Energy

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T. Boone Pickens Outlines 2010 Oil Price Targets (CLNE)

T. Boone Pickens gave a CNBC interview this morning with new energy predictions and trends to watch that he has not discussed before.  Pickens is still maintaining that natural gas is the key for…

Douglas A. McIntyre · 17 years ago

The Solar Shingle And The False Promise Of New Technology

Microsoft’s (NASDAQ:MSFT) Windows 7 will be better than Microsoft Vista. The world’s largest software company has learned from the mistakes it made with Vista which users found too complicated. But, Microsoft assumes that customers always…

Douglas A. McIntyre · 17 years ago

First Solar Makes a Sale (ENB, FSLR, YGE, TSL, STP)

Canadian oil and gas pipeline company Enbridge Inc. (NYSE:ENB) today announced that it would purchase a 20 megawatt solar generation plant from First Solar, Inc. (NASDAQ:FSLR). No purchase price was given for the plant,…

Douglas A. McIntyre · 17 years ago

Another Increase in Crude Inventories (CVX, XOM, OIL, USO, CIT)

The US Department of Energy’s Energy Information Administration has released its weekly status report on crude oil inventories, and once again they are higher, this time by 2.8 million barrels. Gasoline inventories are down…

Douglas A. McIntyre · 17 years ago

China Reaches Out Again For Crude Supply Domination

China has made aggressive investments in oil production facilities and fields in Venezuela, Brazil, and several places in the Middle East. Almost all its multi-billion dollar deals are aimed at locking up supply to accomodate its…

Douglas A. McIntyre · 17 years ago

Some Shade Falls Over Solar Shares (WFR, C, AMAT, AONE, FSLR)

Shares in MEMC Electronic Materials Inc. (NYSE:WFR) have been downgraded from ‘Buy’ to ‘Hold’ by Citigroup (NYSE:C). MEMC makes crystalline polysilicon wafers used in some photovoltaic solar cells, and the market appears to be…

Douglas A. McIntyre · 17 years ago

Chesapeake Trades More Assets for Cash (CHK, KMP, EPD)

Chesapeake Energy Corporation (NYSE:CHK) has created a 50/50 midstream joint venture with Global Infrastructure Partners that includes a significant portion of Chesapeake’s midstream assets in exchange for $588 million in cash. The new venture…

Douglas A. McIntyre · 17 years ago

Two Hundred Billion Barrels Of Untapped Oil

BP claims that there may be 200 billion barrels of oil and oil equivalents under the region above the Arctic Circle. Norway is exploring the area of its northern coast in the belief that a…

Douglas A. McIntyre · 17 years ago

Uncle Sam’s Boost for Solar (ASTI, FSLR, ENER)

Ascent Solar Technologies (NASDAQ: ASTI) may have a significant win under its belt in the new Army solar pact.  The maker of thin-film solar modules has a new contract from the government that could…

Douglas A. McIntyre · 17 years ago

Asia Shrugs Off The Recession

China and other large economies in Asia are not just struggling to get out of the recession. They are racing away from it at light speed. The Asia Development Bank raised its GDP forecast…

Douglas A. McIntyre · 17 years ago

Warren Buffett, Wind Investor? (BRK-A, GE)

Mid-American Energy, a holding of Berkshire Hathaway Inc. (NYSE: BRK-A) and a holding of Warren Buffett, is about to get into the U.K. offshore wind power business if the reportsfrom the weekend in the…

Douglas A. McIntyre · 17 years ago