Yael Pipano

Wind Turbines: The New Renewable Bull Market

The Danish wind industry had a 4.7 billion euros export in 2007
Rune Birk Nielsen (2008-06-02)

The Danish Wind Industry Association has just published the annual industry statistics for 2007 and for the industry, the authorities and the green Denmark it is impressive reading.

With a total export of 4.7 billion euros in 2007, the Danish wind industry sets another record, compared to the year before, an increase on 1.1 billion euros or a 30.7 % growth.

"The wind industry is already Denmarks largest exporter of energy technology. If global growth and market development for wind power continue in double digits as expected the wind industry is poised to become our largest industry within a few years," says Jakob Lau Holst, Acting Director of the Danish Wind Industry Association.

"All industry forecasts show that the market for renewable energy and wind power will expand at an impressive rate. Danish manufacturers and suppliers are in an advantageous position to benefit from this growth," says Jakob Lau Holst, but adds: "However, it is crucial that the industry also in the coming years is allowed to install, test and demonstrate state of the art wind turbines in Denmark. Even though the Danish market is dwarfed by the combined global markets, it is hugely significant as a global industry show room."

More information contact Economist Rune Moesgaard, [phone] or [phone]
Or acting director Jakob Lau Hols, [phone] or [phone]

Recession Stock Picks From Morgan Stanley's Douglas Cohen

I certainly agree with you about Suncor (SU), and Conoco (COP). This is a portion of an article I read today, from seeking alpha, quoting Byron Wein (I copied short bio on him for you readers out there): " My view is that people underestimate the seriousness of the energy situation. We are only finding oil at a rate equivalent to replacing the oil production that erodes every year as a result of the existing wells getting tired.

In addition to that, China and India are consuming less than two barrels of oil per person per year while we consume 26 barrels, Western Europe consumers 13 to 15 barrels, Japan, Korea the same amount. As China and India increase their consumption, even if the two and a half billion people there only increase their consumption a quarter of a barrel of oil per year, there's no way the world can meet that demand. So I think the price of oil is going a lot higher."

"Oil is going to probably $125 a barrel. I forecast that it would go to $80 last year. "

Byron Wein's updated bio a/o 9/27/07:
Westport’s Pequot Capital Management, Inc., today announced that Byron R. Wien, managing director and senior investment strategist at Morgan Stanley, will join the firm Dec. 1 as chief investment strategist.

Wien will work closely with Arthur J. Samberg, Pequot chairman and CEO, and the firm’s investment team to develop global macro-investment strategies, an announcement said. He Mr. will work out of Pequot’s New York office.

Wien is a seasoned strategist who brings over 40 years of experience in the global financial markets. Prior to joining Morgan Stanley in 1985, he was a portfolio manager for 20 years, primarily at Weiss, Peck and Greer, where Samberg was also a partner.