Long-term shifts in electric sector demand from coal to natural gas are under way and will drive gas prices higher than expected this year and to $4 per million Btu in 2013, says a veteran analyst.
Record gas use by electric utilities, combined with production cuts from drillers stung by recent low prices, have combined to start an upward pricing trend, says Teri Viswanath of BNP Paribas Commodity Markets Strategy Group, in a May 11 market commentary. Keep reading →
It is no secret that the US electricity infrastructure is in large part outdated, often inefficient and hampered by continuing confusion over energy policy direction.
Despite its challenges, the power sector remains a perennial hive of financial activity as development costs remain high, quality assets remain elusive and the mix of financial products required to conduct business grow progressively more complex. Keep reading →
A leading Silicon Valley venture capitalist said last week that the US was handing China the opportunity of becoming the leading economy in the world if it loses the “clean tech war”.
“For approximately 2,000 years, China was the preeminent culture, economy and military force in the world,” Claremont Creek managing director Nat Goldhaber said. “The realization is incredibly simple: they want to get back there again.” Keep reading →
Much like alchemists toiling away in their medieval labs, contemporary firms are trying to find oil out of every other substance that might contain carbon. The challenges are manifold, but the potential prize is huge.
Accelergy, a Houston, Texas-based alternative fuels startup, is trying to commercialize its technology to convert various combinations of coal, natural gas and biomass into a liquid fuel. Keep reading →
Crude oil posted its sharpest fall since May on Monday as world stock markets plunged after an unprecedented downgrade of the US credit rating fueled fears of a double-dip recession in the world’s biggest economy.
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