Global market for biofuels, wind power, solar power worth >$188B. By '20, est. $349B. Smart grid systems by '20 est. to be another $46B, EV's $250B, geothermal power $35B. Hydro, nuke numbers not given.
$44.6M in farm bill funding awarded for biodiesel.
White House announced independent review of DOE loan guarantee program.
US court requiring new regulatory review of Cape Wind.
Alaska gov considering shipping state's NG to western ports for conversion to LNG to ship to Asia. I think they have to build a pipeline first. Why not just to Anchorage area for conversion?
France's GDF Suez signed deal with China Investment Corp for minority stake in LNG plant in Trinadad and Tobago and another deal with CNOOC to work on planned LNG floating storage/regas projects in China.
Clean E/energy efficiency projects will be priority in spending from a E69B EU fund from '14-'20 for national/regional govts unable to afford projects on their own. E9B earmarked for transmission networks. EU current budget for networks E163M.
BP's Russian oil venture agreed to buy 45% stake in Amazon oil exploration blocks from Brazil comp for $1B. Possible 789M bls of oil equivalents.
Vestas gave earnings warning for 3Q, hinted further production difficulties could affect full year results.
IEA: demand for OPEC oil will be 500kb/d higher in '12 than pumped last month.
Libya oil output almost at 1/3 - 531kb/d - of prewar levels. Resumption of production moving quicker than expected. 1M to go. That should cover IEA concerns, unless they've already figured that in. Is Libya still in OPEC?
Petro China will supply 25% more NG in coming winter-spring than last year.
Monday, October 31, 2011
MONDAY CLOSE
(stock #'s in %)
Market down 276/52/31. Indeces back under top 200-day line. Volume normal. Oil stayed above $92. Spain economy flat in 3Q. Market was due for a selloff.
PPRW up 82 on news (I didn't read it). GCHT up 57. FEWP up 47. HEVV up 36. BIOF up 34. MMMW up 32. BFRE up 29. ASPW up 22. VSPC up 21. QTMM up 20. EFOI, ENZR up 11. PEIX up 10. VUOC up 5 on news their bulbs will be on Lowe's shelves soon.
CWET down 24. A give back on Friday's gains. CRGE down 19. GEVO down 14. KIOR down 12. GRHU down 11. ASYS, AONE, HSOL, UBRG down 9. ACPW, new low, JASO down 8. CSUN down 7. GTAT, CSIQ down 6. GTAT announced $48M Saudi order. NPWZ down 5. NENE down 4. Eye on - expecting a release soon on their kinetic energy system test (assuming good news).
The come and the go, pards. Onward and upward.
Market down 276/52/31. Indeces back under top 200-day line. Volume normal. Oil stayed above $92. Spain economy flat in 3Q. Market was due for a selloff.
PPRW up 82 on news (I didn't read it). GCHT up 57. FEWP up 47. HEVV up 36. BIOF up 34. MMMW up 32. BFRE up 29. ASPW up 22. VSPC up 21. QTMM up 20. EFOI, ENZR up 11. PEIX up 10. VUOC up 5 on news their bulbs will be on Lowe's shelves soon.
CWET down 24. A give back on Friday's gains. CRGE down 19. GEVO down 14. KIOR down 12. GRHU down 11. ASYS, AONE, HSOL, UBRG down 9. ACPW, new low, JASO down 8. CSUN down 7. GTAT, CSIQ down 6. GTAT announced $48M Saudi order. NPWZ down 5. NENE down 4. Eye on - expecting a release soon on their kinetic energy system test (assuming good news).
The come and the go, pards. Onward and upward.
MONDAY OPEN
(stock #'s in %)
Market down 131/26/15. Volume extremely light but most of Connecticut without power. Oil down under $92.
OECD lowered growth forecast for US, Europe. Says US will grow 1.7% this year, 1.8% next, down from previous 2.6% and 3.1%. Europe to grow 1.6% in '11, .3% in '12, down from 2% each year.
Chicago Purchasing Managers Index down to 58.4 in Oct v. 60.4 in Sept. 50 the line between contraction/expansion.
Ethanols still jumping. BIOF up another 31, over double in last 3 days. BFRE up 16 on financing/project news. PEIX up another 11.
QTMM up 20. SPOW up 19. ASPW up 16. CPWY up 15. HEVV up 13. DSTI up 11. NPWZ, MMMW up 10.
BCON bankrupt. Got $67M DOE loan guarantee. Down 72. CWET down 31. CRGE down 19. VNDB down 16. JUHL down 13.
UK plans 55% cut in solar subsidies. Merrill says sell FSLR, down 8. SPWRA also down 8. JASO, CSUN, HSOL down 7. CSIQ, GTAT down 4.
Market down 131/26/15. Volume extremely light but most of Connecticut without power. Oil down under $92.
OECD lowered growth forecast for US, Europe. Says US will grow 1.7% this year, 1.8% next, down from previous 2.6% and 3.1%. Europe to grow 1.6% in '11, .3% in '12, down from 2% each year.
Chicago Purchasing Managers Index down to 58.4 in Oct v. 60.4 in Sept. 50 the line between contraction/expansion.
Ethanols still jumping. BIOF up another 31, over double in last 3 days. BFRE up 16 on financing/project news. PEIX up another 11.
QTMM up 20. SPOW up 19. ASPW up 16. CPWY up 15. HEVV up 13. DSTI up 11. NPWZ, MMMW up 10.
BCON bankrupt. Got $67M DOE loan guarantee. Down 72. CWET down 31. CRGE down 19. VNDB down 16. JUHL down 13.
UK plans 55% cut in solar subsidies. Merrill says sell FSLR, down 8. SPWRA also down 8. JASO, CSUN, HSOL down 7. CSIQ, GTAT down 4.
Sunday, October 30, 2011
STUFF
Rossi 1MW cold fusion device was demonstrated in Italy to first customer. Came up with >400KW for >5hours. So went the report.
BP Wind Energy buying 350 GE turbines and 5-yr service agreement for US projects for '11-'12 development in PA, KA. ~$750M, 560MW.
$23M solar project in MA with $11.8M in state, fed subsidies will be using Chinese solar panels. AFL-CIO fighting. 4.5MW. Just rankles, doesn't it? Why aren't the subsidies dependent on US purchases? Well, there's that protectionism thing.
AES Wind turned on 98MW WV wind farm with 32MW of batt energy storage. Supplying PJM Interconnection, largest power market in world. GE turbines. AES has 1.9GW wind gen in operation globally, ~1.4GW in US.
Duke's new coal gasification plant in IN price tag now above $3B from original est. of $1.9B. Duke wants customers to pay for overrun. It will use ~1.5M tons of coal/yr, much mined in S. IN. 618MW. Bechtel, GE major contractors.
US wind industry installed >1.2GW in 3Q.
First Wind turned on 40MW wind farm in VT. Clipper Wind 2.5MW turbines.
GE supplying 9 2.75MW wind turbines for Scotland project. Commercial debut of this turbine in N. Europe. Install should be completed this year.
A US-based investment group secured power purchase agreement with Namibia to build 500MW PV solar plant near the capital. Could eventually add wind, grow to 1GW. Cost est. $1.6-2B. May break ground in Jan. Namibia now uses coal power, the coal from neighbors.
BP Wind Energy buying 350 GE turbines and 5-yr service agreement for US projects for '11-'12 development in PA, KA. ~$750M, 560MW.
$23M solar project in MA with $11.8M in state, fed subsidies will be using Chinese solar panels. AFL-CIO fighting. 4.5MW. Just rankles, doesn't it? Why aren't the subsidies dependent on US purchases? Well, there's that protectionism thing.
AES Wind turned on 98MW WV wind farm with 32MW of batt energy storage. Supplying PJM Interconnection, largest power market in world. GE turbines. AES has 1.9GW wind gen in operation globally, ~1.4GW in US.
Duke's new coal gasification plant in IN price tag now above $3B from original est. of $1.9B. Duke wants customers to pay for overrun. It will use ~1.5M tons of coal/yr, much mined in S. IN. 618MW. Bechtel, GE major contractors.
US wind industry installed >1.2GW in 3Q.
First Wind turned on 40MW wind farm in VT. Clipper Wind 2.5MW turbines.
GE supplying 9 2.75MW wind turbines for Scotland project. Commercial debut of this turbine in N. Europe. Install should be completed this year.
A US-based investment group secured power purchase agreement with Namibia to build 500MW PV solar plant near the capital. Could eventually add wind, grow to 1GW. Cost est. $1.6-2B. May break ground in Jan. Namibia now uses coal power, the coal from neighbors.
Saturday, October 29, 2011
STUFF
Record-breaking 89 disasters declared in US this year.
Suspicion that lethal salmon virus escaped from ocean farms into wild of Brit Columbia. Calls for moving farms inland or shutting them down.
1st of new gen of satellites (this one $1.5B) will chart climate change and warn of weather catastrophes.
Enough energy is wasted in Russia each year to power France.
Amazon tribal people invaded new Brazil dam site's worker camp under construction.
Romney - the Mitt - has now transformed to climate change skeptic. Human activity has nothing to do with the pollution that's changing our weather. Really.
TX terminal inked deal to export LNG.
Islamists won Tunisia vote.
BP spill last year might be factor in dolphin deaths in GOM: NOAA. I'm thinking it's also a factor in the decimation of the shrimp population.
Japan: weapons cited as reason to stick with nuke energy. Govt says no. How about the clean energy argument?
Climate change contributed to dry Meditteranean winters: study. What they meant was the dry winters are more evidence of climate change.
Malaysia launched world's biggest algae farm for biofuel.
Onward and upward, pards.
Suspicion that lethal salmon virus escaped from ocean farms into wild of Brit Columbia. Calls for moving farms inland or shutting them down.
1st of new gen of satellites (this one $1.5B) will chart climate change and warn of weather catastrophes.
Enough energy is wasted in Russia each year to power France.
Amazon tribal people invaded new Brazil dam site's worker camp under construction.
Romney - the Mitt - has now transformed to climate change skeptic. Human activity has nothing to do with the pollution that's changing our weather. Really.
TX terminal inked deal to export LNG.
Islamists won Tunisia vote.
BP spill last year might be factor in dolphin deaths in GOM: NOAA. I'm thinking it's also a factor in the decimation of the shrimp population.
Japan: weapons cited as reason to stick with nuke energy. Govt says no. How about the clean energy argument?
Climate change contributed to dry Meditteranean winters: study. What they meant was the dry winters are more evidence of climate change.
Malaysia launched world's biggest algae farm for biofuel.
Onward and upward, pards.
FRIDAY CLOSE
(stock #'s in %)
Dow up 22, Naz down 1. Volume a little heavy. Oil over $93.
BIOF up 54. May be start of move up. PBOF up 50. CWET up 45. DLYT up 32. KNDI, NPWZ up 17. CSKH up another 15. PEIX, WBRE up 13. STRI, MHTX, OESX up 11. HSOL, ZAAP up 10. DSTI up 9. EFOI up 8. PLUG up 7. CSIQ up 6. CSUN up 6, got 23MW solar module supply deal with German comp, all to be shipped 4Q. UBRG up 5.
GCHT down 50. CRGE down 20. BHWX down 18. SPOW down 13. AMLM, PPRW, PTOS down 12. NANO down 9. PWER missed top and bottom lines in 3Q and guided down. Closed flat.
Dow up 22, Naz down 1. Volume a little heavy. Oil over $93.
BIOF up 54. May be start of move up. PBOF up 50. CWET up 45. DLYT up 32. KNDI, NPWZ up 17. CSKH up another 15. PEIX, WBRE up 13. STRI, MHTX, OESX up 11. HSOL, ZAAP up 10. DSTI up 9. EFOI up 8. PLUG up 7. CSIQ up 6. CSUN up 6, got 23MW solar module supply deal with German comp, all to be shipped 4Q. UBRG up 5.
GCHT down 50. CRGE down 20. BHWX down 18. SPOW down 13. AMLM, PPRW, PTOS down 12. NANO down 9. PWER missed top and bottom lines in 3Q and guided down. Closed flat.
Friday, October 28, 2011
FRIDAY OPEN
(stock #'s in %)
Market almost dead zero flat. Volume light. Oil down to $93.
WTWO up 28. NPWZ up 17. RNNM up 10. CSIQ up 9. GTAT up 5.
WBRE down 28 more. 12 cents to 5 in 2 days. Crazy. HEV now HEVV, down 22. AMLM down 17. CREG down 10.
Market almost dead zero flat. Volume light. Oil down to $93.
WTWO up 28. NPWZ up 17. RNNM up 10. CSIQ up 9. GTAT up 5.
WBRE down 28 more. 12 cents to 5 in 2 days. Crazy. HEV now HEVV, down 22. AMLM down 17. CREG down 10.
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