MarketWatch has compiled a list of hedge funds’ top ten energy stocks as of the end of June. On the list are Anadarko – which yesterday announced the sale of 10% of Mozambique Offshore Area 1 to India’s ONGC for $2.64 bln – as well as Occidental, Hess, and oilfield services firms Schlumberger and Halliburton. [MarketWatch]

Did you know that almost 40% of the energy the US used in 2012 was “rejected”, or in other words, simply lost, primarily as heat? This appears to be a recurring theme in Lawrence Livermore National Laboratory’s yearly update to a beautiful energy use flowchart. “We have to remember that the laws of physics will always prevent us from reaching 100% efficiency,” but “it’s often better to cut 1 watt of demand (1 megawatt) than to add 1 watt of renewable energy supply”. [Treehugger]

The EPA’s modified volume mandates for cellulosic biofuels under the 2013 finalized Renewable Fuel Standard are a prominent example of the failure of many alternative energy projects to meet ambitious expectations. “Many of the nation’s most ambitious energy projects have fallen far short of their lofty goals, either because they were unrealistically optimistic, took too long develop or were abandoned as markets shifted.” [Politico]