Energy markets

More on Ethanol Policy and Food Prices

Michael Giberson In an op-ed in the Washington Post, Lester Brown and Jonathan Lewis seem overly generous in their interpretation of the motivations for the now-obvious-failure of ethanol policy in the United States: Food-to-fuel mandates were created for the right reasons. The hope of using American-grown crops to fuel our cars seemed like a win-win-win …

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“Decade of Deregulation Felt in Climbing Bills”: Costs by Category

Michael Giberson As I mentioned yesterday, I thought the Washington Post‘s story (“Decade of deregulation felt in climbing bills“) on various costs embedded in electric power bills was reasonably good. But the article covers several aspects of the overall picture without always being clear about the role played by the charges. From the economics point …

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Paying Higher Electric Bills Under “Deregulation” for Past Choices by Regulators and Regulated Utilities

Michael Giberson The Washington Post today contains a story titled, “Decade of Deregulation Felt in Climbing Bills“: As they watch their bills climb, electricity customers in the Washington region might be surprised to know they are paying costs that have nothing to do with the rising price of fuel. Virginians are paying Dominion Power tens …

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Lobbying for Wind and Solar Power Tax Credits: Hurry “We’re Looking at 116,000 Jobs at Risk”

Michael Giberson The Washington Post reports on their hometown industry – lobbying Congress – in a report on efforts by the wind and solar power industry to have tax credits renewed. Some of the quotes have me wondering whether John Whitehead has had any success with his “lost green jobs challenge.” Here, for example, is …

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Latest Farmer Vs. Rancher Epic from Texas Centers on Ethanol

Michael Giberson An article in the Houston Chronicle reports that the high price of corn is putting the squeeze on the cattle feedlot business: [John] Van Pelt, the manager of a cattle feedlot in this town 50 miles south of Amarillo, is now paying $215 a ton for cattle feed — double what he spent …

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Viet Nam Seeks to Develop Competitive Power Industry

Michael Giberson From Viet Nam News: Ceiling prices set in accordance with each power station’s capacity technology and costs have been suggested for Viet Nam’s proposed competitive energy market in Viet Nam. British energy-industry consultant Campbell Carr made the proposal at a seminar to discuss the design of a competitive power market in Ha Noi …

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The One Small Silver Lining in $100/barrel Oil and Other Stories of Energy, Economy, and Policy

Michael Giberson A few scattered stories: In testimony to the US House and Senate Joint Economic Committee on Wednesday, Fed chief Ben Bernanke said, “the one small silver lining” in $100/barrel oil is that “a lot of alternatives become economically feasible.” In fact, well before $200/barrel, biking to work would become feasible for a lot …

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How is Changing a Government Mandate “Killing” the Electric Car?

Lynne KIesling Can someone please explain the logic of the argument in this Wired Autopia blog post to me? EV advocates say the California Air Resources Board is trying to kill the electric car — again. Under a proposal pending before the Air Resources Board, state regulators would slash — from 75,000 to as few …

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Reliable Power: the Winds of West Texas Vs. a Maintenance Worker Mistake in Florida

Michael Giberson It is rare that these little “learning moments” come nicely packaged, but the two near contemporaneous power system emergencies in Florida and Texas on February 26, 2008 present such a package. Still, otherwise intelligent industry observers seem to miss the point. Example, the Smart Grid News of March 26, which presents an overly …

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Price Gouging: At the Intersection of Emotions, Ethics, and Economics

Michael Giberson Usually, with annual Spring price increases, we hear the perennial allegations of gasoline price gouging from politicians. Despite all the talk about high gasoline prices, there hasn’t been a lot of talk about price gouging this year. The precise meaning of the term “price gouging” is sometimes hard to pin down, but a …

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