Michael Giberson Reuters reports from Moscow: MOSCOW — The world’s top gas exporting nations will set up a formal organization at a December summit in Moscow, a Russian official said on Wednesday, but denied the new body will seek to copy OPEC’s production quotas. “No one is planning to regulate gas production volumes. It is …
Any Reason to Fear an International Gas Producers Cartel? Read More »
Michael Giberson Only after posting my earlier examination of the interaction of wind power, the production tax credit (PTC), and negative power prices in ERCOT did I discover a related analysis, “Curtailment, Negative Prices Symptomatic of Inadequate Transmission,” by Michael Goggin, an American Wind Energy Association analyst, that appeared in September at Renewable Energy World. …
Michael Giberson Platts reports an airline financial analyst as telling an industry group that hedging fuel costs is a waste of time. The world’s airlines should stay away from trading oil derivatives and hedging in general because the exercise had proven to be “a waste of time,” the head of Asia transport research at Swiss …
Does Hedging Against Fuel Price Movements Increase Airline Value? Read More »
Michael Giberson If the energy-trading world were an iceberg, public markets like the New York Mercantile Exchange would be the exposed tip. The over-the-counter market would be the vast, hidden bulk. So begins a good overview of energy trading from the WSJ, “Talking about trades,” which actually reflects a passing understanding of the commercial world. …
Should All Energy Futures and Derivatives Contracts Trade on Regulated Exchanges? Read More »
Michael Giberson What is with all of the negative power prices in the West region of ERCOT? In the first half of 2008, prices were below zero nearly 20 percent of the time. During March, when negative prices were most frequent, prices were below zero about 33 percent of the time. After mostly taking the …
Lynne Kiesling Reason’s Shika Dalmia has been making some libertarian-friendly Cabinet recommendations, and in her discussion of possible candidates for Secretary of Energy, she reminds us of a great idea floated jointly by Ed Crate of the Cato Institute and Carl Pope of the Sierra Club a few years ago, in 2002: But there is …
A Subsidy-Free Policy for Green Energy and Innovation Read More »
Michael Giberson New York is about to find out whether zone pricing in gasoline markets is as bad for consumers as some people believe. Zone pricing is “a gasoline industry practice of selling the same brands and grades of fuel to retail sellers at different prices depending on the ‘price zone’ in which the retail …
Michael Giberson An excellent look at ExxonMobil in the Sunday New York Times. The article makes a strong case for the view that ExxonMobil is one of the best run large international corporations in the world. The article observes that the company has reacted to recent record profits by, among other things, increasing dividends and …
“Exxon is a Cash Machine, and They Could Be Using That Cash to …” Read More »
Michael Giberson From the Star-Tribune in Minnesota, “Xcel looks to harness wind energy for use even when there’s no wind “: Next spring Xcel Energy Inc., the state of Minnesota and a Virginia-based technology firm will test the first battery in the country capable of storing wind energy. Well, that’s a bit wrong. Any battery …
The First Battery in the Country Capable of Storing Wind Energy? Read More »
Michael Giberson Jeffrey Ball at the WSJ’s Environmental Capital blog describes Xcel Energy’s first steps in bringing Vehicle-to-grid power into its SmartGridCity effort in Boulder, Colorado: So far, it’s pretty small potatoes, involving exactly one car and one plug. But boosters say it has the potential to revolutionize – and revitalize — our aging power …
Not the Only Car-of-the-future Looking for a Handout Read More »
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