Since reading Catherine’s post last week (link here), I have been thinking a lot about Venezuela’s gasoline subsidies. Venezuela has the cheapest gasoline on the planet. At official exchange rates, … Continue Reading Venezuelan Gas Guzzlers
Last August the Obama administration announced new fuel economy standards. Cars and trucks sold in the United States must reach an average fuel economy of 41.7 miles per gallon by 2020, increasing to … Continue Reading Fuel Economy Standards and Used Cars
(This blog post co-authored by David I. Levine) When people own a home or condominium, they have incentives to think about the efficiency of their appliances. Thus, more than a third … Continue Reading Renting Inefficiency
Whereas in the United States there are thousands of natural gas producers, in Mexico there is only one, Petróleos Mexicanos, also known as PEMEX. And, as is the case for … Continue Reading Natural Gas Shortages in Mexico
Last week Mitt Romney released a new energy plan (available here). The plan includes a proposal to reduce federal oversight of oil and gas drilling on public lands. National standards for … Continue Reading Optimal Federalism
Hydraulic fracturing and other recent technological advances have dramatically increased the availability of natural gas, providing large benefits to the U.S. economy. At the same time, however, these new forms of … Continue Reading Bonding Requirements for Natural Gas Producers
Supporters of energy-efficiency policies argue that they are a “win-win”, helping to reduce energy expenditures while also reducing carbon dioxide emissions and other negative externalities from energy use. This much … Continue Reading Free Lunch?