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Federal Reserve

Energy Inflation and Resetting the Dislocated Shoulder

By Energy Rant No Comments
As of last week, year-to-date energy prices are up 58% for NYMEX crude oil, 91% for NYMEX gasoline, and only 39% for retail gasoline. Retail prices seem to have a long way to climb as the high NYMEX prices make their way to the local gasoline pump. This week we look at how inflation is hitting our industry of efficiency and electrification and what might lie ahead. Let’s start with one-year price changes for a basket of commodities and roll forward with that. Diesel Fuel is Food Diesel fuel is used to transport seed, chemicals, fertilizers, and equipment to the…
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3 and Out

By Energy Efficiency, Energy Rant, Government, Tax Stuff, Utility Stuff No Comments
The New Scientist published an article by an economist saying that now is the perfect time to implement “long-overdue environmental regulations requiring US power plants to reduce emissions of mercury, arsenic and other toxic metals”.  And the added cost will be a boon to the economy.  That’s what the textbooks say, so it must be right! As the article states in one place, yes, retrofitting power plants will create jobs somewhere, and the higher cost will be passed on to consumers.  Do they equally offset on a macroeconomic level?  I severely doubt it but no one can prove that. In…
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