Amy Myers Jaffe

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

Why Americans Hate Gas Taxes

This post was written by James Coan, Research Associate at the Baker Institute Energy Forum. Americans as a whole really hate taxes, but they seem to particularly loath raising the gasoline tax. In December, when Pew asked Americans 12 options to reduce the budget deficit, more Americans (74%) disapproved of raising the gasoline tax than […]  More »

Does the President Realize We’re About to Have an Energy Crisis?

The upshot of President Barack Obama’s latest energy speech is correct. We can reduce one-third of our oil imports by 2025. Ironically, the United States has simultaneously never had a better or worse energy outlook. Improving corporate average efficiency standards will effectively bring America to the president’s target probably by itself. When you add the […]  More »

Japan Energy Impact

The Institute for Energy Economics of Japan (IEEJ) discusses the energy impact of the devastating earthquake that hit Japan on March 11, 2011 in its latest Japan Energy Brief. IEEJ notes that the earthquake and tsunamis, which tragically claimed the lives of tens of thousands of people and devastated cities, towns and villages in a […]  More »

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 »