Thursday, May 9, 2013

THURSDAY CLOSE

(stock #s in %)

Market down 22/4/6. Volume normal. Oil: WTI ~$96, Brent over $104. NG $3.96.

ENSL up 53. LEOM up 34. OPTT up 33. USEI up 28. TSLA up 23. XIDE up 23. BLDW up 23. AMEL up 21. CERE up 19. SWET up 18. CRCL up 18. HIIT up 17. CSKH up 15. WSGP up 14. BBLU up 14. QTMM up 14. LTBR up 13. GSFVF up 11. SZYM up 10. PSON up 8. ECTY up 4. NTCXF up 2.

CSGH down 44. CPWY down 40. WTWO down 33. SATCQ down 29. AMPD down 18. SENY down 16. ORYN down 15. VLNCQ down 15. AMLM down 14. GERS down 12. HOKU down 11. SOPW down 11. KIOR down 10. XSNX down 10. EFOI down 10. NENE down 8. ZAAp down 7. CERP down 6.

STUFFNESS

World Watch Institute: GHG emissions from ag (I'm presuming in US) up 13% from '90 to '10.

New advisory committee at DOI to focus on climate change.

TSLA 1st-ever profit in Q1, partly by selling Cal green credits.

Researchers found cleaner, cheaper way to make steel using el.

New research center to create custom forecasts to help utilities use clean power.

Energy efficient building codes make financial sense: experts.

Kinder Morgan withdrew bid to build coal terminal in OR.

Green global trade will lift nations out of poverty: UN report.

UK announced plans to upgrade grid, encourage clean/renewable power.

Brazil preparing for historic oil/gas lease sale.

Women filled near half of new energy jobs in Q1. (Didn't say if US or global.)

Youngstown OH voters rejected fracking ban.

Spill cap tested successfully in Gulf of Mex.

EC reportedly has decided to recommend duties on China solar panels. 37-68%, avg 47.6%. Prelim decision early June. Finalized in Dec.

PV solar wafer production forecast to grow 19% this year, passing 30Gw. Fell 15% in '12. Capacity utilization to stay under 60%. Prices stopped fall, but not going up.

Jury convicted nun, activists over nuke lab break-in.

Northern Iraq export oil pipeline bombed again.

Fracking removes 7B gal of water/year in just 4 states - ND, WY, MT, CO. (How sustainable is that?)

Cal Energy Commission adopted '13-'14 investment plan update to support green V's, alt fuels. $100M for projects. Matching funds requirements.

U of Illinois economists forecast Brazil ethanol exports to US to jump this year to 600M gal from 400M in '12. If true, 400M gal less of US ethanol needed this year, reducing corn demand 145M bushels.

66% of '12-'13 965M liters of biofuels supplied to UK market came from sustainable sources. 18% sourced from domestic feedstocks. Biofuels, on avg, reduced GHG emissions 66%, they say. ~55% ethanol, 39% biodiesel, 6% MTBE.

Shell moving ahead with developing ultra deep field in Gulf of Mex. 1st phase to produce 50Kb/d from 2 subsea wells. To be deepest wells in world. 6 more wells planned. 200 miles Swest of New Orleans. Est. 2B bls oil equiv.

Tritium (Australia) unveiled new EV charger. 80% charge in under 30 minutes. 10-min charge for 50km range. $1.5M grant from govt.

Since '09, DOE invested near $26B in clean/renewable energy. 2,308 permanent green jobs created. $11.25M each.

Emcore (NM) started $10M, 2Mw solar project at former landfill at Sandia. Comp's 1st project outside China. JV with Chinese comp. Half of panels concentrating solar with 30% efficiency. Multi-junction cells, magnifying lenses.

Nordic Investment Bank to lend $26M to Swede comp to build waste wood-to-power plant. Construction start late '14. 26Mw thermal, 7.5Mw powgen capacity. Energy from organic matter ~29% of total powgen in Sweden.

Yingli to supply 220Mw of PV modules to China Power Investment for 5 projects. Delivery this year.

Brazil got aps from 373 comps, orgs seeking $6.1B to research clean/renewable power, energy efficiency through govt program. ~4x program budget.

Turning air into liquid using surplus wind, solar could store power.

Infinia (Utah) raised $8.3M in private financing round for concentrating solar systems. Mirrored dishes focus sun on Stirling engines to produce power. Started 1.5Mw project at Toole Army Depot. Now have 3.5Kw dish systems. 7.5, 9Kw systems coming this year. Orders for 75Mw in Greece, 55Mw in Cyprus.

Unit of Mid American Energy plans to invest $1.9B for wind farms in Iowa. Up to 1Gw. MAE already has 2.28Gw of wind farms.

Prime Capital initiating EUR200-300M clean/renewable financing round.

EBRD backing Montenegro transmission line with EUR60M loan.

THURSDAY NOON

(stock #s in %)

Market flat, mixed. Volume normal. Oil: WTI under $96, Brent under $104. NG $3.98. UK industrial production up more than forecast.

BLDW up 60 on 500 shares. ENSL up 53, back to penny. OPTT up 36, off double bottom through 50-day lines, hit 200-days, came back, strong volume, no news seen. BFRE up 25 off bottom. TSLA up 24, a gap up, new high, Q1 1st profitable quarter, $95 target, huge volume, shorters getting spanked. CSKH up 23. CRCL up 18. WSGP up 14, another new high, up near 7x since April start, beware the dump side of pump and dump. NPWZ up 11. CERE up 10, day 3 up off bottom, near 50s. PSON up 9, up almost 50 since late April. NTCXF up 6, just over 50s. ECTY up 5, reversing slide off tops. CERP up 1.

CSGH down 44. ASIUF down 22. SENY down 20, back to 50s from near 200s. SATCQ down 18. NENE down 14, major drop off top. AMPD down 14, more sliding off early May top. ZAAP down 3, back into top lines.

Wednesday, May 8, 2013

WEDNESDAY CLOSE

(stock #s in %)

Market up 48/16/6. Volume slightly under normal. Oil: WTI over $96, Brent over $104. Spread still collapsing. NG $3.97.

VNDB up 100. PLUG up 54, day 1 over 50-day lines on crazy volume. SATCQ up 42. SENY up 38 off 50s to near bottom 200-day line. NGLPF up 36, over 50s. SYNM up 32, jump from 50s to just over 200s. CRCL up 26 off bottom. TSLA up 25 after close? GERS up 19. PSPW up 18 off bottom. GSPI up 12. EFOI up 11, traction. AONEQ up 10. IFXY up 10. CERP up 4. PSON up 3.

BLQNE down 50. BLDW down 37. BHWX down 36. CSKH down 27. CPWY down 22. MMMW down 21. LEOM down 17. USEI down 16. ECOS down 13. LMRMF down 12. BFRE, PRHL down 11. FTEK, ORYN, WWPW down 10. HIIT down 8. RVLT, LEDS down 6. XSNX down 4.

STUF

24K peoples a day dying of starvation around our world. Let's stop that. Mostly kids.

USDA funding efforts to cut GHG emissions from cattle, dairy farms. Cows fart methane. Gas bags.

Utica Shale area got new NG processing plant.

8 new E15 pumps in Wisc.

Canada announced over $82M for ecoEnergy Innovation Initiative for 55 projects. 15 will be demo projects, 40 R&D. Enerkem to get $2.9M to develop, demo system to convert muni solid waste into gas to produce heat, el. (Like we don't have that already.)

Rift growing between Renewable Fuels Ass and Advanced Biofuels Ass. RFA trying to get EPA to limit advanced biofuels quota to reduce Brazil ethanol imports. National Biodiesel Board onboard with ABA.

Renewable Energy Ass of UK accusing enviros of  "peddling pseudoscience". Groups including Friends of The Earth and Greenpeace sent letter to "The Times" expressing concerns that subsidies for el from biomass could cause 6x surge demand for UK forestry product.

Key Dem congressman says Obama caved on BLM fracking rules. (After T Bone Pickens said fracking 100% safe.)

Exxon developing massive Julia project in Gulf of Mex.

API accusing EPA of violating Clean Air Act procedure on gasoline rules.

Groups slamming fed "inaction plan" for bees protection. Urging chem ban.

Offshore wind farms could bolster dwindling North Sea lobster populations. (I'm guessing the wind turbine anchors.)

At least 20 dead in Mexico City NG explosion.

Arkansas oil pipeline spill raising public health concerns. (Exxon ain't getting out of that easy.)

Like US, China has lower than expected EV sales. (Where are all the greenies. Where do they all buy cars. Sung to Eleanor Rigby - Beatles.)

UN: trade in green products to triple by '20.

Goats replacing lawn mowers at O'Hare. (Do they do trim? Weeding? Fertilize?)

Hospitals inching toward greener cleaners. (Green laborers? Where are green peoples from?)

Louisiana state house OK'd phase out plan of solar energy tax credits. (OK, Louisiana, that's the way you want to be, huh?)

Brazil officials turning to fossil fuels for energy stability. (Push back from fossil peoples, you think?)

Tesla talk with Google over autopilot cars. (In the air, autopilots OK. Speaking from experience. On the ground I dont think so. Hire a dam driver, for Gods sake, if you have that much problem with driving.)

Researchers found process to turn NG into energy 70x faster. NC State U. 70x! ID'd new ox carrier that allows chem looping process to occur up to 70x faster while providing means to capture CO2 released. Carrier made from mixed ionic electronic conductor held within nano matrix of iron oxide that releases ox atoms faster, increasing rate of reaction. By products include water vapor, CO2. By condensing water vapor they found they can insolate, concentrate CO2 for capture.

SanFran Bay area having to choose power from Marin Clean Energy or PG&E. (Huh.)

Study suggests Greenland glacier melt may slow.

Edgeley Green Power got approval for 32Mw power plant with waste veg oil, animal fat feedstock. Cost ~ $31M. Online '15.

India plans to defer fines for solar thermal developers that failed to complete $1B of plants in time. 470Mw in 7 projects. Lack of water, equipment, finance.

Brazil's development bank to loan 150M BNDES for Granbio ethanol plant from cane waste. 22M gal/yr. Tech allows mills to produce 45% more fuel from bagasse. 1st plant built in Italy.

EIB approved 1st loan for Fed Dem Repub of Nepal  to build $72M hydropower plant. 140Mw. Loan covers 15% of total cost. Funds also from Asian Dev Bank, Japan Intl Coop Agency and Abu Dhabi Fund for Dev.

Mighty River Power to raise $1.4B from IPO.

US Army issued geothermal contracts in $7B drive.

Energiekontar unveiled plan for 225Mw Northumberland wind farm.

PNE Wind closed corp bond to private investors on Eur60M.

WEDNESDAY OPEN

(stock #s in %)

Market up 0/9/2. Volume normal. Oil: WTI over $96, Brent over $104. NG $3.96.

VLNCQ up 36 more, day 4 of surge, up 8x from bottom. PLUG up 34 on news of $6.5M investment and heavy volume, over 50-day lines. NGLPF up 19, on 50s. CRCL up 12. NENE up 5 more, another new high, near double from early April. PSON up 2. LEDS up 1, I would say get on board.

ENSL down 30. RVLT down 8, more profit taking, back to quadruple since Jan. ZAAP down 7, back under 50s to top 200-day line. WSGP down 4, string of new highs and triple since early April looks done. HIIT down 4, day 3 of profit taking, back to up 10x since July.

Tuesday, May 7, 2013

STUFF

Estimated 70K dead in Syria so far from 2 years of war. Not to mention the rape and torture. Just to remind everyone of what's happening. And Syria's not the only place it's happening, unfortunately. And the children will take their revenge on who's creating their and their families' hell. Unless they learn how to be better than that. Good luck with that.

Back to head in the sand. Or just keeping it down low.

McCarthy said EPA not considering national low-carbon fuel standard (would help diesel, biofuels industries).

Freshwater flows, sea ice melt increase acidification in Arctic waters.

Calif recommending $2.25B fine over PG&E NG pipeline explosion.

Brazil's 11.2Gw hydropower project on hold again with indigenous peoples' occupation of 1 of 3 construction sites.

Energy Watch Group - independent scientists - conclude global peak oil (max sustainable rate of global oil production) happened last year. Also say US NG production gone about as far as it can. Predict highest level of global fossil fuel production (oil, NG, coal) by end of decade. Oil production - crude plus condensate (what can be used for transportation fuels) - on plateau since ~'05. (I declared that in '04). Estimated 40% production decline by '30. Total world coal consumption was ~4B tons/yr in '00. Will rise to 8.5B by '20 then fall to 4.5B by '40. New "tight" shale oil production to only grow a few more years, peak by '17. US max production to occur in '15. Brief top of US NG production in '12-'14. Then sharp decline before end of decade. Much of "oil" production in new TX wells actually production of NG liquids, NG condensates. (Report should spark debate, to be sure.)

ADM's ethanol plants all turned back on in 1Q13. All at 100% cap. Corn prices down lately from higher-than-expected stockpiles. (And probably '13 planting plans.)

PBF Energy (NJ) plans to boost RIN purchases this year to $160M from $60M last year. They're ~400M RINs short of E10 requirement. Plan to boost ethanol blend into 75% of their gasoline in 2H13. Now 50%.

Carbontec Energy (ND) to use sugar beet waste, other biomass to power coal nugget production facility. Biomass makes iron production near carbon neutral. 1st phase $60M cost, $50M/yr revs. 100K metric ton cap plant breaks ground 1Q14. Eventual 300K met tons/yr with $150M investment.

Celanese set to launch phase 1 of $2.5B coal-to-ethanol plant in India along with state-owned oil/gas comp.

Indonesia ready to take EU to WTO over biodiesel dumping fight. Negotiations failed. Industry expects EU to impose duties on Indonesia imports.

Costs ~$6/MCF (MBTU?) to liquify NG, ship it, regassify it. US considering exports. (Don't.)

4 US colleges, 10 US cities signed up with "Go Fossil Free" campaign to divest funds of fossil fuel stocks, bonds.

Dispersants make oil spills 52x more toxic.

~700Mw of wind power in development in ND. State now ~80% coal powered. 2/3rds exported.

Abengoa to build el-from-muni waste gasification plant in AZ. $110M. Up to 180K tons waste/yr. Up to 350 tons of gas produced/day to gen 15Mw. 23 tons/Mw by my math.

Scotland to collab with S Korea to expand tidal power effort.

India plans to close loophole before next solar power auction to stop comps from importing thin-film panels from overseas suppliers (FSLR) for projects that otherwise must be built with locally-made equipment. Bids by end of May for 750Mw. 300Mw required to use locally-made cells, panels. Govt also to extend grants up to $348M total to cover up to 30% of upfront costs.

Thai comp to build 210Mw solar plant in Myanmar.

EIB committing Eur140M to 150Mw of Austrian wind farms. (Or Australian. Could have red it rong.)

Enviro group appealing BLM decision to extend Colo oil/gas leases.

"Slightly radioactive water" leaked into Lake Michigan.

Summer power outages possible in Cal without San Onofre nuke plant: grid manager. (Could be another Enron-like ploy to milk Cal system. W's old bud - "Kenny Boy" - thingy? Antennae up.)

Solar City filed suit over size of federal grants. (All I saw on that.)

In appeal, WTO deemed Canadian clean/renew energy incentive scheme illegal. (Ouch. Illegal is harsh.)

Cal to force ships to shut off engines in port, plug in.

1366 Tech (Mass) teaming with Tokuyama (JP) for R&D deal that should boost 1366 sales after they start mass production. 1366 opened 25Mw factory this year. Success of production ramp by mid-'14 key to $150M fed loan guarantee to build 1Gw factory. Novel silicon wafer production tech.

FSLR to lay off 150 workers at AZ plant next few weeks. Restructuring global ops. ~5.2K people employed global, 1.7K in US. Most layoffs from admin. To save $30M/yr.

EC decided to recommend duties on Chinese solar panels tomorrow. Initially seeking at least 30% tariffs. Possible up to 50%. UK, Italy, Romania, Poland, Hungary, Sweden, Slovakia expressing "deep concerns", opposition to EC action.

Colo set to expand clean/ren energy in rural utilites to 20% by '20. State's el rates lower than much of US at 9.4 cents/Kwh in Feb. Ready for gov's signature.

Following in steps of 16 states, House version of MN bill sets timeline for investor-owned utilities to add solar to elgen mix. .5% of el sales by '16, 2% by '20, 4% by '25, "objective" of 10% by '30. In ADDITION to 25% by '25.

Onward and upward and out of the boxward pards. Out of the parkward. Let's make stuff better. Happy trailers.