These are unusual times in oil and gasoline markets, but not really mysterious. Everyone has a role to play in the pandemic. My primary role – as my younger friends … Continue Reading Petro Questions and (Some) Answers
There could be long run consequences for public transit ridership after this crisis is over. Currently, there are a large number of economists telling epidemiologists how to do their job … Continue Reading Will We Still Be Riding on the Same Bus Post Corona?
Two energy economists discuss supply, collusion, jobs, and the impact on gasoline prices. This week’s blog post is a podcast. Last Wednesday, I sat down (from a safe 2000 mile … Continue Reading The Policy and Politics of the COVID-19 Oil Market Crash
Economists can’t predict the future, but economics can help improve policy today. Oil markets aren’t the first thing that hardly anyone thinks about when reading updates on the novel coronavirus. … Continue Reading Oil Market Impacts of COVID-19
Recent sales of U.S. nuclear plants raise questions about safety, liability, and economic incentives. (Today’s post is co-authored with Catherine Hausman, an assistant professor at the University of Michigan.) Last … Continue Reading Nuclear Moral Hazard
To meet ambitious climate goals EVs need to be more than niche product for rich people. It has been over a decade since Tesla introduced the original Roadster. At $100,000+ … Continue Reading An Electric Vehicle in Every Driveway?
New evidence shows millennials are not so different after all. Starting around 2012 there was a lot of discussion about millennials being different. “Why Don’t Young Americans Buy Cars?” asked … Continue Reading Millennials Grab the Wheel and Step on the Gas
Mexico’s gasoline shortages and the lessons of the U.S. gasoline crises of the 1970s. Drivers in eight Mexican states are facing around-the-block queues to buy gasoline this week. Many stations … Continue Reading Why Economists Can’t Stand Shortages
An inventor, fracking, history and the future. If you have been following this blog for a while, you know that we rotate Mondays. And, if you’ve been following it for … Continue Reading 2018 Energy Books
U.S. oil and gas executives are “paid-for-luck,” with executive compensation increasing with oil prices. (Today’s post is co-authored by Catherine Hausman, an assistant professor at the University of Michigan and … Continue Reading Are Oil and Gas Executives Overpaid?
The direct costs would be large. The enrichment of world oil producers would be even larger. A few weeks ago, when California happily announced that it had met its 2020 … Continue Reading Should California Keep Its Oil in the Ground?
It’s time for lawmakers to make the $3 billion per year puzzle a priority. It’s not going away. Back in October, I blogged, and published an op-ed about California’s mystery … Continue Reading California’s Mystery Gasoline Surcharge Continues
Externalities from shipping crude by rail are still disproportionally larger than those from pipeline transport. My twitter feed exploded late last week. And no, I am not talking about the … Continue Reading The Keystone Pipeline’s XL-ish Spill
UPDATE: The day after I posted this blog, I learned that the tax structure problem that I noted here was actually largely corrected by the same legislation (SB1) that introduced … Continue Reading California’s Real Gasoline “Tax” Problems
A nice sounding slogan and empty policy goal. A reporter recently called me and asked me what I thought of the term “energy dominance”, which had been recently introduced … Continue Reading Energy Dominance
Capping greenhouse gas (GHG) emissions at individual facilities is a bad idea whose time, unfortunately, may have come in California. Unlike a statewide cap or tax on emitting GHGs, facility-specific … Continue Reading One Stone, No Birds