Monthly Archives: June 2015

The Job Creation Shuffle

Energy Institute Blog

Renewable energy proponents and advocates of the Keystone pipeline finally agree on something: that the right way to count “job creation” is to focus narrowly on the jobs in the industry they want to boost and ignore the overall impact on employment.  Unfortunately, researchers who actually study employment are not on board.

The “green jobs” movement is currently having a break out moment in California, just as the fight over Keystone is headed towards a final showdown, with proponents bellowing more about the thousands of workers who will briefly be employed building the pipeline than the dozens who will operate it.

LetsCreateJobs

Photo Credit: Forbes.com

The “job creation” justification for government energy policies isn’t new, but its support among economists remains in the range of, well, zero.[1]  In the last couple weeks I’ve pinged leading macro, labor and environmental economists – many of whom have worked in the Obama…

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Comparison between biofuels and hydrogen as alternative energy sources

Energy Vulture

The European Union (EU) considers both biofuels and hydrogen as viable sources of energy to replace fossil fuels.  Sobrino et al. (2010) examined, from an economic perspective, the advantages and disadvantages of replacing fossil fuels with biofuels or hydrogen in European vehicles.  Although each alternative source of energy has different reasons for being a plausible fuel replacement, the authors found more reasons for hydrogen to be the more environmentally friendly and economically sound choice. — Jenny Ward 
Fernando Herna ́ndez Sobrino, Carlos Rodrı ́guez Monroy, Jose ́ Luı ́s Herna ́ndez Pe ́rez. 2010. Critical analysis on hydrogen as an alternative to fossil fuels and biofuels for vehicles in Europe. Renewable and Sustainably Energy Reviews 14, 772–780

 The authors first discussed the different reasons for promoting the use of biofuels and hydrogen, which include: reducing the EU’s reliance on foreign oil, constraining the price growth of…

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Subsidies—Love Them or Hate Them, It’s Better to Target Them

iMFdirect - The IMF Blog

By Masood Ahmed

(Version in عربي)

For decades, countries in the Middle East and North Africa have relied heavily on food and fuel price subsidies as a form of social protection. And, understandably, governments have recently raised subsidies in response to hikes in global commodity prices and regional political developments.

Like many things, there may be a time and a place for using subsidies.But, they need to be better targeted. And, often, there will be better alternatives. Alternatives that do a better job of protecting the poor.

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Global Energy Subsidies Are Big—About US$5 Trillion Big

iMFdirect - The IMF Blog

By Sanjeev Gupta and Michael Keen

(Versions in 中文, Français, 日本語Русский and Español)

In their blog, Ben Clements and Vitor Gaspar make the points that global energy subsidies are still very substantial, that there is a strong need for reform in many countries, and that now is a great time to do it. This blog sets out what we mean by “energy subsidies,” provides details on their estimation, and explains how they continue to be high despite the recent drop in international energy prices (Chart 1).

Slide1

Our latest update of global energy subsidies shows that “pre-tax” subsidies—which occur when people and businesses pay less than it costs to supply the energy—are smaller than a few years back. But “post-tax” subsidies—which add to pre-tax subsidies an amount that reflects the environmental, health and other damage that energy use causes and the…

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What to do about gas prices?

Energy Smart

americansunitedforchange.org

Americans United for Change has launched a campaign to Free Our Oil! While an interesting response to the Republican focus on lying to support drilling, I challenged this campaign, stating that this effort supports a quite dangerous framing of the problems and solutions.

If we make this just about gas prices, we are caught into a very dangerous framing. “Lowering” gas prices gets people thinking back to cheaper energy unit costs days. We need people, the nation thinking about enery as a system, as a “cost to own” rather than “cost to buy”. We (the nation) should foster upfront investment (help it) that will lower total “cost to own” by reducing wasteful use of polluting energy. While difficult in a robocall, every single message (I would argue) should avoid getting captured in messaging that fosters thinking that we can go back to days of cheaper gasoline. Over the…

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Petronas Gas’ pre-tax profit and revenue up in Q1

Wata - Malaysian Oil and Gas Engineer

Dateline 2015-05-12, TMI:

Petronas Gas Bhd’s pre-tax profit rose to RM571.29 million for the first quarter ended March 31, 2015 from RM543.21 million recorded in the same period last year.

Revenue increased to RM1.1 billion from RM1.05 billion.

In a filing to Bursa Malaysia, Petronas Gas attributed the better performance to higher gas transportation and gas processing revenues, which recorded an improvement of RM26.1 million and RM21.5 million, respectively.

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