Author Archives: Lucas Davis

About Lucas Davis

Lucas Davis is an Associate Professor of Economic Analysis and Policy at the Haas School of Business at the University of California, Berkeley. His research focuses on energy and environmental markets, and in particular, on electricity and natural gas regulation, pricing in competitive and non-competitive markets, and the economic and business impacts of environmental policy.

Addicted to Oil: U.S. Gasoline Consumption is Higher than Ever

August was the biggest month ever for U.S. gasoline consumption. Americans used a staggering 9.7 million barrels per day. That’s more than a gallon per day for every U.S. man, woman and child. The new peak comes as a surprise … Continue reading

Posted in Uncategorized | 8 Comments

King Coal is Dethroned in the US – and That’s Good News for the Environment

This is the worst year in decades for U.S. coal. During the first six months of 2016, U.S. coal production was down a staggering 28 percent compared to 2015, and down 33 percent compared to 2014. For the first time … Continue reading

Posted in Uncategorized | Tagged , | 22 Comments

Move Over PEMEX

Gasoline stations in Mexico have all been exactly the same for decades. PEMEX, the state-owned behemoth has been the only show in town. Pull up to any of 11,400 stations nationwide and the experience is very similar: PEMEX stations selling … Continue reading

Posted in Uncategorized | Tagged , | 3 Comments

Do Energy Efficiency Investments Deliver During Crunch Time?

(Today’s post is co-authored with Judson Boomhower, who recently received his Ph.D. at Berkeley where he was a graduate student researcher at the Energy Institute and is now a post-doc at Stanford) Along with everyone else in Berkeley, we’ve enjoyed … Continue reading

Posted in Uncategorized | Tagged , | 20 Comments

Automakers Complain, but CAFE Loopholes Make Standards Easier to Meet

With gasoline prices averaging $2 per gallon, Americans are flocking to gas-guzzling vehicles. Last year was the biggest year ever for the U.S. auto industry with 17.5 million total vehicle sales nationwide. Trucks, SUVs, and crossovers led the charge with … Continue reading

Posted in Uncategorized | Tagged , , | 11 Comments

Getting Energy Prices Right

Last month Meredith wrote about coal being too cheap and Max wrote about gasoline being too cheap. But what is the right price for energy? Nobody in recent years has done more to try to answer this question than Ian … Continue reading

Posted in Uncategorized | Tagged , , | 23 Comments

New CAFE Standards: The Good, the Bad and the Ugly

New vehicles sold in the United States have long been subject to a set of fuel economy regulations known as the Corporate Average Fuel Economy (CAFE) standards. CAFE has been tightened several times during the program’s 40-year history, but no … Continue reading

Posted in Uncategorized | Tagged , | 20 Comments

Don’t Be a Grinch When It Comes to Holiday Lights

We bought them more than a decade ago. Several sets of Christmas lights. Every year we decorate the tree listening to Willie Nelson’s Pretty Paper, the greatest Christmas album of all time. We have two boxes, adding up to a … Continue reading

Posted in Uncategorized | Tagged , | 6 Comments

Historic Opportunity to Reduce Global Fuel Subsidies

With crude oil prices under $50 per barrel this is an historic opportunity for Saudi Arabia and other countries to eliminate energy subsidies. Low crude oil prices are making the impossible possible. Back in August, the United Arab Emirates (UAE) … Continue reading

Posted in Uncategorized | Tagged , | 7 Comments

Are Clean Energy Tax Credits Equitable?

A new Energy Institute working paper finds that income tax credits for weatherization, solar panels, hybrids, and electric cars go predominantly to higher-income households. Over the last decade, U.S. households have received more than $18 billion in federal income tax … Continue reading

Posted in Uncategorized | Tagged , , | 20 Comments