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Europe: +44 (0) 207 198 1634 Wind generation in November blew through a 31-month-old record share of total energy in the Electric Reliability Council of Texas, a new report shows, and an expert said it contributed to ERCOT’s low on-peak power prices that month. Wind farms supplied 18.4% of the independent system operator’s total load in November, compared with October’s 12.3%, […]
Equities and the Economy U.S. stocks rallied sharply yesterday marking a second day of gains with the Dow jumping 157 points, 0.90%, to 17,525, the S&P 500 adding 21, 1.04%, to 2,043 and the Nasdaq climbing 43, 0.86%, to 4,995 (still under that 5,000 level). Some folks are stating because oil prices rose, and WTI […]
LE BOURGET, France — With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change. The deal, which was met with an […]
Equities and the Economy U.S. equities began the day flat to down but ended on a nice bounce. The Dow closed 104 points higher, 0.6%, at 17,369, the S&P 500 added 10, .048%, to 2,022 and the Nasdaq gained 19, 0.38%, at 4,952. The intraday price action was good being we bounced back from being […]
Equities and the Economy There was no Blog on Friday but I mentioned Thursday morning that based upon Wednesday’s close that both short and long term support lines had been broken basis the S&P 500. I also mentioned that this alone was not enough to force a capitulation but investors’ fingers would be on the […]
Solar farms in California. California’s “million solar roof” program mirrored Germany’s “hundred-thousand solar roof” initiative that began a few years ago. Credit Monica Almeida/The New York Times PARIS — One is a European country known as “the powerhouse of Europe” that struggles against soggy winters and seemingly endless gray skies. The other is a digitally […]
Source: U.S. Energy Information Administration, State Heating Oil and Propane Program The U.S. Energy Information Administration’s State Heating Oil and Propane Program (SHOPP) collects state-level residential heating oil and propane price data in 38 states during the winter heating season. SHOPP is a joint effort between EIA and state energy offices in regions (especially states […]
Equities and the Economy U.S. equities closed lower for the 3rd consecutive day yesterday. The Dow closed down 76, 0.43%, at 17,492, the S&P 500 lost 16, 0.76%, to 2,048 and the Nasdaq got pounded losing 1.48%, 75 points, to 5,023. As of yesterday the S&P joined the Dow in negative territory for the year. […]
Equities and the Economy U.S. equities limped lower yesterday with the Dow losing 163 points, 0.92%, to 17,568 and the S&P 500 dropping 13, 0.65%, to 2,064. The Nasdaq performed relatively well waffling around unchanged all day closing down a meaningless 4 points at 5,098. The Nasdaq hung in there because the biotechnology sector, which […]
In the waters of Lake Ontario, Canada, a hugely significant energy development is taking place. Hydrostor is a company specializing in underwater compressed energy storage. Their idea addresses a significant issue facing renewables: the question of how to store energy to be used when the sun is not shining or winds aren’t strong enough. “The […]
