Fox News is reporting that the Dept of Homeland Security has received a specific threat against the Palo Verde nuclear power plant in Arizona, and that fed, state and local authorities are providing coordinated defense of nuclear power plants. UPDATE: See this CNN story on the threat.
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No Surprise There
Oil fires in Southern Iraq, near Basra. Massing of ground troops, one hopes with one of their objectives being to extinguish those fires before they cause serious environmental and economic harm. Delayed quotes on oil markets don’t show any effect yet from that information. Iraqi officials deny the reports, according to Reuters. OK, now I’m …
Where’s The Oil Price Spike?
The commencement of incursions into Iraq has not led to price spikes in oil markets, but instead to a three-year low. Part of the explanation for this is the expectation of a quick war that does not disrupt supplies. This Bloomberg Energy News article also answers my question from earlier this week about the reasons …
Stricter Cafe Standards For Light Trucks Are Inefficient
Check out this new AEI-Brookings Joint Center study on light truck fuel efficiency. Punch line: more stringent fuel efficiency standards for light trucks are an inefficient way to reduce gasoline use. From the abstract: The National Highway Transportation Safety Administration (NHTSA) recently proposed increasing the fuel economy of new light trucks by 1.5 miles per …
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