The Energy Information Administration (EIA) just released its weekly reports on petroleum and natural gas supply and demand. They both showed the beginnings of a return to balance in the American fuel market. While demand remains low for oil and its refined products, supply is moving lower for equilibrium. The same is happening for (more…)
Posts Tagged ‘recession’
Some balance returning to US fuel inventories
Thursday, July 9th, 2009EIA: US emissions diving more than 4% in 2009
Tuesday, July 7th, 2009
As I wrote last month would probably happen, the Energy Information Administration (EIA) lowered its estimate for fossil fuel energy demand in 2009, translating into a huge drop in greenhouse gas emissions. Emissions projections for coal, oil, and natural gas were all lowered in its July Short Term Energy Outlook — meaning, by my calculations, that US emissions are expected to fall (more…)
July solar price survey shows new record low in Europe
Tuesday, July 7th, 2009
The monthly solar price survey by Solarbuzz.com just came out. And it showed retail prices fell another ~1% last month. Prices still have a ways to go before grid parity arrives, but its nice to see the continued progress. Europe is now enjoying another record low solar price for individual modules at (more…)
Recession keeps a lid on fuel prices
Thursday, July 2nd, 2009
The recent oil price rally has taken a break due to the persistence of recessionary low demand. While lower prices may finally translate into lower crude oil and natural gas output in July 2009 than in 2008, US demand numbers show little sign of recovery. This reality makes it tough for renewable energy to compete currently, but is a relief to (more…)
Deutsche Bank leader: Renewable Energy Ready, Clean Coal Years Away
Monday, June 29th, 2009
One of the most compelling speakers at our last day of REFF Wall Street was Deutsche Bank’s Global Head of Asset Management, Kevin Parker.
The focus of his talk was the importance for the finance community to respond to resource scarcity amidst a (more…)
Renewables Analyst Calls 1Q 09 The Bottom
Friday, June 26th, 2009
New Energy Finance CEO Michael Liebreich gave Renewable Energy Financial Forum (REFF) participants an informative presentation to the hundreds of financial leaders filling New York City’s Waldorf-Astoria.
Based on his firm’s research, he called the (more…)
Green Wall Street gets together
Wednesday, June 24th, 2009
The barons of Wall Street have been blamed for the global financial crisis. They have been the target of Main Street ire and the butt of talk show jokes. But as I walk the halls of New York City’s Waldorf-Astoria today, it is clear that the hundreds of suits filling the conference space want to change that. (more…)
Oil prices rise, but supply still high
Thursday, June 18th, 2009Pump prices are about to hit $2.70 per gallon nationwide, and oil has remained above $70 per barrel for several days. Most of the increase has come on expectations of economic recovery – like today’s increase in projection for China’s 2009 growth to 7.2% rather than 6.5% by the World Bank. But even more positive economic news will struggle to increase prices much more unless fuel inventories fall from (more…)
EIA Report: US emissions to tank ~3.5% in ‘09
Wednesday, June 10th, 2009
The US Energy Information Agency (EIA) has further lowered its emissions projection for 2009 this month, as I said in May was likely. Lower coal consumption drives the reduction, based on the drop in industrial demand for fuel and the substitution by natural gas for coal for (more…)
Solar may be emerging from 1st quarter bottom
Thursday, May 28th, 2009The first quarter has been a rough one for most solar companies. Aside from First Solar whose profits tripled, most solar companies reported large decreases in their profits and, most likely, losses. But the last two reports (from Trina Solar and China Sunergy) paint the picture of a potential return to profitability in the (more…)