Archive for the 'Uncategorized' Category

While financial markets are not always right, it is useful to see what they have to say. Chart A plots the stock price performance of the three companies that are most closely tied to the oil spill–BP, Transocean and Halliburton. As you can see, the stock prices of the three companies have been hammered, realizing […]

The recent BP incident in the Gulf of Mexico raises an important policy issue: Should we put a moratorium on new drilling? Should we be drilling now or drilling later? Some might respond with “drill never,” but never is a long time and it is a pretty safe bet that the oil will eventually be […]

Suppose you are choosing between two light bulbs. The first is the energy efficient forever light bulb, which lasts forever, costs $52, and uses $2 of electricity per year. The second is a traditional light bulb, which costs $2 dollars, lasts 1 year, and uses $4 in electricity per year. Which light bulb would you […]

A Conversation with Professor Carlos Molina In a recent Energy Brief, Carlos Molina, Associate Professor at IESA Business School in Venezuela, comments on the current situation in Venezuela noting that though Venezuela has the potential to eventually become the largest oil producer in the world, there are also considerable challenges. I would like to follow […]

Alternative energy is heavily subsidized in the United States and even more so in EU countries like Germany. Billions of dollars are spent each year on subsidies, yet there has been relatively little discussion of the motivations for the subsidies and even less on how alternative energy should be subsidized. I would like to start […]

  • About Sheridan

    Sheridan Titman, Professor of Finance at the McCombs School of BusinessSheridan Titman is a professor of finance at The University of Texas at Austin and a research associate of the National Bureau of Economic Research. He was recently elected Vice President of the American Finance Association and is incoming President in 2012. He is also the Executive Director of the Energy Management and Innovation Center (EMIC) at The University of Texas at Austin.

    Learn more about Sheridan's research.

    Read about Sheridan on Wikipedia.

  • About this blog

    This blog’s primary focus will be on energy and this will be, more or less, a learning blog. The blog will offer some of my own views, as well as the views of some of the participants at EMIC. I will also raise questions in the hopes of receiving answers, insights and opinions from our participants. Since my own expertise is in finance, much of the initial focus will be on issues that relate to hedging, financing, derivative markets, and the financial evaluation of alternative energy sources. As my knowledge of these issues expand, I would also like to explore issues that relate more broadly to innovation and the role of public financing in this sector.