson News headlines say, “Orlando wants to prevent gas price gouging,” though the practice Orlando politicians want to stop isn’t price gouging, per se. Rather, the target of the proposal is gasoline retailers near Orlando International Airport who charge substantially higher gasoline prices than neighboring stations. The proposal would require gasoline stations near the …

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Oil Spills, Movie Stars, Robot Unicorns and Regulation

Michael Giberson Even before the current oil spill into the Gulf of Mexico it was well understood that drilling offshore sometimes results in spills.  The current oil spill in the news has brought the idea of spills to the attention of many, many more people, people who don’t usually think too much about these things.  …

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Texas Wind Power: It Isn’t About the Rps

Michael Giberson Texas did it again, it achieved it’s target for new renewable power generation capacity years ahead of schedule. And so, of course, as it becomes increasingly obvious that the Texas Renewable Portfolio Standard (RPS) is essentially irrelevant to growth in wind power, the Texas RPS is increasingly held up as a success and model …

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