Bloodbath for Natural Gas and Solar [View article]
Even if Katrina and Rita happened this year, NG end of season storage would be 4.2 tcf, unfortunately there's only 3.9 tcf of available storage, so a lot of gas will have to get shut-in in the late summer/early fall. Look for NG prices to test $2.50 in August.
The Honeymoon Is Over: Gauging the Market with an Obama Presidency [View article]
The economy is going to supercede everything else for at least for the next two years, so don't bother buying solar stocks just yet. I'm with longoil on American complacency; wholesale gasoline (before fed and state taxes) is approaching $1.30/gallon, I doubt anyone will want to finance alternative energy projects at these low prices.
Don't get me wrong, I think the US should have a national energy policy that concentrates on investing in alternative energy, but we don't have the money to fund it right now.
The Sun Is Not Also Rising Over Solar Stocks [View article]
Wait till either the credit markets get healthier or crude makes a bottom (both will probably happen about the same time). If crude drops to $50 or below, solar stocks will drift down due to lack of credit/urgency by utilities to invest.
As for Dubai's investment in solar, my prediction is that it will get axed as Dubai starts to get hammered by the credit crunch and lower crude prices. The biggest creditors of Dubai are Kuwait, the Saudis and the UAE. It was one thing when crude was over $100 and the oil producing states were looking for a home for their cash; it's another thing when they're trying to stabilize their national budgets that have grown rapidly in the last two years.
Bloodbath for Natural Gas and Solar [View article]
Bloodbath for Natural Gas and Solar [View article]
On May 22 09:41 AM Fred W wrote:
> one weather event and the NG price spike will come...a couple of
> "events" and we will be back to 2005 #s
Bloodbath for Natural Gas and Solar [View article]
On May 21 11:04 PM Zeon wrote:
> Time to start buying.
The Honeymoon Is Over: Gauging the Market with an Obama Presidency [View article]
Don't get me wrong, I think the US should have a national energy policy that concentrates on investing in alternative energy, but we don't have the money to fund it right now.
The Sun Is Not Also Rising Over Solar Stocks [View article]
As for Dubai's investment in solar, my prediction is that it will get axed as Dubai starts to get hammered by the credit crunch and lower crude prices. The biggest creditors of Dubai are Kuwait, the Saudis and the UAE. It was one thing when crude was over $100 and the oil producing states were looking for a home for their cash; it's another thing when they're trying to stabilize their national budgets that have grown rapidly in the last two years.