Michael Giberson According to an Associated Press story, “A bipartisan group of 27 elder statesmen is sending an open letter to both presidential candidates and every member of Congress saying the country faces ‘a long-term energy crisis’ that threatens the security and prosperity of future generations if swift action isn’t taken.” More from the article: …
Michael Giberson An article on the barriers to combined heat and power plants from Forbes: Utilities that want to can often hit projects with repeated delays. [Neal Elliott of the American Council for an Energy-Efficient Economy] describes the sort of scenarios he’s seen. “Require an interconnection study, takes 60 days, present the study, 60 days …
Combined Heat and Power Plants Killed by Gratuitous Delays Read More »
Michael Giberson Chapman University law professor Tom W. Bell put together a brief statement of principles that the CFTC is encouraged to keep in mind as it considers its stance toward prediction markets. I was among the twenty or so folks who joined Bell in the statement, which he submitted to the CFTC in response …
Prediction Market Petitioners Urge Cftc to “First, Do No Harm” Read More »
Michael Giberson Renewable energy mandates are often popular state polices. According to the US Department of Energy, 24 states and the District of Columbia have “renewable portfolio standards” (RPS) which requires that a minimum percentage of power consumed in the state come from renewable resources. Four other states have non-binding goals. (Wikipedia on RPS for …
Group Challenges Arizona Law Mandating Payments for Renewable Energy Supplies Read More »
Michael Giberson The Global Subsidies Institute takes note of a report on the consumer (and taxpayer) costs of ethanol-blended fuel in Missouri: A report from a Missouri-based research organization debunks the claim that Missourians are saving money through a state law requiring that retail gasoline contain a minimum of 10% ethanol. The report is in …
Michael Giberson On July 4, The Guardian newspaper reported: Biofuels have forced global food prices up by 75% – far more than previously estimated – according to a confidential World Bank report obtained by the Guardian. The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by …
Michael Giberson Greg Mankiw called it “the Pigou Club in a Nutshell“, quoting the following from Tim Kane: we should aim to tax the bad things (noise, gasoline, trash, violent crime, evil foreign dictators) and untax the good things (homegrown profits, employment, innovation). But take another look at that list of “bad things”: noise, gasoline, …
Michael Giberson What is the current and future state of regional wholesale electricity markets? FERC wants to know, and so it has assembled a panel of experts to appear at a July 1, 2008, technical conference to be held at the Commission. All interested persons are invited to attend, and there is no registration required. …
Current and Future State of Regional Wholesale Electricity Markets Read More »
Michael Giberson Julio J. Rotemberg has a paper out about emotional reactions to prices and their policy implications. (“Behavioral aspects of price setting, and their policy implications.”) I think he is working on some interesting issues, but he comes up with such lousy “policy implications” at the end of the article that it ruined it …
Price Gouging Laws: Emotions, Economics, and Policy Read More »
Michael Giberson Word is, the Alaska natural gas pipeline is just about ready to get started. The thing is, it has been just about ready for 30 years. In the Energy Tribune, Alaska-born Ron Oligney diagnoses the problems that have kept progress on the Alaskan gas line at bay. Posturing by populist politicians plays a …
Alaska Natural Gas Line Ready to Take Off, Just As Soon As Politicians Get Things Sorted Read More »
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