The quest to diversify from fossil fuels has perhaps been no more successfully implemented than in Germany, where on the 14th morning of last month, it achieved a record 74% of its power generation from renewables, and specifically solar and wind energy. Admittedly this took an exceptionally sunny and windy day, but the achievement still stands. The pursuit of alternative energy sources across the globe has led to some rather nutty and novel ideas. Here are but a few.
Archive for the ‘Random’ Category
Happy Friday! Crude prices have headed lower this week as Syrian tensions ease…only to be propelled higher by non-tapering…only to be ushered lower by the reason for non-tapering (economy not strong enough). Meanwhile, natural gas rallied on expectations for a bullish storage number, only to retrace when it materialized. As higher temperatures wane and the peak of hurricane season passes, prices settle down around the 200-day average. Snacks ahoy! » read more
Good day, and I bid you happy Friday! Energyland™ continues to be on one heck of a rollercoaster ride, with crude oil’s direction this week mostly dictated by the tension in the Middle East. Rising tension = rising prices. As for natural gas, its recent rally has run out of steam as a lack of hurricane activity as we approach the peak of the season (hark, on Tuesday) has spurred on selling, while late-summer heat is not enough to drive on demand to bring on further buying. Snacks ahoy! » read more
Just as I was about to write about the long side of markets, I read about the latest twists and turns in a fascinating story on the short side of things: a potential global helium shortage. And yes, I fought long and hard against the urge to use a pun in the title…‘helium market deflates’… ‘helium worries balloon’…’helium market blowing up’ ….etc, etc, etc. » read more