Energy: Ending the Never-ending CrisisGovernment regulates the energy industry far more intensely than it does other sectors of the economy. Economist Paul Ballonoff, a former utility rate regulator in Kansas and Illinois, argues that the case for special regulation of energy is based on myths that serve only to fatten special-interest groups at the expense of energy consumers. In Energy: Ending the Never-Ending Crisis, Ballonoff dismantles the arguments for energy regulation, accuses energy regulation of causing - not remedying - the various diseases it attempts to cure, and makes the case for fully returning control of the energy sector of the economy to market forces. |
Contents
| 1 | |
Do Petroleum Natural Gas and Energy Markets Need to Be Regulated? | 7 |
Do Electric and Natural Gas Utilities Need to Be Regulated? | 33 |
The Pretense of Knowledge The Effects of Energy Market Regulation | 59 |
The Constitution in Exile? | 73 |
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American analysis antitrust laws authority average Ballonoff barrels of oil cable cable television California Cato Institute cited commerce clause competitive market Congress Constitution consumers create customers decision Department of Energy deregulation discussion distribution drilling economic economic rents efficiency electric utilities energy industry Energy Information Administration energy markets energy prices energy regulation Energy Regulatory Commission entry example exercise existence factors of production Federal Energy Regulatory federal government federal power FERC firms fuel fusion power grant grid Illinois increase integrated resource planning interest interstate commerce issues limited lower marginal cost Market Street Railway measures ment monopolist Munn natural gas companies Natural Gas Liquids natural monopoly Oil and Gas operating patent power percent percentage pipeline political public utility reserves result retail similar specific Statute of Monopolies success rate supply Supreme Court taxes territories tion total marginal cost traditional transmission U.S. Department unregulated utility commissions utility regulation