Search Results for: fishing

Social Costs of Oil and Gas Leasing on Federal Lands, Carefully Considered

2 Comments / Economics, Environmental policy, Regulation / By

OVERVIEW: A report filed with the US Department of the Interior recommended that terms governing the leasing of federal land for oil and gas development be updated to reflect social costs associated with such development. While such costs may be policy relevant, I suggest social costs are smaller than the report indicates and the recommended policy …

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Jonathan Adler on Common-pool Resources

4 Comments / Economics, Environmental policy / By

Lynne Kiesling Case Western law professor Jonathan Adler (someone to whom I link frequently here) is guest blogging for Megan McArdle at the Atlantic right now, and he’s sharing some valuable insights from his research in environmental and administrative law. His first post lays a foundation by summarizing and analyzing Garrett Hardin’s seminal “tragedy of …

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Saving Fisheries with Property Rights

1 Comment / Economics, Environmental policy / By

Lynne Kiesling Researchers at PERC have been working on free-market environmentalism and property rights-based approaches to aligning economic and environmental values for decades. This video does an excellent job of highlighting the work that PERC scholars and others have done to make ocean fisheries more sustainable by moving from open-access overfishing to population and profit …

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Oil Speculator Witch Hunt, 2011 Edition

3 Comments / Economics, Energy markets, Politics, Regulation / By

Lynne Kiesling Following up on Mike’s post yesterday about pandering politicians and their 2011 edition of the recurring petroleum price witch hunt … Others have weighed in on the idiocy of this “Oil and Gas Price Fraud Working Group”. Let’s start with KP’s go-to energy finance economist, Craig Pirrong: … it’s an opportunistic effort to …

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Pandering, Politicians, and Oil Prices

1 Comment / Energy markets, Politics / By

Michael Giberson The Free Dictionary defines pandering as, among other things, “To cater to the lower tastes and desires of others or exploit their weaknesses.” Here is a new example of the common political variant of pandering: The newly organized federal Oil and Gas Price Fraud Working Group. Consumers don’t like high gasoline prices and …

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Gusher of BP Oil-spill Fund Creates “Spillionaires”

1 Comment / Energy markets, Environmental policy, Politics / By

Michael Giberson A story reported by Kim Barker, ProPublica (a version of the story ran in the Washington Post). I’m excerpting several parts of the story, but the whole story is worth a look: The oil spill that was once expected to bring economic ruin to the Gulf Coast appears to have delivered something entirely …

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Walmart’s Increasingly Green Supply Chain

4 Comments / Economics, Environmental policy / By

Lynne Kiesling One of the most fascinating cases in environmental economics and business is Walmart. Over the past five years, Walmart has turned their famous supply-chain management sights on reducing the environmental impact of the products they sell while still keeping their costs, and therefore retail prices, as low as before. This Fortune magazine article …

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Walmart’s Increasingly Green Supply Chain

Economics, Environmental policy / By

Lynne Kiesling One of the most fascinating cases in environmental economics and business is Walmart. Over the past five years, Walmart has turned their famous supply-chain management sights on reducing the environmental impact of the products they sell while still keeping their costs, and therefore retail prices, as low as before. This Fortune magazine article …

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