Thursday 31 March 2016

2015 Sets Record for Renewables Investment

  Top Signals End of Oil-Age

Global investment in renewable energy hit a record US$285.9bn (£202.3bn) in 2015, beating the previous high of $278.5bn set in 2011, a study shows.


UN: 2015 Record Year for Global Renewables Investment



The 10th Global Trends in Renewable Energy Investment also showed that investment in developing nations exceeded that in developed countries.
In another first, more new renewables capacity than fossil-fuel generation came online during 2015.
But it warned that much more had to be done to avoid dangerous climate change.
The assessment, produced by the Frankfurt School-Unep Collaborating Centre for Climate and Sustainable Energy Finance and Bloomberg New Energy Finance, showed that the developing world committed a total of US$156bn (up 19% on 2014 levels) in renewables (excluding large hydro) while developed nations invested US$130bn (down 8% from 2014 levels).
"A large element in this turnaround was China, which lifted its investment by 17% to US$102.9bn, or 36% of the world total," the report observed.
However, other developing nations also contributed as six of the top 10 investors were developing nations.
In the foreword, UN secretary-general Ban Ki-moon said the report's findings increased confidence that a low-carbon world was obtainable.
He wrote: "We have entered a new era of clean energy growth that can fuel a future of opportunity and greater prosperity for every person on the planet."
However, he warned that in order to avoid dangerous climate change required an "immediate shift away from fossil fuels".
Electricity generation, Germany (Getty Images)



Posted by at

Friday 25 March 2016

How Much Demand Deconstruction From EVs?

Lower Forever: Electric Cars and the Inevitable Reality of the Oil Market


Proponents of the Electric Car are already convinced that the advent of cars with plugs will ultimately spell doom for the Big Oil companies and countries that rely on oil exports.  Meanwhile the oil industry, led by OPEC, is expecting steady growth through at least 2040.  But what will it take for the rest of the market to “see the light” and accept the fact that demand for oil will soon peak and slowly erode?
In this report I will examine the fundamentals of oil demand destruction from a markets perspective.  Using a combination of conservative estimates, educated guesses, and market insights I will quantify the amount of PEV sales needed to cause enough oil demand destruction necessary to change the long term outlook of the oil market.  Furthermore, assuming an “S” shaped growth curve I will provide insights as to how long it might take for this shift in market psychology to occur.
n late 2014 through 2015 a worldwide oversupply of crude oil existed mostly in the order of 1 to 2 million barrels per day according to the EIA.  WTI Crude Oil sold off from well over $100 in mid-2014 to under $27 a barrel in February of 2016.  As a result of the prolonged oversupply and pricing pressure, oil companies drastically slashed capital expenditures, reduced workforces and reluctantly accepted the “lower for longer”mantra.
But what would it take for the market to accept what electric car advocates already believe – that prices and demand for oil will remain Lower Forever?  To begin with, the market needs to observe enough oil demand destruction to conclude that electric cars are having a significant impact on market fundamentals.  If this can be observed in the context of an “S” shaped growth curve, market participants will quickly realize that oil will soon reach Peak Demand and then begin falling.  A huge psychological threshold will be crossed when electric cars beginning displacing about 50% of annual oil demand growth.  At that point it will be pretty obvious that oil consumption will inevitably begin a steady decline.
Posted by at

EYE on the World - Earth, Spiders, Rockefellers, Bunnies and Fools

 

Inline images 3

Earth, Spiders, Rockefellers, Bunnies and Fools...


Economic Globalization Accelerates Destruction of Earth 

FAIR TRADE OR NOT? 


Inline images 1

International trade damages tropical nature: NUS study

The findings of this first-ever study showed that the majority of tropical countries incur huge net economic losses amounting to US$1.7 trillion each year. Topping the list are countries such as Brazil, Thailand, India, Vietnam and Indonesia, where large areas of land are used for producing timber, crops and livestock for export. 

NATIONAL UNIVERSITY OF SINGAPORE

Read More



Rockefellers Dump Exxon Over Climate Deceptions


TELL GOP, "EVEN BIG OIL CONFIRMS CLIMATE CHANGE"


Exxon said it now believes the threat of climate change is clear and warrants action.


In response to the divestment movement, many oil industry leaders have said millions of people in the developing world would be condemned to darkness and poverty if society were to halt the burning of fossil fuels before there is ample supply of cleaner energy sources.
REUTERS


Funeral for Bears & Bulls - Enter the Bunny!

 

 

Market swings: not a bear or a bull, but a bunny


Some believe US share prices have still not emerged from the dotcom crash 

 “The stock market is about fair value now. In reality we’re not very overvalued because rates and inflation are so low. What we could talk about is a bear in hibernation. We would keep valuations high, but in a decade from now we are about where we are now and our returns have been a lot below average.”


Financial TImes




Clearly Market Values Now Seeking Greater Fools 


S&P Portrays HUGE 40-55% Downside

"To summarize, on the basis of valuation measures we find most strongly correlated with actual subsequent market returns across history, we presently estimate zero nominal total returns for the S&P 500 over the coming 10-12 year period, with negative real returns on both horizons. We expect that the completion of the current market cycle is likely to take the S&P 500 down by about 40-55%, which would not be a worst-case scenario but a historically run-of-the-mill outcome given present  valuations.                  

                                                                                                                                                      Seeking Alpha  

Read More


Mercury Rapidly Spreads to Land Foods 

Dartmouth-led study illuminates pollutant's movement from aquatic to land food webs

DARTMOUTH COLLEGE

 

You taste like mercury, said the spider to the fly






     Inline images 2

Posted by at

Wednesday 23 March 2016

EYE on the World - The Warm, the Good, the Bulls and the Ugly

Inline images 7 

The Warm, the Good, the Bulls and the Ugly   

Inline images 6



Global Warming: The Future is Happening NOW!  



  

Global warming taking place at an 'alarming rate', UN climate body warns

Inline images 2

“The startlingly high temperatures so far in 2016 have sent shockwaves around the climate science community,” said David Carlson, director of the World Climate Research Programme. 

The Guardian 

http://drkinesa.blogspot.ca/2016/03/global-warming-future-is-happening-now.htmlarns

Good NEWS: U.S. BIG Solar Sets Stage for HUGE Boom  


Big Solar is About to Get Unstoppable 


Big solar used to be almost entirely driven by policy, mainly state renewable energy standards and federal tax credits. It has all but outgrown the first and will outgrow the latter over the next five years.
It's about to stand on its own two feet, outcompeting even rivals that are allowed to dump carbon emissions into the atmosphere for free. It won't be long before the discussion about environmental benefits is moot — utilities will demand solar because it's the cheapest power available.
VOX Energy & Environment 

Bulls Return to Energy Markets



It was one of the darkest periods of the oil market slump. The global economy was showing fresh signs of slowing, and crude prices were collapsing so steeply that virtually every well in America was unprofitable.
But when Diamondback Energy went out to raise $226 million worth of new stock that week in the middle of January, the oil and gas company found more buyers than it could accommodate. It had to nearly double the amount of shares it sold, to four million.
Since Diamondback issued equity that day, the company’s share price has increased more than 29 percent.
The New York Times




U.S. Existing Home Sales Plunge 7.1% 

Headwinds Remain  

Sales of existing homes had stayed strong in spite of multiple headwinds, but February’s decline might signal more weakness ahead.

Home resales plummet as high prices and tight inventory dog the market, bringing out more investors and fewer first-timers.


                                                                                                                                                                                                    Market Watch 




Saudi Aramco, Shell Marriage - Parting is Such Sweet Sorrow



Cash-Strapped Saudi Reshaping Itself


“This partnership made sense when it was formed but things have changed and the market conditions have changed, so it makes sense for this partnership to be dissolved,” Auers said. 

 " It makes fundamental sense

Bloomberg


Inline images 3

Posted by at

Sunday 20 March 2016

EYE on the World: Soon, NO WINTERS in Alaska?

Soon, NO WINTERS in Alaska?


Inline images 1


Today's "Sled Dog TIMES" Headline - NO WINTERS IN ALASKA

Sled Dogs Cheer Global Warming  
Inline images 4
Ain't life grand?
"The winters keep getting warmer. The racers keep getting faster.
When Dallas Seavey and his team of sled dogs arrived in this remote old gold rush town on the Bering Sea shortly after 2 a.m. on Tuesday, Seavey celebrated his fourth victory in just five years in the nearly 1,000-mile sprint across the Alaska wilderness that the world knows as the Iditarod dog sled race. At eight days, 11 hours, 20 minutes and 16 seconds, it was the fastest time in Iditarod history — and the second time Seavey set a course record on his way to victory."
LA Times, March 2016


New Stock Market Crash Inevitable - A Special Report by Wim Grommen



New Stock Market Crash Inevitable

Every production phase or society or other human invention goes through a so-called transformation process. Transitions are social transformation processes that cover at least one generation. In this article I will use one such transition to demonstrate the position of our present civilization and  that a new stock market crash is inevitable.







​ 
 
Iowa Farmers Heading for Cleaners
​ 

​ No Repeat of Farm Crisis

Still, this downturn is unlike the 1980s farm crisis, say Northey and others.
Iowa farmers and investors purchased land with healthy down payments, limiting how much they're leveraged, experts say. And interest rates are significantly lower.
Farmers in the 1980s were paying rates as high as 20 percent, Northey said.
"We still have solid demand," he said. "We've just had some big production years — back to back."


US Shale Producer Faces Biggest $10 Billion Bankruptcy



"The writing has been on the wall for quite a while now," said Kevin Kaiser, an analyst at research firm Hedgeye. Kaiser recommended in 2013 that investors short Linn.

"The company took on way too much debt, primarily in an effort to make distributions to its equity holders that it could never afford."
​ 

-- 


​" ​
Buddy, what's your "Cash Break-Even"?


"Many have already used lifelines like distressed debt exchanges and hired restructuring advisers, so absent that fast rise in WTI, some defaults will be inevitable. We estimate about $40 billion of additional outstanding energy bond debt will likely default this year."
ZERO HEDGE







Inline images 7
Posted by at

Wednesday 16 March 2016

EYE on the World - Hotter Days Sparking Not Just Climate Change

 

Inline images 2


American Economic Anger Driving Elections - Mad as HELL!



Inline images 1
--


GRAB YOUR PITCHFORKS!

On Wednesday, Stiglitz pointed out that 91 percent of economic gains made since the 2008 recession went to the top one percent of earners, while the minimum wage has failed to keep up with the pace of inflation by more than 60 years.

"The American economy is a failed economy," he said. "We have to once again rewrite the rules of the economy for the 21st century." - Common Dreams




Global ALERT: February Hottest in 100 Years - Says #NASA


HIGHWAY TO GATES OF FIRE
​ 

Now you can understand why we don't believe all those politicians and activist who run around promoting phony successes with agreements and more solar cells. Guess What? The climate could care less about our words and aspirations -the FACTS speak for themselves.
​ 







China on Verge of Massive Labor Unrest - Protests on Upswing



"Mr. Zeng, 41, had orchestrated successful campaigns against influential factories and state-owned firms in Guangdong and tutored a generation of labor activists. After his arrest, state news outlets began a smear campaign accusing him of hiring prostitutes, stealing from workers and conspiring with hostile foreign forces."
​    

The New York Times

"Peak Oil Today" - March 14, 2016  

​
"Market watchers are announcing the demise of the oil majors. Not for the first time. According to Jilles van den Beukel, former geoscientist with Shell, the oil companies are indeed seeing their world shrinking. But they are not dead yet: their reason for being – the world’s demand for oil and gas – is still there. Financial analysts are worried about high costs, future oil demand and low reserve replacement ratios. "  - Peak Oil

Quotes of the Week
“I’ve covered this industry since the late 70s and I would have to say I haven’t seen a situation like this, of this magnitude. We’ve concluded that this is not a normal cyclical downturn.”
Carol Cowan, a Moody’s Senior Analyst
“Shale was a hot growth area and companies made the mistake of borrowing too much. It’s amazing that so many people were willing to lend them money. Many are going to file for bankruptcy, and bondholders and equity are going to get wiped out en masse.”
George Schultze,
​ 
Schultze Asset Management
​,​
​ 
New York

​ 
Top Hedge Fund Holds Record Short Position


Need We Say More?



"Today, we received Horseman's latest February numbers and the fund's outperformance has continued: in a very volatile month, in which many hedge funds were stopped out in both directions, Horseman returned a respectable 1.5%, after 8% the month before, and with a 9.6% YTD tally, it remains in the 99%+ percentile of returns for the year."

Zero Hedge



Inline images 1

To subscribe or unsubscribe
​,​
 
​please ​
email 
​us  at "VIP Members' Subscriptions" 


Posted by at
Subscribe to: Posts (Atom)