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Tim Haab
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Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days. As the Russian authorities announced a series of measures to ease the pressure on the ruble,... Continue reading
Reblogged 6 hours ago at Environmental Economics
i haven't seen any evidence of price increases in Ohio, but liquor prices here are fully State controlled. But just in case, I am building an addition on to my pantry for my planned stockpile.
1 reply
Is the great bourbon shortage really real? After writing about it last week, we got some rather irate emails from readers, alleging that we were being fed a marketing scam. (There's some skepticism out there on the internet, as well.) After all, there's still plenty of bourbon in the liquor... Continue reading
Reblogged yesterday at Environmental Economics
You can tell that I'm ramping up to teach principles of micro--I'm using env-econ to store examples, even if they have nothing to do with the environment. So here's a nice graph of ground beef prices over time. Now i just need to figure out what is going on so... Continue reading
Posted yesterday at Environmental Economics
"If we're using ethanol for environmental benefits, for air quality and climate change, we're going down the wrong path, [Jason Hill, University of Minnesota Engineering Professor] said." via Using life-cycle assessment and valuation techniques, Matt Winden and I (along with a couple of engineering colleagues) came to a very... Continue reading
Reblogged 2 days ago at Environmental Economics
While uncomfortable, sometimes it pays to think beyond the obvious: People who own all-electric cars where coal generates the power may think they are helping the environment. But a new study finds their vehicles actually make the air dirtier, worsening global warming. Ethanol isn't so green, either. "It's kind of... Continue reading
Reblogged 2 days ago at Environmental Economics
Data from price tracker shows that three states -- Oklahoma, Louisiana and Ohio -- have at least one station each selling regular gas for less than $1.90 a gallon. Cheap gas is most frequently found at stations in Oklahoma, which was the first state to break the $2 a... Continue reading
Reblogged 3 days ago at Environmental Economics
For 27 years in my graduate energy seminar, I’ve struggled to convince bright master’s and PhD students that oil prices might actually result from competition rather than a price-fixing conspiracy of oil companies and the Organization of Petroleum Exporting Countries cartel. But this year, my task was easier. via Continue reading
Reblogged Dec 10, 2014 at Environmental Economics
“We’re known as an academic university. It’s a place for smart kids. And when you add the success of soccer, now it’s cool to be a student-athlete.” via That's from H. Freeman Hrabowski, President of the University of Maryland, Baltimore County; AKA UMBC. I graduated from UMBC in 1991.... Continue reading
Reblogged Dec 9, 2014 at Environmental Economics
Is anyone else reminded of this, while watching? Continue reading
Posted Dec 9, 2014 at Environmental Economics
Published in a recent issue of the Canadian Journal of Agricultural Economics, the study is believed the first peer-reviewed study on this issue in Canada. It was conducted by Richard Vyn, a professor in the Department of Food, Agricultural and Resource Economics, and Ryan McCullough, a former U of G... Continue reading
Reblogged Dec 9, 2014 at Environmental Economics
OPEC countries failed Thursday to agree to a cut in oil production that was desperately sought by some member states worried about the recent drop in prices. Officials met for six hours of negotiations in Vienna. It would have been the first cut in production since 2008. via OPEC... Continue reading
Reblogged Nov 27, 2014 at Environmental Economics
“Air quality has improved dramatically over the past decades, and air quality will continue to improve under the existing standards,” said Howard Feldman, director of regulatory affairs for the American Petroleum Institute, which lobbies for the oil industry. “The current review of health studies has not identified compelling evidence for... Continue reading
Reblogged Nov 26, 2014 at Environmental Economics
In their paper, Francis and Vavrus suggested that a rapidly warming Arctic should interfere with the jet stream, the river of air high above us that flows eastward around the northern hemisphere and brings with it our weather. Sometimes, the jet stream flows relatively directly from west to east; but... Continue reading
Reblogged Nov 24, 2014 at Environmental Economics
Congressional climate wars were dominated Tuesday by the U.S. Senate, which spent the day debating, and ultimately failing to pass, a bill approving the construction of the Keystone XL pipeline. While all that was happening, and largely unnoticed, the House was busy doing what it does best: attacking science. H.R.... Continue reading
Reblogged Nov 20, 2014 at Environmental Economics
I read a book recently that was pretty much Freakonomics for Math (don't remember the title--I'm getting old). Anyway, a whole section was dedicated tot he stupidity of assuming linearity for prediction. Most of the bad examples were regression examples from economists.
Toggle Commented Nov 19, 2014 on I took the bait at Environmental Economics
1 reply
Your second reaction (1b) was to identify the statistical problem? Brings a tear to my eye.
Toggle Commented Nov 19, 2014 on I took the bait at Environmental Economics
1 reply
In the context of the ecological effects of reintroducing lost species into ecosystems, Last week I half-jokingly asked "..if reintroducing wolves is this great, what would happen if we reintroduced dinosaurs?" Well... The fierce debate over whether to clone a woolly mammoth has been reignited by a fresh attempt to... Continue reading
Reblogged Nov 18, 2014 at Environmental Economics
This is pretty cool. I have no idea if it's accurate but still cool. I don't doubt that wolves have had an impact on Yellowstone. But my inner economist has to ask, are we now better off? How do we know that this new steady state (if in fact it... Continue reading
Posted Nov 10, 2014 at Environmental Economics
Sen. James M. Inhofe, an the Oklahoma Republican who once compared the Environmental Protection Agency to the gestapo, is likely to lead the Environment and Public Works Committee when the GOP takes control of the Senate next year. via One of my favorite Inhofe quotes: "Well actually the Genesis... Continue reading
Reblogged Nov 5, 2014 at Environmental Economics
In its "synthesis report," the Intergovernmental Panel on Climate Change said that the hundreds of authors involved in the study were even more certain than before that the planet is warming and humans are the cause. via The founder of the Weather Channel disagrees: See? I'm fair and balanced. Continue reading
Reblogged Nov 3, 2014 at Environmental Economics
5. At our age, any increase in flow is a good thing.
1 reply
"People are just not very good at math and they find it particularly hard to make estimates about very large numbers or very small numbers," said Bobby Duffy, global director of the Ipsos Social Research Institute. via Continue reading
Reblogged Oct 29, 2014 at Environmental Economics
The decline in Arctic sea ice has doubled the chance of severe winters in Europe and Asia in the past decade, according to researchers in Japan. Sea-ice melt in the Arctic, Barents and Kara seas since 2004 has made more than twice as likely atmospheric circulations that suck cold Arctic... Continue reading
Reblogged Oct 27, 2014 at Environmental Economics