A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.
I saw it with my own eyes: Israelis and Palestinians, arm in arm, walking off together and clearly pricing how you could get your truck to the top of the line or get it through at all. It was an absolutely transparently corrupt system at the border - you had to buy your truck's way across. I thought it was a disgrace.
When the government gets involved in pricing, I don't think it's the right way to look at a business.
An increased push for energy efficiency, renewable energy technology, electric mobility - along with the growing digitalization movement and a universal carbon pricing structure - would speed up the carbon-free future and the rise of a global middle class we desperately need. We can and must all do our part.
The whole action around a carbon pricing mechanism, or carbon tax, is what you do with the money. Both France and Washington state proposed solving climate on the backs of workers. And that's a bad strategy.
Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.
In flush times, a rising tide of consumption can compensate for less than optimal branding, positioning, pricing or segmentation.