On Wednesday I noted that encouraging more U.S. oil production was unlikely to result in a significant drop in U.S. retail gasoline prices. Nevertheless, I believe that there would be some important economic benefits from lowering the U.S. oil import bill, as I discuss here.
Category Archives: energy
Presidential decisions and the price of gasoline
Here I offer a few reactions to some of the comments that President Barack Obama and Governor Mitt Romney made about energy policy in their debate last night.
Update on Iran sanctions
The boycott of Iran has been more successful than I had anticipated, with Iranian oil production and exports down significantly from a year ago.
Governor Brown solves California’s gas price problem
Though the record gasoline prices paid by Californians last week received national attention, it was from the beginning strictly a California problem.
California gas price spike
Californians who bought gasoline on Friday experienced an unpleasant shock.
Natural gas for transportation
As President Obama and Governor Romney prepare for the first presidential debate this evening, I thought I would offer my vision of where our nation’s leaders should try to take the country.
Fat fingers and the price of oil
Can the wild swings in the price of oil over the last few weeks have anything to do with supply and demand?
Thresholds in the economic effects of oil prices
As U.S. retail gasoline prices once again near $4.00 a gallon, does this pose a threat to the economy and President Obama’s prospects for re-election? My answer is no.
Imperfect Information, Biased Reasoning, and the Energy Efficiency Gap
In a new working paper, David Austin argues that for a variety of reasons, private agents do not optimize with respect to energy efficiency measures. From Addressing Market Barriers to Energy Efficiency in Buildings:
Geopolitical unrest and key oil producers
Some people observed 9/11 by lighting candles, others by killing more Americans.