Category Archives: Daily Recap

AWEA: Record US Wind Power Growth in First-Half 2009

wind-farm1US wind capacity continued its impressive growth in the second quarter while fossil fuel consumption continued to fall. The American Wind Energy Association (AWEA) just released their second quarter report, and it’s full of surprisingly upbeat news for a sector hard-hit by the recession. The resilience of wind power as a low-cost, carbon-free source of electricity is made clear by the Continue reading

Some balance returning to US fuel inventories

oiltanksThe Energy Information Administration (EIA) just released its weekly reports on petroleum and natural gas supply and demand. They both showed the beginnings of a return to balance in the American fuel market. While demand remains low for oil and its refined products, supply is moving lower for equilibrium. The same is happening for Continue reading

July solar price survey shows new record low in Europe

solarThe monthly solar price survey by Solarbuzz.com just came out. And it showed retail prices fell another ~1% last month. Prices still have a ways to go before grid parity arrives, but its nice to see the continued progress. Europe is now enjoying another record low solar price for individual modules at Continue reading

Recession keeps a lid on fuel prices

gas-pump1The recent oil price rally has taken a break due to the persistence of recessionary low demand. While lower prices may finally translate into lower crude oil and natural gas output in July 2009 than in 2008, US demand numbers show little sign of recovery. This reality makes it tough for renewable energy to compete currently, but is a relief to Continue reading

House Passes Climate Bill, Now for the Senate

US CapitolLast night, the US House of Representatives passed climate legislation to get greenhouse gas emissions falling to 83% below 2005 levels in 2050. This step is huge, and needs to be followed by a similar bill passing the Senate in the weeks ahead to get the President’s signature and become law. Here are some details from the Solar Energy Industries Association: Continue reading

Green Wall Street gets together

money-bulb_0The barons of Wall Street have been blamed for the global financial crisis. They have been the target of Main Street ire and the butt of talk show jokes.  But as I walk the halls of New York City’s Waldorf-Astoria today, it is clear that the hundreds of suits filling the conference space want to change that. Continue reading

Oil prices rise, but supply still high

oiltanksPump prices are about to hit $2.70 per gallon nationwide, and oil has remained above $70 per barrel for several days. Most of the increase has come on expectations of economic recovery – like today’s increase in projection for China’s 2009 growth to 7.2% rather than 6.5% by the World Bank. But even more positive economic news will struggle to increase prices much more unless fuel inventories fall from Continue reading

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

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