US EIA est. that China has 36 TCM (trillion cubic meters) of shale gas reserves. The only country with more than US' 24.4 TCM.
Half of S&P 500 1Q earnings in. Showing profits 26% higher over last year on stronger revs rather than cost cuts. On track for record. So why can't they hire?
Total will provide SPWRA with up to $1B/y in credit next 5 yrs.
Russia working on stricter rules for nuke reactors. Suggestions that the 29 countries that op nukes accept common and binding safety standards to be enforced by governments rather than companies. Ah. Common sense. 4-hour emergency batt capacity at most US nuke plants. O. Now we find out.
Mex oil exports could end w/in decade. Pemex production down 25% from '04 peak. Internal demand up.
Indean Ocean warm current that runs along E Africa may intensify as Gulf Stream weakens. Would warm Europe.
Tornadoes destroyed or damaged 25% of AL poultry houses. If you see chicken feathers flying around in the sky...remember ...
Storms getting stronger...earthquakes getting stronger...volcanoes....
Landfill-bound lobster shells finding homes in recycled products. And squids going to space on Endeavor to test antigrvity effects on the embryos.
Exxon Q1 profit $10.7B. Yesterday I reported $11B.
Amyris (AMRS) has moved to commercial production. Converting sugarcane into hydrocarbons with fermentation. Biofene. Squalene. 6x growth planned in '12. Heading for jet fuel, rubber, perfumes. Partners with Shell and Total.
Cheerio. Pip pip. Tally ho. Tip top show from London. Love conquers all.
Friday, April 29, 2011
CLOSE
(stock #'s in %)
VNDB up 66. AFPW up 48. VVIT up 33. PPRW up 29. SSHO up 20. AEBF, ECOS up 19. UBRG up 18. WNEA up 17. WESTD, MDTL, XDSL up 12. USOG, WNDT up 11.
AMLM down 30. TSPG down 20. SNRY down 19. FDEI down 18. BLQN, RVBF down 15.
VNDB up 66. AFPW up 48. VVIT up 33. PPRW up 29. SSHO up 20. AEBF, ECOS up 19. UBRG up 18. WNEA up 17. WESTD, MDTL, XDSL up 12. USOG, WNDT up 11.
AMLM down 30. TSPG down 20. SNRY down 19. FDEI down 18. BLQN, RVBF down 15.
OPEN
(stock #'s in %)
Market mixed, Dow up 33. Volume light. Oil steady. NG climbing.
AMLM down 23. Hit 79 cents earlier. Still no news. AMEL down 27. RVBF, MMMW down 15. EVCA, LMCO down 8.
SPWRA up 34. Total (the European oil) to buy up to 60% for $1.38B ($23.25/sh). VVIT up 33. PPRW up 29 on 100 shs. BHWX up 26 more. Over 50-day lines. AFPW up 21. UBRG up 19. WNEA up 17. AEBF up 14.
Market mixed, Dow up 33. Volume light. Oil steady. NG climbing.
AMLM down 23. Hit 79 cents earlier. Still no news. AMEL down 27. RVBF, MMMW down 15. EVCA, LMCO down 8.
SPWRA up 34. Total (the European oil) to buy up to 60% for $1.38B ($23.25/sh). VVIT up 33. PPRW up 29 on 100 shs. BHWX up 26 more. Over 50-day lines. AFPW up 21. UBRG up 19. WNEA up 17. AEBF up 14.
Thursday, April 28, 2011
CLOSE
(stock #'s in %)
Market up 72/2/4. Got to love those Dow comps, A? Volume got a little bizzy. Oil was steady. And Will and Kate bobbleheads.
AMLM up 89. AMEL up 69. BHWX up 35. Must be something to do with lithium. No news. ICPR up 42. Yea right. EVCA up 33. AEBF, WPNV up 20. QTMM up 19. RVBF up 18. GSPI up 16. WTWO up 13.
MGLT down 28. Oops, weren't they the cat's meow yesterday? ESLR actually hung in at down 26. NACF down 15. CGYV down 14. SNRY, KNDI, AEGY and UBRG down 10. PLUG down 8.
Market up 72/2/4. Got to love those Dow comps, A? Volume got a little bizzy. Oil was steady. And Will and Kate bobbleheads.
AMLM up 89. AMEL up 69. BHWX up 35. Must be something to do with lithium. No news. ICPR up 42. Yea right. EVCA up 33. AEBF, WPNV up 20. QTMM up 19. RVBF up 18. GSPI up 16. WTWO up 13.
MGLT down 28. Oops, weren't they the cat's meow yesterday? ESLR actually hung in at down 26. NACF down 15. CGYV down 14. SNRY, KNDI, AEGY and UBRG down 10. PLUG down 8.
STUFF
TEPCO shares down 80% since.
US GDP down on gas prices, weather, defense spending cuts.
Italy to extend solar incentives to Sept.
Wells Fargo to fund $120M over next year for Sun Edison (sub of WFR) solar PV projects. Builds on $200M funded since '07.
Austin E providing 25-yr PPA for 30MW PV solar farm that Renewable Energy Systems Americas will build. Trina Solar panels.
CA Indy System Operator (ISO) now has real time data of solar elgen. Wholesale power grid. Shows current MW from solar. They serve 80% of CA.
Tucson Water Dept. dedicated 1MW SPWRA solar system.
Nanosolar signed contracts to supply up to 1GW thin film solar panels to Euro power plant builders over next 3-6 years. That's about as amorphous as their previous contracts.
ITRI beat lowered expectations, record backlog reported after close yesterday. Revs up 13%. Down 1% today.
Fed gov responsible for 66M metric tons CO2 emissions in '10. ~2.5M mettons less than '08, tho. DOD by far the worst w/ >34 mettons in '10.
Excelon acquired Constellation. $7.9B to make a $52B/34GW utility in DC, 38 states and parts of Canada.
Exxon made $11B Q1.
Utilities (w/nukes) brace for EPA studies on hex chromium in drinking water.
S. Africa to cut coal use, they say, and explore a carbon tax. Yea right. DOE sees China GHG growth stopping in 20 years if everything goes right. When the hell has that ever happened? China's new 5-yr plan favors clean E. Okeydokey. MD gov under pressure to veto trash-to-E bill. Yea, that's evil.
Mitsubishi Chem signed MOU with Genomatica to explore building bio-BDO plant in Asia. Better Place signed deal with China Southern Power Grid (8th largest utility in world). A "cell" of charging or batt swap stations for a metro area runs ~ $150M.
GE has retrofitted a refrigerator factory to curb cyclopentane, a GHG.
Chavez putting a 95% tax on any oil revs over $100/bl. What side is that on?
Germany to double land for energy crops by '20 to 3M hectares (~6M acres?).
What a do.
US GDP down on gas prices, weather, defense spending cuts.
Italy to extend solar incentives to Sept.
Wells Fargo to fund $120M over next year for Sun Edison (sub of WFR) solar PV projects. Builds on $200M funded since '07.
Austin E providing 25-yr PPA for 30MW PV solar farm that Renewable Energy Systems Americas will build. Trina Solar panels.
CA Indy System Operator (ISO) now has real time data of solar elgen. Wholesale power grid. Shows current MW from solar. They serve 80% of CA.
Tucson Water Dept. dedicated 1MW SPWRA solar system.
Nanosolar signed contracts to supply up to 1GW thin film solar panels to Euro power plant builders over next 3-6 years. That's about as amorphous as their previous contracts.
ITRI beat lowered expectations, record backlog reported after close yesterday. Revs up 13%. Down 1% today.
Fed gov responsible for 66M metric tons CO2 emissions in '10. ~2.5M mettons less than '08, tho. DOD by far the worst w/ >34 mettons in '10.
Excelon acquired Constellation. $7.9B to make a $52B/34GW utility in DC, 38 states and parts of Canada.
Exxon made $11B Q1.
Utilities (w/nukes) brace for EPA studies on hex chromium in drinking water.
S. Africa to cut coal use, they say, and explore a carbon tax. Yea right. DOE sees China GHG growth stopping in 20 years if everything goes right. When the hell has that ever happened? China's new 5-yr plan favors clean E. Okeydokey. MD gov under pressure to veto trash-to-E bill. Yea, that's evil.
Mitsubishi Chem signed MOU with Genomatica to explore building bio-BDO plant in Asia. Better Place signed deal with China Southern Power Grid (8th largest utility in world). A "cell" of charging or batt swap stations for a metro area runs ~ $150M.
GE has retrofitted a refrigerator factory to curb cyclopentane, a GHG.
Chavez putting a 95% tax on any oil revs over $100/bl. What side is that on?
Germany to double land for energy crops by '20 to 3M hectares (~6M acres?).
What a do.
OPEN
(stock #'s in %)
Market mixed, though Dow up 21. Volume a little light. Oil just under $113. US GDP up 1.8% in Q1. Previous quarter was up 3.1%. Est. 3% growth rest of year.
ESLR down 25 after news of revs plunge and near out of money. MMMW down 16. BHWX down 14. PSUD down 12. SATC down 9 after reporting Q1 yesterday after close. Numbers were actually good. UBRG down 6.
VVIT up 50. WPNV up 27. RVBF up 25. AMLM up 20.
Market mixed, though Dow up 21. Volume a little light. Oil just under $113. US GDP up 1.8% in Q1. Previous quarter was up 3.1%. Est. 3% growth rest of year.
ESLR down 25 after news of revs plunge and near out of money. MMMW down 16. BHWX down 14. PSUD down 12. SATC down 9 after reporting Q1 yesterday after close. Numbers were actually good. UBRG down 6.
VVIT up 50. WPNV up 27. RVBF up 25. AMLM up 20.
Wednesday, April 27, 2011
CLOSE
(stock #'s in %)
Market up 95/22/8. Volume a little heavy. Oil up over $112 I think. And Bernanke speaks.
WPNV down 26. AFPW down 18. VNDB down 15. WNDT down 11. NACF down 10. UBRG down 9 after peaking near 7 cents. SATC down 4.
WNEA up 29. RVBF up 23. IAUS up 14. BLQN up 13. PSPW up 13. SOLR up 10.
That's the come and the go. Somedays it sucks. Like the electric going out. Or flooded houses. Or tornados. Or earthquakes and tsunamis. Asbestos in Japan's cleanup. Looking for the missing. Oy. That was pretty biblical. Cincinnati rain nearing Jan '37 historical monthly record. The flood. But fortunately only 3 or 4 feet over flood stage this year. Must be dam management.
Happy trails, pards.
Market up 95/22/8. Volume a little heavy. Oil up over $112 I think. And Bernanke speaks.
WPNV down 26. AFPW down 18. VNDB down 15. WNDT down 11. NACF down 10. UBRG down 9 after peaking near 7 cents. SATC down 4.
WNEA up 29. RVBF up 23. IAUS up 14. BLQN up 13. PSPW up 13. SOLR up 10.
That's the come and the go. Somedays it sucks. Like the electric going out. Or flooded houses. Or tornados. Or earthquakes and tsunamis. Asbestos in Japan's cleanup. Looking for the missing. Oy. That was pretty biblical. Cincinnati rain nearing Jan '37 historical monthly record. The flood. But fortunately only 3 or 4 feet over flood stage this year. Must be dam management.
Happy trails, pards.
STUFF
Dollar down 6.5% so far this year.
EV charging infra/svs market to grow from $776M this year to $4.5B by '16. ECTY's 220V stations likely to be in Best Buy stores soon (in their parking lots).
Canada NG production peaked in '01 @ >17BCF/d. '10 production 14.4, rigs about the same. With oil sands, CAN may need US NG.
A Russian utility planning to invest $700M in Tanzania hydro project. Initial capacity 222MW, ultimate 460MW.
That NG line to Israel blown up again in Egypt.
Intel to help Mia Sole (thin film solar producer) scale up to ship 80MW this year. 22MW shipped in '10. 10.5% efficiency "now higher". Aiming for 14%. Expects 150MW capacity by year end.
Total world investment in clean E in '10 was $243B.
437 operating nuke reactors in world. 7 less than '02. '08 none added, a first since nuke era began. 7 added in '09 and '10 but 11 shut down.
Frackers getting to gen of el from waste heat from compressors used to extract the NG. KRGA Energy signed LOI for Marcellus project. Can also extract MWs from cement factories and refineries. US consumes 100 quadrillion BTUs a year. 55-60 is waste heat: UC Berkeley. And it's 24-7 power. Plus fans, AC can be turned off or down. Organic Rankine Cycle (ORC) tech. Heat to liquid to vapor to turbine, heat as low as 500 degrees F. 150 large-scale ORC plants operating in Europe, 75 launched in US. Cap cost, tho, is ~$3.50/W. Phononic Devices, Alphabet E developing semiconductors to convert heat directly to el, no turbines. Could get cost to $1/W with silicon nanowire. No subsidies yet for development. China Recycling Energy Corp working on it also.
TEPCO has lined up Toshiba, Areva, Hitachi-GE and Kurion to treat an est. 87k tons of contaminated seawater at Fuku. Kurion incubated recently at Lux Capital. Modular vitrification fixes nuke waste into glass rods (don't leak). But, for the seawater, Kurion has ion-specific media for pre-treatment. And a little history: Davison Chem reprocessed nuke waste from weapons in late 60's. Shut down in '76. GE proposed reprocessing commercial waste in the 60's but gave up in '72. Exxon looked at it in '76 until Prez Ford said it's a no go with the proliferation risks. Then Carter, a nuke engineer, followed up with a ban.
Prez of Shell US expects biofuels to be the "most practical" solution for GHG redux in transport for next 20 years. Called on governments for more subsidies to speed up production. "Certainties compel action". "We must go beyond corn" and "should eliminate import tariffs". Um, Prez of US Shell, please explain to us how biofuels reduce GHG's.
EV charging infra/svs market to grow from $776M this year to $4.5B by '16. ECTY's 220V stations likely to be in Best Buy stores soon (in their parking lots).
Canada NG production peaked in '01 @ >17BCF/d. '10 production 14.4, rigs about the same. With oil sands, CAN may need US NG.
A Russian utility planning to invest $700M in Tanzania hydro project. Initial capacity 222MW, ultimate 460MW.
That NG line to Israel blown up again in Egypt.
Intel to help Mia Sole (thin film solar producer) scale up to ship 80MW this year. 22MW shipped in '10. 10.5% efficiency "now higher". Aiming for 14%. Expects 150MW capacity by year end.
Total world investment in clean E in '10 was $243B.
437 operating nuke reactors in world. 7 less than '02. '08 none added, a first since nuke era began. 7 added in '09 and '10 but 11 shut down.
Frackers getting to gen of el from waste heat from compressors used to extract the NG. KRGA Energy signed LOI for Marcellus project. Can also extract MWs from cement factories and refineries. US consumes 100 quadrillion BTUs a year. 55-60 is waste heat: UC Berkeley. And it's 24-7 power. Plus fans, AC can be turned off or down. Organic Rankine Cycle (ORC) tech. Heat to liquid to vapor to turbine, heat as low as 500 degrees F. 150 large-scale ORC plants operating in Europe, 75 launched in US. Cap cost, tho, is ~$3.50/W. Phononic Devices, Alphabet E developing semiconductors to convert heat directly to el, no turbines. Could get cost to $1/W with silicon nanowire. No subsidies yet for development. China Recycling Energy Corp working on it also.
TEPCO has lined up Toshiba, Areva, Hitachi-GE and Kurion to treat an est. 87k tons of contaminated seawater at Fuku. Kurion incubated recently at Lux Capital. Modular vitrification fixes nuke waste into glass rods (don't leak). But, for the seawater, Kurion has ion-specific media for pre-treatment. And a little history: Davison Chem reprocessed nuke waste from weapons in late 60's. Shut down in '76. GE proposed reprocessing commercial waste in the 60's but gave up in '72. Exxon looked at it in '76 until Prez Ford said it's a no go with the proliferation risks. Then Carter, a nuke engineer, followed up with a ban.
Prez of Shell US expects biofuels to be the "most practical" solution for GHG redux in transport for next 20 years. Called on governments for more subsidies to speed up production. "Certainties compel action". "We must go beyond corn" and "should eliminate import tariffs". Um, Prez of US Shell, please explain to us how biofuels reduce GHG's.
OPEN
(stock #'s in %)
Market mixed, flat. Volume a little light. Oil down under $111. US durable goods up 2.5% in March, 3rd increase in a row. UK GDP up .5% 1Q, inflation 4%.
WPNV down 27. PPRW down 21. AFPW down 18. VVIT down 16. VNDB down 15.
MGLT up 93. News they are to be key partner in PV manufacturing consortium in $57M DOE "Sunshot" grant. $400M total committed. 80 companies in. To develop new thin film solar tech. WNEA up 29. UBRG up 9 more. Day 3 of rally, up over 50%. SOLR up 5 on news of $200M order. Back up to 50-day lines.
Market mixed, flat. Volume a little light. Oil down under $111. US durable goods up 2.5% in March, 3rd increase in a row. UK GDP up .5% 1Q, inflation 4%.
WPNV down 27. PPRW down 21. AFPW down 18. VVIT down 16. VNDB down 15.
MGLT up 93. News they are to be key partner in PV manufacturing consortium in $57M DOE "Sunshot" grant. $400M total committed. 80 companies in. To develop new thin film solar tech. WNEA up 29. UBRG up 9 more. Day 3 of rally, up over 50%. SOLR up 5 on news of $200M order. Back up to 50-day lines.
Tuesday, April 26, 2011
CLOSE
(stock #'s in %)
Market up 115/21/11. Volume picked up to normal. Oil steady. Will and Kate toilet seats. Pick one up. But don't leave it up.
VVIT down 40. Doesn't mean much on their chart. AEBF down 27. That hurt. Maybe good buy opportunity. WNEA down 22. CPWY down 20. VNDB down 17. RVBF down 13. BLQN down 12. Watch them. ACPW, CCGI, ECOS down 11.
PPRW up 34 on 1,350 shares. God love 'm. GSPI up 27 on maybe turning down reverse split. Geeze leweeze. UBRG up 17. What can I say. Sold at .061 for 50% gain in 2 months. Bought back at .053. It's like deep sea fishing. WPNV up 13. UTOG up 10. ESLR, PLUG up 9. RBCN up 6. Up out of Feb. POWR up 5. Run up to 200-day lines. PWER up 4. Coming out of double-dip?
Let's all go clean energy, A?
Market up 115/21/11. Volume picked up to normal. Oil steady. Will and Kate toilet seats. Pick one up. But don't leave it up.
VVIT down 40. Doesn't mean much on their chart. AEBF down 27. That hurt. Maybe good buy opportunity. WNEA down 22. CPWY down 20. VNDB down 17. RVBF down 13. BLQN down 12. Watch them. ACPW, CCGI, ECOS down 11.
PPRW up 34 on 1,350 shares. God love 'm. GSPI up 27 on maybe turning down reverse split. Geeze leweeze. UBRG up 17. What can I say. Sold at .061 for 50% gain in 2 months. Bought back at .053. It's like deep sea fishing. WPNV up 13. UTOG up 10. ESLR, PLUG up 9. RBCN up 6. Up out of Feb. POWR up 5. Run up to 200-day lines. PWER up 4. Coming out of double-dip?
Let's all go clean energy, A?
STUFF
Obama '12 budget cuts hydropower R&D 21%, $49M to $39M. Not too alarming, considering the deficit. How much more gain in hydro tech is there to find? Though it is at the top of the clean E pyramid - clean 24-7.
Hydro Quebec and Pub Svc of NH planning 140-mi powerline to bring 1.2GW of Canadian hydropower to NH. Another agreement has Hyd Queb providing up to 225MW of hydpwr to 2 VT utilites starting in '12. Can has 475 hyd plants w/ 70GW cap. Reportedly 163GW more in potential. Hyd now 60% of Can elgen.
US solar PV industry worth ~ $6B in '10.
IMF: "Age of America" ends in '16. China catches up in PPP. Annual world GDP growth >4% next 5 yrs. In PPP: purchasing power parity - goods/svcs from non-US countries corrected to US prices assuming equiv goods/svcs should be priced the same, rather than using exchange rates. You know what? Blah blah blah. Economic gobbledegook. Anyway, the '08 crash took world GDP growth from >5% to under zero. And, O by the way, there won't be enough oil for 4% growth in the next 5 yrs (another 17mb/d). Maybe I'm wrong. It's hard to make predictions. Especially about the future.
Sale of oil leases planned for GOM. Area has up to 420M bls oil, 2.6TCF NG.
Boehner open to ending some oil tax breaks...BLM proposes halting mining claims for clean E projects...Cheap platinum substitute could breakthrough fuel cell cost problem...UN plans effort to boost nuke reactor safety...Medvedev calls for unified nuke safety standards...MIT study: storing spent fuel better than reusing it. Huh?
TX drought worst in 45 yrs. NOAA says it could continue to mid summer. Fire.
Thorium molten salt reactors (LFTR) seems best nuclear tech. How 'bout that cold fusion thing?
N. Ireland's Phoenix Gas announced >40% rise in NG prices. Held price down during winter.
Woolsey left Vantage Point for Lux Capital.
DOE says up to $130M from ARPA-E will go for 5 new program areas for critical breakthroughs. $30M focused on biofuels. PETRO - plants engineered to replace oil - one of the 5. 4th round of ARPA-E funding.
Mitsubishi reached $1.10/liter target for rice straw, barley straw eth...UC Berkeley formed Synthetic Bio Institute...China has enough grain for food, fuel and feed: COFCO. Except I think feed goes before fuel.
Opinions.
Trails, pards.
Hydro Quebec and Pub Svc of NH planning 140-mi powerline to bring 1.2GW of Canadian hydropower to NH. Another agreement has Hyd Queb providing up to 225MW of hydpwr to 2 VT utilites starting in '12. Can has 475 hyd plants w/ 70GW cap. Reportedly 163GW more in potential. Hyd now 60% of Can elgen.
US solar PV industry worth ~ $6B in '10.
IMF: "Age of America" ends in '16. China catches up in PPP. Annual world GDP growth >4% next 5 yrs. In PPP: purchasing power parity - goods/svcs from non-US countries corrected to US prices assuming equiv goods/svcs should be priced the same, rather than using exchange rates. You know what? Blah blah blah. Economic gobbledegook. Anyway, the '08 crash took world GDP growth from >5% to under zero. And, O by the way, there won't be enough oil for 4% growth in the next 5 yrs (another 17mb/d). Maybe I'm wrong. It's hard to make predictions. Especially about the future.
Sale of oil leases planned for GOM. Area has up to 420M bls oil, 2.6TCF NG.
Boehner open to ending some oil tax breaks...BLM proposes halting mining claims for clean E projects...Cheap platinum substitute could breakthrough fuel cell cost problem...UN plans effort to boost nuke reactor safety...Medvedev calls for unified nuke safety standards...MIT study: storing spent fuel better than reusing it. Huh?
TX drought worst in 45 yrs. NOAA says it could continue to mid summer. Fire.
Thorium molten salt reactors (LFTR) seems best nuclear tech. How 'bout that cold fusion thing?
N. Ireland's Phoenix Gas announced >40% rise in NG prices. Held price down during winter.
Woolsey left Vantage Point for Lux Capital.
DOE says up to $130M from ARPA-E will go for 5 new program areas for critical breakthroughs. $30M focused on biofuels. PETRO - plants engineered to replace oil - one of the 5. 4th round of ARPA-E funding.
Mitsubishi reached $1.10/liter target for rice straw, barley straw eth...UC Berkeley formed Synthetic Bio Institute...China has enough grain for food, fuel and feed: COFCO. Except I think feed goes before fuel.
Opinions.
Trails, pards.
OPEN
(stock #'s in %)
Market up 82/19/10. Avgs making new 3-yr highs. Volume a little light. Oil over $112. Earnings driving gains. Syria, Yemen murdering their own people.
VNDB down 35. PSPW, BFRE, ACPW down 10. ACPW on their Q report, missing some targets, back on their 50-day lines. PSPW falling back to their lines. BFRE a fall below all lines. QTWW down 5, another new low.
UTOG up 21 on news they bought into potential $12B of oil reserves. AWNE up 16. NACF up 13. ESLR up 10 more. 9-day run now. PLUG up another 8. 4-day bounce, now over 200-days. UBRG up 7 more on strong volume.
Market up 82/19/10. Avgs making new 3-yr highs. Volume a little light. Oil over $112. Earnings driving gains. Syria, Yemen murdering their own people.
VNDB down 35. PSPW, BFRE, ACPW down 10. ACPW on their Q report, missing some targets, back on their 50-day lines. PSPW falling back to their lines. BFRE a fall below all lines. QTWW down 5, another new low.
UTOG up 21 on news they bought into potential $12B of oil reserves. AWNE up 16. NACF up 13. ESLR up 10 more. 9-day run now. PLUG up another 8. 4-day bounce, now over 200-days. UBRG up 7 more on strong volume.
Monday, April 25, 2011
STUFF
BRIC's (Brazil, Russia, India, China) had their 3rd annual meet. Invited S. Africa. Those 5, now, 18% of world GDP, expected to be 47% by '30. Working on currency and such.
Dallas completed a 4.3MW biogas wastewater plant to offset 60% of el/heat usage ($1.5M/y) used by the water/sewage plant. Ameresco (AMRC) built. San Antonio 1st biogas plant in US last year.
China on track to install up to 18GW wind this year. Will give them 43GW capacity. 25GW install last year. Wind costs them ~76 cents/W. Check that.
Tesla (TSLA) had a meet with Goldman. Orders up. Fremont plant can produce 20k vehicles/y, double expected 10k. Enough money in coffers to roll out S model, $100-200M needed for X model in '12.
NYC giving out 1k rain barrels to reduce strain on sewer system.
KY utilities plan to shut down coal units by '16. Read that again. KY utilities.
Growth of wind/solar power in US challenging utilities that have to ramp up and down coal and nuke plants to compensate. Obviously, need for flywheel and batt storage ramp up. Or NG plants.
A study suggested that the Australian floods may have been caused by thinning ozone layer.
Greenpeace ranking tech giants on data center coal dependency.
Bright Source filing for $250M IPO. "Power tower" solar tech. >$500M VC funding. DOE loan guarantees. PPA's for 2.6GW. Net loss $72M on $13M revs in '10. Most of revs last 3 yrs from enhanced oil recovery.
Telepresence saved Cisco $800M over last 5 yrs.
PG&E CEO steps down. Acknowledged climate change from human activity. Supported carbon legislation. Spent $46M on failed state ballot initiative that would have complicated community efforts to set up muni power orgs. Also claims that their smart meters were inaccurate and health hazards. Then the gas line explosion.
Solar Frontier opened world's largest CIGS solar plant in JP last week. 1GW capac by summer. "2-3 yrs to catch (FSLR)". Shipped 100MW in '10. Efficiencies up to 12%.
China oil import demand higher than IEA forecasts. Starting to build coal reserves. And committing $15B to build EV's next 5 yrs. Should be quadruple that. Or more.
Germany's wind power needs >2k miles of new hivolt lines by '20. But would cost 75% less to upgrade their rail grid.
VECO downgrade by Barclays.
And that, as they say, is the come and the go, pards.
Dallas completed a 4.3MW biogas wastewater plant to offset 60% of el/heat usage ($1.5M/y) used by the water/sewage plant. Ameresco (AMRC) built. San Antonio 1st biogas plant in US last year.
China on track to install up to 18GW wind this year. Will give them 43GW capacity. 25GW install last year. Wind costs them ~76 cents/W. Check that.
Tesla (TSLA) had a meet with Goldman. Orders up. Fremont plant can produce 20k vehicles/y, double expected 10k. Enough money in coffers to roll out S model, $100-200M needed for X model in '12.
NYC giving out 1k rain barrels to reduce strain on sewer system.
KY utilities plan to shut down coal units by '16. Read that again. KY utilities.
Growth of wind/solar power in US challenging utilities that have to ramp up and down coal and nuke plants to compensate. Obviously, need for flywheel and batt storage ramp up. Or NG plants.
A study suggested that the Australian floods may have been caused by thinning ozone layer.
Greenpeace ranking tech giants on data center coal dependency.
Bright Source filing for $250M IPO. "Power tower" solar tech. >$500M VC funding. DOE loan guarantees. PPA's for 2.6GW. Net loss $72M on $13M revs in '10. Most of revs last 3 yrs from enhanced oil recovery.
Telepresence saved Cisco $800M over last 5 yrs.
PG&E CEO steps down. Acknowledged climate change from human activity. Supported carbon legislation. Spent $46M on failed state ballot initiative that would have complicated community efforts to set up muni power orgs. Also claims that their smart meters were inaccurate and health hazards. Then the gas line explosion.
Solar Frontier opened world's largest CIGS solar plant in JP last week. 1GW capac by summer. "2-3 yrs to catch (FSLR)". Shipped 100MW in '10. Efficiencies up to 12%.
China oil import demand higher than IEA forecasts. Starting to build coal reserves. And committing $15B to build EV's next 5 yrs. Should be quadruple that. Or more.
Germany's wind power needs >2k miles of new hivolt lines by '20. But would cost 75% less to upgrade their rail grid.
VECO downgrade by Barclays.
And that, as they say, is the come and the go, pards.
CLOSE
(stock #'s in %)
Market mixed. Volume very light. Congress still on vacation. Everyone's in the islands. Oil stayed above $112.
NACF down 31. RNNM down 29. EVSO down 20. QTMM down 16. Back under all their lines. AWNE down 14. WTWO down 10. QTWW down 7, another new 12-month low. ASTI down 5.
LEOM up 42. Why not. CCGI up 35. CRGE up 20. Back up to all their lines. WPNV up 15. GSPI up 14. NGBF up 13. BIOF up 12. Push off the bottom. UBRG up 11. Strong volume over all the lines. KNDI up 10. AEBF up 9 more, new high. PLUG and ESLR up 8. ESLR over 50-days. Rally going. PLUG back over one line but reverse split still to come. BWEN up 5. 6th day of rally, hit a 200-day line and fell back.
Market mixed. Volume very light. Congress still on vacation. Everyone's in the islands. Oil stayed above $112.
NACF down 31. RNNM down 29. EVSO down 20. QTMM down 16. Back under all their lines. AWNE down 14. WTWO down 10. QTWW down 7, another new 12-month low. ASTI down 5.
LEOM up 42. Why not. CCGI up 35. CRGE up 20. Back up to all their lines. WPNV up 15. GSPI up 14. NGBF up 13. BIOF up 12. Push off the bottom. UBRG up 11. Strong volume over all the lines. KNDI up 10. AEBF up 9 more, new high. PLUG and ESLR up 8. ESLR over 50-days. Rally going. PLUG back over one line but reverse split still to come. BWEN up 5. 6th day of rally, hit a 200-day line and fell back.
OPEN
(stock #'s in %)
Market down 40/1/4. Volume light. Oil down under $112.
AEBF down 40 (crazy spread) on light volume. EVSO down 27. RVBF down 26. RNNM down 24. TSPG down 17.
CCGI up 75. CRGE up 18 on news. WPNV up 15. NACF up 12. SSHO up 10. UBRG up 8. Over 200-day lines on good volume. PLUG up 7.
Market down 40/1/4. Volume light. Oil down under $112.
AEBF down 40 (crazy spread) on light volume. EVSO down 27. RVBF down 26. RNNM down 24. TSPG down 17.
CCGI up 75. CRGE up 18 on news. WPNV up 15. NACF up 12. SSHO up 10. UBRG up 8. Over 200-day lines on good volume. PLUG up 7.
Sunday, April 24, 2011
SUNDAY
Energy is 2 parts: 1, electricity (power)/heating; and 2, transportation. The government has invested lately, through the stimulus and other funding, into new power technologies and infrastructure enough for now to help get the industry booted. Continued spending in R&D is now the priority to get those new techs competitive with coal and NG. We have enough electricity and heating. And the cost is still low. And we can certainly get more efficient. The problem is still GHG emissions. Mostly with coal use. Both for public health/environmental damage and for longer term global warming/climate change. We can continue to work on the many parts of that puzzle while taking a rest and refocus on the government spending.
Our cost problem now is transportation. And it's also a national security problem. We can't be dependent on other countries for our energy. We should now put our money and efforts into anything but oil for transportation. EV's. Alternate fuels. And NG, which, obviously, crosses over to heating and some power gen, though the news of recent years is we've been able to access new gas from shale deposits, albeit with pollution issues that have to be resolved. This all assumes, of course, that we are not sitting on vast deposits of untapped oil in the US, which is a popular myth or reality. But, nevertheless, oil gives off too much GHGs for our own good.
We are getting beyond using food crops for fuel. As we should. We need to put more effort and money into these next biofuel generations and stop supporting food fuels. And there's algae. We need to speed up that development and deployment. And, yes, NG should be supported in fleet situations - trains, trucks, ships - where it's economic sense. And then why can't we drive more efficient vehicles? Most of us are just hauling ourselves around. We don't need 5 other seats or trunks all the time. Or steel. There is carbon composite tech. And, if turning wheels can produce electricity, why don't we just put generators on our wheels to power el motors? Or if we have a large inflow of wind into the front ends of our cars, why can't we put small wind turbines in there to keep batteries charged for the el motors? You know, I think enough of us are tired enough of the oil industry and auto industry partnership making all the calls. Look where they have us.
I'm sure we'll see smarter, more efficient energy technologies. But we have to get ourselves there.
Our cost problem now is transportation. And it's also a national security problem. We can't be dependent on other countries for our energy. We should now put our money and efforts into anything but oil for transportation. EV's. Alternate fuels. And NG, which, obviously, crosses over to heating and some power gen, though the news of recent years is we've been able to access new gas from shale deposits, albeit with pollution issues that have to be resolved. This all assumes, of course, that we are not sitting on vast deposits of untapped oil in the US, which is a popular myth or reality. But, nevertheless, oil gives off too much GHGs for our own good.
We are getting beyond using food crops for fuel. As we should. We need to put more effort and money into these next biofuel generations and stop supporting food fuels. And there's algae. We need to speed up that development and deployment. And, yes, NG should be supported in fleet situations - trains, trucks, ships - where it's economic sense. And then why can't we drive more efficient vehicles? Most of us are just hauling ourselves around. We don't need 5 other seats or trunks all the time. Or steel. There is carbon composite tech. And, if turning wheels can produce electricity, why don't we just put generators on our wheels to power el motors? Or if we have a large inflow of wind into the front ends of our cars, why can't we put small wind turbines in there to keep batteries charged for the el motors? You know, I think enough of us are tired enough of the oil industry and auto industry partnership making all the calls. Look where they have us.
I'm sure we'll see smarter, more efficient energy technologies. But we have to get ourselves there.
Saturday, April 23, 2011
SATURDAY
Clean E stocks with good to great potential at 12-month lows or near:
ALTI. Moved up almost 20% last week. Q1 report May 5. 10MW contract recently cancelled. But definitely at their second bottom of last 12 months.
AMSC. Maybe they regain Sinovel. Maybe not. This is a hard call on a turnaround. But watch. What if we had the money to really use their superconducting power lines.
AONE. Goldman gave a heads up. Up 10% last week. May 9 after close release of Q1. After close. Maybe not good. Maybe Goldman already got their money on their call. Though they do have a rep to maintain. But A123 has stagnant revs ($100M/y). With growth potential. A lot of volume on the stock this month. And they are at the bottom.
APWR. Chinese. All the Chinese comps on the Naz are cheap. Like their labor and regulatory costs. And our trust in their numbers, reports or intentions (vis a vis AMSC/Sinovel). APower's last reported numbers are from '08. This stock looks cheap and at bottom, but may keep going down.
ASTI. Jumped almost 10% end of day Friday on volume. Crashed 50% from early April on news. Definitely on their lows. But revs picking up. Their solar thin film product may be ready for the market.
BYDDF. Chinese EV maker. Lost over 50% on year. Buffett's investment. But still a pink sheet at $5B valuation?!
COMV. Reporting 1Q morning of May 5. Struggling with income, losing money. No volume yet at bottom. But down from $12 to $4 last 12 months. Ow. Promise of E efficiency.
CREE. LED leader. Or one. On their bottom. Motley saying wait. $80 to $40 in 12 months. I'd say 10% near term would be a pretty good bet.
CSIQ, CSUN Chinese solars seem way too cheap. DSTI. They can't seem to get started. EFOI. Should be bottom. ENOC. How much lower could they go? LEDS. Chinese LEDs. QTWW. Bottoming? PPRW, RSOL, WESTD solar installers maybe to pick up during summer season.
AEBF. New high. Above all their lines. New grant from CA. Advanced biofuels. That's the oil problem solved. Eye on them.
And I'm done for Saturday. Maybe I'le have something for Easter. Watch for the sunrise.
ALTI. Moved up almost 20% last week. Q1 report May 5. 10MW contract recently cancelled. But definitely at their second bottom of last 12 months.
AMSC. Maybe they regain Sinovel. Maybe not. This is a hard call on a turnaround. But watch. What if we had the money to really use their superconducting power lines.
AONE. Goldman gave a heads up. Up 10% last week. May 9 after close release of Q1. After close. Maybe not good. Maybe Goldman already got their money on their call. Though they do have a rep to maintain. But A123 has stagnant revs ($100M/y). With growth potential. A lot of volume on the stock this month. And they are at the bottom.
APWR. Chinese. All the Chinese comps on the Naz are cheap. Like their labor and regulatory costs. And our trust in their numbers, reports or intentions (vis a vis AMSC/Sinovel). APower's last reported numbers are from '08. This stock looks cheap and at bottom, but may keep going down.
ASTI. Jumped almost 10% end of day Friday on volume. Crashed 50% from early April on news. Definitely on their lows. But revs picking up. Their solar thin film product may be ready for the market.
BYDDF. Chinese EV maker. Lost over 50% on year. Buffett's investment. But still a pink sheet at $5B valuation?!
COMV. Reporting 1Q morning of May 5. Struggling with income, losing money. No volume yet at bottom. But down from $12 to $4 last 12 months. Ow. Promise of E efficiency.
CREE. LED leader. Or one. On their bottom. Motley saying wait. $80 to $40 in 12 months. I'd say 10% near term would be a pretty good bet.
CSIQ, CSUN Chinese solars seem way too cheap. DSTI. They can't seem to get started. EFOI. Should be bottom. ENOC. How much lower could they go? LEDS. Chinese LEDs. QTWW. Bottoming? PPRW, RSOL, WESTD solar installers maybe to pick up during summer season.
AEBF. New high. Above all their lines. New grant from CA. Advanced biofuels. That's the oil problem solved. Eye on them.
And I'm done for Saturday. Maybe I'le have something for Easter. Watch for the sunrise.
Friday, April 22, 2011
GOOD FRIDAY?
US drones to Libya war. Well, we don't really like despots. Especially ones with oil.
Oil over $112 today. And I keep hearing the story that there's boocoo oil under America that we just don't sup out of the ground. I guess the owners are waiting for $200 oil. Or higher.
Anyway, oil pollutes. Pollution creates warming and, with that, epochal disruptions. Well, there's the political disconnect from science. I'll move on.
By now, Jesus had already been hanging for an hour. If you can imagine going through that. And this year it's also Earth Day. It's truly incomprehensible. The story is truly ineffable. He was only about saving all our souls from spiritual death despite ourselves. Our Father was the first who said "either you're with Me or you're not". And looks like He's giving us 7 thousand years or so to make up our minds. You know, just in general, how in hell could any human being take part in crucifying this guy who had been performing amazing, even death-defying miracles for 3 years. It does boggle the mind. Boggles mine.
So, anyway, in the spirit of Earth Day, moving onward. And hopefully upward.
We got utilities stepping up. Columbia Gas of OH & AEP to pay home builders $900-$2k/home to add E-saving features. Wow. In effect since September. Well, it is something.
Within 72 hours, Tampa El ran out of their $1M in rebates for solar PV installs. Wow. All of $1M. O, but, at least something.
Appalachian Power launching E efficiency, rebate incentives for WV customers. Lighting, weatherization, E audits, retrofits for HVAC, el motors, etc. Didn't catch a dollar figure. "Appalachian Spring" by Copeland. Caught that yesterday on the rad-e-o.
CA's E Commission put up $4.6M to get $392M from DOE, stimulus (ARRA apparently still in biz) and other matching grant funds for smart grid, clean E, E efficiency, etc projects.
El cap in Iraq now doubled from pre-war to 7.9GW. Demand >15GW. Oops. US spent $4.6B since '03 on it. Where did the other $1.5T go? Most users pay little to nothing for el. OK, how does that work? But their oil prod has rizd 26% before war to 2.7mb/d. Woo.
Google E purchasing 100MW wind from Next Era E's OK farm, online 4Q11. Next Era's wind fleet >8GW - largest in N.Am. Google also buys 114GW wind from Next Era's IA farm.
BP agreed to release $1B from the $20B GOM fund for restoration projects. O goody. I'm not sure I'm getting this story righteously enough.
Sinopec paid $1.5B for 15% of Australia Pacific LNG project. Worth $85B over next 20 yrs. AU has $200B of LNG projects onboard, much going to China. AP initial cap 4.5M tons/yr (mtpa) LNG, with ramp to 18M. Online in '15. China plans 10% LNG of total E use by '20, LNG imports to rise 5x to 46mtpa.
Finally, premiums paid on homes with solar PV fleshing out to $5.50/w, comparable to install costs. Rez installs grew avg. 51% last 5 yrs. '10 total cap ~677MW. In '10, rez 30% of national market, utilities 28%, commercial/industrial 42%.
And that's the come and the go pardners. Happy trails.
Oil over $112 today. And I keep hearing the story that there's boocoo oil under America that we just don't sup out of the ground. I guess the owners are waiting for $200 oil. Or higher.
Anyway, oil pollutes. Pollution creates warming and, with that, epochal disruptions. Well, there's the political disconnect from science. I'll move on.
By now, Jesus had already been hanging for an hour. If you can imagine going through that. And this year it's also Earth Day. It's truly incomprehensible. The story is truly ineffable. He was only about saving all our souls from spiritual death despite ourselves. Our Father was the first who said "either you're with Me or you're not". And looks like He's giving us 7 thousand years or so to make up our minds. You know, just in general, how in hell could any human being take part in crucifying this guy who had been performing amazing, even death-defying miracles for 3 years. It does boggle the mind. Boggles mine.
So, anyway, in the spirit of Earth Day, moving onward. And hopefully upward.
We got utilities stepping up. Columbia Gas of OH & AEP to pay home builders $900-$2k/home to add E-saving features. Wow. In effect since September. Well, it is something.
Within 72 hours, Tampa El ran out of their $1M in rebates for solar PV installs. Wow. All of $1M. O, but, at least something.
Appalachian Power launching E efficiency, rebate incentives for WV customers. Lighting, weatherization, E audits, retrofits for HVAC, el motors, etc. Didn't catch a dollar figure. "Appalachian Spring" by Copeland. Caught that yesterday on the rad-e-o.
CA's E Commission put up $4.6M to get $392M from DOE, stimulus (ARRA apparently still in biz) and other matching grant funds for smart grid, clean E, E efficiency, etc projects.
El cap in Iraq now doubled from pre-war to 7.9GW. Demand >15GW. Oops. US spent $4.6B since '03 on it. Where did the other $1.5T go? Most users pay little to nothing for el. OK, how does that work? But their oil prod has rizd 26% before war to 2.7mb/d. Woo.
Google E purchasing 100MW wind from Next Era E's OK farm, online 4Q11. Next Era's wind fleet >8GW - largest in N.Am. Google also buys 114GW wind from Next Era's IA farm.
BP agreed to release $1B from the $20B GOM fund for restoration projects. O goody. I'm not sure I'm getting this story righteously enough.
Sinopec paid $1.5B for 15% of Australia Pacific LNG project. Worth $85B over next 20 yrs. AU has $200B of LNG projects onboard, much going to China. AP initial cap 4.5M tons/yr (mtpa) LNG, with ramp to 18M. Online in '15. China plans 10% LNG of total E use by '20, LNG imports to rise 5x to 46mtpa.
Finally, premiums paid on homes with solar PV fleshing out to $5.50/w, comparable to install costs. Rez installs grew avg. 51% last 5 yrs. '10 total cap ~677MW. In '10, rez 30% of national market, utilities 28%, commercial/industrial 42%.
And that's the come and the go pardners. Happy trails.
Thursday, April 21, 2011
CLOSE
(stock #'s in %)
Market up 52/17/7. Volume light, but long weekend. Oil over $112. Conference Board said leading indicators up .4% in March (1% in Feb).
NACF down 31. WPNV down 23. LEOM down 20. MDTL down 17. QTMM down 11.
AFPW up 68. Up to their 50-day lines. Decent volume. Actually doing fuel cell biz. WTWO up 38. Good volume. 3-day bounce off their lines. FEWP up 36. Jump off their bottom. AEBF up 25. 3-day jump off their lines. Can't make this stuff up. ECOS up 21. TSPG up 18. Above 50-days, up against 200-day lines. AWNE up 16. Over 50-days, up to a 200-day line. BHWX up 13. BWEN, ASTI, DSTI up 8. BWEN a 5-day climb. Over 50-days. ASTI and DSTI 1st day.
And that's about it. Happy egg hunting.
Market up 52/17/7. Volume light, but long weekend. Oil over $112. Conference Board said leading indicators up .4% in March (1% in Feb).
NACF down 31. WPNV down 23. LEOM down 20. MDTL down 17. QTMM down 11.
AFPW up 68. Up to their 50-day lines. Decent volume. Actually doing fuel cell biz. WTWO up 38. Good volume. 3-day bounce off their lines. FEWP up 36. Jump off their bottom. AEBF up 25. 3-day jump off their lines. Can't make this stuff up. ECOS up 21. TSPG up 18. Above 50-days, up against 200-day lines. AWNE up 16. Over 50-days, up to a 200-day line. BHWX up 13. BWEN, ASTI, DSTI up 8. BWEN a 5-day climb. Over 50-days. ASTI and DSTI 1st day.
And that's about it. Happy egg hunting.
STUFF
Brace thyself. A lot of nuze.
Shipping rates are back to where they were in the pit of the financial crisis. Baltic Dry Index down 40% this year. Too many ships. Last year biggest year of new ship deliveries in history. This year expanding 15%. I wonder if they have more efficient engines. Now, owners can pay $25k/day to keep the ship running or scrap it for $10M. Scrapping at highest rate in 28 years. China makes up 1/3 of dry bulk trade - iron ore, coal, grain. So... looks like the fleet is getting regenerated and shipping is way down.
Spanish wind generated more power in '10 than German despite less installed capacity (>20GW v. GM's >27GW). SP had high winds, has more advanced turbines and better integration into grid. In March, wind covered 21% of SP's el demand (nuke 19%, hydro >17%). SP's wind cap grew 8% in '10, slowest since '03.
Las Vegas finished >$9M effort to install solar PV carports at 7 city facilities. Funded by fed grants, $3.2M rebate from NV Energy. 1.8MW.
Not many solar installs on coasts. Bird droppings.
Chevron subsid started up 1MW concentrating solar facility in NM.
Tampa El now paying rebates for rez/biz solar heating/PV installs. $2/W (up to $20k). They will also install a 10kw system/year at a school for 5 years.
San Diego G&E adding another 80MW solar to portfolio. 30MW with concentrated solar. Committed to 33% clean E, now at 29% of '15's forecast sales. Also entered into 20-yr PPA for up to 156MW from 1st phase of wind farm in Baja expected online in '13.
Primus Green E, US subsid of Israel Corp's IC Green E unit, can convert non-food ag and wood residues into fuels at competitive cost with oil. Can use existing infrastructure, no need for engine changes and 80% less pollution. Plans to produce avfuel.
Cape Wind cleared the last fed approval but lacks a buyer for half its proposed power. $2.6B/468MW project. Construction start in fall. MA now asking feds to halve possible offshore wind power leasing area for fishing industry.
Major home builders starting to sell tract homes with solar, near-zero utility bills.
El Paso city gov's E use has dropped 23% since '07. Retrofitting. Lighting, solar heat, LED trafiic lights. Johnson Controls loaned $15M for the changes. City paying back and extra left over. Now fed grants paying for more - mostly street light retrofits.
In PA, a NG well leaked chem-laced water into nearby creek.
France may ban shale exploration.
The economic "recession" cut GHG emissions 7.2%.
Power Tagging, a CO startup, has hardware/software to track E flow on the grid. "Smart Grid 3.0". Grid aware, grid command/control, location specific, real time work, ap ecosystem. 2-way com using grid bandwidth. Can be used for demand redux, grid mapping, security, outage notification, etc., including transformer management (transformers reaching end of 40-yr life while EVs could overload). All digital, whereas analog signals get destroyed by the grid itself. 19 miles of grid with 4 utilities in demo phase. Dominion, Lockheed Martin investors.
Solazyme - fuel, food additives, chems from algae - filed prelim IPO papers. $37M revs in '10, $16.2M losses. Produced 455 met tons of oil in last 13 months. Can produce at $3.44/gal. $100M IPO.
Alstom Grid won contract for high volt DC (HVDC) converter for the Tres Amigas superstation that will connect the 3 major US grids at Clovis, NM to effectively give the US a national grid. Yes! $150M Euro contract for the 750MW/345kV converter in the $600M project. Construction begins next year, online in '14.
Weekly US oil supply dropped 2.3M bls v. predicted 1.7M increase. 4M bls short, folks. Gasoline stocks fell 1.58M bls to 208M, lowest since late '08. Gas demand holding at 9mb/d. China's Sinopec has halted exports of oil products with reports of fuel shortages. Small indy refiners, operating at a loss, have cut production. State-owned refiners attempting to compensate.
Market closed tomorrow. Happy fishing.
Shipping rates are back to where they were in the pit of the financial crisis. Baltic Dry Index down 40% this year. Too many ships. Last year biggest year of new ship deliveries in history. This year expanding 15%. I wonder if they have more efficient engines. Now, owners can pay $25k/day to keep the ship running or scrap it for $10M. Scrapping at highest rate in 28 years. China makes up 1/3 of dry bulk trade - iron ore, coal, grain. So... looks like the fleet is getting regenerated and shipping is way down.
Spanish wind generated more power in '10 than German despite less installed capacity (>20GW v. GM's >27GW). SP had high winds, has more advanced turbines and better integration into grid. In March, wind covered 21% of SP's el demand (nuke 19%, hydro >17%). SP's wind cap grew 8% in '10, slowest since '03.
Las Vegas finished >$9M effort to install solar PV carports at 7 city facilities. Funded by fed grants, $3.2M rebate from NV Energy. 1.8MW.
Not many solar installs on coasts. Bird droppings.
Chevron subsid started up 1MW concentrating solar facility in NM.
Tampa El now paying rebates for rez/biz solar heating/PV installs. $2/W (up to $20k). They will also install a 10kw system/year at a school for 5 years.
San Diego G&E adding another 80MW solar to portfolio. 30MW with concentrated solar. Committed to 33% clean E, now at 29% of '15's forecast sales. Also entered into 20-yr PPA for up to 156MW from 1st phase of wind farm in Baja expected online in '13.
Primus Green E, US subsid of Israel Corp's IC Green E unit, can convert non-food ag and wood residues into fuels at competitive cost with oil. Can use existing infrastructure, no need for engine changes and 80% less pollution. Plans to produce avfuel.
Cape Wind cleared the last fed approval but lacks a buyer for half its proposed power. $2.6B/468MW project. Construction start in fall. MA now asking feds to halve possible offshore wind power leasing area for fishing industry.
Major home builders starting to sell tract homes with solar, near-zero utility bills.
El Paso city gov's E use has dropped 23% since '07. Retrofitting. Lighting, solar heat, LED trafiic lights. Johnson Controls loaned $15M for the changes. City paying back and extra left over. Now fed grants paying for more - mostly street light retrofits.
In PA, a NG well leaked chem-laced water into nearby creek.
France may ban shale exploration.
The economic "recession" cut GHG emissions 7.2%.
Power Tagging, a CO startup, has hardware/software to track E flow on the grid. "Smart Grid 3.0". Grid aware, grid command/control, location specific, real time work, ap ecosystem. 2-way com using grid bandwidth. Can be used for demand redux, grid mapping, security, outage notification, etc., including transformer management (transformers reaching end of 40-yr life while EVs could overload). All digital, whereas analog signals get destroyed by the grid itself. 19 miles of grid with 4 utilities in demo phase. Dominion, Lockheed Martin investors.
Solazyme - fuel, food additives, chems from algae - filed prelim IPO papers. $37M revs in '10, $16.2M losses. Produced 455 met tons of oil in last 13 months. Can produce at $3.44/gal. $100M IPO.
Alstom Grid won contract for high volt DC (HVDC) converter for the Tres Amigas superstation that will connect the 3 major US grids at Clovis, NM to effectively give the US a national grid. Yes! $150M Euro contract for the 750MW/345kV converter in the $600M project. Construction begins next year, online in '14.
Weekly US oil supply dropped 2.3M bls v. predicted 1.7M increase. 4M bls short, folks. Gasoline stocks fell 1.58M bls to 208M, lowest since late '08. Gas demand holding at 9mb/d. China's Sinopec has halted exports of oil products with reports of fuel shortages. Small indy refiners, operating at a loss, have cut production. State-owned refiners attempting to compensate.
Market closed tomorrow. Happy fishing.
OPEN
(stock #'s in %)
Market up 10/9/4. Volume normal. Oil steady over $111. Philly-area manufacturing activity fell more than expected in latest report.
NACF down 22. LEOM down 20. CLNO down 16. WPNV down 11.
MMMW up 33. WTWO up 24. ECOS up 22. AWNE up 16. CCGI up 12. UBRG up 9.
Market up 10/9/4. Volume normal. Oil steady over $111. Philly-area manufacturing activity fell more than expected in latest report.
NACF down 22. LEOM down 20. CLNO down 16. WPNV down 11.
MMMW up 33. WTWO up 24. ECOS up 22. AWNE up 16. CCGI up 12. UBRG up 9.
Wednesday, April 20, 2011
CLOSE
(stock #'s in %)
Market up 186/57/17. Woo. Volume heavier than normal. Oil over $111. Greece says debt "absolutely sustainable". Sounds like my household. Toyota to halt output across Europe. Can we have another hug for Japan. Gotta feel. And another hug for the families of the 11 killed in the BP gulf explosion last year today.
So, this is how it all filtered out for double-digit or less clean E:
RNNM up 42. Maybe bottoming. Dealing with 50-day lines. MDTL up 28. Who knows. No volume to speak of. WNEA up 24. Again, bottoming out on 50-days. I guess. WPNV, CRGE up 21. Looks like CRGE could be bottoming. WPNV is definitely bottom. RVBF up 20. 3k shares. They're on the bottom. IAUS up 17. No no and no. LMCO up 15. Bottom. Sense a theme here? QTMM, LEOM up 12. No volumes. WTWO up 11. Don't ask me. BSRC up 10. Makes sense. But up against all their lines.
GAZU down 28. Don't know. Don't follow. BHWX down 22. Headin further down. HYEG down 20. Can't make out heads nor tails. SNRY down 13. So low no one goes. EVSO down 10. Steady downer. UBRG down 8. Maybe their new bottom instead of .036. Who knows. Late on reporting 1Q?! Hell, 2Q just started. At least they're reporting revenues for 3 quarters. UTOG isn't there yet. O well, that was the come and the go.
Happy trails, pards.
Market up 186/57/17. Woo. Volume heavier than normal. Oil over $111. Greece says debt "absolutely sustainable". Sounds like my household. Toyota to halt output across Europe. Can we have another hug for Japan. Gotta feel. And another hug for the families of the 11 killed in the BP gulf explosion last year today.
So, this is how it all filtered out for double-digit or less clean E:
RNNM up 42. Maybe bottoming. Dealing with 50-day lines. MDTL up 28. Who knows. No volume to speak of. WNEA up 24. Again, bottoming out on 50-days. I guess. WPNV, CRGE up 21. Looks like CRGE could be bottoming. WPNV is definitely bottom. RVBF up 20. 3k shares. They're on the bottom. IAUS up 17. No no and no. LMCO up 15. Bottom. Sense a theme here? QTMM, LEOM up 12. No volumes. WTWO up 11. Don't ask me. BSRC up 10. Makes sense. But up against all their lines.
GAZU down 28. Don't know. Don't follow. BHWX down 22. Headin further down. HYEG down 20. Can't make out heads nor tails. SNRY down 13. So low no one goes. EVSO down 10. Steady downer. UBRG down 8. Maybe their new bottom instead of .036. Who knows. Late on reporting 1Q?! Hell, 2Q just started. At least they're reporting revenues for 3 quarters. UTOG isn't there yet. O well, that was the come and the go.
Happy trails, pards.
STUFF
Italy says their solar incentive cost 6-7B Euros/yr.
CA Supreme Court tossed out 2 lawsuits that challenged the state's approval of now 663MW solar project near Barstow.
Ponds and reservoirs being considered for floating solar.
NRG abandoned their project for 2 new nukes in TX that were in doubt even before Fukushima. Heading toward NG.
Public finance: A year into Britain's austerity plan, their retail sales had the sharpest monthly plunge in 15 yrs and real household income expected to fall 2% this yr. Hope we don't get one here.
PA asking drillers to stop sending wastewater to treatment plants. So, will they have to build their own treatment plants?
2nd massive fish kill in CA. Scientists looking for connects with the 1st.
Oral argument at Supreme Court yesterday in AEP v. Connecticut, et al. Can the states sue power comps for GHG emissions. Court probably won't allow case to proceed, though lower court found for the states.
Italy intro'd amendment to indefinitely extend moratorium on new nukes. And cabinet charged with forming new E strategy. 70% of Italians now against new nukes.
T. Bone Pickens at Press Club Tuesday: 4Q11 oil demand projected to be 90mb/d and "I don't think the world can produce 90m". He also said he backed out of the 1GW TX wind farm deal because it was "too expensive", but failed to mention that he had demanded the water rights along the transmission line right-of-way which effectively killed the project. And he said the NG bill in Congress would give $60k tax credit for each new NG-fueled big rig truck. "I want $1B/yr for 5 yrs...and then kill it". "Just the money to get it started." Infrastructure will follow. "Ford didn't stop because there weren't any gas stations." Transition to NG "could reduce OPEC oil imports by half in 7 years".
A coal-laden barge struggling up the flood-stage Ohio River as I write.
US government proposed to purchase several hundred million gallons of advanced biofuels by '16. Expected demand by Navy 336M gals, AF 587M. Not enough quantity, though, to "singlehandedly drive a market". Navy also to undertake "biorefinery development analysis".
If current pace of US ethanol exports maintained all year, it could total >700M gals v. last year's 400M.
Panama to intro 2% eth mandate in '13, rises to 5% in '14, 7% in '15, 10% in '16.
Sharzenneger - Schwarzenegger - Arnie - says the tariff on Brazil's ethanol is "a crime". He's also pushing for new nukes in CA, but, like too many too often, equated that with foreign oil. Our power grid uses no oil. Once again everybody: OIL IS ABOUT TRANSPORTATION. At least in the USA.
Adios, pards.
CA Supreme Court tossed out 2 lawsuits that challenged the state's approval of now 663MW solar project near Barstow.
Ponds and reservoirs being considered for floating solar.
NRG abandoned their project for 2 new nukes in TX that were in doubt even before Fukushima. Heading toward NG.
Public finance: A year into Britain's austerity plan, their retail sales had the sharpest monthly plunge in 15 yrs and real household income expected to fall 2% this yr. Hope we don't get one here.
PA asking drillers to stop sending wastewater to treatment plants. So, will they have to build their own treatment plants?
2nd massive fish kill in CA. Scientists looking for connects with the 1st.
Oral argument at Supreme Court yesterday in AEP v. Connecticut, et al. Can the states sue power comps for GHG emissions. Court probably won't allow case to proceed, though lower court found for the states.
Italy intro'd amendment to indefinitely extend moratorium on new nukes. And cabinet charged with forming new E strategy. 70% of Italians now against new nukes.
T. Bone Pickens at Press Club Tuesday: 4Q11 oil demand projected to be 90mb/d and "I don't think the world can produce 90m". He also said he backed out of the 1GW TX wind farm deal because it was "too expensive", but failed to mention that he had demanded the water rights along the transmission line right-of-way which effectively killed the project. And he said the NG bill in Congress would give $60k tax credit for each new NG-fueled big rig truck. "I want $1B/yr for 5 yrs...and then kill it". "Just the money to get it started." Infrastructure will follow. "Ford didn't stop because there weren't any gas stations." Transition to NG "could reduce OPEC oil imports by half in 7 years".
A coal-laden barge struggling up the flood-stage Ohio River as I write.
US government proposed to purchase several hundred million gallons of advanced biofuels by '16. Expected demand by Navy 336M gals, AF 587M. Not enough quantity, though, to "singlehandedly drive a market". Navy also to undertake "biorefinery development analysis".
If current pace of US ethanol exports maintained all year, it could total >700M gals v. last year's 400M.
Panama to intro 2% eth mandate in '13, rises to 5% in '14, 7% in '15, 10% in '16.
Sharzenneger - Schwarzenegger - Arnie - says the tariff on Brazil's ethanol is "a crime". He's also pushing for new nukes in CA, but, like too many too often, equated that with foreign oil. Our power grid uses no oil. Once again everybody: OIL IS ABOUT TRANSPORTATION. At least in the USA.
Adios, pards.
OPEN
(stock #'s in %)
Market up 188/56/18. Volume normal. Oil over $110. Earnings driving stocks up.
CRGE up 17. LEOM up 12. AMLM up 11. LMCO up 10. PLUG up 10.
TSPG down 29. CREE down 3, another new 12-month low.
Market up 188/56/18. Volume normal. Oil over $110. Earnings driving stocks up.
CRGE up 17. LEOM up 12. AMLM up 11. LMCO up 10. PLUG up 10.
TSPG down 29. CREE down 3, another new 12-month low.
Tuesday, April 19, 2011
CLOSE
(stock #'s in %)
Market up 65/9/7. Volume normal. Oil up over $108. Libya war. And maybe even Trump saying we should grab the Iraq oil that we paid patriots' lives and $1.5T for. Well, it's a point.
PSUD up 25. LEOM up 24 (no volume). SSHO up 18 (ditto). PVRE, TMEN up 11. KNDI up 10. Back up to their $3 bottom. ESLR up 9. Staying in their 50-day lines. ZAAP up 8. Bottoming out. WESTD up 6.
WNEA down 18. PLUG, NACF down 12. PLUG came back 5 from earlier in the day.
And that was the come and the go pards.
Market up 65/9/7. Volume normal. Oil up over $108. Libya war. And maybe even Trump saying we should grab the Iraq oil that we paid patriots' lives and $1.5T for. Well, it's a point.
PSUD up 25. LEOM up 24 (no volume). SSHO up 18 (ditto). PVRE, TMEN up 11. KNDI up 10. Back up to their $3 bottom. ESLR up 9. Staying in their 50-day lines. ZAAP up 8. Bottoming out. WESTD up 6.
WNEA down 18. PLUG, NACF down 12. PLUG came back 5 from earlier in the day.
And that was the come and the go pards.
STUF
JP's budget $1.1T, $260B repay on debt. On Jan 27/11, S&P cut JP's rating for 1st time since '02 to AA- (4th highest rating) on "no plan to deal with mounting debt". Well, seems like JP needs an upgrade. They have $10T debt on their $5T GDP. The Jan rating was on par with China and the Sauds and a notch below Spain (since lowered?). Also seems China deserves an upgrade on having a $3T surplus reserve. Just looking at things. And S&P has such a good rep after the financial crisis themselves. They either did the latest US rating to make quick money in the market or make the present admin look bad. Or both. But I bet they made money on that call. Not that I'm jaded. Or cynical. What's our rating for S&P?
US approves Cape Wind construction plan.
States, utilities ask EPA to boost cap and trade plans.
DOE allots $5M to encourage EV deploy.
Drought threatening winter wheat crop.
Google plunked $100M down onto 845MW OR wind farm that should be online in '12.
Prez to be at ElectraTherm on Thursday. They make low temp waste heat recovery systems. Town hall meeting in Reno.
1 of every 2 wind turbines installed last year were installed in China.
Secret UK memos exposed a link between oil and invasion of Iraq. "WMD's..."
Oil and gas companies injected hundreds of millions of gallons of hazardous or carcinogenic chems into wells in more than 13 states from '05 to '09: congressional democratic investigation. Fracking. O well, who needs clean drinking water.
Cobalt Tech and American Process agreed to build world's 1st industrial-scale cellulosic biorefinery to produce biobutanol in MI. 470kgal/yr. Woody biomass. $18M DOE grant and $4M MI grant. Demo plant. $250/ton cost of field corn. $60/ton for wood or sugarcane bagasse.
Tidewater Biodiesel in VA to build 10M gal/yr plant to produce fuel from used cooking oil. Online '12.
World Bank calls for relaxing biofuel mandates to ease food price pressures. Yes!
Solar PV project order backlog in US >12GW.
And that's the way I saw it today fellow rockheads. Happy trails.
US approves Cape Wind construction plan.
States, utilities ask EPA to boost cap and trade plans.
DOE allots $5M to encourage EV deploy.
Drought threatening winter wheat crop.
Google plunked $100M down onto 845MW OR wind farm that should be online in '12.
Prez to be at ElectraTherm on Thursday. They make low temp waste heat recovery systems. Town hall meeting in Reno.
1 of every 2 wind turbines installed last year were installed in China.
Secret UK memos exposed a link between oil and invasion of Iraq. "WMD's..."
Oil and gas companies injected hundreds of millions of gallons of hazardous or carcinogenic chems into wells in more than 13 states from '05 to '09: congressional democratic investigation. Fracking. O well, who needs clean drinking water.
Cobalt Tech and American Process agreed to build world's 1st industrial-scale cellulosic biorefinery to produce biobutanol in MI. 470kgal/yr. Woody biomass. $18M DOE grant and $4M MI grant. Demo plant. $250/ton cost of field corn. $60/ton for wood or sugarcane bagasse.
Tidewater Biodiesel in VA to build 10M gal/yr plant to produce fuel from used cooking oil. Online '12.
World Bank calls for relaxing biofuel mandates to ease food price pressures. Yes!
Solar PV project order backlog in US >12GW.
And that's the way I saw it today fellow rockheads. Happy trails.
OPEN
(stock #'s in %)
Mixed market. Volume a little light. Oil steady. Housing starts a little better than forecast.
PLUG down 16 more. Might be the bottom. EVSO down 15. UBRG down 8. NENED down 6. AONE back 3.
PSUD up 50. CCGI up 28 on news, but no volume. ESLR, WESTD up 6.
Mixed market. Volume a little light. Oil steady. Housing starts a little better than forecast.
PLUG down 16 more. Might be the bottom. EVSO down 15. UBRG down 8. NENED down 6. AONE back 3.
PSUD up 50. CCGI up 28 on news, but no volume. ESLR, WESTD up 6.
Monday, April 18, 2011
CLOSE
(stock #'s in %)
Market down 140/29/14. Volume heavy. Oil over $107.
FEWP down 24. AWNE, CRGE down 21. BHWX down 15. WESTD, AFPW, WTWO down 12. CCGI, PLUG down 11. Told ye about PLUG's reverse split announcement. Haven't seen a case yet when the stock doesn't go down after the announcement or actual split. Now under 200-day lines. ZAAP down 8. Under 200-day lines.
CSKH up 26. Bounce off that second bottom. AEBF up 16. A jump off all their lines. AONE, UBRG up 11. UBRG above their 50-day lines, at their 200's. AONE reversed their slide with Goldman's upgrade. EVSO up 10. XSNX up 8. BWEN up 7. Back up to 50-days.
Market down 140/29/14. Volume heavy. Oil over $107.
FEWP down 24. AWNE, CRGE down 21. BHWX down 15. WESTD, AFPW, WTWO down 12. CCGI, PLUG down 11. Told ye about PLUG's reverse split announcement. Haven't seen a case yet when the stock doesn't go down after the announcement or actual split. Now under 200-day lines. ZAAP down 8. Under 200-day lines.
CSKH up 26. Bounce off that second bottom. AEBF up 16. A jump off all their lines. AONE, UBRG up 11. UBRG above their 50-day lines, at their 200's. AONE reversed their slide with Goldman's upgrade. EVSO up 10. XSNX up 8. BWEN up 7. Back up to 50-days.
STUFF
EU telling Italy to keep solar incentives stable.
An Indian comp signed agreement for stake in Kazakh oilfield that holds est. 1.85B bls. Another deal allows India to purchase >2k tons of U from Kazakhstan.
DOE issued $2.1B loan guarantee to Solar Trust for 1st 484MW of a 1GW solar thermal project in CA desert. Power should be online starting 2H13.
Algae could replace 17% - 21B gals - of US oil imports by '20: DOE's PNN Lab. It would take land the size of SC.
JP's oil demand fell 270kb/d after quakenami took out refineries. They should get back online in 2Q.
An Indian comp signed agreement for stake in Kazakh oilfield that holds est. 1.85B bls. Another deal allows India to purchase >2k tons of U from Kazakhstan.
DOE issued $2.1B loan guarantee to Solar Trust for 1st 484MW of a 1GW solar thermal project in CA desert. Power should be online starting 2H13.
Algae could replace 17% - 21B gals - of US oil imports by '20: DOE's PNN Lab. It would take land the size of SC.
JP's oil demand fell 270kb/d after quakenami took out refineries. They should get back online in 2Q.
OPEN
(stock #'s in %)
Market down 200/50/19. Volume very heavy. Oil down to $107. S&P's negative outlook on US ratings. BRICs making move to shove dollar aside. China may raise bank deposit reserve ratio for 4th time this year. And Sauds said they did indeed cut oil output 800kb/d in March and Kuwait may have cut 200kb/d. "Oversupply".
PSUD down 38. LEOM down 24. BLQN down 14. CRGE down 13. ALTI down 11. ESLR down 10 on downgrade, target $1. China solars keep getting more tempting - JASO, CSIQ down 3, HSOL down 6.
ECOS up 29. CSKH up 16. AONE up 7 on upgrade.
Market down 200/50/19. Volume very heavy. Oil down to $107. S&P's negative outlook on US ratings. BRICs making move to shove dollar aside. China may raise bank deposit reserve ratio for 4th time this year. And Sauds said they did indeed cut oil output 800kb/d in March and Kuwait may have cut 200kb/d. "Oversupply".
PSUD down 38. LEOM down 24. BLQN down 14. CRGE down 13. ALTI down 11. ESLR down 10 on downgrade, target $1. China solars keep getting more tempting - JASO, CSIQ down 3, HSOL down 6.
ECOS up 29. CSKH up 16. AONE up 7 on upgrade.
Saturday, April 16, 2011
SATURDAY
This week's clean E stocks with good to great long-term potential at 12-month lows or near: AMSC, AONE, APWR, ASTI, BYDDF, BWEN (did go up a little), COMV, CREE, CSIQ, CSUN, EFOI, ENOC, NENED, NEWN. And I cannot find a common denominator yet. ALTI was on the list last week. And BCON. They had a run. DSTI was, they went up a little. ENOC wasn't. They may be a buy. KNDI was. They went up a little. ITRI was. I guess they went up. And ASOE was. They did go up. Odd, isn't it? Lot of A's, lot of C's, 2 B's, 2 E's, 2 N's. That's the market. I'm trying to understand it just like you. But in the time it took me to write and edit all this, I've herd 2 home run fireworks go off at Great American Park. Yea, Reds! YEAH!
Other nuze: Japan biz returning to biz. TEPCo announced the end to rolling blackouts. With uncertainties.
Plutonium waste reserve in UK awaiting reprocessing, sale. After Japan catastrophe, nobody wants it. The tech is centered on JP's market, who might back out. The storage will go unsafe in a couple decades.
WWPW bought 75% interest in ND 150MW wind farm project. '12 build. WWPW US pipeline now 425MW.
Wind plant just off Japan east coast survived the quakenami. Now TEPCo wants them to run full capacity. Each turbine is sunk into seabed 75 feet, and the turbs go up 210 feet or some. Transformers placed on a nearby jetty also stayed abv the tsunami. 7 2MW turbines. Windpower <1% JP's elgen in '07. Coal 28%. NG 26%. Nuke 24%. Oil 14%, Hydro 7%. I know. It never adds up. Actually, this one was pretty close.
1st US multi-car EV charge system intro'd by Recharge Systems Int'l. 70% of car owners in major urb centers park in multi-level, large parking lots. They can charge up to 100 cars at a time. So far.
Happy trails, pards.
Other nuze: Japan biz returning to biz. TEPCo announced the end to rolling blackouts. With uncertainties.
Plutonium waste reserve in UK awaiting reprocessing, sale. After Japan catastrophe, nobody wants it. The tech is centered on JP's market, who might back out. The storage will go unsafe in a couple decades.
WWPW bought 75% interest in ND 150MW wind farm project. '12 build. WWPW US pipeline now 425MW.
Wind plant just off Japan east coast survived the quakenami. Now TEPCo wants them to run full capacity. Each turbine is sunk into seabed 75 feet, and the turbs go up 210 feet or some. Transformers placed on a nearby jetty also stayed abv the tsunami. 7 2MW turbines. Windpower <1% JP's elgen in '07. Coal 28%. NG 26%. Nuke 24%. Oil 14%, Hydro 7%. I know. It never adds up. Actually, this one was pretty close.
1st US multi-car EV charge system intro'd by Recharge Systems Int'l. 70% of car owners in major urb centers park in multi-level, large parking lots. They can charge up to 100 cars at a time. So far.
Happy trails, pards.
Friday, April 15, 2011
CLOSE
(stock #'s in %)
Market up 56/4/5. Volume normal. Oil over $109. House passes $6T/10yr budget cut plan.
FEWP up 45. A peek out. ICPR up 38. I see PR all the time. PSUD up 28. PSPW up 27. WNEA up 24. FRBE up 21. WTWO up 20. TSPG up 12. BWEN up 10. Off the bottom.
MGLT down 48. I know. 300 shares. Trading range. I don't know whether to call it crazy or stupid. CSKH down 28. Back to the bottom. Double bottom. GAZU down 23. AEGY, SNRY down 21. EVCA down 18. LEOM down 17. ECOS, ENSL down 16. UBRG down 15. Back to 50-day lines. Good price if you think they are going up. Look at their valuation and revs. RNNM down 12. LSCG down 7, back to $3. EFOI down 6. And PLUG, down 4, wants to do a reverse split. Another short-term short for ya.
Market up 56/4/5. Volume normal. Oil over $109. House passes $6T/10yr budget cut plan.
FEWP up 45. A peek out. ICPR up 38. I see PR all the time. PSUD up 28. PSPW up 27. WNEA up 24. FRBE up 21. WTWO up 20. TSPG up 12. BWEN up 10. Off the bottom.
MGLT down 48. I know. 300 shares. Trading range. I don't know whether to call it crazy or stupid. CSKH down 28. Back to the bottom. Double bottom. GAZU down 23. AEGY, SNRY down 21. EVCA down 18. LEOM down 17. ECOS, ENSL down 16. UBRG down 15. Back to 50-day lines. Good price if you think they are going up. Look at their valuation and revs. RNNM down 12. LSCG down 7, back to $3. EFOI down 6. And PLUG, down 4, wants to do a reverse split. Another short-term short for ya.
STUFF
Oil industry threatening legal action to stop new Clean Water Act regs. What can be said? Hopefully it will come down to the law. For the spirit of it is clean drinking water, clean estuaries, clean rivers, etc. And we are well aware of the oil industry record, though they do have a tough job.
Duke E to avoid mountaintop coal development because of the costs.
GE announced a campaign to cut gas flaring (NG from oil wells being burned off into atmos). Worldwide, flaring now burns off equivalent of 23% of annual US NG use. 400met tons/yr of CO2. Equiv to 77M cars' exhaust. NOAA/World Bank '07 study found $40B/yr worth of NG being flared off. ~5.5% of world NG production (before fracking the shale). Though it would be worse if not flared off - methane 20x worse than CO2). Alternatives include reinjecting NG into wells to increase oil production, liquefying it, piping it or on-site elgen. If Russia would capture half its flared gas, they'd capture $2B/y worth of NG. Nigeria could offset $13B now spent on diesel fuel power. It's just everything. If people/businesses would just think and care.
Suniva, a solar startup, turned down DOE loan guarantee but raised $94M of $115 VC round. Frees up their plant siting, though they say they will still build here in US. They have high efficiency solar cells, the first manufacturing to successfully leverage ion implantation for solar cells. 16% efficiency in their modules. Current factory is 170 MW capacity.
Duke E selected Xtreme Power to build 36MW battery power storage at their Notrees, TX 153MW wind farm. Late '12 completion. Xtreme already awarded 4 other contracts for storage systems in Hawaii. Adds .5-1 cent/kwh to farm costs. Quiet on their tech, except to say it's solid core and "almost no E resistance".
Sauds, reportedly, actually slowed down their oil production increases recently, not making up for Libyan losses. G, wonder why.
Duke E to avoid mountaintop coal development because of the costs.
GE announced a campaign to cut gas flaring (NG from oil wells being burned off into atmos). Worldwide, flaring now burns off equivalent of 23% of annual US NG use. 400met tons/yr of CO2. Equiv to 77M cars' exhaust. NOAA/World Bank '07 study found $40B/yr worth of NG being flared off. ~5.5% of world NG production (before fracking the shale). Though it would be worse if not flared off - methane 20x worse than CO2). Alternatives include reinjecting NG into wells to increase oil production, liquefying it, piping it or on-site elgen. If Russia would capture half its flared gas, they'd capture $2B/y worth of NG. Nigeria could offset $13B now spent on diesel fuel power. It's just everything. If people/businesses would just think and care.
Suniva, a solar startup, turned down DOE loan guarantee but raised $94M of $115 VC round. Frees up their plant siting, though they say they will still build here in US. They have high efficiency solar cells, the first manufacturing to successfully leverage ion implantation for solar cells. 16% efficiency in their modules. Current factory is 170 MW capacity.
Duke E selected Xtreme Power to build 36MW battery power storage at their Notrees, TX 153MW wind farm. Late '12 completion. Xtreme already awarded 4 other contracts for storage systems in Hawaii. Adds .5-1 cent/kwh to farm costs. Quiet on their tech, except to say it's solid core and "almost no E resistance".
Sauds, reportedly, actually slowed down their oil production increases recently, not making up for Libyan losses. G, wonder why.
OPEN
(stock #'s in %)
Market mixed. Volume normal. Oil over $108. China 1Q GDP up 9.7%.
EVCA down 26. GAZU down 23. AEBF down 13. LEOM down 12. CSKH down 10. ESLR backed off 50-day lines, down 7. EFOI down 5.
PSUD up 28. FRBE up 21. WTWO up 20. CYBL up 16. PSPW up 12.
Market mixed. Volume normal. Oil over $108. China 1Q GDP up 9.7%.
EVCA down 26. GAZU down 23. AEBF down 13. LEOM down 12. CSKH down 10. ESLR backed off 50-day lines, down 7. EFOI down 5.
PSUD up 28. FRBE up 21. WTWO up 20. CYBL up 16. PSPW up 12.
Thursday, April 14, 2011
STUFF
China's M2 money supply up >16% yr on yr.
A bill to speed offshore drilling cleared a House panel.
TVA agreed to shut down 18 of oldest coal boilers and spend $3-5B more on air pollution controls at remaining coal plants. 10-yr plan.
India, Taiwan rethinking nuclear plants, especially seaside.
Grid limitations could force wind power in NW US to shut down. Gotta fix that grid thing now, folks.
Germany warming up to pumping CO2 underground.
Budget compromise cuts fed E innovation investments by 10% ($325M) from '10's level. And across-the-board cuts to all major non-defense research >$1B. To be even more severe with end of ARRA funding. How shortsighted do legislators have to get before they can see common sense? Obama '11 request was to increase non-defense research $2B. If you can't do research, what can you develop? Oy.
Solar Junction set record 43.5% efficiency for commercial-ready concentrated PV (CPV) cell. NREL verified. On short list for DOE loan guarantee to support build of 250MW manufacturing plant in CA. Also hired an investment bank. VC's have put in $20M and they got $3M from DOE's sunshot. But yea, let's cut back research. Annual CPV installs 2MW in '09 should grow to 750MW by '15.
Zipcar IPO up 60% day one. $174M raised. Lost $65M since they've started, but revs $186M in last yr. Building fleet of short-term, on-demand clean E rental cars.
Ultracapacitor maker Ioxus raised $21M in 2nd round. Plan to expand manufacturing capacity from 20k caps/mo to 200k in a yr. ETV, a joint venture with GE, Conoco-Philips, NRG E, an investor. Also Astom- Schneider team. Ultracaps charge/discharge far quicker than batts, endure millions of cycles v. batts' hundreds of thou. But don't hold as much power. Last 5 yrs, prices down 90%.
Hybrid lightbulbs from GE to combine CFL, halogen features. Immediately bright, then halo turns off. 8x life of incandescents. Lower level of Merc. $6-10.
Light Sail E shifting from compressed-air car to machine for E storage. SustainX working on it too. And Isentropic E uses air pressure, hot and cold gravel and a heat engine. State laws, fed regs will mandate investment in E storage by utilities, power providers. Geo compressed air storage (CAES) the cheapest E storage, ~$1.50/W to build. 2 CAES plants exist. PG&E has DOE grants to build one near Tehachapi wind. But 8-10 yrs to build.
In '70, we had a chance to go with molten salt nukes (MSR). But the gov wanted civilian nukes able to supply military with bomb material and the light water nukes of today already had large infrastructure investment. MSR can't melt down, resists weapon proliferation, has little hazardous waste and can run on thorium (400x more abundant than U-235). O well.
US gasoline supplies fell 7M bls, largest 1-week drop in last 12 yrs. But oil supplies at Cushing, OK 41.9M bls, highest ever since records began in '04. Oil tankers bound for Japan up 59% since quakenami.
S. Korea will intro 2% biodiesel mandate in '12. Spain set a 6.2% target for '11, 6.5% for '12, '13.
USDA announced funding for bioenergy projects in 25 states.
And WESTD announced their 1 for 4 reverse split today.
Happy trails, me pards.
A bill to speed offshore drilling cleared a House panel.
TVA agreed to shut down 18 of oldest coal boilers and spend $3-5B more on air pollution controls at remaining coal plants. 10-yr plan.
India, Taiwan rethinking nuclear plants, especially seaside.
Grid limitations could force wind power in NW US to shut down. Gotta fix that grid thing now, folks.
Germany warming up to pumping CO2 underground.
Budget compromise cuts fed E innovation investments by 10% ($325M) from '10's level. And across-the-board cuts to all major non-defense research >$1B. To be even more severe with end of ARRA funding. How shortsighted do legislators have to get before they can see common sense? Obama '11 request was to increase non-defense research $2B. If you can't do research, what can you develop? Oy.
Solar Junction set record 43.5% efficiency for commercial-ready concentrated PV (CPV) cell. NREL verified. On short list for DOE loan guarantee to support build of 250MW manufacturing plant in CA. Also hired an investment bank. VC's have put in $20M and they got $3M from DOE's sunshot. But yea, let's cut back research. Annual CPV installs 2MW in '09 should grow to 750MW by '15.
Zipcar IPO up 60% day one. $174M raised. Lost $65M since they've started, but revs $186M in last yr. Building fleet of short-term, on-demand clean E rental cars.
Ultracapacitor maker Ioxus raised $21M in 2nd round. Plan to expand manufacturing capacity from 20k caps/mo to 200k in a yr. ETV, a joint venture with GE, Conoco-Philips, NRG E, an investor. Also Astom- Schneider team. Ultracaps charge/discharge far quicker than batts, endure millions of cycles v. batts' hundreds of thou. But don't hold as much power. Last 5 yrs, prices down 90%.
Hybrid lightbulbs from GE to combine CFL, halogen features. Immediately bright, then halo turns off. 8x life of incandescents. Lower level of Merc. $6-10.
Light Sail E shifting from compressed-air car to machine for E storage. SustainX working on it too. And Isentropic E uses air pressure, hot and cold gravel and a heat engine. State laws, fed regs will mandate investment in E storage by utilities, power providers. Geo compressed air storage (CAES) the cheapest E storage, ~$1.50/W to build. 2 CAES plants exist. PG&E has DOE grants to build one near Tehachapi wind. But 8-10 yrs to build.
In '70, we had a chance to go with molten salt nukes (MSR). But the gov wanted civilian nukes able to supply military with bomb material and the light water nukes of today already had large infrastructure investment. MSR can't melt down, resists weapon proliferation, has little hazardous waste and can run on thorium (400x more abundant than U-235). O well.
US gasoline supplies fell 7M bls, largest 1-week drop in last 12 yrs. But oil supplies at Cushing, OK 41.9M bls, highest ever since records began in '04. Oil tankers bound for Japan up 59% since quakenami.
S. Korea will intro 2% biodiesel mandate in '12. Spain set a 6.2% target for '11, 6.5% for '12, '13.
USDA announced funding for bioenergy projects in 25 states.
And WESTD announced their 1 for 4 reverse split today.
Happy trails, me pards.
CLOSE
(stock #'s in %)
Market mixed, volume normal. Oil up $1, over $108.
WBRE up 50. UBRG up another 19. Above 50 and 200-day lines. Strong volume. News yesterday. CSGH up 18. A punch off a double bottom. HYPF up 17. Strong, steady climb out of Feb. Close to 10x now. EVCA up 16. Looks like ZIP to compete. ZIP up 50% + on IPO today. EVCA dealing with 3 lines. RNNM, ESLR up 14. ESLR, again, just over their 50-days. 2 big volume days. Maybe their slump be over. ADES up 13. Comeback started? NPWZ, XDSL up 12. FDEI up 11. ACPW, LSCG up 9. LSCG 200-day lines held, apparently. And ACPW's 50's.
IFXY was flat, but with humongous volume on news. Eye out. ECOS also big volume on news, down 3. CREE another new low, flat. CLNO down 33. Fell off their holding pattern. PSUD down 22. Struggling between their lines on light volumes. SSHO down 21. CSOL down 15. CYBL, EVSO, SNRY down 14. MMMW down 13. OOIL down 11. Backed off their bottom line. CCGI, BFRE down 10.
Market mixed, volume normal. Oil up $1, over $108.
WBRE up 50. UBRG up another 19. Above 50 and 200-day lines. Strong volume. News yesterday. CSGH up 18. A punch off a double bottom. HYPF up 17. Strong, steady climb out of Feb. Close to 10x now. EVCA up 16. Looks like ZIP to compete. ZIP up 50% + on IPO today. EVCA dealing with 3 lines. RNNM, ESLR up 14. ESLR, again, just over their 50-days. 2 big volume days. Maybe their slump be over. ADES up 13. Comeback started? NPWZ, XDSL up 12. FDEI up 11. ACPW, LSCG up 9. LSCG 200-day lines held, apparently. And ACPW's 50's.
IFXY was flat, but with humongous volume on news. Eye out. ECOS also big volume on news, down 3. CREE another new low, flat. CLNO down 33. Fell off their holding pattern. PSUD down 22. Struggling between their lines on light volumes. SSHO down 21. CSOL down 15. CYBL, EVSO, SNRY down 14. MMMW down 13. OOIL down 11. Backed off their bottom line. CCGI, BFRE down 10.
OPEN
(stock #'s in %)
Market down 38/11/4. Volume a little light. Oil back up, just under $108. China foreign exchange reserves now >$3T.
SSHO down 21. PSUD down 20. EVSO down 11. COMV new 12-month low, down 2. FSLR down 3, dipped under the 200-day lines.
HYPF up 29. EVCA up 18 on news. ESLR up 14. 2-day rally up to 50-day lines. CSGH up 10. ECOS up 9 on news. DSTI up 8. UBRG up another 7, up to 200-day lines again.
Market down 38/11/4. Volume a little light. Oil back up, just under $108. China foreign exchange reserves now >$3T.
SSHO down 21. PSUD down 20. EVSO down 11. COMV new 12-month low, down 2. FSLR down 3, dipped under the 200-day lines.
HYPF up 29. EVCA up 18 on news. ESLR up 14. 2-day rally up to 50-day lines. CSGH up 10. ECOS up 9 on news. DSTI up 8. UBRG up another 7, up to 200-day lines again.
Wednesday, April 13, 2011
STUFF
Sauds, China plan to sign nuke coop agreement. Kingdom already signed with France.
CA E Commission awarded $500k to Applied Materials for research on more cost-effective manufacturing of LEDs. Project total cost $8.7M. AM also received $4M from stimulus money via DOE.
Bloomberg and Clinton grouping up. Going for bldg E reductions, mass transit and landfill E reuse.
EU has proposed restrucuring of their fuel and heating oil taxes.
Japan considering fewer, more efficient reactors. Um, how about on the west coast instead of fault line/tsunami coast. For starters.
Elimination of White House office of E/clime change a key democratic concession in the budget deal. And elimination of proposed funding that states hoped to use to implement new climate regs. Gotta love those republican priorities.
World's first commercial cellulosic ethanol plant has been built in Italy.
National Boat Racing Association adopted E10 as '11 official fuel. How about sails?
Computer servers use ~2.5% of US el. Lighting uses 22%.
Now 4 companies doing solar leasing. CentroSolar/BrightGrid joined Solar City, Sungevity and Sun Run.
Germany has a feed-in tariff for biomass power. 1k biomass plants built there in last few years.
Harvest Power (MA) developing energy/fertilizer production from organic waste. Just raised $50M, most from Europe. Broke ground on 1st commercial scale facility in N. Am.
CA E Commission awarded $500k to Applied Materials for research on more cost-effective manufacturing of LEDs. Project total cost $8.7M. AM also received $4M from stimulus money via DOE.
Bloomberg and Clinton grouping up. Going for bldg E reductions, mass transit and landfill E reuse.
EU has proposed restrucuring of their fuel and heating oil taxes.
Japan considering fewer, more efficient reactors. Um, how about on the west coast instead of fault line/tsunami coast. For starters.
Elimination of White House office of E/clime change a key democratic concession in the budget deal. And elimination of proposed funding that states hoped to use to implement new climate regs. Gotta love those republican priorities.
World's first commercial cellulosic ethanol plant has been built in Italy.
National Boat Racing Association adopted E10 as '11 official fuel. How about sails?
Computer servers use ~2.5% of US el. Lighting uses 22%.
Now 4 companies doing solar leasing. CentroSolar/BrightGrid joined Solar City, Sungevity and Sun Run.
Germany has a feed-in tariff for biomass power. 1k biomass plants built there in last few years.
Harvest Power (MA) developing energy/fertilizer production from organic waste. Just raised $50M, most from Europe. Broke ground on 1st commercial scale facility in N. Am.
OPEN
(stock #'s in %)
Market mixed. Volume light. Oil up above $106. Bank of America says "buy oil...30% chance of $160 (Brent) this year." And Kuwait suspended oil ops for sandstorms.
HYEG up 38. PSUD up 33. AWNE up 16. NACF, TRKP up 12. UBRG up 9.
TSPG down 29. MDTL down 21. PSRU, FEWP down 20. EVSO down 11. CSOL down 10. NENED, KNDI down another 5. CREE down 3, new 12-month low.
Market mixed. Volume light. Oil up above $106. Bank of America says "buy oil...30% chance of $160 (Brent) this year." And Kuwait suspended oil ops for sandstorms.
HYEG up 38. PSUD up 33. AWNE up 16. NACF, TRKP up 12. UBRG up 9.
TSPG down 29. MDTL down 21. PSRU, FEWP down 20. EVSO down 11. CSOL down 10. NENED, KNDI down another 5. CREE down 3, new 12-month low.
Tuesday, April 12, 2011
STUFF
DOE awarded $57M to SUNY college of nano as part of sunshot program ($1/W solar). VECO a key partner.
CPWY signed joint venture agreement to develop $28M solar plant in NC. They will own plant, est. to generate $5.7M w/in 1st yr.
Fed clean E loan guarantee program was spared the budget ax. Signed into law in '05. So far >$18B for 20 projects. 25 more nearing consideration. Guarantees leveraged private investment of >$40B. Possible problems with shoddy record keeping, though.
DOE offered $1.2B loan guarantee for 250MW solar plant in CA. NRG Solar to own, SPWRA to build, op, maintain. 1-axis tracking. Expected start 2H11, build through '13. Total cost >$1.6B includes substation, 3-mile 230kV feed-in line. 25-yr PPA from PG&E. Doing the rough math, that's over $6/W. Ouch. That's nukey.
Energy/climate change cuts across at least 8 gov agencies and up to 2 dozen committees in Congress. Gen. Jones: "energy didn't get daily attention the prez wanted" (because of crisis). "We need to break the energy deadlock. It's a threat to national security."
Shale gas has more GHG emissions than coal or oil: Cornell research. Est. 30-200% more methane emitted from fracking, majority escaping in water as it flows back out and when rock drilled open. Nat Gas Act intro'd in Congress last week calling for incentives.
BG Group (Brit) says new well off Brazil could produce up to 50kb/d of light oil. In 7k feet of water. Partners with Petrobras and Italian comp.
Google invested $168M in Bright Source Energy's concentrated solar thermal plant under development in Mojave. '13 completion. Will be largest solar project in world. Goog has now invested $250M in clean E.
CA governor signed the new RPS bill into law. Calls for 33% clean E in 10 yrs.
CPWY signed joint venture agreement to develop $28M solar plant in NC. They will own plant, est. to generate $5.7M w/in 1st yr.
Fed clean E loan guarantee program was spared the budget ax. Signed into law in '05. So far >$18B for 20 projects. 25 more nearing consideration. Guarantees leveraged private investment of >$40B. Possible problems with shoddy record keeping, though.
DOE offered $1.2B loan guarantee for 250MW solar plant in CA. NRG Solar to own, SPWRA to build, op, maintain. 1-axis tracking. Expected start 2H11, build through '13. Total cost >$1.6B includes substation, 3-mile 230kV feed-in line. 25-yr PPA from PG&E. Doing the rough math, that's over $6/W. Ouch. That's nukey.
Energy/climate change cuts across at least 8 gov agencies and up to 2 dozen committees in Congress. Gen. Jones: "energy didn't get daily attention the prez wanted" (because of crisis). "We need to break the energy deadlock. It's a threat to national security."
Shale gas has more GHG emissions than coal or oil: Cornell research. Est. 30-200% more methane emitted from fracking, majority escaping in water as it flows back out and when rock drilled open. Nat Gas Act intro'd in Congress last week calling for incentives.
BG Group (Brit) says new well off Brazil could produce up to 50kb/d of light oil. In 7k feet of water. Partners with Petrobras and Italian comp.
Google invested $168M in Bright Source Energy's concentrated solar thermal plant under development in Mojave. '13 completion. Will be largest solar project in world. Goog has now invested $250M in clean E.
CA governor signed the new RPS bill into law. Calls for 33% clean E in 10 yrs.
CLOSE
(stock #'s in %)
Market down 117/26/10. Volume heavy. Oil $106. Goldman, of course: "oil due for substantial pullback."
PSUD down 25. CYBL, HYEG down 22. WNEA down 17. FDEI down 16. CCGI down 15. AWNE, BFRE, NACF, PVRE down 11. WNDT, KNDI down 10. CRGE, EFOI down 9. UBRG down 8.
TSPG up 30. I guess they aren't done. HYPF up 26. RNNM up 21. SNRY, VVIT up 16. LEOM up 15. PSRU up 11.
Market down 117/26/10. Volume heavy. Oil $106. Goldman, of course: "oil due for substantial pullback."
PSUD down 25. CYBL, HYEG down 22. WNEA down 17. FDEI down 16. CCGI down 15. AWNE, BFRE, NACF, PVRE down 11. WNDT, KNDI down 10. CRGE, EFOI down 9. UBRG down 8.
TSPG up 30. I guess they aren't done. HYPF up 26. RNNM up 21. SNRY, VVIT up 16. LEOM up 15. PSRU up 11.
OPEN
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Market down 140/32/13. Volume normal. Oil $106 and change. Fukushima gone Chernobyl. Nukes not worth the risk. Not the present tech, anyway. Can we get any debate going on thorium reactors or other?
EFOI down 14. New 12-month low. Good price, especially if you're thinking long-term. RNNM down 14. NACF down 11. NENED down 9. KNDI down 7, new low.
HYPF up 26. LEOM up 12.
Market down 140/32/13. Volume normal. Oil $106 and change. Fukushima gone Chernobyl. Nukes not worth the risk. Not the present tech, anyway. Can we get any debate going on thorium reactors or other?
EFOI down 14. New 12-month low. Good price, especially if you're thinking long-term. RNNM down 14. NACF down 11. NENED down 9. KNDI down 7, new low.
HYPF up 26. LEOM up 12.
Monday, April 11, 2011
CLOSE
(stock #'s in %)
Market flat on light volume. Oil just over $109. Ivory Coast war apparently over.
CPTC down 62. ADES down 46. PSRU down 35. I think they're done. TSPG down 34. Maybe them too. RNNM down 22. EVSO down 17. WPRT down 12. So much for NG transportation? ECOS down 11. AWNE, CPWY, CYBL, EVSI down 10. UBRG, FDEI down 9.
WBRE up 50. VVIT up 47. TMEN up 18. NGBF up 10.
Market flat on light volume. Oil just over $109. Ivory Coast war apparently over.
CPTC down 62. ADES down 46. PSRU down 35. I think they're done. TSPG down 34. Maybe them too. RNNM down 22. EVSO down 17. WPRT down 12. So much for NG transportation? ECOS down 11. AWNE, CPWY, CYBL, EVSI down 10. UBRG, FDEI down 9.
WBRE up 50. VVIT up 47. TMEN up 18. NGBF up 10.
STUFF
Columbia reached 884kb/d in March. Now 10th largest oil exporter to US @ avg 365kb/d. Plans to build up ports/pipelines. Could get to 1.4mb/d by '14. Free trade agreement with US coming. Will cut 80% of tariffs on imports, 50% on exports. $1B maybe for US. The war against FARC is over. They say.
Mongolia has 8B bls of oil reserve: Prez of Mongolia.
Earth Energy Resources (Canada) to start mining oil sands in Utah. 7,800 leased acres holds 250M bls recoverable oil. They say. BLM says Utah has 12-19B bls buried in tar sands, tho not all recoverable. So...what's the recoverable, BLM? Is that so hard to tell?
Statoil started production offshore Brazil on its way to 100kb/d. Field discovered in '94.
Why did oil jump late last week? 1. Higher interest rates in Europe depressed the $. 2. Kadaffy started destroying oil production the rebs had control of. And stalemate emerging. 3. Concerns that Saud, Kuwait and UAE won't be able to replace lost Libyan oil. 4. Increased demand from Japan, in "severe condition". 5. Nigerian elections. 6. Iraq oil exports down 2% in March from weather and pipeline attacks. 7. Syria, Yemen shooting protestors. Syria producing ~368kb/d, exporting 148k; Yemen 300k/150k. "$15-20 of oil price from anticipatory fear": somebody. O, yea, and loose Fed money.
IEA called for scrapping $312B in fuel subsidies to help support clean E.
Japan has told businesses and folks to cut power use 20-25% this summer.
Recent social spending by Sauds won't defuse their trouble: an energy consultant. Serious Saud unrest = $300 oil.
Iran: NG pipeline explosions forced more oil use for elgen.
Israel's giant gas find offshore may encroach upon Lebanon territory. Can anyone get along?
Norway estimates Barents Sea may have 5.9B bls of undiscovered oil/gas. Yea and maybe your IRA just doubled. No, really, go Norway. Just kidding.
Centrica, UK's biggest E supplier, building 270MW $1.2B offshore wind farm. 75 Siemens 3.6MW turbines.
Blackouts hit most of Venezuela last Thursday.
Cuba announced plans to drill 5 deepwater wells in the gulf.
Alberta to set new enviro standards for oil sands.
Global clean E market worth $2.3T next 10 yrs. So they say.
DOT: pipeline explosions killed 14 in CA and PA in last 7 months. DOT?!
BP has 47% stake in Noble's gulf project that won DOI approval to resume ops on Feb 28.
New fed permitting process "strangling" small gulf indy oil producers. Is that surprising?
PG&E seeking 20-yr extension for 2 reactors at Diablo Canyon near San Luis Obispo. High seismic risk.
DOA to soon offer grants/loan guarantees to gas stations to install ethanol pumps. 8.2M E85 vehicles now v. 6.1M in '08. 2,350 stations out of 110k offer E85. I guess food prices keep going up, thank you government.
Global Thermostat, 2 competitors say they can use power plant waste heat to capture CO2 and feed it to algae production or pump into oil wells to boost production. They say.
Mongolia has 8B bls of oil reserve: Prez of Mongolia.
Earth Energy Resources (Canada) to start mining oil sands in Utah. 7,800 leased acres holds 250M bls recoverable oil. They say. BLM says Utah has 12-19B bls buried in tar sands, tho not all recoverable. So...what's the recoverable, BLM? Is that so hard to tell?
Statoil started production offshore Brazil on its way to 100kb/d. Field discovered in '94.
Why did oil jump late last week? 1. Higher interest rates in Europe depressed the $. 2. Kadaffy started destroying oil production the rebs had control of. And stalemate emerging. 3. Concerns that Saud, Kuwait and UAE won't be able to replace lost Libyan oil. 4. Increased demand from Japan, in "severe condition". 5. Nigerian elections. 6. Iraq oil exports down 2% in March from weather and pipeline attacks. 7. Syria, Yemen shooting protestors. Syria producing ~368kb/d, exporting 148k; Yemen 300k/150k. "$15-20 of oil price from anticipatory fear": somebody. O, yea, and loose Fed money.
IEA called for scrapping $312B in fuel subsidies to help support clean E.
Japan has told businesses and folks to cut power use 20-25% this summer.
Recent social spending by Sauds won't defuse their trouble: an energy consultant. Serious Saud unrest = $300 oil.
Iran: NG pipeline explosions forced more oil use for elgen.
Israel's giant gas find offshore may encroach upon Lebanon territory. Can anyone get along?
Norway estimates Barents Sea may have 5.9B bls of undiscovered oil/gas. Yea and maybe your IRA just doubled. No, really, go Norway. Just kidding.
Centrica, UK's biggest E supplier, building 270MW $1.2B offshore wind farm. 75 Siemens 3.6MW turbines.
Blackouts hit most of Venezuela last Thursday.
Cuba announced plans to drill 5 deepwater wells in the gulf.
Alberta to set new enviro standards for oil sands.
Global clean E market worth $2.3T next 10 yrs. So they say.
DOT: pipeline explosions killed 14 in CA and PA in last 7 months. DOT?!
BP has 47% stake in Noble's gulf project that won DOI approval to resume ops on Feb 28.
New fed permitting process "strangling" small gulf indy oil producers. Is that surprising?
PG&E seeking 20-yr extension for 2 reactors at Diablo Canyon near San Luis Obispo. High seismic risk.
DOA to soon offer grants/loan guarantees to gas stations to install ethanol pumps. 8.2M E85 vehicles now v. 6.1M in '08. 2,350 stations out of 110k offer E85. I guess food prices keep going up, thank you government.
Global Thermostat, 2 competitors say they can use power plant waste heat to capture CO2 and feed it to algae production or pump into oil wells to boost production. They say.
OPEN
(stock #'s in %)
Market up 62/5/4. Volume light. Oil under $112. IMF lowered '11 US growth forecast to 2.8% from Jan's 3% because of oil and slow rise in employment. Global forecast stays at 4.4%
ADES down 38 on arbitration ruling against them. SSHO down 28. FDEI down 23. TSPG down 14. UBRG down 13.
VVIT up 44. LEOM, NGBF up 15. ASOE, GAZU up 14. FEWP up 11.
Market up 62/5/4. Volume light. Oil under $112. IMF lowered '11 US growth forecast to 2.8% from Jan's 3% because of oil and slow rise in employment. Global forecast stays at 4.4%
ADES down 38 on arbitration ruling against them. SSHO down 28. FDEI down 23. TSPG down 14. UBRG down 13.
VVIT up 44. LEOM, NGBF up 15. ASOE, GAZU up 14. FEWP up 11.
Sunday, April 10, 2011
STUFF
Our world uses ~31B bls of oil/yr. I used 90mbpd. One of my granddaughters likes math too.
US Fed Reserve has tripled its monetary base since the crisis. Oil also has tripled. And possibly our aggravation.
UN food price index up 37% year on year.
NRG Energy opened the 1st of their EV charge stations in TX. To have 70 stations in Dallas/Ft. Worth, 50 in Houston. Half in by summer. 480V/240V options. Flat monthly fee $49-89, the 89 gives you all the el you want schmorgishborg with home and road stations. Stations will be no more than 5 miles apart. 30-mile range for a 10-minute 480V charge, 25 mile in an hour with the 240V. AVAV, GE, Siemens involved. "Petrol doesn't set the price of el. Ever." Americans pay avg. ~$169 in gas/mo. NRG will put stations along I45 between the cities in '12.
Areva, the French nuke giant, trying to complete a reactor in Finland in '12. $3B budget now 5. Has anyone ever brought a nuke in on budget? Nukes are cash cows now in US because of extensions to 60 yrs. New nukes give us el @ 10 cents/kwh assuming $4k/kwh capital costs (MIT figs), DOE est. closer to $7k. So much for "too cheap to meter." New NG plants give us el @ 5 cents/kwh @ ~$1k/kwh capital costs. Fun fact: 1 lb of U provides same E as 100k lbs of coal. Barrel of fun, huh.
Argonne National Lab invented lithium-manganese battery now used in Chev Volt. Oak Ridge National Lab found that putting an airfoil under an 18-wheeler increases mileage 3-4%. The list of invention from fed labs is a very long one. Meanwhile, China has developed a 1M volt power line that loses 8% of power in 1,200 miles. An equivalent US 760kV line would lose 80% of the power. And Ryan budget would cut fed energy R&D 85%.
CoalTek has tech to squeeze water out of coal for better burn. And some company has a higher temp coal burn tech for better efficiency. Going into a plant in Malaysia I think I remember.
And Brent oil hit $124 on Friday.
Happy trails, pards.
US Fed Reserve has tripled its monetary base since the crisis. Oil also has tripled. And possibly our aggravation.
UN food price index up 37% year on year.
NRG Energy opened the 1st of their EV charge stations in TX. To have 70 stations in Dallas/Ft. Worth, 50 in Houston. Half in by summer. 480V/240V options. Flat monthly fee $49-89, the 89 gives you all the el you want schmorgishborg with home and road stations. Stations will be no more than 5 miles apart. 30-mile range for a 10-minute 480V charge, 25 mile in an hour with the 240V. AVAV, GE, Siemens involved. "Petrol doesn't set the price of el. Ever." Americans pay avg. ~$169 in gas/mo. NRG will put stations along I45 between the cities in '12.
Areva, the French nuke giant, trying to complete a reactor in Finland in '12. $3B budget now 5. Has anyone ever brought a nuke in on budget? Nukes are cash cows now in US because of extensions to 60 yrs. New nukes give us el @ 10 cents/kwh assuming $4k/kwh capital costs (MIT figs), DOE est. closer to $7k. So much for "too cheap to meter." New NG plants give us el @ 5 cents/kwh @ ~$1k/kwh capital costs. Fun fact: 1 lb of U provides same E as 100k lbs of coal. Barrel of fun, huh.
Argonne National Lab invented lithium-manganese battery now used in Chev Volt. Oak Ridge National Lab found that putting an airfoil under an 18-wheeler increases mileage 3-4%. The list of invention from fed labs is a very long one. Meanwhile, China has developed a 1M volt power line that loses 8% of power in 1,200 miles. An equivalent US 760kV line would lose 80% of the power. And Ryan budget would cut fed energy R&D 85%.
CoalTek has tech to squeeze water out of coal for better burn. And some company has a higher temp coal burn tech for better efficiency. Going into a plant in Malaysia I think I remember.
And Brent oil hit $124 on Friday.
Happy trails, pards.
Saturday, April 9, 2011
STUFF
China may become net importer of rare earth elements w/in 3-5 yrs. Won't be enough in world to go around. Prices will explode. Molycorp one US comp for investment, though they mostly have the the lighter REs. The heavier ones will be most in demand, lowest in supply. And it will affect all of high tech.
PyroPhase was issued patents for method to store wind/solar power as heat in heavy oil formations, including oil sands and oil shale. Stores radio frequency energy as heat, converts oil to refinery quality @ 5x amounts from el E input. Reduces need for backup plants to compensate for variable solar/wind load changes. Plans for $5M pilot plant, $20M to scale up to $75M 10kbpd plant in 4 yrs.
US wind industry up 15% in '10, 26% of all new elgen capacity. >5.1GW added, total now >40GW. Added 35% of new elgen cap since '07. 20k manufacturing jobs now in US. Entered '11 with 5.6GW under construction, double '10's start. On track for 20% of US elgen by '30, as laid out in Bush yrs.
Germany started on 2nd N. Sea wind farm in response to public opposition to nuke power.
Sempra got a 20-yr PPA from Maui El for 21Mw wind farm.
SolFocus and Bechtel completed 1MW high concentrator PV (CPV) solar plant in CA on 6 acres. Uses reflective optics to concentrate sunlight 650X onto hi-efficient cells. Dual-axis tracking. Shortest payback, lowest GHG intensity (in manufacture/install) of any solar tech.
E.ON (Germ.) started install of 150MW wind farm in IL, will be 14th farm they've built in US in last 3 yrs. Also building 1GW farm near London, to be world's largest and 3 farms offshore Germany with >1GW total.
EIA assessment of 48 shale gas basins in 32 countries puts recoverable NG @ 5,760TCF to add to world total ~22,000TCF. US reports 2,552TCF NG resources - 827TCF in shale. Barnett shale now prod. ~5.35bcfd, Haynesville 5.62.
Stocks near or at 12-month lows with great long-term potential: ALTI (new batts), AMSC (superconduction), AONE (new batts), APWR (Chinese alt E), ASTI (thin film solar), BCON (flywheel el storage), BWEN (wind infra), BYDDF (Chinese batts, EV's), COMV (el efficiency), CREE (LEDs), CSUN (Chinese PV sol), CSIQ (Chinese PV sol), DSTI (thin film solar), EFOI (LEDs), ITRI (smart grid), KNDI (Chinese EVs), NENED (solar on windows/kinetic E).
PyroPhase was issued patents for method to store wind/solar power as heat in heavy oil formations, including oil sands and oil shale. Stores radio frequency energy as heat, converts oil to refinery quality @ 5x amounts from el E input. Reduces need for backup plants to compensate for variable solar/wind load changes. Plans for $5M pilot plant, $20M to scale up to $75M 10kbpd plant in 4 yrs.
US wind industry up 15% in '10, 26% of all new elgen capacity. >5.1GW added, total now >40GW. Added 35% of new elgen cap since '07. 20k manufacturing jobs now in US. Entered '11 with 5.6GW under construction, double '10's start. On track for 20% of US elgen by '30, as laid out in Bush yrs.
Germany started on 2nd N. Sea wind farm in response to public opposition to nuke power.
Sempra got a 20-yr PPA from Maui El for 21Mw wind farm.
SolFocus and Bechtel completed 1MW high concentrator PV (CPV) solar plant in CA on 6 acres. Uses reflective optics to concentrate sunlight 650X onto hi-efficient cells. Dual-axis tracking. Shortest payback, lowest GHG intensity (in manufacture/install) of any solar tech.
E.ON (Germ.) started install of 150MW wind farm in IL, will be 14th farm they've built in US in last 3 yrs. Also building 1GW farm near London, to be world's largest and 3 farms offshore Germany with >1GW total.
EIA assessment of 48 shale gas basins in 32 countries puts recoverable NG @ 5,760TCF to add to world total ~22,000TCF. US reports 2,552TCF NG resources - 827TCF in shale. Barnett shale now prod. ~5.35bcfd, Haynesville 5.62.
Stocks near or at 12-month lows with great long-term potential: ALTI (new batts), AMSC (superconduction), AONE (new batts), APWR (Chinese alt E), ASTI (thin film solar), BCON (flywheel el storage), BWEN (wind infra), BYDDF (Chinese batts, EV's), COMV (el efficiency), CREE (LEDs), CSUN (Chinese PV sol), CSIQ (Chinese PV sol), DSTI (thin film solar), EFOI (LEDs), ITRI (smart grid), KNDI (Chinese EVs), NENED (solar on windows/kinetic E).
Friday, April 8, 2011
CLOSE
(stock #'s in %)
Market down 29/15/5. Volume Friday normal. Oil over $113.
AEGY up 33. FDEI up 30. WNEA up 25. SNRY, RNNM up 20. SSHO up 16. VSPC, EVSI up 12. CYBL, WNDT up 11. UBRG up 10 on 1Q prelim report. LSCG up 3. BCON up 1.
ICPR down 26. PVRE, MMMW down 25. TSPG down 23. PSRU down 22. RVBF down 21. VVIT down 18. ASOE down 12. CSOL down 10. ASTI down 4. AONE down 3.
Have a beautiful weekend pards.
Market down 29/15/5. Volume Friday normal. Oil over $113.
AEGY up 33. FDEI up 30. WNEA up 25. SNRY, RNNM up 20. SSHO up 16. VSPC, EVSI up 12. CYBL, WNDT up 11. UBRG up 10 on 1Q prelim report. LSCG up 3. BCON up 1.
ICPR down 26. PVRE, MMMW down 25. TSPG down 23. PSRU down 22. RVBF down 21. VVIT down 18. ASOE down 12. CSOL down 10. ASTI down 4. AONE down 3.
Have a beautiful weekend pards.
FRIDAY SHORT STUFF
I know. Go out and enjoy the day. Enjoy your family. I just wanted to post what I had.
US Senate rejected the effort to stop or limit the EPA's regulation of GHG emissions. 1 effort from the R's, 3 from D's. EPA declared in late '09 that GHGs are a threat to our health. We knew that back in the '60's. Our elders may have known it before that.
N. Sea drilling activity off 25% in 1Q11. A proposed higher tax. So, the industry crying out? Wah. Hopefully not a lack of drilling prospects.
Investment case for smart grid: $476B cost, $2T in benefits. That sounds like higher power bills. Possibly savings, though. I guess we shall see.
And, finally, indoor marijuana cultivation in US is a $5B/yr power bill. 7 large power plants worth. 20TWh/yr. But I must say it screws with the mind. And diminishes willpower. Appropriate for Friday I thought.
US Senate rejected the effort to stop or limit the EPA's regulation of GHG emissions. 1 effort from the R's, 3 from D's. EPA declared in late '09 that GHGs are a threat to our health. We knew that back in the '60's. Our elders may have known it before that.
N. Sea drilling activity off 25% in 1Q11. A proposed higher tax. So, the industry crying out? Wah. Hopefully not a lack of drilling prospects.
Investment case for smart grid: $476B cost, $2T in benefits. That sounds like higher power bills. Possibly savings, though. I guess we shall see.
And, finally, indoor marijuana cultivation in US is a $5B/yr power bill. 7 large power plants worth. 20TWh/yr. But I must say it screws with the mind. And diminishes willpower. Appropriate for Friday I thought.
OPEN
(stock #'s in %)
Market flat. Volume light. Oil over $111.
TSPG down 46 after yesterday's jump. ICPR down 44. CSOL down 10. NENED down 9.
SNRY up 37. WNEA up 29. FDEI up 21. VVIT up 20. AFPW up 15. LSCG up 9.
Market flat. Volume light. Oil over $111.
TSPG down 46 after yesterday's jump. ICPR down 44. CSOL down 10. NENED down 9.
SNRY up 37. WNEA up 29. FDEI up 21. VVIT up 20. AFPW up 15. LSCG up 9.
Thursday, April 7, 2011
CLOSE
(stock #'s in %)
Market down 17/3/2. Volume normal. Oil over $110. The new JP quake was the "crash" catalyst in the morning. And a vetoable House one-week continuing resolution with budget cuts. Come on.
And the usual craziness. TSPG up 136 on news. RNNM up 83. PVRE up 37. NPWZ, PSRU, IFXY up 28. AMLM up 16. CCGI up 15. PSUD up 14. NENED, CYBL up 12. UBRG up 5 more for some less craziness.
WBRE down 33. SNRY down 32. WNDT down 18. QTWW down 16. New 12-month low. WTWO down 12. LSCG down 11. Under $3. Tangling up with 200-day lines. BCON down 5, new 12-month low. AONE also new low.
Market down 17/3/2. Volume normal. Oil over $110. The new JP quake was the "crash" catalyst in the morning. And a vetoable House one-week continuing resolution with budget cuts. Come on.
And the usual craziness. TSPG up 136 on news. RNNM up 83. PVRE up 37. NPWZ, PSRU, IFXY up 28. AMLM up 16. CCGI up 15. PSUD up 14. NENED, CYBL up 12. UBRG up 5 more for some less craziness.
WBRE down 33. SNRY down 32. WNDT down 18. QTWW down 16. New 12-month low. WTWO down 12. LSCG down 11. Under $3. Tangling up with 200-day lines. BCON down 5, new 12-month low. AONE also new low.
STUFF
Refresher: avg bl of oil -> 42% gasoline, 20% diesel fuel, 9% jet fuel, 4.5% heating oil, 20% other. I know, it never adds up.
BP to invest $2B in "alternate" E in '11.
800 offshore drilling units operating worldwide. Up 5% on year. 1/4 global oil production comes from 20 fields, nearly all past peak. 50% more from ~110 fields. The rest ~70k fields. Discoveries peaked in '64.
Big news of day: GE to build largest solar panel factory in US. Up by '13. And completed acquisition of Prime Star Solar (the tech). $600M for 400MW capacity of CdTe thin-film solar (FSLR's tech). They say global solar demand to grow by 75GW over next 5 yrs. Their panels 12.8% efficient. FSLR's goal is to reach 12.5% next yr. 1% efficiency increase = 10% cost redux. They also announced >100Mw of new orders for the thin-film products (including inverters). Next news will be where they will build the plant.
EIA: NG stocks dropped 45bcf last week. 49-53 expected and the price drops 2%. US used record 2.87tcf in Jan. Last week's supply 1.58tcf, above 5-yr avg. Who remembers that 2-3 years ago DOE said we had 10 yrs of NG supply left? May delivery @ $4.08/1kcf.
House R's pushing "New Alternative Transportation to Give Americans Solutions" bill. How about just "The NG Bill". Jeeze leweeze. They play like we're all idiots outside their playground. It says "120-year NG supply". At what use rate? Oops. What the hay, let's just throw out a figure. Bill expected to pass in summer. What's in it? How much money? Um, didn't say. Fine. Get it done.
Clean E now a Ryan budget plan target. He wants drastic cuts in E R&D and elimination of clean E subsidies and tax breaks. Asked about the same for oil/gas/coal industries on Fox News Sunday and answered obliquely dumb. Oops. Talking all of $7B on R&D. What the frack is their problem with clean energy?!
Trio of hydro power measures meandering through the Senate. Interior/DOE announced $26M for hydro R&D. Oak Ridge Lab: adding pwr gen to existing dams would give us 12GW new pwr. Low fruit 3Gw from 10 dams. 3% of US' 80k dams currently gen el. Dam.
CPST recently got an order for LNG microturbines for a seagoing tanker for main power supply and some propulsion. Better than the dam coal oil ships burn.
PWER lowered their guidance. Up 1% today.
Japan utilities to increase LNG demand 10% for 3-4 yrs. TEPCO: 3.2GW thermal pwr cap of 8.5 restored as of today. 9GW spare gas-fired cap at TEPCO, Tohuku. 10 gas-fired turbines being shipped in by GE. At least the radioactive water dump into the ocean was stopped. I buy wild-caught salmon from China. But, O, no place now to store the 11k tons of radioactive water. Are we getting all the nuke experts to work on this or not?!
IEA: Clean E progress report. Fossil fuels getting $312B in subsidies v. $57B for clean E. I presume that's every year. Maybe 10 years, they didn't clarify. Coal has filled 47% of new elgen in past decade. 5 C-capture projects are operational. 100 needed by '20, 3k by '50 to keep warming to 2 degrees Celsius by 2100. 70 in planning on $25B funding. Wind went from 17GW a decade ago to 194 now. Solar needs to grow 22%/yr, wind 17% to halve CO2 emissions by '50. Biofuels are 3% of global roadfuel use. And 66 nukes under construction, to be 60GW online by '15 (before Fuku). Finally, China bought 1B lightbulbs in '07. Rest of world 1.5.
The 1M bl tanker did leave Tobruk, Libya Wednesday. Qatar will sell the oil on behalf of the rebs. But looks like Kadaffy forces have damaged the oilfields/pipelines feeding into Tobruk. The fracking idiot/son of a bitch.
And US biodiesel producers are lashing back at EC's expansion of tariffs. More later.
Happy trails.
BP to invest $2B in "alternate" E in '11.
800 offshore drilling units operating worldwide. Up 5% on year. 1/4 global oil production comes from 20 fields, nearly all past peak. 50% more from ~110 fields. The rest ~70k fields. Discoveries peaked in '64.
Big news of day: GE to build largest solar panel factory in US. Up by '13. And completed acquisition of Prime Star Solar (the tech). $600M for 400MW capacity of CdTe thin-film solar (FSLR's tech). They say global solar demand to grow by 75GW over next 5 yrs. Their panels 12.8% efficient. FSLR's goal is to reach 12.5% next yr. 1% efficiency increase = 10% cost redux. They also announced >100Mw of new orders for the thin-film products (including inverters). Next news will be where they will build the plant.
EIA: NG stocks dropped 45bcf last week. 49-53 expected and the price drops 2%. US used record 2.87tcf in Jan. Last week's supply 1.58tcf, above 5-yr avg. Who remembers that 2-3 years ago DOE said we had 10 yrs of NG supply left? May delivery @ $4.08/1kcf.
House R's pushing "New Alternative Transportation to Give Americans Solutions" bill. How about just "The NG Bill". Jeeze leweeze. They play like we're all idiots outside their playground. It says "120-year NG supply". At what use rate? Oops. What the hay, let's just throw out a figure. Bill expected to pass in summer. What's in it? How much money? Um, didn't say. Fine. Get it done.
Clean E now a Ryan budget plan target. He wants drastic cuts in E R&D and elimination of clean E subsidies and tax breaks. Asked about the same for oil/gas/coal industries on Fox News Sunday and answered obliquely dumb. Oops. Talking all of $7B on R&D. What the frack is their problem with clean energy?!
Trio of hydro power measures meandering through the Senate. Interior/DOE announced $26M for hydro R&D. Oak Ridge Lab: adding pwr gen to existing dams would give us 12GW new pwr. Low fruit 3Gw from 10 dams. 3% of US' 80k dams currently gen el. Dam.
CPST recently got an order for LNG microturbines for a seagoing tanker for main power supply and some propulsion. Better than the dam coal oil ships burn.
PWER lowered their guidance. Up 1% today.
Japan utilities to increase LNG demand 10% for 3-4 yrs. TEPCO: 3.2GW thermal pwr cap of 8.5 restored as of today. 9GW spare gas-fired cap at TEPCO, Tohuku. 10 gas-fired turbines being shipped in by GE. At least the radioactive water dump into the ocean was stopped. I buy wild-caught salmon from China. But, O, no place now to store the 11k tons of radioactive water. Are we getting all the nuke experts to work on this or not?!
IEA: Clean E progress report. Fossil fuels getting $312B in subsidies v. $57B for clean E. I presume that's every year. Maybe 10 years, they didn't clarify. Coal has filled 47% of new elgen in past decade. 5 C-capture projects are operational. 100 needed by '20, 3k by '50 to keep warming to 2 degrees Celsius by 2100. 70 in planning on $25B funding. Wind went from 17GW a decade ago to 194 now. Solar needs to grow 22%/yr, wind 17% to halve CO2 emissions by '50. Biofuels are 3% of global roadfuel use. And 66 nukes under construction, to be 60GW online by '15 (before Fuku). Finally, China bought 1B lightbulbs in '07. Rest of world 1.5.
The 1M bl tanker did leave Tobruk, Libya Wednesday. Qatar will sell the oil on behalf of the rebs. But looks like Kadaffy forces have damaged the oilfields/pipelines feeding into Tobruk. The fracking idiot/son of a bitch.
And US biodiesel producers are lashing back at EC's expansion of tariffs. More later.
Happy trails.
OPEN
(stock #'s in %)
Market down 80/12/6. Volume a little light but picking up. Oil over $109. Brent hit $122 Tuesday. Portugal bailout over $100B. And shutdown negotiations.
Not much moving. IFXY up 28 on news they're cutting their stock level. NPWZ up 14. WNEA, SNRY up 12.
LSCG down 10. Dipped under $3.
Market down 80/12/6. Volume a little light but picking up. Oil over $109. Brent hit $122 Tuesday. Portugal bailout over $100B. And shutdown negotiations.
Not much moving. IFXY up 28 on news they're cutting their stock level. NPWZ up 14. WNEA, SNRY up 12.
LSCG down 10. Dipped under $3.
Wednesday, April 6, 2011
STUFF
85M bls oil traded daily. Pretty much the world's daily use. Oil up ~18% on year, unleaded gas ~ 30%. Hm. EIA reported last week worldwide cost to find/lift oil out of the ground ~$30/bl. You do the math. $7/bl in mideast to $41 in GOM.
AT&T, Pepsi, UPS, FedEx, Verizon are charter members of National Clean Fleets Partnership, national effort to reduce diesel, gas use with greener fleets. They have ~275k vehicles. Fed gov has doubled their # of clean V's and profess will be fully clean in next few years. The charter members to put 20k advanced tech vehicles on our roads to save 7M gallons/yr which is ~3.5M bls. DHL joining. Eaton developing hybrid trucks. Enviro Defense Fund partnering up to green up medium-duty trux. In '09, Rocky Mt. Institute partnered up with truck industry to launch N. Am. Council for Freight Efficiency to double efficiency. "No silver bullets. We have to do everything we can."
Rogers (Duke) believes national clean E standard efforts were derailed by Fukushima. But he likes the pebble bed tech in China and investment in new tech. While we get Republican attacks on Clean Air Act, for Godssakes, and EPA. And, o by the by, the Repub's idea of cap and trade is now hated by them. Much like the budget deficits they gave us after '00. Go Republicans. You go.
NREL chief about clean E objectives: 1, separate transportation and generation energy issues; 2, new buildings will lead, building tech the low fruit; 3, don't dismiss hydrogen fuel cell vehicles; 4, if we lose 2nd gen solar to China, we may lose the race and 5, we have to get serious.
"There's a gap in fundamental scientific understanding of electrochem that controls efficiency of how el is converted and stored. We must understand relationship between C and active elchem materials in batts, FC's, capacitors and air." Quotes from the guy who developed first lithium batt while with Exxon in '70's. Whittingham. Exxon dropped that ball (go figure). Sony picked it up. "We have to pull out the batt cookbook again."
VC funding followup: 1, 93% of bucks went into follow-on rounds; 2, no one tracking new money into cleantech (bottom line - very tough enviro for new entrepreneurs); 3, corp investors getting more involved.
Back to Rogers: Congress had ample opportunity to pass cap and trade, a cheaper way to regulate C emissions. Bush 1 promoted, passed cap/trade for SOx, NOx that worked great. Now C&T is demonized by (R's) because of disbelief of the science behind global warming. (26% of Americans at times haven't believed we landed on the moon). Rogers likes modular nukes, and that they will be cost competitive with large nuke by '30. And "by '50, nuke trumps solar which trumps wind."
In '73, avg vehicle in US got 12 mpg. By '85 almost 20. Then CAFE standards were relaxed. Now a push for 35.
$1.40/w solar panel prices coming this year, $1.25 in '12.
Happy trails.
AT&T, Pepsi, UPS, FedEx, Verizon are charter members of National Clean Fleets Partnership, national effort to reduce diesel, gas use with greener fleets. They have ~275k vehicles. Fed gov has doubled their # of clean V's and profess will be fully clean in next few years. The charter members to put 20k advanced tech vehicles on our roads to save 7M gallons/yr which is ~3.5M bls. DHL joining. Eaton developing hybrid trucks. Enviro Defense Fund partnering up to green up medium-duty trux. In '09, Rocky Mt. Institute partnered up with truck industry to launch N. Am. Council for Freight Efficiency to double efficiency. "No silver bullets. We have to do everything we can."
Rogers (Duke) believes national clean E standard efforts were derailed by Fukushima. But he likes the pebble bed tech in China and investment in new tech. While we get Republican attacks on Clean Air Act, for Godssakes, and EPA. And, o by the by, the Repub's idea of cap and trade is now hated by them. Much like the budget deficits they gave us after '00. Go Republicans. You go.
NREL chief about clean E objectives: 1, separate transportation and generation energy issues; 2, new buildings will lead, building tech the low fruit; 3, don't dismiss hydrogen fuel cell vehicles; 4, if we lose 2nd gen solar to China, we may lose the race and 5, we have to get serious.
"There's a gap in fundamental scientific understanding of electrochem that controls efficiency of how el is converted and stored. We must understand relationship between C and active elchem materials in batts, FC's, capacitors and air." Quotes from the guy who developed first lithium batt while with Exxon in '70's. Whittingham. Exxon dropped that ball (go figure). Sony picked it up. "We have to pull out the batt cookbook again."
VC funding followup: 1, 93% of bucks went into follow-on rounds; 2, no one tracking new money into cleantech (bottom line - very tough enviro for new entrepreneurs); 3, corp investors getting more involved.
Back to Rogers: Congress had ample opportunity to pass cap and trade, a cheaper way to regulate C emissions. Bush 1 promoted, passed cap/trade for SOx, NOx that worked great. Now C&T is demonized by (R's) because of disbelief of the science behind global warming. (26% of Americans at times haven't believed we landed on the moon). Rogers likes modular nukes, and that they will be cost competitive with large nuke by '30. And "by '50, nuke trumps solar which trumps wind."
In '73, avg vehicle in US got 12 mpg. By '85 almost 20. Then CAFE standards were relaxed. Now a push for 35.
$1.40/w solar panel prices coming this year, $1.25 in '12.
Happy trails.
CLOSE
(stock #'s in %)
Mart up 38/8/2. Volume picked up to normal. Oil up some cents. Stocks higher on Euro bank plans it was said.
WBRE up 50. ABAT up 19. PSRU up 16. CRGE up 15. WTWO up 13. WPRT up 6, it's 12-month high. JASO up 3. A Chinese solar. UBRG up 8.
AMSC down 41. RNNM down 40. AEGY down 22. CYBL, LEOM down 20. NPWZ down 17. SNRY down 14. MDTL down 13. LSCG down 9. Gave you heads up early. They hit $3.04. OOIL down 7. WNDT down 4 on good news. EFOI down 4 more. PWER down 3. AONE, ASTI down 2.
Mart up 38/8/2. Volume picked up to normal. Oil up some cents. Stocks higher on Euro bank plans it was said.
WBRE up 50. ABAT up 19. PSRU up 16. CRGE up 15. WTWO up 13. WPRT up 6, it's 12-month high. JASO up 3. A Chinese solar. UBRG up 8.
AMSC down 41. RNNM down 40. AEGY down 22. CYBL, LEOM down 20. NPWZ down 17. SNRY down 14. MDTL down 13. LSCG down 9. Gave you heads up early. They hit $3.04. OOIL down 7. WNDT down 4 on good news. EFOI down 4 more. PWER down 3. AONE, ASTI down 2.
OPEN
(stock #'s in %)
Market up 45/14/3. Volume a little light. Oil steady over $108. Libyan rebs may have been pushed away from loading that tanker. NATO getting blame. And we face a government "shutdown". I still don't forgive Republicans for taking us off a surplus budget that was paying back on the $5T debt we had then in '00.
AMSC down 48. Their main customer - China's Sinovel - cancelled out on them. I figure Sinovel reverse engineered AMSC tech and found comps in China to make it cheaper. Cuts AMSC revs in half and will give them losses for who knows how long. Sad. One of the best techs I know of. El with no resistance.
LSCG down 6 more. Getting down to their 200-day lines.
GAZU up 70. WBRE up 50. ABAT up 14. They finally answered the charges leveled at them last week, but new charge made. CCGI up 13. WNEA up 12. NACF, UTOG up 10.
Market up 45/14/3. Volume a little light. Oil steady over $108. Libyan rebs may have been pushed away from loading that tanker. NATO getting blame. And we face a government "shutdown". I still don't forgive Republicans for taking us off a surplus budget that was paying back on the $5T debt we had then in '00.
AMSC down 48. Their main customer - China's Sinovel - cancelled out on them. I figure Sinovel reverse engineered AMSC tech and found comps in China to make it cheaper. Cuts AMSC revs in half and will give them losses for who knows how long. Sad. One of the best techs I know of. El with no resistance.
LSCG down 6 more. Getting down to their 200-day lines.
GAZU up 70. WBRE up 50. ABAT up 14. They finally answered the charges leveled at them last week, but new charge made. CCGI up 13. WNEA up 12. NACF, UTOG up 10.
Tuesday, April 5, 2011
CLOSE
(stock #'s in %)
I say that was a flat market on normal volume. Not bad news, all in all.
There's money to be made or lost every day. Look at NEWN's revs and profit. Albeit a China company. WBRE down 33. GWSC down 26. Are these real companies doing something or just stock plays? PVRE down 22. AFPW down 18. Are the big energy giants trying to destroy any company/technology that gives them competition? And UBRG down 12. That's where I just throw up my hands and ask why.
But RNNM was up 33. CYBL, GAZU up 25. PSRU up 20. WNDT up 15. PSPW up 11. ECOS, WTWO up 10. XSNX up 4.
I say that was a flat market on normal volume. Not bad news, all in all.
There's money to be made or lost every day. Look at NEWN's revs and profit. Albeit a China company. WBRE down 33. GWSC down 26. Are these real companies doing something or just stock plays? PVRE down 22. AFPW down 18. Are the big energy giants trying to destroy any company/technology that gives them competition? And UBRG down 12. That's where I just throw up my hands and ask why.
But RNNM was up 33. CYBL, GAZU up 25. PSRU up 20. WNDT up 15. PSPW up 11. ECOS, WTWO up 10. XSNX up 4.
STUFF
'10 railcar loadings up 7.3%, largest % increase since the data started ('88). More from rail being more economical than trucks than the economy improving, my thought on it. Talk about hard to find numbers. I unloaded a bunch of railcars myself back in '78 I think. Yea '78. Ballast gravel for the new railyard we were building. Sledgehammer to open up the railcar doors. $9/hr.
China - always China in'it? - may double their '15 target for solar capacity to 10GW. Go China.
Ethiopia - wow, there's a country always hogging the news - started construction on the biggest hydro project to ever hit the Nile. Or Africa. A 4-yr build of 5.25GW for $4.7B.
Is this report from Italy the real deal? Jan 14 public demo in Bologna (that might be a clue) of a desktop-size reactor that produced 11kw of power. Fueled by nickel powder and H. And alchemy? Gram of nickel generates 2mwh. Okey dokey. I truly hope it's true. The box in the device now being mass produced in FL for Oct. delivery to licensee in Greece. 100 units will be connected to make a 1MW demo plant. I say Godspeed.
A major NG find off west coast of Australia by Apache at 13k feet under 1k feet water. Go Apache.
Libyan rebs are hopefully loading the Greek 1M bl tanker tonight (their time) with their oil. Qatar the possible buyer. Up to 3M bls in storage at the port. And reportedly some wells in rebs' control still producing.
Near-record Q for US VC investments in clean E for 1Q11. 115 deals, $2.6B. 3Q08 $2.8B the tops. '10 total $3.7B. World was $7.8B. Biggest deals: Bright Source E $200M for CSP tech/deploy; Fisker Auto $150M for EV production; and Plasco E Grp $145M for muni waste to E tech.
And those are our happy trails pards.
China - always China in'it? - may double their '15 target for solar capacity to 10GW. Go China.
Ethiopia - wow, there's a country always hogging the news - started construction on the biggest hydro project to ever hit the Nile. Or Africa. A 4-yr build of 5.25GW for $4.7B.
Is this report from Italy the real deal? Jan 14 public demo in Bologna (that might be a clue) of a desktop-size reactor that produced 11kw of power. Fueled by nickel powder and H. And alchemy? Gram of nickel generates 2mwh. Okey dokey. I truly hope it's true. The box in the device now being mass produced in FL for Oct. delivery to licensee in Greece. 100 units will be connected to make a 1MW demo plant. I say Godspeed.
A major NG find off west coast of Australia by Apache at 13k feet under 1k feet water. Go Apache.
Libyan rebs are hopefully loading the Greek 1M bl tanker tonight (their time) with their oil. Qatar the possible buyer. Up to 3M bls in storage at the port. And reportedly some wells in rebs' control still producing.
Near-record Q for US VC investments in clean E for 1Q11. 115 deals, $2.6B. 3Q08 $2.8B the tops. '10 total $3.7B. World was $7.8B. Biggest deals: Bright Source E $200M for CSP tech/deploy; Fisker Auto $150M for EV production; and Plasco E Grp $145M for muni waste to E tech.
And those are our happy trails pards.
OPEN
(stock #'s in %)
Dow down 18, the other 2 flat. Volume normal. Oil under $108. Portugal gets another downgrade and China raised interest rates again.
AEBF down 23. LEDS down 16 on Q/Yr report. AWNE down 14. BFRE, MDTL down 13. EFOI down another 4.
WNEA up 14. CYBL up 12. IFXY up 11. ASTI up 10.
Dow down 18, the other 2 flat. Volume normal. Oil under $108. Portugal gets another downgrade and China raised interest rates again.
AEBF down 23. LEDS down 16 on Q/Yr report. AWNE down 14. BFRE, MDTL down 13. EFOI down another 4.
WNEA up 14. CYBL up 12. IFXY up 11. ASTI up 10.
Monday, April 4, 2011
STUFF
DOE: average operations/maintenance costs for wind power is ~2.5 cents/kwh.
Glacial melt in Patagonia has sped up drastically in recent decades by at least a factor of 10: new research findings. Sea level now rising ~ 1 foot/century. Most scientists expect the rate to accelerate in coming decades.
Vestas unveiled their new 7MW offshore wind turbine. 190-yard rotor diameter. Prototype to be ready next yr, production start in '15. Siemens expected to start production on their new 6MW direct-drive turb in '14. Vestas sticking with gears.
Schneider El to buy VA-based Lee Tech (designs, maintains, optimizes data centers). '10 revs $140M. Datacenters ~ 2% US el use, but some utilities capping the power they can buy. Last week, Schneider bought an Indian comp that specializind in cabling for $112M and a consulting and E mgmt firm a few days earlier for $268M. And 2 bldg mgmt startups in France in Dec.
Coal prices hit all-time high last week of $130/ton on the backs of Japan's E needs to replace the nukes, increased demand from India and coal mine damages from Australia's flood.
Goldman Sachs forecasting corn reaching $8.60 in coming months. Some analysts talking of running out of corn stocks prior to next harvest.
IEA: OPEC will reap $1T in export revs this year for 1st time if crude stays abv $100.
New oil/gas strike in Barents Sea may be Norway's biggest discovery in 10 yrs. Up to 250M bls.
Mex oil exports dropped >14% in Feb to 1.23mbpd.
And over 2/3 of offshore leases in Gulf of Mex are idle: Interior Dept. Potentially 11B bls/50tcf. And 45% of onshore oil/gas leases inactive. Saving the last of our stash until oil hits $200?
Glacial melt in Patagonia has sped up drastically in recent decades by at least a factor of 10: new research findings. Sea level now rising ~ 1 foot/century. Most scientists expect the rate to accelerate in coming decades.
Vestas unveiled their new 7MW offshore wind turbine. 190-yard rotor diameter. Prototype to be ready next yr, production start in '15. Siemens expected to start production on their new 6MW direct-drive turb in '14. Vestas sticking with gears.
Schneider El to buy VA-based Lee Tech (designs, maintains, optimizes data centers). '10 revs $140M. Datacenters ~ 2% US el use, but some utilities capping the power they can buy. Last week, Schneider bought an Indian comp that specializind in cabling for $112M and a consulting and E mgmt firm a few days earlier for $268M. And 2 bldg mgmt startups in France in Dec.
Coal prices hit all-time high last week of $130/ton on the backs of Japan's E needs to replace the nukes, increased demand from India and coal mine damages from Australia's flood.
Goldman Sachs forecasting corn reaching $8.60 in coming months. Some analysts talking of running out of corn stocks prior to next harvest.
IEA: OPEC will reap $1T in export revs this year for 1st time if crude stays abv $100.
New oil/gas strike in Barents Sea may be Norway's biggest discovery in 10 yrs. Up to 250M bls.
Mex oil exports dropped >14% in Feb to 1.23mbpd.
And over 2/3 of offshore leases in Gulf of Mex are idle: Interior Dept. Potentially 11B bls/50tcf. And 45% of onshore oil/gas leases inactive. Saving the last of our stash until oil hits $200?
CLOSE
(stock #'s in %)
Dow up 23, the other 2 flat. Volume extremely light. Oil still climbing. Acquisitions still picking at the mountain of corp cash.
The usual suspects here. WNDT up 29. 2-day near double, now over 50-day lines. SNRY, MDTL up 15. NACF up 10.
CYBL down 33. CSKH, ASTI down 21. In ASTI's case, a new 12-month low. May be a quick rebound play tomorrow if it extends this dive. WTWO down 20. CSOL down 16. AWNE, WNEA down 12. RNNM down 11. PLUG, NPWZ down 10. And EFOI down another 3.
Dow up 23, the other 2 flat. Volume extremely light. Oil still climbing. Acquisitions still picking at the mountain of corp cash.
The usual suspects here. WNDT up 29. 2-day near double, now over 50-day lines. SNRY, MDTL up 15. NACF up 10.
CYBL down 33. CSKH, ASTI down 21. In ASTI's case, a new 12-month low. May be a quick rebound play tomorrow if it extends this dive. WTWO down 20. CSOL down 16. AWNE, WNEA down 12. RNNM down 11. PLUG, NPWZ down 10. And EFOI down another 3.
OPEN
(stock #'s in %)
Market mixed. Volume very light. Oil over $108.
RNNM up 17. SNRY up 11. IFXY up 10. WPRT up 10, another new high. CLNE up 5.
CYBL down 33. CSKH down 21. LEOM down 18. NGBF down 11. NPWZ down 5 more. EFOI down 2 more. APWR down 2, new low.
Market mixed. Volume very light. Oil over $108.
RNNM up 17. SNRY up 11. IFXY up 10. WPRT up 10, another new high. CLNE up 5.
CYBL down 33. CSKH down 21. LEOM down 18. NGBF down 11. NPWZ down 5 more. EFOI down 2 more. APWR down 2, new low.
Friday, April 1, 2011
STUFF
ENA - Enova Systems - up 66% yesterday after reporting 152% rev increase to $3.7M for the latest Q. Wow, A? All of 3.7. But they make hybrid vehicle drive systems and announced a partnership with LG Chem. But no profit and no profit on the horizon. Typical startup story.
EFOI and NEXS just need a few big contracts to take off. EFOI's new tech being used by Navy to go commercial in '12 and sales expected to pick up 2Q11.
Morgan Stanley sees EV's competitive in 10 years. Their $135 target for TSLA based on EV market share of 7% by '20, 21% by '25.
Atlantic Wind Connection asked Interior's Bureau of Ocean Energy Management to add 1 more GW to the 6 proposed for the offshore wind "transmission backbone" and a grid connect into NYC. Regional grid - PJM - covers 13 states and has yet to take state RPS's into account. FERC may soon order a change on that. One study put "backbone" cost @ $3-5B. Cheaper than each windfarm connecting independently. Next step is for Interior to publish notice asking if others are interested in the right-of-ways.
New type of ICE promises striking fuel economy boost and reduced GHG's, of course. Achates Power, EcoMotors, Pinnacle Engines building variations on opposed piston engine. Space between opposing pistons forms the combustion chamber. Lighter, cheaper, greater power density. Less E wasted as heat. Used in ships and WW2 fighter planes. Considered too expensive, impractical for autos. Yea right. They can run on variety of fuels w/out performance loss. Up to 30% more efficient. You know, it's been 50 years since we've heard a "before this decade is out..." speech. It seems about time.
Berkeley Earth Surface Temp Study: rise of .7 degrees Celsius since '57. 1957. Remember Ike? "Similar" to findings by NASA, NOAA and UK's Hadley.
An MIT professor called for accelerated transfer of spent nuke rods from storage at plants to concrete and steel casks. Fed gov should create regional storage until a better solution arises. We already wasted $10B on Yucca. Spent fuel pools now covered with sheet metal roofs for Godssakes. You can't make this stuff up. O, but cask storage is expensive. Well, hell folks, let's just stick with coal if that's how much our utilities care about our lives.
1GW grid between UK and Holland went live today. National Grid and TenneT brought the 500M pound sterling project in on time and on budget. Helps manage intermittent clean elgen.
I think I edited out all the April Fools jokes. Happy trails, pards.
EFOI and NEXS just need a few big contracts to take off. EFOI's new tech being used by Navy to go commercial in '12 and sales expected to pick up 2Q11.
Morgan Stanley sees EV's competitive in 10 years. Their $135 target for TSLA based on EV market share of 7% by '20, 21% by '25.
Atlantic Wind Connection asked Interior's Bureau of Ocean Energy Management to add 1 more GW to the 6 proposed for the offshore wind "transmission backbone" and a grid connect into NYC. Regional grid - PJM - covers 13 states and has yet to take state RPS's into account. FERC may soon order a change on that. One study put "backbone" cost @ $3-5B. Cheaper than each windfarm connecting independently. Next step is for Interior to publish notice asking if others are interested in the right-of-ways.
New type of ICE promises striking fuel economy boost and reduced GHG's, of course. Achates Power, EcoMotors, Pinnacle Engines building variations on opposed piston engine. Space between opposing pistons forms the combustion chamber. Lighter, cheaper, greater power density. Less E wasted as heat. Used in ships and WW2 fighter planes. Considered too expensive, impractical for autos. Yea right. They can run on variety of fuels w/out performance loss. Up to 30% more efficient. You know, it's been 50 years since we've heard a "before this decade is out..." speech. It seems about time.
Berkeley Earth Surface Temp Study: rise of .7 degrees Celsius since '57. 1957. Remember Ike? "Similar" to findings by NASA, NOAA and UK's Hadley.
An MIT professor called for accelerated transfer of spent nuke rods from storage at plants to concrete and steel casks. Fed gov should create regional storage until a better solution arises. We already wasted $10B on Yucca. Spent fuel pools now covered with sheet metal roofs for Godssakes. You can't make this stuff up. O, but cask storage is expensive. Well, hell folks, let's just stick with coal if that's how much our utilities care about our lives.
1GW grid between UK and Holland went live today. National Grid and TenneT brought the 500M pound sterling project in on time and on budget. Helps manage intermittent clean elgen.
I think I edited out all the April Fools jokes. Happy trails, pards.
CLOSE
(stock #'s in %)
Market up (what else?) 56/8/6. Volume a little on the heavy side for a Friday. Dow hit new year high and came back some. Oil up over $108.
AQNM up 70. PVRE up 30. LEOM up 25. WNDT, FDEI up 21. VVIT up 20. TMEN up 18. WPNV up 17. AWNE up 14. SNRY up 12. NPWZ up 11. WPRT up 9.
ARSC down 50. FRBE down 38. ASTI down 23. CYBL down 14. EFOI, PSRU down 13. AVAV down 12.
Market up (what else?) 56/8/6. Volume a little on the heavy side for a Friday. Dow hit new year high and came back some. Oil up over $108.
AQNM up 70. PVRE up 30. LEOM up 25. WNDT, FDEI up 21. VVIT up 20. TMEN up 18. WPNV up 17. AWNE up 14. SNRY up 12. NPWZ up 11. WPRT up 9.
ARSC down 50. FRBE down 38. ASTI down 23. CYBL down 14. EFOI, PSRU down 13. AVAV down 12.
OPEN
(stock #'s in %)
Market up 77/13/8. Volume normal. Oil up over $107. Manufacturing up, near 7-year high. Inventory rebuild. Foreign banks tapped the Fed most at the crisis peak - secrets coming out. Libya: who knows. Fukushima: Tepco looking incompetent. Chernobyl reminder: radioactive wild boars in Germany.
LEOM up 25. 50-day lines. WNDT up 23, a bounce off its bottom. SNRY up 18. WPNV up 17. EVCA up 10. WPRT up 7, another new high.
PPRW down 33. FRBE down 25. ASTI down 20 on yesterday's news of cutting back rooftop installs and today the CEO resigned. FEWP down 15. EFOI down 10 after releasing year report after close yesterday. Guidance is pretty weak. Still a buy long term. AONE down 3, a new low. JASO down 3 on downgrade.
Market up 77/13/8. Volume normal. Oil up over $107. Manufacturing up, near 7-year high. Inventory rebuild. Foreign banks tapped the Fed most at the crisis peak - secrets coming out. Libya: who knows. Fukushima: Tepco looking incompetent. Chernobyl reminder: radioactive wild boars in Germany.
LEOM up 25. 50-day lines. WNDT up 23, a bounce off its bottom. SNRY up 18. WPNV up 17. EVCA up 10. WPRT up 7, another new high.
PPRW down 33. FRBE down 25. ASTI down 20 on yesterday's news of cutting back rooftop installs and today the CEO resigned. FEWP down 15. EFOI down 10 after releasing year report after close yesterday. Guidance is pretty weak. Still a buy long term. AONE down 3, a new low. JASO down 3 on downgrade.
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