Category Archives: Petroleum–A non-utility aside

Disruptions, Energy Markets and “Joseph and the Amazing Technicolor DreamCoat”

On 2014 April 22 as this year’s president of the National Capital Area Chapter (NCAC) of the U.S. Association for Energy Economics (USAEE), I will preside over NCAC’s 18th Energy Policy Conference, which this year has the title “Disruptive Technologies … Continue reading

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Pricing Gasoline When the Pumps Are Running on Backup Electricity Supply

I attended the MIT Club of Washington Seminar Series dinner on Tuesday, 2014 February 11, which this year is on the topic of “Modernizing the U.S. Electric Grid,” listening to Michael Chertoff talk on “The Vulnerability of the U.S. Grid.” … Continue reading

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Price Pressure on Input Capital Costs

We all know about the high cost of building nuclear power plants.  However, the operating costs are so low that the total cost of power out of a new nuclear power plant is just about competitive in the US electricity … Continue reading

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Oil Storage

During the Arab oil embargo of 1973, some people speculated that the US had a strategic petroleum reserve in the form of gasoline sitting in the driveways of most suburban homes.  The speculation was that many people made a point … Continue reading

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The Oil Spill Commission–Lessons Learned

A peer reveiw program might be the best way to avert the problems associated with the BP oil spill of April 2010. The nuclear industry put in such a program after Three Mile Island, with dramatically improved metrics. The electric system operators once identified Honor Roll members for those control areas with great ACE metrics. Continue reading

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The Market Can Handle “Peak Oil”

There is a new wave of pessimism that we are running out of petroleum, which will lead to doom and gloom. Some have advocated government controls. But they haven’t worked well in the past. However, the market can handle well such shortages. If the government doesn’t constrain the market too much. Continue reading

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2010 World Energy Outlook by International Energy Agency

Musings about the Internationa Energy Agency Wolrd Energy Outlook and a claim that petroleum demand is less responsive to prices than it had been and the implications for the subsidies provided by various countries, including Iran. I see political decisions confounding the issue of price responsiveness and subsidies making it more difficult for engineers to operate the electric grid. Continue reading

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