Financial Markets

A replay ?
Energy & Genius
A Brief History of Energy Boondoggles
Daniel Fisher 11.24.08, 12:00 AM ET  Forbes.com
The U.S. Department of Energy has spent $57.5 billion over the past 30 years researching and developing clean energy technologies. In all that time the nation’s energy portfolio has barely budged. Fossil fuel as a share of our energy supply has [...]

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Brilliant idea !
http://www.hyperionpowergeneration.com/

Clean, Safe, Affordable Power 
Where you need it,  When you need it.

Who would have thought that the benefits of generating electricity from huge nuclear power plants…

 
 Clean
no greenhouse gases to contribute to climate change Safe
the most controlled and regulated type of power on the planet Affordable
the cheapest in terms of dollars & environmental impact
 Reliable
Available 24 /7 rain or [...]

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As expected, as the funds exit the commodities markets, prices have declined precipitiously.

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As I have always maintained, commodity speculators (index funds etc) drive the underlying commodities markets today wiithout any regard to fundamentals. The CFTC now looks totally naive/embarrassed, because they either did not know or if they did, did not want to limit/curb the markets which they oversee.  
 
 
 
A Few Speculators Dominate Vast Market for Oil Trading
By David [...]

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Boone Pickens views are always illuminating :
Article location:http://www.fastcompany.com/magazine/126/a-mighty-wind.html
May 9, 2008

Texas Oil Tycoon Tackles Renewable Energy
By David Case
As you alight from the elevator, you see, at the end of a long, paneled corridor, a huge Wilson Hurley painting of a Mars sunset bleeding from rust to black; in one corner soars NASA’s Mariner 4 spacecraft “on [...]

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Last week, the oil company executives listed below, delivered prepared remarks on the reasons why the price of oil is around $135/barrel today. In a nutshell:
O World economic growth, specifically 2-3 billion in  people in China/India rising into the middle class and seeking better lifestyles
O National Oil Companies(NOC), state owned, control about 80% of world reserves; consequently US oil [...]

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U.S. Department of Energy to Invest up to $13.7 Million for Breakthrough Solar Energy Projects
11 Projects selected from universities across the country
WASHINGTON, DC - The U.S. Department of Energy (DOE) today announced that DOE will invest up to $13.7 million, over three years (Fiscal Years 2008 – 2010), for 11 university-led projects that will focus [...]

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From a seminar in California,  November 20th, 2007 :
Dr. Peter Borden, a Distinguished Member of the Technical Staff with the Solar Business Group of Applied Materials, recently shared several insights from his history in solar power. Long involved professionally with solar power, Dr. Borden has installed a SunPower solar system and a flash water heater [...]

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The above chart shows the prices for the continuous electronic futures contract for crude oil traded at the New York Mercantile Exchange. In the earlier years the prices show the pit equivalent(contract size twice the electronic contract of 500 gals), while the more recent values reflect the electronic mini contract.

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President Bush today announced  in the Rose Garden new national goals: to stop the growth of U.S. greenhouse gas emission by 2025.
He said :
I have put our nation on a path to slow, stop, and eventually reverse the growth of our greenhouse gas emissions. In 2002, I announced our first step: to reduce America’s greenhouse [...]

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