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On Externalities, regulation and technological improvements
Yesterday, I taught the basics of externalities, Pigouvian taxes and cap'n trade in my principles of micro class. To motivate it, I talk about sulfur dioxide emissions from coal fired utilities (always a thrill for students). The...Is the $75m cap on BP liabilities binding?
I'm still trying to figure out the extent to which the 1990 Oil Pollution Act $75 million cap on liabilities above and beyond clean-up costs is binding. This helps a little: BP's liabilities may be capped by a federal rule that limits the payouts...Terror knows no shape
Click here to see an animation of the oil blob stalking New Orleans. Or, click below for the Hollywood version: Link to original postBP Deepwater Horizon: At least $152,132 per day and counting
Yesterday, I prematurely calculated that IF Louisiana shut down recreational fishing access for May and June, the value of lost recreational fishing trips would be $9,280,080 ($152,132 per day). Start the clock: State agencies today closed...Estimating the lost recreational fishing value of the BP Deepwater Horizon oil spill
In 2000, John and I submitted a report to the National Oceanic and Atmospheric Administration (NOAA, get it?) entitled: The Economic Value of Marine Recreational Fishing in the Southeast United States. In the report, we used the fatally...Oil spill projection for April 30
Link to original postBut what about damages? BP obligations under the Oil Pollution Act
Under the 1990 Oil Pollution Act, passed a year after the Exxon Valdez oil spill in Alaska, the company [BP] is required to foot the bill for the cleanup. via www.cnn.com But BP's obligations will go well beyond cleanup: The Oil Pollution Act (...Note to Environmentalists: Economists are on your side
There is a tendency among some environmental writers to dismiss “classical”, “traditional”, “neoliberal”, or “mainstream” economics as somehow inimical to environmental interests. The problem is that more often than not these writers get the facts...Obama, oil markets and oil price fluctuations
I'm fairly conservative when it comes to letting markets do their thing. I don't like it when governments interfere with and regulate fairly well-functioning markets. That's why it bugs me a little when conservatives blame the President...Oil prices: It's the economics
Oil prices did spike to triple-digit levels in early 2008, then drop sharply. But think about the fact that right now, with the world economy still seriously depressed, oil is at $80 a barrel. This suggests to me that high oil prices are largely...Is climate change skepticism good for climate science?
First, a blurb from the Globe and Mail (which I know nothing about and for all I know could be a right-wing nutjob tabloid, or a left-wing wingnut tabloid for that matter, but in this case makes a relevant point): Until now, anyone who questioned...Regional carbon markets have a tough go of it in a global economy
Banks and investors are pulling out of the carbon market after the failure to make progress at Copenhagen on reaching new emissions targets after 2012. Carbon financiers have already begun leaving banks in London because of the lack of activity...
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Baby You Can Drive My (Electric) Car
Posted May 11, 2012 by Scott Edward Anderson
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Siemens develops ABS plastic alternative
Posted May 9, 2012 by Doris de Guzman
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Reduce CO2 and Slow Global Warming?
Posted April 30, 2012 by Willem Post
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WGC 2012 - 25th World Gas Conference
June 4, 2012, Kuala Lumpur, Malaysia
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Ecwatech 2012
June 4, 2012, Moscow, Russia
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Intersolar Europe
June 11, 2012, Munich, Germany
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Scott Edward Anderson is a consultant, blogger, and media commentator who blogs at The Green Skeptic. More »
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Geoffrey Styles is Managing Director of GSW Strategy Group, LLC and an award-winning blogger. More »
Dan Yurman is a nuclear energy blogger and writes regularly for Fuel Cycle Week. More »
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NERC CIP Compliance Training
When: Thu, 2012-05-24 08:00
Hidroenergia 2012
When: Thu, 2012-05-24 09:00
Webinar on Transported Asset Protection Association’s (TAPA) Freight Security Requirements and Trucking Security Requirements
When: Thu, 2012-05-24 14:00
Global JOJOBAWORLD 2012
When: Fri, 2012-05-25 09:00
NESCO Town Hall: Security Risk Management Practices for Electric Utilities
When: Wed, 2012-05-30 13:00
Ecwatech 2012
When: Mon, 2012-06-04 09:00
“Cities will need to be retrofitted, as a whole. There's much work to be done. Vertical farming and other forms of energy/space/agriculture integration will be necessary to further sustain how humans live on this planet.”
“David,Reserves, potential resources and production are not interchangeable, and apocalyptic statements that depend on conflating them are thus fundamentally flawed. Your cogent analysis makes this crucial distinction well. It just needs a bigger audience.”