The Rise Of American Oil
On the Indicator, an NPR podcast show, Stacey Vanek Smith talks to Christopher Knittel, an economist at MIT, about what caused the turnaround in the oil dynamic between the US and OPEC, and what it means for the US and for the global economy.
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On the Efficiency of Competitive Energy Storage
FERC recently issued Order 841, which is intended to open wholesale energy markets to merchant storage providers. In this Working Paper, Prof. Richard Schmalensee explores the validity of the Order’s presumption that existing markets will provide at least approx. optimal incentives for investment in both storage and generation: it does not contemplate the establishment of new markets or new policies.
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Researchers: Bitcoin’s Carbon Footprint Equal to Las Vegas
In The New York Times, Christian Stoll discusses findings first published in a CEEPR Working Paper on the carbon footprint of virtual currency.
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Millennials Like Cars As Much As Boomers Do
Christopher Knittel is P&Qs’ Professor of the Week. Everybody knows that Millennials marry later and buy fewer homes than previous generations did. But when it comes to cars, that conventional wisdom is wrong…
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Optimal Commodity Taxation with a Non-renewable Resource
When governments need to raise public revenues, they should tax non-renewable resources more than regular commodities according to a dynamic rule. For carbon resources, that means augmenting the carbon tax in a way that further reduces their development and slows down their exploitation, which goes further in the direction of resolving the climate problem.
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Why reducing carbon emissions from cars and trucks will be so hard
In this article on The Conversation, CEEPR faculty Professors David Keith and Christopher Knittel point out the difficulties facing the transition away from internal combustion engine vehicles.
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