Regulation

Electricity Restructuring and the Failure to Quarantine the Monopoly

2 Comments / Economics, Regulation / By

Lynne Kiesling In 2011, roughly fifteen years after the passage of the first state-level electricity regulation restructuring legislation (in states like California, Pennsylvania, Maine, …), retail competition for residential customers remains anemic in most of the 15 states + DC that have implemented restructuring and allow retail choice. Lots of possible theories exist for such …

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Open Up Bidding for Oil and Gas Leases on Federal Lands

4 Comments / Energy markets, Environmental policy, Regulation / By

Michael Giberson PERC’s Shawn Regan argues in favor of allowing environmental groups to bid in federal auctions for oil and gas development leases, a way to help ensure that use of federal lands reflects both the value of energy resource exploitation and the value of protecting those lands from development. The theory is that if …

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Advisory Committee’s Fracking Report Spurs Outpouring of Spin

Energy markets, Environmental policy, Politics, Regulation / By

Michael Giberson Even before the natural gas subcommittee to the Secretary of Energy Advisory Board released it’s “Ninety Day Report” on hydraulic fracking today, anti-fracking groups shifted their spin operations into high gear. On Monday, a letter to President Obama sponsored by 68 groups called on him to “employ any legal means to put a …

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Gasoline Taxes and Cafe Regulations

4 Comments / Economics, Energy markets, Environmental policy, Politics, Regulation / By

Michael Giberson Most of the current 18.4 cents per gallon federal gasoline tax is set to expire at the end of September, and there are some indications that it may become the occasion for the next big political fight in Congress. See Politico and Platts for background. Grover Nordquist, of Americans for Tax Reform, says …

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Gas Price Gouging on Rise*

Energy markets, Regulation / By

Michael Giberson Gasoline stations are violating price regulations at a higher rate than any other industry under government price guidelines, an Internal Revenue Service survey shows. About 20% of service stations checked were selling gasoline above the legal ceiling price, the agency said. Federal energy chief William Simon told The Milwaukee Journal’s Washington Bureau Thursday …

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More Internal Review of the Nyt Shale Gas Skepticism Articles, More Dishonest Journalism Discovered

1 Comment / Energy markets, Regulation / By

Michael Giberson While I was vacationing in New Mexico and Arizona, New York Times public editor Arthur Brisbane continued his analysis of the pair of late June articles in the newspaper that suggested widespread insider skepticism over the size and significance of recent shale gas developments. A June 26 story suggested the presence of significant …

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Risks and Regulation

4 Comments / Economics, Energy markets, Environmental policy, Regulation / By

Lynne Kiesling I’ve just returned from a conference on regulation in Bulgaria organized by the Istituto Bruno Leoni, a classical liberal think tank in Italy that does a lot of extremely good work developing and applying classical liberal principles and ideas to public policy issues in Italy and Europe. The topics included financial markets regulation, …

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New York Regulators Take Steps Toward Allowing Fracking for Natural Gas Production

Energy markets, Environmental policy, Regulation / By

Michael Giberson Today the New York Department of Environmental Conservation took a few steps toward permitting fracking of natural gas wells, a process necessary to produce natural gas from underground shale formations. Regulatory processes being as they are, it likely means fracking will remain off-limits in the state for some time. News reports include favorable …

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Antitrust As the Enemy of Innovation, and Therefore the Enemy of Consumers

2 Comments / Economics, Politics, Regulation / By

Michael Giberson Antitrust regulators at the FTC have taken adverse interest in Google’s activities. At Regulation2point0, Robert Hahn and Peter Passel comment (links in original, highlighting added): … perhaps the FTC probe may prove to be just another minor bump on the road to riches. But there are reasons to believe that it will prove to …

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