Research that Informs Business and Public Policy
Energy efficiency (EE) discussions never get far before someone raises the specter of “rebound.” Rebound is the consumers’ response to an energy efficiency improvement that causes them to increase energy … Continue Reading In Praise of Energy Efficiency Rebound
Mexico is experiencing 50%+ curtailments of natural gas, a direct consequence of price controls. Whereas in the United States there are thousands of natural gas producers, in Mexico there is … Continue Reading Natural Gas Shortages in Mexico
Economists talk about something called the “social cost of carbon.” Here’s the basic idea: You may pay for the gas you put in your car, but when you burn it, … Continue Reading Tipping Points and the Social Cost of Carbon
Last week I provided my reactions to Senator Feinstein’s letter to the Federal Trade Commission (FTC) on market manipulation of gas prices after the Chevron Richmond refinery fire. Speaking of prices … Continue Reading Tesoro’s Acquisition of BP’s Carson Refinery (California Prices at the Pump: Part 2)
On August 6, a fire tore through Chevron’s Richmond refinery. The Richmond refinery is located in Northern California, a few miles outside of San Francisco, and is the third largest … Continue Reading California Prices at the Pump
The natural gas fracking debate has given rise to another interesting issue. On the one hand we like the cheap natural gas. The switch to natural gas for producing power … Continue Reading N(Fracking)IMBY
Scale economies and spillovers provide economic rationale for Federal regulation of oil and gas drilling. Last week Mitt Romney released a new energy plan (available here). The plan includes a … Continue Reading Optimal Federalism
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