Lynne Kiesling Last week’s Economist had several articles on energy policy, including this lead article on US energy policy and the energy bill that passed the House. This article does a nice job of pointing out what’s obvious, but obviously can’t be reiterated often enough, because it persists: US energy policy is a deeply-meshed rat’s …
Lynne Kiesling Last week the Capital Spectator had a good post about oil, in particular prices and the Valero/Premcor merger. Note that since his post oil futures have fallen to around $50/barrel from $54-55 earlier in the week; that’s a large drop. Most of the price decrease probably arises from geopolitical discussions and has nothing …
Lynne Kiesling The Valero purchase of Premcor announced Monday is another interesting, if not surprising, step in the industry consolidation that started in the mid-1990s. The press on the Valero/Premcor deal seems to hit all of the right notes; I would add to this article on demand continuing to outstrip refining capacity that one of …
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Lynne Kiesling Stephen at Disinterested Party has a post in which he argues that oil prices will fall. In short, he thinks it’s a combination of slowing demand and fleeing speculators once that demand slowdown hits the market. His take on speculation: Then there?s speculation. The oil market?s behavior this past year has been perplexing. …
Michael Giberson Tom Toles in the Washington Post offered the following last week:
Lynne Kiesling See this Business Week summary of the energy bill version that passed the House yesterday. The Washington Post opined that the bill is “new and unimproved”: More to the point, it will fail to give this country the truly revolutionary energy policy it desperately needs. Instead of pointing the way toward an eventual …
Lynne Kiesling Tim Worstall had a post yesterday on the “peak oil” calculation, inspired by a long article in the Guardian. Tim makes the important point in this post and in an earlier one to which he links that the economic assumptions on which the calculation rests are too static to be realistic. They don’t …
Lynne Kiesling On Friday Arnold Kling went public with a little email chat that he, Randall Parker and I were having about strategies for managing nuclear power plant risks. The Price-Anderson Act is a controversial piece of law that limits the liability of nuclear power companies, essentially acting as a federal insurance subsidy to the …
Lynne Kiesling We here at KP are a bit in the futurist optimist vein, so we pay attention to fuel cell technologies. One of my personal favorites is work to commercialize small methanol cartridges for use in phones, PDAs, and other small devices. So my instant thought when I saw this article on the development …
Lynne Kiesling Here’s a nice post on energy prices at Macroblog (and he’s even one of my homies, who knew?) that is worth a read. Yes, as he points out, oil importing countries do see the increase in oil prices as an inward shift in their supply curve. But it’s also true that, unlike the …
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