GLG News by Alternative Energy Experts (North America)

I am finding a slight case of irrational exuberance seeping into the photovoltaic prediction industry.  The latest is a prediction reported in the Financial Times of a fivefold increase of photovoltaic production by 2010.  The industry will grow nicely, but not at this frenetic rate.

Hawaii has broken new ground in becoming the first state to require solar water heaters in new construction.  This policy joins an array of others employed by states and localities to develop renewable energy markets in lieu of federal paralysis.   It will not be a magic bullet with federal...

Occidental Petroleum plans to spend $1.1 billion to extract oil from the aging Texas Permian Basin.  For this purpose Occidental is teaming with natural gas (NG) producer SandRidge Energy to build a gas processing plant, separating a high CO2 content for enhanced oil recovery (EOR) and sell the...

Less than normal quarterly use of wheat builds US ending stocks however record quarterly use of US soybean and corn is expected to continue to keep at the knifes edge.

An over-emphasis on ethanol has combined with a poor production year and a major speculative push on commodity prices to push livestock net returns into the red.  Animal feed has long been US corn and soybeans primary source of demand, but high feed costs, with no way to push up the selling price...

What we shall see soon is the Chinese sending goods to Saudi Arabia and the Aramco crude as well as oil product go to China.  Currency will not apply directly as this is barter.  These folks (Arabs and Chinese) have ancient cultures that used barter so it is not unexpected.  In fact they...

Chakib Khelil, Algerian Oil Minister and OPEC President, predicts that oil will climb to $170 a barrel by 12/31/08 due to the likelihood that political pressure on Iran as well as other conflicts and turmoil will continue, and on further speculation that the US dollar will see further decline (weakening...

China is working all avenues of energy supply, ranging from coal fired, nuclear and giant hydroelectric plants with crude crude imports from the Middle East and LNG from Asia Pacific.  In addition China will increase wind power from 10 GW to 20 GW in the near future, requiring 70% domestic content...

After numerous wind turbine blade failures (cracking) of their Suzlon (India) wind turbines , Mission Energy, the non-regulated arm of Southern California Edision cancelled a follow-on order of wind turbines from Suzlon. Since Suzlon delivered the previous order of their turbines with warranties and...

Booz & Co. warns that European LNG import terminal investments may not pay off in case LNG from the Middle East and North Africa are redirected towards the US due to NG shortages for clean power generation.