THURSDAY CLOSE ... Market down 317/93/39 in global selloff. Argentine default. Greenspan prediction yesterday. Volume heavy. Dow, SP fell through 50-day lines, Naz hit theirs. Russia oligarchs blacklisted by EU. G7 oppose new World Bank projects in Russia. WTI under $98, Brent under $106. US NG $3.87 ... (stock #s in %) ASPW up 62. CGYV up 52. NGLPF up 49. LSCG, XDSL, MDDD up 33. PTOS up 31. AWSL up 29. BSRC up 27. PWDY up 26. AMLM up 20. WSGP up 19. UBRG up 16. CSGH up 13. AMRC up 11 .... IFXY down 48, new low. LYSDY down 32. GEVO down 29 on news. GWBU down 24. CCTC down 19. CNTO down 18. DPSM, SLMU down 12. SENY, CREG, AMEL down 10. AMPD down 9, back on bottom.

JAPAN CUT SOLAR TARIFFS BY 1/5 ... California, Mexico signed pact aimed at reducing GHG emissions ... Water may run out in Sao Paulo in 100 days ... New Jersey launched $200M bank to develop microgrids ... Panasonic to help Tesla (TSLA) build battery "gigafactory" ... US crude production down 122Kb/d last week to 8.44Mb/d: EIA. (May be EIA effort to realign estimates with actual output.) ... 2 comps to build world's largest cellulosic biofuels plant in China. Will use 1-1.3M tons/yr of ag residues. To use Novozymes enzymes. ~$325M investment ... Over $192M worth of natgas lost in '11 from leaks in US pipelines. (Plus the emissions.) ... Iberdrola to build 202Mw wind farm in TX. $400M. Complex capacity 606Mw when completed ... Boralex unit bought 14Mw wind power project in France. Online by '16. 25M euros ... NYSERDA to fund $250M of clean/renewable power projects ... Brazil development bank will allow solar developers to import solar panels until '20. Then local content rules will apply ... GEVO sold $18M of shares at 60 cents each to fund renovation of MN biofuel plant ... Sun Edison (SUNE) got $46M construction loan for 18Mw solar project in Ontario. Online this year, then selling to Firelight. German bank also to provide up to C$63M long-term debt for the project ... India could save itself $42B in solar imports by helping develop its own solar industry: KPMG. Indian solar factories operating at 1/5 of capacity ... Tata unit completed 2Mw rooftop solar project in India. Another 1Mw next year at same location ... Demand for solar power credits in India rose to 4-month high this month after a utility entered the market to comply with govt clean power targets. Credits cleared at minimum price of $154/Mwh. Wind, hydro, biomass credits trade separately ... Japan fabric maker to build 6.2Mw biomass plant for $29M. Wood chip fuel ... Deutsche Bank funding Gestamp Solar's 31.5Mw solar project in Japan ... American DG Energy aims to raise $20M in public offering ... Centrica, DONG halted development of 2.2Gw wind project ... Municipal waste could provide 12% of US electric, heat tens of millions of homes, businesses: Columbia U. center. Also would keep 123M tons of GHG emissions/yr out of atmos, reduce coal use ~100M tons/yr. Non-recyclable plastic could be converted to oil - 6B gal gas/yr ... Smuckers committed to sourcing only deforestation-free palm oil ... Tighter ozone limit would shutter 1/3 of US coal power plants: NAM study ... BLM leasing Colo tract for coal mining for $2.9M.

THURSDAY OPEN ... Market down 175/59/21. Volume normal. WTI over $99, Brent over $106. Argentina default ... (stock #s in %) PTOS, AMLM up 31. LSCG up 29. BSRC up 27. UBRG up 25. WSGP up 19. XDSL up 16 with news. MMMW up 13 with news. CSGH up 13. ABAT up 9 .... GEVO down 28, new low with volume, news. CBWP down 21. MDDD down 20. ECAU, LYSDY down 17. AMEL down 15. GERS down 13. SLMU down 12. CJES down 11 after reporting. CCTC, XSNX down 11.

WEDNESDAY CLOSE ... Dow down 31, Naz up 20, SP flat. Volume normal. WTI under $100, Brent ~$106. NG $3.78. Fed standing pat on tapering. Greenspan: stocks to see "significant" correction. Gold under $1,300 again. Argentina default? ... (stock #s in %) VNDB up 100. IFXY up 60, new high. PWDY up 40. CABN up 23. CNTO up 22. OPTT up 16. GERS, BLQN up 15. PSPW up 13. POWI up 11, jumped through all lines. HYGS up 11 after reporting, day 4 of surge out of lines. CDXS up 10 with volume, heading up .... ECAU down 41, new low with volume. BOPO down 25. AWSL down 24. BSRC down 20. NGLPF down 19. AMEL, MDDD down 16. PTOS down 14. JUHL down 13. NORX down 10. ACPW down 9, new low with volume. KIOR down 2, new low.

RUSSIA'S ABILITY TO TAP NEW OIL RESOURCES targeted by latest US, EU sanctions. Latest drilling tech to be withheld. Exxon, BP affected ... World Court unit ruled Russia must pay $50B to former Yukos shareholders. Russia expropriated Yukos in '05. Russia to appeal ... Ukraine parliament rejected allowing EU, US comps to buy up to 49% of Naftogaz. Also against liquidating Naftogaz or splitting it in 2 to conform with EU rules ... Rosneft says profits rising despite sanctions ... US judge ordered seizure of Kurd oil on tanker off TX coast. (Yesterday I reported it was being unloaded in Galveston. That was wrong.) ... Stanford researchers, including Chu, claim major breakthrough in lithium batt design. Pure lithium anode could boost EV range to 300 miles ... DOE taking 1st steps to curb leaks in natgas systems (pipelines, compressors, etc.) ... Small islands 1/2 world's most climate-vulnerable real estate: study. S Pacific summit just held on it ... Peru got high-tech map pinpointing illegal destruction of its trees ... Global warming among top US national security concerns: defense experts ... Sea star plague spreading in Pacific offshore Cal ... Exelon to buy Bloom Energy fuel cell plants ... Styrene listed as possible carcinogen ... NM nuke waste repository cited for 52 safety violations ... Duke Energy buying $1.2B power gen capacity ... TX onshore oil production up 27% last month: regulators. (Not clear if that's over last year or previous month this year.) ... SMA Solar cutting 600 more jobs, may lose up to $60M this year ... France $13.4B energy plan to spur efficiency, clean/renewable power using tax credits, low-interest loans. Now legislature approval sought. (I still don't understand why they want to cut nuke power back to 50% of total power gen. Nuke is 24/7 CLEAN power.) ... Brazil's 1st solar-specific power auction drew 10.8Gw interest. Also 626 wind projects proposed, 8 biogas projects. Oct 31 auction. Govt expected to buy ~1Gw solar ... BMW offering fast batt chargers to help EV sales ... Trees soak up air pollution, provide $7B/yr in US health benefits: study ... TX city dumped special powder in reservoir to fight evaporation ... Green Plains (GPRE) 2Q profit up 5x over last year to $32M on revs of $838M. 6 mo net $75M vs. $8.5M last year ... Global biodiesel market to see 8.1% CAGR through '18: TechNavio report ... India could save $3B/yr of petrol imports with E10 policy ... US utilities importing more coal from countries like Russia, Colombia, Indonesia to hedge against poor rail service, fulfill unique blends, lower costs vs. US coal. 1.23M tons imported 1Q14, up 73% over 1Q13 ... Ongoing BNSF backlog stranding grain shipments across Great Plains, threatening to shut down Wisc coal power plant by Jan ... New software to let EVs "talk" with utilities to help manage grid stability ... Jinko Solar getting $225M investment for new projects. China Development Bank led funding. Jinko to develop over 600Mw this year ... China solar exports up 18% to $7.42B 1H14 over 1H13 ... UPS reached '16 goal of reducing global CO2 emissions 10%. New target 20% by '20. Reduction of 1 mile/day/driver saves up to $50M/yr plus less emissions. 3.6K of 96K vehicle fleet now using alt fuels. Going to LNG ... India's Uttar Pradesh planning 300Mw solar auction. Bids by Sept 8. Another 20Mw auction for projects under 5Mw ... Astonfield to build 2 solar projects - 4Mw total - in Mauritius. $8.2M. Part of 10Mw auction ... Xinyi Solar to raise $100M in share issue ... NRG Yield raised $652M from stock sale.

WEDNESDAY OPEN ... Dow down 54, Naz up 21, SP up 2. Volume light on Fed wait. WTI over $101, Brent over $107. US GDP up 4% 2Q. US added 218K new private sector jobs in July: ADP ... (stock #s in %) IFXY up 63. DSTI up 45. LSCG, PSPW up 17. XDSL up 16. DPSM up 15. POWI up 12. CNTO up 10. ABAT, XSNX up 9 .... ECAU down 33. CBWP down 30 after yesterday's jump. WTWO down 25. LEOM down 14. SENY down 12.

GLOBAL WARMING COULD COST US ECON $150B/YR if carbon emissions not adequately reduced: White House. ($150B/yr. Is that a lot? We spend $150B/yr on studying fish crap. Maybe the White House meant something else or more money. Maybe they missed a decimal.) ... Global warming, smoggy air will likely make it more difficult to feed growing world population: MIT-led study ... EPA released final pollution reduction plan for Navajo coal power plant, one of US's largest coal plants ... Cal to work with Mexico on carbon pricing, other climate, enviro programs ... Rising amount of heat-trapping water vapor in atmos caused by human activity: report ... China refrigeration demands with changing diet will add to global warming ... Australia think tank warns of effects of global warming on public health. Yet they dropped carbon pricing ... EPA not acting on drinking water risks: GAO ... Cal city says emails show "illicit, illegal" relationship between utility, regulator ... AEP exec calls EPA power plant carbon emissions rule "not credible" (Yea, right.) ... Canada regulator ordered work halted on Enbridge intl pipeline ... New Jersey moving forward with distributed energy resource plan. $200M allocation ... Solar panel prices expected to rise in US from new tariffs on China/Taiwan solar comps. China solar projects also to fuel higher panel prices ... Japan plans to step up support for coal power plants in developing countries. $4B/yr worth. To sell Japan coal tech. Earlier this month, Japan Bank for Intl Coop loaned $202M to Vietnam comp to help it purchase Japan coal plant equipment ... DOE has developed porous silicon that can replace graphite in lith-ion batts, hold 10x more charge ... MIT now developed spongy graphite to generate steam with solar cells. (Good for desalination, hygiene systems, sterilization, remote aps.) Layer of graphite flakes over carbon foam. Floats on water. 85% efficiency ... 2 Wisconsin utilities - once among solar proponents - now say solar industry has grown so much it's hurting their biz, customers. (Aw. Really hurts customers?) ... TransAlta to build, own, op 150Mw combined-cycle NG power plant in Australia. AUD $570M. Online '17 ... BluEarth got $77M loan for 15Mw run-of-river hydropower plant in BC Canada. Online '16 ... Sunpower (SPWR) to raise another $25M in stock sale ... Plug Power (PLUG) got another WalMart order for 286 fuel cells. 3Q delivery. (Not much backlog.) 10th WalMart site to use PLUG FCs for forklifts ... UK Green Investment Bank funding 4Mw biomass boiler at Scot distillery ... Suzlon to double India wind installs. Raised Bloomberg est. 13% to 2.6Gw wind installs this year ... Intelligent Energy (UK fuel cell maker) signed 2-yr, "multi-million" pound deal with Japan automaker ... German solar installs much weaker this year. US, UK, France more than expected: Solar World ... NextEra to start construction of $300M Ontario wind project despite local disapproval. (Um, we don't like to do anything against local people's will in clean energy industry. Hopefully, opposition is from irrational old guard.) ... SBC (UK) plans 49Mw solar project on Welsh island ... Over 39Gw solar (PV, CSP) installed globally in '13. 1/3 of all newly added clean/ren powgen cap: Worldwatch ... Another giant hole found in N Siberia permafrost. 3 now ... Keep your boots on, pards, and powder dry. Onward and upward. Happy trails and tie downs. Vaya con Dios.