Archive for July, 2009

 

“Be bold, Mr. President. We may make mistakes, but we are ready to experiment.”

Today, July 15, 2009, marks the 30th anniversary of President Jimmy Carter's infamous "crisis of confidence" Oval Office address. The speech is more commonly referred to as the "malaise speech," although Carter never used that wor...

Revisiting Speculation

  On July 7, the CFTC (US Commodities and Futures Trade Commission) put forward a proposal to limit speculative trading of oil and natural gas. Specifically, the CFTC proposed to: 1) impose limits on trading and positions an...

How Much Space is Needed to Capture the Wind

With growing interest in wind, it occurred to us that it would be interesting to know how much space a wind farm would need to generate the same output as a conventional power plant. Many nuclear power plants in the United States...

Christmas in July

“We'll be in until Christmas.” -Senator Barbara Boxer Not a phrase anyone who toils in Washington would ever want to hear, but not one that comes as a shock this year.  Senator Barbara Boxer (D-CA) vocalized what many have...

G8 – Sound and fury signifying…what exactly?

Some international law professors introduce the topic to their students this way:  "The thing to remember about international law is that there is none."  There are few better examples of this than the annual leaders' retreat kn...

Is natural gas the answer?

Reformed oil man T. Boone Pickens joined Senators Harry Reid (D-NV), Orrin Hatch (R-UT) and Robert Menendez (D-NJ) at a press conference on Capitol Hill today to announce the introduction of the NAT GAS Act. A summary of the bill ...

The Gasoline Tax: Will the U.S. welcome its successor?

  When President Obama increased fuel economy standards, there was little mention of the unavoidable loss in gasoline tax revenues.  Fuel taxes on gasoline and diesel account for 90 percent of income for the Highway Trust Fund ...

New Products and Meeting Consumers’ Expectations

There is no doubt that the government sometimes needs to push industry to adopt new standards that it might not otherwise adopt for the public good.  Efficiency standards are, perhaps, one of the best examples of such regulat...

Oil Demand: Have we reached the Tipping Point?

  This week’s Medium-Term Oil Market Report (MTOMR) by the International Energy Agency (IEA) offered yet another contribution to the heated debate on peak oil demand.  In its lower GDP scenario, IEA essentially flat lines glo...
«Previous Post Next Post»