I appeared this week on our local PBS television station to talk about ethanol subsidies (one of my favorite rants). If you’re interested, you can watch a 5-minute broadcast of that interview via KPBS Full Focus.
Category Archives: energy
Who should pay this bill?
I suggested a few weeks ago that rising crude oil prices along with seasonal demand and fuel requirements were the primary cause of this spring’s hike in U.S. gasoline prices. As Menzie noted yesterday, refining margins are clearly also now making an additional contribution. Which reminded me to look into the current status of the now decade-long effort of Arizona Clean Fuels to try to build a new refinery.
Gasoline prices surge: Thinking about Some Causes
Nominal gasoline prices are at an all time high. However, in real terms, April prices were not the highest. May prices might be, depending on how you calculate it (hard to figure it out since May’s CPI is not yet out). From the Washington Post:
Peak oil in America
The following is an article I prepared for the Peak Oil Review, which is produced by the Association for the Study of Peak Oil and Gas.
New study of the effects of oil price shocks on the economy
University of Michigan Professor Lutz Kilian, whose research we’ve often highlighted here ([1], [2]), and Michigan Ph.D. candidate Paul Edelstein have an interesting new paper on how energy price changes affect the economy.
Northern Ghawar is in decline
If you end up being surprised by the big story of the next decade, you can’t say, “nobody told us.” Instead you’ll have to say, “we didn’t listen.”
Why are gasoline prices going up again?
Blame crude oil and the calendar.
Weekend links
Assorted links to updates on some of the stories we’ve been following at Econbrowser, including declining Saudi Arabian oil production, the role of mortgage-backed securities, and pressures on public pension funds to take on additional risks.
Cantarell fading quickly
A big challenge for Mexico and the rest of us.
New study of the determinants of oil prices
Professor Lutz Kilian of the University of Michigan has an interesting new paper on the historical determinants of crude oil prices.