Piped natural gas (PNG) in India: Not priced to displace electricity

In continuation of my previous post on piped natural gas, I found that Mahanagar Gas charges Rs.33/m^3 for natural gas. The energy content is 8500 kcal/m^3 or 35.56 MJ/m^3. This corresponds to 10 kwhr i.e. 10 units. In the units of electricity pricing, then, this gas is priced at Rs.3.3 per unit (i.e. $0.066 per . . . → Read More: Piped natural gas (PNG) in India: Not priced to displace electricity

Why Not Default

Seriously, what’s so difficult about allowing student loans to be discharged in bankruptcy?

Today, President Obama is effectively giving college students and their parents his middle finger. Whereas Jobs’ prank was harmless and symbolic, the President’s plan to bail out student loans will derail the  entrepreneurial dreams and financial security of countless young people. . . . → Read More: Why Not Default

Job Openings Now at Highest Level in Over Three Years

The Labor Department announced on Tuesday that the number of positions waiting to be filled in the U.S. rose in September to the highest level in more than three years. Job openings increased by 225,000 to 3.35 million, the most since August 2008.

Hiring also advanced by 185,000 to 4.25 million.

Last Thursday the . . . → Read More: Job Openings Now at Highest Level in Over Three Years

Economic Events on November 9, 2011

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 9:30 AM Eastern time, Federal Reserve Chairman Ben Bernanke will make remarks at the Conference on Small Business and Entrepreneurship during an Economic . . . → Read More: Economic Events on November 9, 2011