Energy
Put That In Your Tank and Smoke It
The next time anyone tells you that an increase in gasoline prices (say, as part of a carbon-tax or a cap-and-trade system) would generate unbearable costs to consumers, think again. The Los Angeles Times reports something that I have often seen but never really thought through: gasoline stations often a couple block away from each …
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CONTINUE READINGThe San Bruno Explosion and the Public Trust
Do you remember the horrific Pacific Gas & Electric Company (PG&E) natural gas pipeline explosion in San Bruno, California, that killed eight people and burned down dozens of homes? Two years later, there are still several proceedings pending before the California Public Utilities Commission (CPUC) to figure out who should bear costs resulting from the …
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CONTINUE READINGGreat Expectations: A Dozen Views of Obama’s Second Term
As we approach inauguration day next month, I thought it would be interesting to pull together the advice that people are giving him about his second term. Here are some links if you’re interested in what people are hoping for (or in some cases, dreading). From the N.Y. Times, the views of Carol Browner (advocating …
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CONTINUE READINGNatural Gas Fracking: Don’t Worry, Be Happy!
When George Washington Law School’s Richard Pierce talks about energy, I listen. And a few days ago he posted a short piece with the provocative title, “Natural Gas Fracking Addresses All Of Our Major Problems.” (emphasis in original!). If you want to read the nutshell case for why fracking is good, then this is your …
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CONTINUE READINGThe Current U.S. Energy Pathway is Paved with Coal, Oil and Natural Gas
How well are we doing, in our efforts to strip fossil fuels from our energy mix? If you want to believe the most recent estimates from the U.S. Energy Information Administration (EIA), the answer is: not so well. As EIA prepares its 2013 report on the impact of various proposed policy changes, it asks itself: …
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CONTINUE READINGInternational Trade in Renewable Power Equipment
In the absence of global carbon pricing, how will the growing world economy decarbonize? We all hope that emissions per dollar of GNP will decline faster than GNP grows but how does this happen when explicit incentives to decarbonize aren’t embraced? The magic of international trade offers one possibility. In this recent …
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CONTINUE READINGRenewing Britain’s Clean Energy Vows
The British are ramping up their efforts on renewable energy. The NY Times reported a few days ago that the new plan will “gradually quadruple the charges levied on consumers and businesses to help support electricity generation from low-carbon sources, to a total of about £9.8 billion, or $15.7 billion, in the 2020-21 fiscal year, …
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CONTINUE READINGCalifornia electricity consumers may receive cap-and-trade dividend
As I mentioned on Monday, the 23.1 million greenhouse gas (GHG) allowances (current-vintage) sold at the cap-and-trade auction on Monday were all consigned to auction by utility companies. The $233 million generated by that sale must now be used by those utilities to the benefit of ratepayers. Last Friday, the California Public Utilities Commission (CPUC) issued its …
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CONTINUE READINGTake a Hike!
Walking is a sufficiently novel idea to be the subject of newspaper stories — as if our ancestors hadn’t been doing it since long before Homo sapiens evolved. Anyway, walking is the hot new thing in D.C., according to the Washington Post: “Walkable” is a feature sparking sales and energizing future development and redevelopment, according …
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CONTINUE READINGTime for a California Oil Severance Tax
California’s new Democratic supermajority will be sorely tempted to raise taxes and fees across the board, which I have earlier suggested is a bad idea politically. But that hardly means that it should reject new revenues altogether, and the easiest place to start would be an oil severance tax. The oil severance tax works exactly …
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