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 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 21, 2025
Innovating Future Power Systems: From Vision to Action
Key Points Read the full report here.
February 20, 2025
Innovating Future Power Systems: From Vision to Action
Key Points Executive Summary The global energy landscape is transforming, and nowhere is this more evident than the electricity sector. Technological advancements, shifting economic conditions, and evolving environmental policies are converging to reshape the way power systems operate. This report explores the implications of these changes for the future of power systems, focusing on the…
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
Trump’s Tariffs Would Prime Prices at the Gas Pump
Donald Trump promised tariffs, and he delivered, imposing by executive fiat tariffs of 25 percent on imports from Canada (10 percent on Canadian energy) and Mexico and 10 percent on imports from China. His justifications are “the major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl,” and our “major trade deficits with those countries.” According…
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…