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Vernon Smith, in 1988, anticipating the development of RTO's to manage regional economic dispatch in the electric power industry. From Smith's “Electric Power Deregulation: Background and Prospects,” Contemporary Policy Issues, July 1988.

Found this helpful graphic from 2014... damn fine way to explain horizontal fracking vs. old school vertical

On why the cheapest form of energy does well in Texas: “[Texas] set up its markets to be cut-throat,” says Joshua Rhodes, a research scientist at [UT Austin] By contrast, in many other parts of the US, there is no competition at all, says Rhodes. telegraph.co.uk/gift/80aac07ff…

Absolutely. In addition to lots of land, sun, and easy permitting, solar does well in Texas because of deregulated, competitive, wholesale energy-only markets. It has the most price competition of any energy market in America, so the cheapest power sources do well.

“I thought it would be obvious that we’re all better off, but actually you need to explain to people that the pessimism we all feel about the future has been wrong for fifty years ” — Matt Ridley for Abundance Institute on The Rational Optimist harpercollins.co.uk/products/the-r…

Getting rid of monopoly utilities and going to something like Texas's deregulated market all around the country is an underrated climate solution.

The inability to approve transmission lines - particularly interstate - is one of the largest energy policy failures of the US.

As data centres get more energy-hungry, the hyperscalers get more creative economist.com/business/2025/…

The Bitter Lesson is that using AI to help run organizations may recapitulate what happened with AIs playing chess and go. Human-taught AIs were trounced at chess and go by AIs that taught themselves—without the hindrance of human instruction.

This is infuriating and the main reason the Abundance framing is important. How can Florida build more trains and Texas much more green energy than California despite green being the main policy goal in CA? Because process and legalism makes it hard to build *anything*.

In the 90s, watt-for-watt, America's commercial nuclear reactors were about as expensive to build as China's were. Today, they're more than 5x more expensive.

Deep in the Nevada desert, a huge lithium mine could fuel electric cars and help slow global warming. But conservationists say it would drive an endangered wildflower to extinction. I visited Rhyolite Ridge and wrestled with a high-stakes climate dilemma: latimes.com/environment/ne…

Energy in Britain has gotten scarce—and thus expensive. Prices are high in absolute terms, and further above the European average than any point in at least 40 years (barring the 22/23 shock). What's behind this, and is it crimping growth? I took a look for The Economist. (🧵)

Data center demand usually looks a lot more like this than constant 24/7 base load. It’s high load factor relative to residential, but it’s far from constant.

Jobs report accuracy has suffered in recent years because the response rate to the BLS's establishment survey has fallen off a cliff since Covid. Has nothing to do with ideology or politics.

Just an incredibly impressive feat by Octopus.

Mad about jobs report inaccuracy? One reason it has gotten harder in recent years is declining survey response rates. There was an unpaid advisory group of statistical experts that was working on solving that problem at its last meeting... before Howard Lutnick disbanded it.🧵

Chicago Police and Fire pension systems are the worst funded programs in the nation. Yesterday, Gov Pritzker signed a bill further increasing benefits, adding an additional $11 billion of unfunded liabilities. Instead of trying to address the problem, Illinois has just given up.

Chicago debt is just one notch above investment grade. The pension sweetener bill signed by Gov. JB Pritzker yesterday will almost certainly trigger a downgrade to junk status. And John Arnold is saying something about it that is strictly prohibited among Illinois’

ERCOT ‘25 July Solar compared to ‘24 and 5yrs ago 1. Production profile 2. Impact on net load profile & 3. Impact on RT hourly wholesale prices relative to monthly average price Wholesale power markets, they just want to learn