Law of Supply and Demand Confirmed!
Suppy and demand isn’t just a theory, it’s the law. Demand drops (EIA): Price drops (AAA): (I find that consumption graph from EIA incredibly compelling.)
Archive of posts filed under the energy category.
The Peak Oil-Climate Linkage
A couple of weeks ago, I wrote a short piece for the newspaper about a talk by David Rutledge on his analysis of the peak oil-climate linkage: Humanity may be rapidly running out of fossil fuels, according to Dave Rutledge, but every cloud has its silver lining. In this case, the California Institute of Technology …
Drought in Kyrgyzstan
Drought does not only mean thirst and failed crops. In Kyrgyzstan it also means blackouts: The question of whether the country will be able to avoid major heat and electricity outages has become more pressing than ever. Due to the especially dry weather since the summer of 2007 the level of water in Toktogul reservoir, …
Mixing Solar and Coal
Via Rich Sweeney, and interesting project to test adding solar energy to existing fossil fuel plants: Both projects involve adding steam generated by a solar thermal field to a conventional fossil fuel-powered steam cycle, either to offset some of the coal or natural gas required to generate electric power or to boost overall plant power …
Questions on the Gore Plan
Rich Sweeney may be an Al Gore enthusiast, but he’s got some good questions about the gritty details of Gore’s “renewable in 10 years” plan.
Hall on Energy Subsidies
Last week, I argued that U.S. military spending ought to be considered in a tally of energy subsidies. Daniel Hall thoughtfully disagrees: You can certainly find estimates that imply total U.S. energy subsidies are north of $100 billion a year, but I haven’t seen any estimates that look rigorous or convincing. This study put out …
Make Me Drive Slower!
The GAO looks at the energy-saving benefits of a reduced speed limit. The answer? Dunno. For high speeds, going slower for sure saves gas, but there’s the whole lawlessness thing… However, other factors, including drivers’ compliance with a reduced speed limit, would affect the actual impact of a lower speed limit on the amount of …
Sunday Morning Oil Blogging
From Wednesday morning’s Financial Times, an example of what happens when the price of oil drops. It’s Saudi Arabia, reviewing the capital investment it was planning back in the olden days, when oil was expensive: Mr Buraik said he expects other countries to conduct their own reviews in the wake of changing dynamics. “People would …
Energy Subsidies
An interesting new working paper by Hall et al. looks at the role of energy subsidies in the developing world as a problem – and potential solution – in dealing with climate change: Many non-OECD countries currently subsidize energy, and particularly fossil fuels, thereby creating an opportunity for subsidy reform or elimination that would have …
OPEC: A Bunch of Cheaters
One of the problems with cartels is the extent to which members cheat. According to the EIA, OPEC’s members can be expected to cheat on their latest agreement to cut production though, oddly, EIA expects them to cheat less than usual: A key question regarding OPEC’s October 24 announcement of a 1.5 million bbl/d output …