Energy & Industrials News by GLG Council Members

One powered wheel and a battery of any type can make a motorbike, two powered wheels and a battery of any type can make a powered freight or passenger carrying cart, three or more powered wheels and a battery of any type can make a car, 8, or more, can make a truck, and with a third rail or an overhead wire connection 8 or more can make a bus, passenger carrying railcar, freight carrying railcar,...

The Rigzone Newsletter reported December 3 that Southern Star Energy had drilled and logged the Haynesville interval in its Burt 20-1 well in Sentell field, Bossier Parish, Louisiana. The well had already found a pay zone in the Cotton Valley. The company then drilled ahead and found 312 feet of laminated shale, verified by wire line logging plus a mud log. The shale is naturally fractured and laminated...

  Moody's Investors Service is lowering YRC Worldwide's credit rating three grades to Caa1, or seven grades below investment quality. The downgrade comes as the nation's largest U.S. trucking concern is asking its 40,000 Teamsters rank-and-file members to approve a 10 percent wage giveback that would save the company approximately $250 million a year. A Moody's analyst calls the YRC debt a "distressed...

  Seeing that every time the Auto CEO's go back to Washington their means of transport is more modest and their money demands goes up instead ($25 to $34 to $38)Billion, it appears that this story will not end without a bad guy. So here is a workable suggestion;

Solar power satellites (SPS) were originally proposed as a solution to the oil crises of the 1970s by Czech-American engineer Peter Glaser, then at Arthur D. Little. Glaser imagined 50-square-kilometer arrays of solar cells deployed on satellites orbiting 36,000 kilometers above fixed points along the equator. As originally envisioned, posed daunting technical hurdles. In the last...

  Celadon Group's purchase of Arkansas-based truckload carrier Continental Express for $24 million is the first significant trucking acquisition of 2008, and may be a sign that the worst is over for the beleaguered trucking industry.   Celadon, an industry leader in north-south truckload traffic, is getting 400 tractors, 1,100 trailers, a brokerage business, an intermodal brokerage unit,...

As the nation slides deeper into the economic crisis, availability of private investment for energy projects will dwindle and aggravated by a plummeting electricity demand, the construction of new plants and the new interstate grids will suffer. The article does not mention specifically about the fate of the renewable energy plants, this situation, therefore brings out the issue decidedly...

RIGZONE news reported on an article by James Herron of Dow Jones Newswires on December 3. Mr. Herron said that funding for small to medium-sized oil companies will be scarce in 2009. When capital becomes available, it will be expensive. Michael Powell of Barclays Capital confirmed this opinion. Simon Ashby-Rudd at Tristone Capital said that investor shrink from financing risk He cited the case of...

    The CSX is raising tariff rates for export steam coal on January 1, 2009

Shipbuilder’s notice of cancellations of orders rather than those reported allegedly by owners should hold weight.