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March 31, 2025
Economics and Politics of Tariffs
In recent years, when teaching my senior policy capstone course I would often pivot the course on short notice to discuss current events, updating the readings on the syllabus, and often inviting guest lectures from relevant experts. Among such pivots were Covid-19, Russia-Ukraine, the U.S. elections, October 7th, and more. Part of my motivation of…
March 31, 2025
“Drill, Baby, Drill” is Nothing Short of a Myth and Populist Rallying Cry
Who uttered the quote that is the title of this post? A prominent climate activist, perhaps? Or maybe, a progressive Democratic member of Congress? No and no. The quote comes from a representative of a Texas-based oil and gas production firm last week to the Federal Reserve Bank of Dallas in its March Energy Survey. Here…
March 27, 2025
Global Energy Demand Set to Accelerate
The International Energy Agency has just published its Global Energy Review 2025. In this post I share the five most important take-aways I see in the report. I encourage you to have a look at the full report for IEA’s interpretation of its top conclusions. Let’s jump right in . . . Have a look at the figure…
March 20, 2025
Regional Transmission Organizations as Market Platforms V
In this RTO series, I’ve been exploring the decision-making processes and corporate governance structures within Regional Transmission Organizations (RTOs), highlighting how these institutions perpetuate the control and decision-making power of incumbent investor-owned utilities (IOUs). Today, we’ll delve deeper by examining two critical, complementary insights: first, how monopoly regulation dilutes corporate governance incentives for IOUs, and…
March 12, 2025
How To Get Rid of a Tenured Professor
I was a tenured full professor at the University of Colorado Boulder for almost 24 years. At the end of 2024, I left. Officially, it was a voluntary departure. But I sure felt like I’d been pushed out. My story started in 2015, when Rep. Raúl Grijalva (D–Ariz.) asked the university to investigate me. He alleged that…
March 11, 2025
Welcome to the Era of Energy Realism
Every year for the past 15 years, JP Morgan publishes an outstanding annual energy report by Michael Cembalest. Last week JP Morgan published its 2025 edition and today I share five important figures from the many in the report, which I highly recommend. Cembalest’s top line: [A]fter $9 trillion globally over the last decade spent on wind, solar,…
March 3, 2025
Thinking About Tanks
Speaking yesterday on Fox News, U.S. Secretary of Commerce Howard Lutnick indicated that official data for U.S. GDP would now separate out government spending from the rest of the nation’s overall economic tally. “You know that governments historically have messed with GDP. They count government spending as part of GDP. So I’m going to separate those two…
February 27, 2025
Innovating Future Power Systems: From Vision to Action
The electricity sector is at an inflection point. The historical model of centralized, monopoly-provided electric service is under pressure from technological change, shifting market forces, evolving policy objectives, and changing consumer expectations. This transformation is accelerating. One fundamental question looms: how can power systems evolve to balance desired outcomes like reliability, resilience, affordability, and decarbonization…
February 19, 2025
Regional Transmission Organizations as Market Platforms IV
Networks shape modern life. From roads to the internet to global supply chains, they enable movement, exchange, and value creation. But networks also suffer from congestion, a problem driven by both physical limitations and the difficulty of defining and enforcing property rights. In some networks, pricing mechanisms can help mitigate congestion, but political and regulatory…
February 19, 2025
Regional Transmission Organizations as Market Platforms IV
Networks shape modern life. From roads to the internet to global supply chains, they enable movement, exchange, and value creation. But networks also suffer from congestion, a problem driven by both physical limitations and the difficulty of defining and enforcing property rights. In some networks, pricing mechanisms can help mitigate congestion, but political and regulatory…