energy policy

Dr. Lee Johnston - Research on Electric and Thermal Energy Strategies for Minnesota Swine Farms


Research on Electric and Thermal Energy Strategies for Minnesota Swine Farms - Dr. Lee Johnston, University of Minnesota, from the 2017 Minnesota Pork Congress, January 17 - 18, 2017, Minneapolis, MN, USA.

Michael Reese - Electric and Thermal Energy Strategies for Minnesota Swine Farms


Electric and Thermal Energy Strategies for Minnesota Swine Farms - Michael Reese, University of Minnesota, from the 2017 Minnesota Pork Congress, January 17 - 18, 2017, Minneapolis, MN, USA.

Jason Russell, Joel Huber - Wind Turbine & Solar Projects


Wind Turbine & Solar Projects - Jason Russell, Iowa Pork Producer; Joel Huber, Iowa Pork Producer, from the 2016 Iowa Pork Congress, January 27-28, Des Moines, IA, USA.

Bill Haman - Opportunities for Pork Producers: The Rise of Solar Energy


Opportunities for Pork Producers: The Rise of Solar Energy - Bill Haman, Iowa Energy Center, from the 2016 Iowa Pork Congress, January 27-28, Des Moines, IA, USA.

More Meddling in Markets or "The Problem of Too Many Balls in the Air" Revisited

     We have in the US energy policy regarding ethanol an illustration of the classic problem in economics which I like to call "too many balls in the air".  When it comes to economic thinking and analysis, individuals or groups with "skin in the game" tend to focus tightly on the single variable they want to improve (like the corn price in the case of ethanol) and fail to understand that markets are complex interactions of sometimes hundreds of linked transactions and markets all of which can and usually are affected by extra-market interventions to move the target variable.  There are economic models that can and do attempt to account for all of these impacts simulataneously and track the movement to a new equilibrium in all affected markets but they can be large and clumsy and not very good at tracking the short term movements to new long term equilibria.

Syndicate content