Monthly Archives: May 2009

Solar may be emerging from 1st quarter bottom

solarThe first quarter has been a rough one for most solar companies. Aside from First Solar whose profits tripled, most solar companies reported large decreases in their profits and, most likely, losses. But the last two reports (from Trina Solar and China Sunergy) paint the picture of a potential return to profitability in the Continue reading

US bike sales higher than car sales in 2009

2006 Chapel Hill/Carrboro Blue Bikes Launch

2006 Chapel Hill/Carrboro Blue Bikes Launch

During the first quarter of 2009, more bicycles were sold in the US than cars and trucks. While the Great Recession is hurting bike sales, they didn’t fall as fast as automobiles. Over 2.55 million bicycle purchases were made, compared to less than 2.4 million cars and trucks that left Continue reading

House committee passes climate bill as electricity emissions plunge

climatechange1Yesterday, the House Energy & Commerce Committee passed Waxman-Markey’s American Clean Energy & Security (ACES) Act by a 33-25 vote. This passage does not guarantee ultimate passage in the full House or Senate, but gets some positive political momentum behind necessary federal Continue reading

Oil price passes $60 on weaker dollar: Gas may hit $2.50

oilpump500-11The price of oil is retracing its 2004-05 climb rather quickly of late. While some of the rise in oil prices relates to supply concerns from Nigeria and a perceived stabilization in the economy, it is also linked to Continue reading

Oil rig count falls, gas price passes $2.30

natgasrigThe oil and natural gas rig count fell further last week, falling to just 918 or ~55% below its 2008 peak. This lower drilling activity seems to guarantee lower production within a few weeks that may bring balance to the fuel market. Another development was the price of gasoline passing Continue reading

New report shows global emissions likely to fall

climatechange1The Paris-based International Energy Agency (IEA) reported today that they expect global oil demand to fall 2.6 million barrels per day (Mbd) in 2009, .24 Mbd lower than their April forecast. As I wrote last month, falling oil consumption can lead to lower overall global greenhouse gas emissions. And IEA’s prediction of even lower oil demand leads me to believe a 2009 emissions drop is now Continue reading

May report: US emissions expected to fall further

us-mapThe US Energy Information Administration (EIA) released its monthly Short Term Energy Outlook today. And their projection for 2009 US carbon dioxide emissions from energy fell even further than last month’s. The drop was led by Continue reading

Much of US to enjoy solar grid parity by 2012

solarThe economics of solar power are changing rapidly. And if the Prometheus Institute for Sustainable Development (PI) is right that solar module prices will fall more than 50% by 2012, grid parity will be achieved across many parts of the US. Solar electricity currently carries a price tag that is higher than Continue reading