Lynne Kiesling For once, both erstwhile KP authors are in the same place! I’ve organized a research roundtable at the Searle Center on Law, Regulation, and Economic Growth at Northwestern University, and Mike’s in town to attend. The event’s called Energy, Technology, and Institutions, and you can read the working papers to be discussed if …
Michael Giberson West Virginia Governor Joe Manchin released a statement last Thursday indicating his disappointment with Marathon Oil’s decision to temporarily halt sales to independent gasoline retailers in a part of the state affected by flooding and a May 9 declaration of emergency. The May 9 emergency declaration triggered the state’s price gouging law, and …
Predictable Consequences of Anti-price Gouging Laws Read More »
Michael Giberson In my just published post on zone pricing, I noted a newspaper story from New York which suggests that the recently enacted ban on zone prices was equalizing gasoline prices, at least around Rochester. To quote myself: Meanwhile, in neighboring New York, a newspaper story from suburban Rochester suggests that the state’s new …
Is the Zone Pricing Ban Raising Average Gasoline Prices in New York? Read More »
Michael Giberson From the website of Livvy Floren, Greenwich state representative and Assistant Republican Leader in the Connecticut House of Representatives, “Greenwich Delegation Calls for Ban on Zone Pricing of Gas“: HARTFORD- Greenwich State Reps. Livvy Floren (R-149), Lile Gibbons (R-150) and Fred Camillo (R-151) are dismayed the state legislature refuses to address the issue …
Michael Giberson Way to go, Sen. Goss. Now grandma in Wilmington is gonna go three days without a flashlight ‘cuz you don’t understand basic economics. That is the conclusion of a post on Carolina Politics Online about a proposal by North Carolina state senator Steve Goss to not limit the state’s price gouging law to …
Price Gouging Policy As Rendered in Everyday Politics Read More »
Michael Giberson “Our feeling is that natural gas prices have some challenges because of the LNG that may be coming this way due to our storage capability in the United States and the reduced industrial demand overseas,” Hackett said… Gas futures on the New York Mercantile Exchange have dropped about 30 percent this year, compared …
Lng Possibilities Keeping Natural Gas Prices Down in U.S. Read More »
Michael Giberson The Federal Energy Regulatory Commission has approved NYISO tariff changes intended to accommodate participation of flywheel and similar energy storage devices in markets to supply frequency regulation services. Flywheel developer Beacon Power applauded the change. The FERC order, linked above, describes a number of changes to the NYISO tariff and operating procedures needed …
Michael Giberson The title is lifted directly out of Craig Pirrong’s post on the Treasury departments proposal to “crack down on off-exchange trading of exotic financial instruments blamed for sparking last year’s crisis” (in the words of yesterday’s WSJ article). The Treasury wants derivatives contracts that commonly trade over-the-counter to trade through a centralized clearinghouse …
No Regulator Has or Will Have the Information, Expertise, or Esp Required to Do This Read More »
Michael Giberson An effective zone pricing ban in Connecticut would have the effect of equalizing the wholesale price to gasoline retailers in the state. As such, it would benefit some retailers and harm others. TheDay.com presents commentary from an owner of a retail gasoline station who expects to be harmed by the zone pricing ban …
Gasoline Retailer Opposes a Zone Pricing Ban in Connecticut Read More »
Michael Giberson From the Buffalo, New York, BusinessFirst: In a letter sent May 13 by FTC Chairman Jon Leibowitz to Higgins, the agency said after a careful and extensive investigation, regulators could not find any evidence of illegal activity in gasoline markets in any of the affected cities. The agency monitored prices in Buffalo, Jamestown, …
Congressman to Western New York Gasoline Retailers: We Will Be Watching You Read More »
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