Amy Myers Jaffe

Views from the University of California at Davis' Amy Myers Jaffe.

Three Mile Island’s Delayed Effect on Nuclear Attitudes

This post was written by James Coan, Research Associate at the Baker Institute Energy Forum. Polling numbers have worsened somewhat for nuclear power, but chances are the United States won’t see a major policy shift that would rescind federal loan guarantees for new nuclear construction. Yet bets are off if another anti-nuclear story captivates the […]  More »

Saudi Unrest Points to Growing Problems with Oil Price Uncertainty

Oil prices were about to post a major correction based on concerns about the health of the global economy when news surfaced that civil unrest was spreading to Saudi Arabia’s oil rich region of the Eastern province where the population is predominantly Shiite, and local leaders have complained about underrepresentation in the predominantly Sunni Saudi […]  More »

Government Motors Once Again?

This post was written by James Coan, Research Associate at the Baker Institute Energy Forum. If not for intervention in 2009, only one of the Big Three domestic automakers would still be in business: Ford. Along with the rest of the auto industry, the Big Three suffered during the financial crisis, but what really put […]  More »

The Spike in Oil Prices Is Not a Matter of Supply

I have a post answering the question “What’s Behind the Spike in Oil Prices?” over at the New York Times’s Room for Debate blog.  I argue that the fundamentals of current oil supply don’t explain the rapid increase in prices above $85 a barrel. Instead, fear that political change will keep spreading across North Africa […]  More »

Oil Price Surge and the Middle East

Oil markets seem to have awakened this week to the contagion effect that ongoing Middle East popular turmoil might have on oil producing countries. Announcements that oil companies operating in Libya were evacuating non-critical personnel perhaps brought home the point that Middle East oil production could be at risk. Libya produces over 1.5 million b/d […]  More »

Measuring the Oil Price Premium for Mideast Turmoil

People are starting to ask: How much of a premium is in the price of oil due to the turmoil in the Middle East? The answer is harder to guesstimate than usual. That’s because U.S. benchmark West Texas Intermediate crude oil (WTI) has lost its prime status. Several factors have contributed to a steep discount […]  More »

Time to Revisit Offshore Drilling

European oil markets were incredibly jittery this past week based on fears of continued instability in the Middle East. Reports of worker strikes at the Suez Canal caused an upswing in European refined products markets which would bear the brunt of any closure of the canal to oil traffic. Jet fuel cargoes from the Middle […]  More »

Is $100 WTI Inevitable for 2011?

At the end of 2010, Wall Street predicted $100 oil. Predictions can be self-fulfilling, and the mantra was that the global recovery would bring back high oil demand growth and with it, higher prices. Investors searching for a return should look to oil as a “sure-bet.” And sure bet it turned out to be, thanks […]  More »

Outlook for Natural Gas Prices in 2011

This post was written by Kenneth B. Medlock III, Ph.D., James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics & Deputy Director, Baker Institute Energy Forum The natural gas market has undergone tremendous change in the past ten years.  We have moved from a consensus view in the early 2000s […]  More »

Filling Up with Electricity

This blog post was written by James Coan, Research Associate at the Baker Institute Energy Forum. Houston is going green. By the summer, most of the green dots on the map above will be locations that have electric vehicle charging stations. An electric charging station is very different and much more discreet than gas stations […]  More »

Don’t Eliminate Power to Improve Vehicle Efficiency

This post was written by James Coan, research associate at the Baker Institute Energy Forum Recall the trite phrase “don’t throw the baby out with the bathwater.” In trying to limit the power of the EPA to regulate greenhouse gases (GHGs), some legislators may be doing just that, effectively voting to eliminate the most powerful […]  More »

Is Saudi Arabia a Force in the Oil Market?

His Royal Highness Prince Turki Al Faisal Al Saud, former Saudi ambassador to the United States and Britain and a leading member of the ruling Saudi family, emphasized in a lecture recently at the Baker Institute that we live in a highly interdependent world. The key message of the Prince’s speech, which was titled “A […]  More »

Looking Across the Pond for a New Offshore Regulatory Regime

This post was written by Ruchir Shah, President of the Baker Institute Student Forum, who just completed an independent study course on U.S. energy policy. On April 20, 2010, a blowout in BP’s Deepwater Horizon oil rig in the Gulf was responsible for one of the most devastating disasters in American history. It demonstrated a […]  More »

Is Wall Street Too Bullish on Oil?

This weekend’s decision by the Organization of Petroleum Exporting Countries (OPEC) to leave OPEC quotas unchanged doesn’t mean oil production from the producer group won’t be rising next year. Iraq is expected to add about 200,000 b/d of incremental oil production over the course of 2011 as foreign firms make progress on contracts to enhance […]  More »

Cutting $5 Billion+ in Federal Spending, Nearly Consequence-free

This post was written by James Coan, research associate at the Baker Institute Energy Forum. The federal government has an opportunity to cut spending by over $5 billion next year with nearly no impact, and all it has to do is…nothing. The federal tax credit for blending ethanol, currently at 45 cents/gallon, is set to […]  More »