EconomyA collection of blog articles about the most important topics in US and world green energy, economy, technology, environment, and Policy issues delivered by others in the community/Economy/Articles/Economy/2012-02-06T06:03:06ZJoomla! 1.5 - Open Source Content ManagementPainlessPump.com :: Economy | Articles2009-04-05T04:49:00Z2009-04-05T04:49:00Z/Economy/Economy/Did-the-Oil-Price-Boom-of-2008-Cause-Crisis.htmlThe WSJ points to a Brookings Institution <a href="http://www.brookings.edu/economics/bpea/~/media/Files/Programs/ES/BPEA/2009_spring_bpea_papers/2009_spring_bpea_hamilton.pdf">paper</a> (pdf) by James Hamilton of Econbrowser looking at the link between high oil prices last year and the credit crunch / financial crisis - <a href="http://blogs.wsj.com/economics/2009/04/03/did-the-oil-price-boom-of-2008-cause-crisis/">Did the Oil Price Boom of 2008 Cause Crisis?</a>. I think trying to pin the blame solely on oil prices is wrong (bad lending practices and foolish borrowing practices were the primary cause) but they certainly contributed to the bust (or at least prevented the housing boom from becoming even crazier).<br /><blockquote>Reeling from the housing bust and the banking crisis, it’s hard to think that the energy shock — the one that carried the average price of gasoline to a peak of $4.11 a gallon last July — was much more than a minor player in the economic downturn. But there’s the uncomfortable fact previous oil shocks, like the ones that came with the 1973 oil embargo, the 1979 Iranian revolution and the 1990 invasion of Kuwait, were also associated with recessions. And the 2001 recession, too, came on the heels of a run-up in oil prices.<br /><br />In a paper presented at the Brookings Panel on Economic Activity Thursday, University of Calif.-San Diego economist James Hamilton crunched some numbers on how consumer spending responds to rising energy prices and came to a surprising result: Nearly all of last year’s economic downturn could be attributed to the oil price shock.<br /><br />As he writes on his blog, that’s a conclusion that he doesn’t quite believe in himself. We’d like to think that, say, the seizing up of the credit markets this fall had something to with the economy falling off the table in the fourth quarter.<br /><br />But then again, maybe what happened to oil prices had something to do with credit markets seizing up. The housing bubble saw people of lesser means traveling further afield to buy homes. That gave them long commutes that they were able to afford when gas was $2 a gallon, but maybe they couldn’t at $3. Housing in the exurbs got hit hardest, and one reason why is that high gasoline prices made it hard for people to lived in them to keep up with their mortgage payments, and hard for them to sell their homes without taking a steep loss. In some meaningful way, that has to have contributed to mortgage problems.<br /><br />A more controversial argument on energy’s role in the credit crunch could go like this. Housing prices kept on climbing, but the Federal Reserve – laboring on the idea that it couldn’t identify bubbles and that even if it could, it shouldn’t pop them — didn’t do anything about them. But then rising oil prices started adding to inflationary pressures, so the Fed kept pushing rates higher, left them high even as housing prices collapsed, and was to slow to lower them when the credit crisis got rolling.</blockquote><div>
<img width="1" height="1" src="http://res1.blogblog.com/tracker/9864176-1676589762382761531?l=peakenergy.blogspot.com" /></div><p></p><p align="right"><a href="http://peakenergy.blogspot.com/2009/04/did-oil-price-boom-of-2008-cause-crisis.html" target="blank">Visit my Blog...</a></p>The WSJ points to a Brookings Institution <a href="http://www.brookings.edu/economics/bpea/~/media/Files/Programs/ES/BPEA/2009_spring_bpea_papers/2009_spring_bpea_hamilton.pdf">paper</a> (pdf) by James Hamilton of Econbrowser looking at the link between high oil prices last year and the credit crunch / financial crisis - <a href="http://blogs.wsj.com/economics/2009/04/03/did-the-oil-price-boom-of-2008-cause-crisis/">Did the Oil Price Boom of 2008 Cause Crisis?</a>. I think trying to pin the blame solely on oil prices is wrong (bad lending practices and foolish borrowing practices were the primary cause) but they certainly contributed to the bust (or at least prevented the housing boom from becoming even crazier).<br /><blockquote>Reeling from the housing bust and the banking crisis, it’s hard to think that the energy shock — the one that carried the average price of gasoline to a peak of $4.11 a gallon last July — was much more than a minor player in the economic downturn. But there’s the uncomfortable fact previous oil shocks, like the ones that came with the 1973 oil embargo, the 1979 Iranian revolution and the 1990 invasion of Kuwait, were also associated with recessions. And the 2001 recession, too, came on the heels of a run-up in oil prices.<br /><br />In a paper presented at the Brookings Panel on Economic Activity Thursday, University of Calif.-San Diego economist James Hamilton crunched some numbers on how consumer spending responds to rising energy prices and came to a surprising result: Nearly all of last year’s economic downturn could be attributed to the oil price shock.<br /><br />As he writes on his blog, that’s a conclusion that he doesn’t quite believe in himself. We’d like to think that, say, the seizing up of the credit markets this fall had something to with the economy falling off the table in the fourth quarter.<br /><br />But then again, maybe what happened to oil prices had something to do with credit markets seizing up. The housing bubble saw people of lesser means traveling further afield to buy homes. That gave them long commutes that they were able to afford when gas was $2 a gallon, but maybe they couldn’t at $3. Housing in the exurbs got hit hardest, and one reason why is that high gasoline prices made it hard for people to lived in them to keep up with their mortgage payments, and hard for them to sell their homes without taking a steep loss. In some meaningful way, that has to have contributed to mortgage problems.<br /><br />A more controversial argument on energy’s role in the credit crunch could go like this. Housing prices kept on climbing, but the Federal Reserve – laboring on the idea that it couldn’t identify bubbles and that even if it could, it shouldn’t pop them — didn’t do anything about them. But then rising oil prices started adding to inflationary pressures, so the Fed kept pushing rates higher, left them high even as housing prices collapsed, and was to slow to lower them when the credit crisis got rolling.</blockquote><div>
<img width="1" height="1" src="http://res1.blogblog.com/tracker/9864176-1676589762382761531?l=peakenergy.blogspot.com" /></div><p></p><p align="right"><a href="http://peakenergy.blogspot.com/2009/04/did-oil-price-boom-of-2008-cause-crisis.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-04-05T00:46:00Z2009-04-05T00:46:00Z/Economy/Economy/Firms-told-to-prepare-now-for-carbon-trading-scheme.html<span>Canberra Times</span><br />Wednesday 1/4/2009 Page: 4<br /><br />Businesses have been told they are "dreaming" if they are hoping for a delay to Australia"s <a href="http://en.wikipedia.org/wiki/Emissions_Trading_Scheme" target="_blank">emissions trading scheme</a> because of the economic crisis or political wrangling. <a href="http://www.climateexchange.com.au/" target="_blank">Australian Climate Exchange</a> managing director Tim Hanlin said with a year to go before the first permits were due to be issued, businesses needed to prepare for the Federal Government"s <a href="http://www.climatechange.gov.au/greenpaper/index.html" target="_blank">carbon pollution reduction scheme</a>.<br /><br />"I think anyone who is betting on a delay to the scheme is probably dreaming," Mr Hanlin said at the Carbon Reduction and Trading Conference in <a href="http://maps.google.com.au/maps?ll=-37.814252,144.96317&z=14&t=h&hl=en" target="_blank">Melbourne</a> yesterday. <a href="http://www.climateexchange.com.au/" target="_blank">Australian Climate Exchange</a>, or <a href="http://www.climateexchange.com.au/" target="_blank">ACX</a>, is a company that will provide a trading platform for emissions commodities, and Mr Hanlin has been lobbying politicians about the final make-up of the scheme.<br /><br />The strong secondary market for trading emission permits the Government aims to create will result in winners and losers, and chief financial officers would be keeping this high on the agenda even in the current crisis. "A year ago I was saying this issue should be sitting with your CFO ... I don"t say that any more because I take that as read," he said. "There has never been a perfect market created yet, for any commodity. "My view is here is an opportunity to set tip another competitive advantage. Even if it"s going to cost you, if it costs less than your opposition then you are ahead." Climate Change Department assistant secretary Anthea Harris described the carbon scheme as the largest shake-up of the economy since deregulation in the 1980s.<br /><br />Ms Harris said large emitters were already involved in preliminary reporting. While the scheme had been in the works for a decade, some emitters had shown a lack of willingness to invest in carbon reduction until the legislation was finalised. "A continuing lingering period of uncertainty is good for no one," she said. "This will have a significant impact. Having a price where there wasn"t a price before will mean people will change their decisions ... " Jennifer Patterson, formerly <a href="http://www.anz.com/" target="_blank">ANZ"s</a> electricity, renewables and emissions director, said climate change had been pushed from the top of the business during the financial crisis. "Businesses are in survival mode and not thinking so mach about strategy," she said.<br /><br />The <a href="http://www.national.com.au/" target="_blank">National Australia Bank"s</a> head of carbon solutions, Sean Lucy, said companies he had dealt with had turned their attention from trying to influence policy to coping with the new reality. Submissions on the draft legislation, due to go before Parliament in the winter sitting, close on April 14.<div><img width="1" height="1" src="http://res1.blogblog.com/tracker/22751196-8594214150539272000?l=ffggippsland.blogspot.com" /></div><p></p><p align="right"><a href="http://ffggippsland.blogspot.com/2009/04/firms-told-to-prepare-now-for-carbon.html" target="blank">Visit my Blog...</a></p><span>Canberra Times</span><br />Wednesday 1/4/2009 Page: 4<br /><br />Businesses have been told they are "dreaming" if they are hoping for a delay to Australia"s <a href="http://en.wikipedia.org/wiki/Emissions_Trading_Scheme" target="_blank">emissions trading scheme</a> because of the economic crisis or political wrangling. <a href="http://www.climateexchange.com.au/" target="_blank">Australian Climate Exchange</a> managing director Tim Hanlin said with a year to go before the first permits were due to be issued, businesses needed to prepare for the Federal Government"s <a href="http://www.climatechange.gov.au/greenpaper/index.html" target="_blank">carbon pollution reduction scheme</a>.<br /><br />"I think anyone who is betting on a delay to the scheme is probably dreaming," Mr Hanlin said at the Carbon Reduction and Trading Conference in <a href="http://maps.google.com.au/maps?ll=-37.814252,144.96317&z=14&t=h&hl=en" target="_blank">Melbourne</a> yesterday. <a href="http://www.climateexchange.com.au/" target="_blank">Australian Climate Exchange</a>, or <a href="http://www.climateexchange.com.au/" target="_blank">ACX</a>, is a company that will provide a trading platform for emissions commodities, and Mr Hanlin has been lobbying politicians about the final make-up of the scheme.<br /><br />The strong secondary market for trading emission permits the Government aims to create will result in winners and losers, and chief financial officers would be keeping this high on the agenda even in the current crisis. "A year ago I was saying this issue should be sitting with your CFO ... I don"t say that any more because I take that as read," he said. "There has never been a perfect market created yet, for any commodity. "My view is here is an opportunity to set tip another competitive advantage. Even if it"s going to cost you, if it costs less than your opposition then you are ahead." Climate Change Department assistant secretary Anthea Harris described the carbon scheme as the largest shake-up of the economy since deregulation in the 1980s.<br /><br />Ms Harris said large emitters were already involved in preliminary reporting. While the scheme had been in the works for a decade, some emitters had shown a lack of willingness to invest in carbon reduction until the legislation was finalised. "A continuing lingering period of uncertainty is good for no one," she said. "This will have a significant impact. Having a price where there wasn"t a price before will mean people will change their decisions ... " Jennifer Patterson, formerly <a href="http://www.anz.com/" target="_blank">ANZ"s</a> electricity, renewables and emissions director, said climate change had been pushed from the top of the business during the financial crisis. "Businesses are in survival mode and not thinking so mach about strategy," she said.<br /><br />The <a href="http://www.national.com.au/" target="_blank">National Australia Bank"s</a> head of carbon solutions, Sean Lucy, said companies he had dealt with had turned their attention from trying to influence policy to coping with the new reality. Submissions on the draft legislation, due to go before Parliament in the winter sitting, close on April 14.<div><img width="1" height="1" src="http://res1.blogblog.com/tracker/22751196-8594214150539272000?l=ffggippsland.blogspot.com" /></div><p></p><p align="right"><a href="http://ffggippsland.blogspot.com/2009/04/firms-told-to-prepare-now-for-carbon.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-02-10T17:58:00Z2009-02-10T17:58:00Z/Economy/Economy/T.-Boone-Pickens-Statement-on-Passage-of-U.S.-Senate-Version-of-Economic-Stimulus-Plan.htmlT. Boone Pickens Statement on Passage of U.S. Senate Version of Economic Stimulus Plan<br /><br />Many Key Elements of Pickens Plan Included in Legislation; Nation Now Needs to Shift Focus to Develop Serious Energy Policy<br /><br />Dallas, TX, February 10, 2009 – T. Boone Pickens offered the following comment today on the passage of the U.S. Senate version of the economic stimulus plan and the progress made on energy policy and investment:<br /><br />“The Senate has taken another important step forward with the energy provisions in the stimulus bill that include investments in renewable energy, encourage conservation and provide funding to rebuild our nation’s transmission grid, all of which are critical elements of the Pickens Plan and all of which create jobs. While the House and the Senate will begin efforts to reconcile their legislation and present a bill to President Obama, we need to make sure that we remember that this is only the start of the effort on energy.<br /><br />“There is much more to do on real energy policy reform. We need to shift our focus to a serious energy bill that addresses the real goal – to reduce our dependence on foreign oil – which will have significant benefits for America by removing one of the greatest threats to our national security and making us more economically secure. The only way to accomplish that goal is to use our abundant supply of domestic fuels in transportation. The Senate and House stimulus legislation still fall short of capitalizing on the potential of natural gas and so I will continue my efforts to focus our government on the benefits of natural gas as Washington further tackles energy policy in the coming months.”<br /><br />Among the key elements of the U.S. Senate economic stimulus bill that are a part of the Pickens Plan are several important provisions to promote renewable energy including:<br /><br />A 3-year extension of the Production Tax Credit for wind projects and an option to choose an Investment Tax Credit in lieu of the Production Tax Credit<br />$8 billion to fund a new renewable loan guarantee program, potentially providing loan guarantees to over $80 billion in new renewable project and transmission project loans<br />A new investment tax credit for renewable energy manufacturers<br />An additional year of bonus depreciation for 2009<br />Targeted provisions to encourage renewable transmission<br /><br />While the Senate economic stimulus bill makes some progress, there remain some additional actions that should be taken in conference with the House of Representatives on their legislation including:<br /><br />Include the House passed provision enabling renewable developers to exchange their investment tax credits for grants of equal value from the Department of Energy, but extend the program through 2011<br />Provide direction to the Department of Energy to improve the loan guarantee program so that it provides an efficient process for applying for and receiving loan guarantees<br /><br />About the Pickens Plan<br /><br />Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.<br />More than 1,400,000 people have joined the Pickens Army through the website <a title="blocked::https://mail.mercuryllc.com/owa/redir.aspx?C=25b6b635b7e142ab8bf133706945221d&URL=http://www.pickensplan.com/
https://mail.mercuryllc.com/owa/redir.aspx?C=25b6b635b7e142ab8bf133706945221d&URL=http%3a%2f%2fwww.pickensplan.com%2f" href="https://mail.mercuryllc.com/owa/redir.aspx?C=25b6b635b7e142ab8bf133706945221d&URL=http%3A%2F%2Fwww.pickensplan.com%2F" target="_blank">www.pickensplan.com</a> , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.<br /><br /><br /><br /><br /><br /><br /><br /><br />news & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.<br />Member sign-up- http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/02/t-boone-pickens-statement-on-passage-of.html" target="blank">Visit my Blog...</a></p>T. Boone Pickens Statement on Passage of U.S. Senate Version of Economic Stimulus Plan<br /><br />Many Key Elements of Pickens Plan Included in Legislation; Nation Now Needs to Shift Focus to Develop Serious Energy Policy<br /><br />Dallas, TX, February 10, 2009 – T. Boone Pickens offered the following comment today on the passage of the U.S. Senate version of the economic stimulus plan and the progress made on energy policy and investment:<br /><br />“The Senate has taken another important step forward with the energy provisions in the stimulus bill that include investments in renewable energy, encourage conservation and provide funding to rebuild our nation’s transmission grid, all of which are critical elements of the Pickens Plan and all of which create jobs. While the House and the Senate will begin efforts to reconcile their legislation and present a bill to President Obama, we need to make sure that we remember that this is only the start of the effort on energy.<br /><br />“There is much more to do on real energy policy reform. We need to shift our focus to a serious energy bill that addresses the real goal – to reduce our dependence on foreign oil – which will have significant benefits for America by removing one of the greatest threats to our national security and making us more economically secure. The only way to accomplish that goal is to use our abundant supply of domestic fuels in transportation. The Senate and House stimulus legislation still fall short of capitalizing on the potential of natural gas and so I will continue my efforts to focus our government on the benefits of natural gas as Washington further tackles energy policy in the coming months.”<br /><br />Among the key elements of the U.S. Senate economic stimulus bill that are a part of the Pickens Plan are several important provisions to promote renewable energy including:<br /><br />A 3-year extension of the Production Tax Credit for wind projects and an option to choose an Investment Tax Credit in lieu of the Production Tax Credit<br />$8 billion to fund a new renewable loan guarantee program, potentially providing loan guarantees to over $80 billion in new renewable project and transmission project loans<br />A new investment tax credit for renewable energy manufacturers<br />An additional year of bonus depreciation for 2009<br />Targeted provisions to encourage renewable transmission<br /><br />While the Senate economic stimulus bill makes some progress, there remain some additional actions that should be taken in conference with the House of Representatives on their legislation including:<br /><br />Include the House passed provision enabling renewable developers to exchange their investment tax credits for grants of equal value from the Department of Energy, but extend the program through 2011<br />Provide direction to the Department of Energy to improve the loan guarantee program so that it provides an efficient process for applying for and receiving loan guarantees<br /><br />About the Pickens Plan<br /><br />Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.<br />More than 1,400,000 people have joined the Pickens Army through the website <a title="blocked::https://mail.mercuryllc.com/owa/redir.aspx?C=25b6b635b7e142ab8bf133706945221d&URL=http://www.pickensplan.com/
https://mail.mercuryllc.com/owa/redir.aspx?C=25b6b635b7e142ab8bf133706945221d&URL=http%3a%2f%2fwww.pickensplan.com%2f" href="https://mail.mercuryllc.com/owa/redir.aspx?C=25b6b635b7e142ab8bf133706945221d&URL=http%3A%2F%2Fwww.pickensplan.com%2F" target="_blank">www.pickensplan.com</a> , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.<br /><br /><br /><br /><br /><br /><br /><br /><br />news & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.<br />Member sign-up- http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/02/t-boone-pickens-statement-on-passage-of.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-01-29T21:47:00Z2009-01-29T21:47:00Z/Economy/Economy/World-Economic-Forum-Report-US-$-515-Billion-needed-in-Green-Investments.htmlWorld Economic Forum Report: US $ 515 Billion needed in Green Investments<br /><br />Davos-Klosters, Switzerland, 29 January 2009 − The World Economic Forum today released the Green Investing: Towards a Clean Energy Infrastructure report. The report outlines the scale of the investments needed to develop a clean energy infrastructure and move to towards a low-carbon economy.<br /><br />New Energy Finance, which collaborated with the World Economic Forum on the report, warns that unless at least US$ 515 billion per annum is invested in clean energy between now and 2030, carbon emissions will reach a level deemed unsustainable by scientists, causing temperatures to rise by two degrees globally.<br /><br />The report identifies eight emerging, large-scale clean energy sectors that are expected to significantly contribute in the move to a clean energy infrastructure of the future: onshore wind, offshore wind, solar photovoltaic, solar thermal electricity generation, municipal solar waste-to-energy, sugar-based ethanol, cellulosic and next generation biofuels, and geothermal power.<br /><br />The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change. In light of the global financial crisis, it is crucial that every dollar is made to ‘multi-task’ to create a sustainable low-carbon economy.”<br /><br />Clean energy opportunities have the potential to generate significant economic returns. The report shows that even after a tumultuous 2008, an index of the world’s 90 leading clean energy companies had a five-year compounded annualized return of almost 10%, unmatched by the world’s major stock indices.<br /><br />Other highlights from the report include:• Clean energy investments increased from around US$ 30 billion in 2004 to over US$ 140 billion by 2008. Investments in 2008 exceeded expectations at US$ 155 billion (the report is based on projections for 2008 – which suggests that US$ 142 billion would be invested by year-end).• Investment in clean energy has not only increased, but has also diversified geographically. Developing countries attracted 23% (US$ 26 billion) of asset financing in 2007, compared to 13% (US$ 1.8 billion) in 2004.• In addition, four key enablers for a shift to clean energy will be energy efficiency, smart grids, energy storage, and carbon capture and storage.• Well-developed conditions for innovation, markets for clean energy through public procurement, energy efficiency standards and stable and simple policies are essential to meet the climate change challenge.<br /><br />Earlier today, speaking at a press conference at the World Economic Forum Annual Meeting 2009, Yvo de Boer, Executive Secretary of the UNFCCC, Connie Hedegaard, Minister of Climate and Energy for Denmark, and Lord Nicholas Stern, among many others – including senior business and NGO representatives and Members of the World Economic Forum’s Global Agenda Council on Climate Change – issued a statement urging the link of the economy and climate agendas in 2009. They warn against complacency in the UN climate talks, due to conclude in December in Copenhagen to replace the Kyoto Protocol.<br /><br />Their statement suggests using some of the money available from fiscal stimulus packages to invest in activities that can provide jobs as well as create low emission options. They say that linking the economy and climate discussions in this way can create a “diplomatic opportunity” in 2009.<br /><br />They urge business, governments, experts and civil society groups to come together to design “win-win” projects and collaborations – projects that are good for the economy in the short term and that help to tackle climate change in the longer term. The group calls for this “unprecedented collaboration” to be launched at the World Economic Forum Annual Meeting, and to use 2009 to build this set of projects. They say that this could also help the UN climate talks. The full statement is available <a href="http://www.weforum.org/pdf/climate/ClimateChange_GACmessage.pdf">here.</a><br /><br /><br /><br /><span></span><br /><span>News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/</span><div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/world-economic-forum-report-us-515.html" target="blank">Visit my Blog...</a></p>World Economic Forum Report: US $ 515 Billion needed in Green Investments<br /><br />Davos-Klosters, Switzerland, 29 January 2009 − The World Economic Forum today released the Green Investing: Towards a Clean Energy Infrastructure report. The report outlines the scale of the investments needed to develop a clean energy infrastructure and move to towards a low-carbon economy.<br /><br />New Energy Finance, which collaborated with the World Economic Forum on the report, warns that unless at least US$ 515 billion per annum is invested in clean energy between now and 2030, carbon emissions will reach a level deemed unsustainable by scientists, causing temperatures to rise by two degrees globally.<br /><br />The report identifies eight emerging, large-scale clean energy sectors that are expected to significantly contribute in the move to a clean energy infrastructure of the future: onshore wind, offshore wind, solar photovoltaic, solar thermal electricity generation, municipal solar waste-to-energy, sugar-based ethanol, cellulosic and next generation biofuels, and geothermal power.<br /><br />The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change. In light of the global financial crisis, it is crucial that every dollar is made to ‘multi-task’ to create a sustainable low-carbon economy.”<br /><br />Clean energy opportunities have the potential to generate significant economic returns. The report shows that even after a tumultuous 2008, an index of the world’s 90 leading clean energy companies had a five-year compounded annualized return of almost 10%, unmatched by the world’s major stock indices.<br /><br />Other highlights from the report include:• Clean energy investments increased from around US$ 30 billion in 2004 to over US$ 140 billion by 2008. Investments in 2008 exceeded expectations at US$ 155 billion (the report is based on projections for 2008 – which suggests that US$ 142 billion would be invested by year-end).• Investment in clean energy has not only increased, but has also diversified geographically. Developing countries attracted 23% (US$ 26 billion) of asset financing in 2007, compared to 13% (US$ 1.8 billion) in 2004.• In addition, four key enablers for a shift to clean energy will be energy efficiency, smart grids, energy storage, and carbon capture and storage.• Well-developed conditions for innovation, markets for clean energy through public procurement, energy efficiency standards and stable and simple policies are essential to meet the climate change challenge.<br /><br />Earlier today, speaking at a press conference at the World Economic Forum Annual Meeting 2009, Yvo de Boer, Executive Secretary of the UNFCCC, Connie Hedegaard, Minister of Climate and Energy for Denmark, and Lord Nicholas Stern, among many others – including senior business and NGO representatives and Members of the World Economic Forum’s Global Agenda Council on Climate Change – issued a statement urging the link of the economy and climate agendas in 2009. They warn against complacency in the UN climate talks, due to conclude in December in Copenhagen to replace the Kyoto Protocol.<br /><br />Their statement suggests using some of the money available from fiscal stimulus packages to invest in activities that can provide jobs as well as create low emission options. They say that linking the economy and climate discussions in this way can create a “diplomatic opportunity” in 2009.<br /><br />They urge business, governments, experts and civil society groups to come together to design “win-win” projects and collaborations – projects that are good for the economy in the short term and that help to tackle climate change in the longer term. The group calls for this “unprecedented collaboration” to be launched at the World Economic Forum Annual Meeting, and to use 2009 to build this set of projects. They say that this could also help the UN climate talks. The full statement is available <a href="http://www.weforum.org/pdf/climate/ClimateChange_GACmessage.pdf">here.</a><br /><br /><br /><br /><span></span><br /><span>News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/</span><div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/world-economic-forum-report-us-515.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-01-28T14:10:00Z2009-01-28T14:10:00Z/Economy/Economy/Renewable-Energy-Stocks-Sector-Close-Up-Investors-See-Green-in-North-American-Stocks-as-well-as-German-Solar-Stocks.htmlRenewable Energy Stocks Sector Close-Up; Investors See Green in North American Stocks as well as German Solar Stocks <br /><br /><br />POINT ROBERTS, WA —January 28, 2009 - <a href="http://www.renewableenergystocks.com/">www.RenewableEnergyStocks.com</a>,<br />a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks trading as of January 27th, 2009.<br /><br />Sector Close-Up as of Trading Close January 27, 2009:<br /><br />Akeena Solar Inc. (<a href="http://finance.yahoo.com/q?s=akns">NASDAQ:AKNS</a>) closed down on the day, but up in after market hours. <br />Archer-Daniels-Midland Co. (<a href="http://finance.yahoo.com/q?s=adm">NYSE:ADM</a>) had gains of $0.29.<br />Canadian Solar Inc. (<a href="http://finance.yahoo.com/q?s=csiq">NasdaqGM: CSIQ</a>) increased $0.12 (2.30%). <br />Carbon Sciences, Inc. (<a href="http://finance.yahoo.com/q?s=cabn.ob">OTCBB: CABN</a>) closed unchanged on the day.<br />China Technology Development (<a href="http://finance.yahoo.com/q?s=ctdc">NASDAQ: CTDC</a>) closed up $ 0.05 (2.24 %),<br />Clean Energy Fuels Corp. (<a href="http://finance.yahoo.com/q?s=clne">NASDAQ:CLNE</a>) closed down $0.02 but up in after hours trading.<br />Energy Conversion Devices, Inc. (<a href="http://finance.yahoo.com/q?s=ener">NasdaqNM: ENER</a>) was up $ 0.71 (2.86%) and continued gains in after hours trading.<br />Evergreen Solar Inc (<a href="http://finance.yahoo.com/q?s=eslr">NASDAQ:ESLR</a>) closed up $0.09 (4.25%). <br />First Solar, Inc. (<a href="http://finance.yahoo.com/q?s=fslr">NASDAQ: FSLR</a>) had gains of $2.03. <br />GWS TECHNOLOGIES INC (<a href="http://finance.yahoo.com/q?s=gwsc.ob">OTCBB: GWSC</a>) closed down at $0.26.<br />ICP Solar Technologies Inc. (<a href="http://finance.yahoo.com/q?s=icpr.ob">OTCBB: ICPR</a>) traded up $ 0.02 (15.03%).<br />Mantra Venture Group Ltd. (<a href="http://finance.yahoo.com/q?s=mvtg.ob">OTCBB: MVTG</a>) closed at $0.359.<br />OriginOil, Inc (<a href="http://finance.yahoo.com/q?s=ooil.ob">OTCBB: OOIL</a>) closed up $0.01 (2.78%). <br />SunPower Corporation (<a href="http://finance.yahoo.com/q?s=spwra">NasdaqGS: SPWRA</a>) had gains of $0.75 (2.60%).<br />Suntech Power Holdings Co. Ltd. (<a href="http://finance.yahoo.com/q?s=stp">NYSE: STP</a>) moved up $0.55 (6.21%).<br />Sustainable Energy Technologies Ltd (<a href="http://finance.yahoo.com/q?s=stg.v">TSX.V: STG</a>) closed unchanged.<br />Westport Innovations Inc. (<a href="http://finance.yahoo.com/q?s=wpt.to">WPT.TO</a>) was up $ 0.03 (0.45%)<br />Yingli Green Energy (<a href="http://finance.yahoo.com/q?s=yge">NYSE: YGE</a>) closed up $0.06 (1.14%) and another $0.12 (2.25%) after hours.<br />XsunX Inc. (<a href="http://finance.yahoo.com/q?s=XSNXE.OB">OTCBB: XSNXE</a>) closed at $0.175.<br /><br />German solar stocks saw gains with: Phoenix Solar AG (PS4 GY) up 11%,<br />Q-Cells SE (QCE GY) up 4.3 percent to 19.93 euro and Solarworld AG (SWV GY) gaining 7.3 % 16.27 euros.<br /><br />Investor Ideas solar expert J. Peter Lynch noted, “German solar stocks showed some life yesterday after two of the strongest German PV companies Q-Cells and Solarworld confirmed strong outlooks for 2009. Both companies are close to giving technical buy signals, especially Solarworld, which is close to breaking through upside resistance. I consider both of these companies to be the leaders of the German PV industry group.”<br /><br />Read Renewable and Solar Energy Perspectives with J. Peter Lynch <a href="http://www.renewableenergystocks.com/PL/">http://www.renewableenergystocks.com/PL/</a><br /><br />For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.<br /><a href="http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp">http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp</a><br /><br />Featured Showcase Renewable Energy Stocks:<br /><br />XsunX Inc.: (OTCBB: XSNX)<br />Recent News: <a href="http://www.investorideas.com/Companies/ViewDocument.asp?ID=5705">XsunX Announces Sales Contract to Supply 4 Megawatts of its ASI-120 Thin Film Solar Modules</a><br />Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: <a href="http://www.investorideas.com/co/xsnx/default.asp">http://www.investorideas.com/co/xsnx/default.asp</a> or <a href="http://www.xsunx.com/">http://www.xsunx.com/</a><br /><br />OriginOil, Inc: (OTCBB: OOIL)<br />Watch video: CEO Riggs Eckelberry discusses algae as a reliable source for biofuel production and its future under a new administration. “This is the beginning of a new industry for investors he comments.” <br /><a href="http://www.emergingcompany.com/volume13week3f.htm">http://www.emergingcompany.com/volume13week3f.htm</a><br /><br />OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world"s oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. <a href="http://www.investorideas.com/CO/OOIL/Default.asp">http://www.investorideas.com/CO/OOIL/Default.asp</a> and <a href="http://www.originoil.com/">www.originoil.com</a>.<br /><br />Carbon Sciences, Inc. (OTCBB: CABN)<br />Recent news: <a href="http://www.investorideas.com/Companies/ViewDocument.asp?ID=5711">Carbon Sciences Readies for Growth as Obama Inauguration Marks Dramatic Shift in U.S. Policy and Federal Support for Renewable Energy</a><br />Carbon Sciences, Inc. is developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world. Company Showcase Profile page: <a href="http://www.investorideas.com/co/cabn/">http://www.investorideas.com/co/cabn/</a> and <a href="http://www.carbonsciences.com/">http://www.carbonsciences.com/</a><br /><br />About Our Green Investor Portals:<br />www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.<br /><br />Renewable Energy Stocks Directory:<br />Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete <a href="http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp">renewable energy stocks directory</a>. Learn more: <a href="http://www.investorideas.com/membership/">http://www.investorideas.com/membership/</a><br /><br />Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: <a href="http://www.investorideas.com/About/Disclaimer.asp">www.InvestorIdeas.com/About/Disclaimer.asp</a><br />Compensation disclosure for XSNX, CABN, OOIL, MVTG:<br /><a href="http://www.investorideas.com/About/News/Clientspecifics.asp">http://www.investorideas.com/About/News/Clientspecifics.asp</a><br /><br />For more information contact:<br /><br />Dawn Van Zant 800.665.0411<br />Email: dvanzant@investorideas.com<br />Source: RenewableEnergyStocks.com, XsunX, OriginOil, Inc, Carbon Sciences, Inc<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/renewable-energy-stocks-sector-close-up_28.html" target="blank">Visit my Blog...</a></p>Renewable Energy Stocks Sector Close-Up; Investors See Green in North American Stocks as well as German Solar Stocks <br /><br /><br />POINT ROBERTS, WA —January 28, 2009 - <a href="http://www.renewableenergystocks.com/">www.RenewableEnergyStocks.com</a>,<br />a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks trading as of January 27th, 2009.<br /><br />Sector Close-Up as of Trading Close January 27, 2009:<br /><br />Akeena Solar Inc. (<a href="http://finance.yahoo.com/q?s=akns">NASDAQ:AKNS</a>) closed down on the day, but up in after market hours. <br />Archer-Daniels-Midland Co. (<a href="http://finance.yahoo.com/q?s=adm">NYSE:ADM</a>) had gains of $0.29.<br />Canadian Solar Inc. (<a href="http://finance.yahoo.com/q?s=csiq">NasdaqGM: CSIQ</a>) increased $0.12 (2.30%). <br />Carbon Sciences, Inc. (<a href="http://finance.yahoo.com/q?s=cabn.ob">OTCBB: CABN</a>) closed unchanged on the day.<br />China Technology Development (<a href="http://finance.yahoo.com/q?s=ctdc">NASDAQ: CTDC</a>) closed up $ 0.05 (2.24 %),<br />Clean Energy Fuels Corp. (<a href="http://finance.yahoo.com/q?s=clne">NASDAQ:CLNE</a>) closed down $0.02 but up in after hours trading.<br />Energy Conversion Devices, Inc. (<a href="http://finance.yahoo.com/q?s=ener">NasdaqNM: ENER</a>) was up $ 0.71 (2.86%) and continued gains in after hours trading.<br />Evergreen Solar Inc (<a href="http://finance.yahoo.com/q?s=eslr">NASDAQ:ESLR</a>) closed up $0.09 (4.25%). <br />First Solar, Inc. (<a href="http://finance.yahoo.com/q?s=fslr">NASDAQ: FSLR</a>) had gains of $2.03. <br />GWS TECHNOLOGIES INC (<a href="http://finance.yahoo.com/q?s=gwsc.ob">OTCBB: GWSC</a>) closed down at $0.26.<br />ICP Solar Technologies Inc. (<a href="http://finance.yahoo.com/q?s=icpr.ob">OTCBB: ICPR</a>) traded up $ 0.02 (15.03%).<br />Mantra Venture Group Ltd. (<a href="http://finance.yahoo.com/q?s=mvtg.ob">OTCBB: MVTG</a>) closed at $0.359.<br />OriginOil, Inc (<a href="http://finance.yahoo.com/q?s=ooil.ob">OTCBB: OOIL</a>) closed up $0.01 (2.78%). <br />SunPower Corporation (<a href="http://finance.yahoo.com/q?s=spwra">NasdaqGS: SPWRA</a>) had gains of $0.75 (2.60%).<br />Suntech Power Holdings Co. Ltd. (<a href="http://finance.yahoo.com/q?s=stp">NYSE: STP</a>) moved up $0.55 (6.21%).<br />Sustainable Energy Technologies Ltd (<a href="http://finance.yahoo.com/q?s=stg.v">TSX.V: STG</a>) closed unchanged.<br />Westport Innovations Inc. (<a href="http://finance.yahoo.com/q?s=wpt.to">WPT.TO</a>) was up $ 0.03 (0.45%)<br />Yingli Green Energy (<a href="http://finance.yahoo.com/q?s=yge">NYSE: YGE</a>) closed up $0.06 (1.14%) and another $0.12 (2.25%) after hours.<br />XsunX Inc. (<a href="http://finance.yahoo.com/q?s=XSNXE.OB">OTCBB: XSNXE</a>) closed at $0.175.<br /><br />German solar stocks saw gains with: Phoenix Solar AG (PS4 GY) up 11%,<br />Q-Cells SE (QCE GY) up 4.3 percent to 19.93 euro and Solarworld AG (SWV GY) gaining 7.3 % 16.27 euros.<br /><br />Investor Ideas solar expert J. Peter Lynch noted, “German solar stocks showed some life yesterday after two of the strongest German PV companies Q-Cells and Solarworld confirmed strong outlooks for 2009. Both companies are close to giving technical buy signals, especially Solarworld, which is close to breaking through upside resistance. I consider both of these companies to be the leaders of the German PV industry group.”<br /><br />Read Renewable and Solar Energy Perspectives with J. Peter Lynch <a href="http://www.renewableenergystocks.com/PL/">http://www.renewableenergystocks.com/PL/</a><br /><br />For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.<br /><a href="http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp">http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp</a><br /><br />Featured Showcase Renewable Energy Stocks:<br /><br />XsunX Inc.: (OTCBB: XSNX)<br />Recent News: <a href="http://www.investorideas.com/Companies/ViewDocument.asp?ID=5705">XsunX Announces Sales Contract to Supply 4 Megawatts of its ASI-120 Thin Film Solar Modules</a><br />Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: <a href="http://www.investorideas.com/co/xsnx/default.asp">http://www.investorideas.com/co/xsnx/default.asp</a> or <a href="http://www.xsunx.com/">http://www.xsunx.com/</a><br /><br />OriginOil, Inc: (OTCBB: OOIL)<br />Watch video: CEO Riggs Eckelberry discusses algae as a reliable source for biofuel production and its future under a new administration. “This is the beginning of a new industry for investors he comments.” <br /><a href="http://www.emergingcompany.com/volume13week3f.htm">http://www.emergingcompany.com/volume13week3f.htm</a><br /><br />OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world"s oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. <a href="http://www.investorideas.com/CO/OOIL/Default.asp">http://www.investorideas.com/CO/OOIL/Default.asp</a> and <a href="http://www.originoil.com/">www.originoil.com</a>.<br /><br />Carbon Sciences, Inc. (OTCBB: CABN)<br />Recent news: <a href="http://www.investorideas.com/Companies/ViewDocument.asp?ID=5711">Carbon Sciences Readies for Growth as Obama Inauguration Marks Dramatic Shift in U.S. Policy and Federal Support for Renewable Energy</a><br />Carbon Sciences, Inc. is developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world. Company Showcase Profile page: <a href="http://www.investorideas.com/co/cabn/">http://www.investorideas.com/co/cabn/</a> and <a href="http://www.carbonsciences.com/">http://www.carbonsciences.com/</a><br /><br />About Our Green Investor Portals:<br />www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.<br /><br />Renewable Energy Stocks Directory:<br />Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete <a href="http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp">renewable energy stocks directory</a>. Learn more: <a href="http://www.investorideas.com/membership/">http://www.investorideas.com/membership/</a><br /><br />Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: <a href="http://www.investorideas.com/About/Disclaimer.asp">www.InvestorIdeas.com/About/Disclaimer.asp</a><br />Compensation disclosure for XSNX, CABN, OOIL, MVTG:<br /><a href="http://www.investorideas.com/About/News/Clientspecifics.asp">http://www.investorideas.com/About/News/Clientspecifics.asp</a><br /><br />For more information contact:<br /><br />Dawn Van Zant 800.665.0411<br />Email: dvanzant@investorideas.com<br />Source: RenewableEnergyStocks.com, XsunX, OriginOil, Inc, Carbon Sciences, Inc<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/renewable-energy-stocks-sector-close-up_28.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-01-27T14:47:00Z2009-01-27T14:47:00Z/Economy/Economy/Ocean-Power-Technologies-and-Lockheed-Martin-Announce-Collaboration-for-Utility-Wave-Power-Project.htmlOcean Power Technologies and Lockheed Martin Announce Collaboration for Utility Wave Power Project <br /><br />MOORESTOWN, N.J. and PENNINGTON, N.J., - Lockheed Martin (<a href="http://finance.yahoo.com/q?s=lmt">NYSE: LMT</a>) and Ocean Power Technologies, Inc. (OPT) (<a href="http://finance.yahoo.com/q?s=optt">Nasdaq: OPTT)</a> and London Stock Exchange AIM: OPT) announced they have signed a letter of intent to collaborate in the development of a utility-scale wave power generation project in North America.<br /><br />Lockheed Martin and OPT intend to enter into an agreement under which OPT would provide its project and site development expertise, build the power take-off and control systems of the plant, and provide its proprietary PowerBuoy(R) technology. Lockheed Martin would provide construction, systems integration and deployment of the plant, as well as operations and maintenance services.<br /><br />This is the first agreement between the two companies for a utility-scale renewable energy project and builds on their previous work together on systems for U.S. homeland security and maritime surveillance consisting of OPT"s unique autonomous PowerBuoy integrated with Lockheed Martin"s advanced acoustic sensors, signal processing and communications systems.<br /><br />OPT"s PowerBuoy wave generation system uses a "smart" buoy to capture and convert wave energy into low-cost, clean electricity. The generated power is transmitted ashore via an underwater power cable. The prospective wave power project between Lockheed Martin and OPT is expected to be off the coasts of either California or Oregon.<br /><br />Dr. George W. Taylor, Chief Executive Officer of OPT, said "We are pleased to announce these plans to work with Lockheed Martin to pursue a utility-scale power station using our PowerBuoy technology. This collaboration will serve to draw on the key strengths of each company, and leverage our respective commitments to renewable energy as both the U.S. federal and state governments increase their investment in the sector. We believe that our existing and prospective customers will highly value the combined innovation and execution capability this match brings to the marketplace."<br /><br />"This agreement is another step in Lockheed Martin"s effort to support our national security through energy independence built around zero-emission renewable energy sources," said Howard Luebcke, Lockheed Martin director of Renewable Energy Business Development. "The depth and breadth of Lockheed Martin"s systems engineering, procurement, manufacturing and process improvement capabilities, combined with OPT"s innovative PowerBuoy technology and their project development experience, will promote the rapid deployment of utility-scale systems."<br /><br />In November 2007, Lockheed Martin teamed with Starwood Energy Group to pursue utility solar generation projects in North America and has been pursuing multiple utility-scale opportunities. In December 2008, Lockheed Martin broke ground for construction of a solar power test bed to support these efforts, demonstrating its systems engineering and resources commitment to the renewable power generation market.<br /><br /><br /><br />About Ocean Power Technologies<br /><br />Ocean Power Technologies (Nasdaq: OPTT and London Stock Exchange AIM: OPT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean, and environmentally-beneficial electricity. OPT has a strong track record in harnessing wave energy and participates in a $150 billion annual power generation equipment market. The Company"s proprietary PowerBuoy system is based on modular, ocean-going buoys that capture and convert predictable wave energy into low-cost, clean electricity. The Company is widely recognized as the leading provider of on-grid and autonomous wave-energy generation with its energy systems benefiting from over a decade of in-ocean experience. OPT"s technology and systems are insured by Lloyds Underwriters of London. OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK. More information can be found at <a href="http://www.oceanpowertechnologies.com/">http://www.oceanpowertechnologies.com</a>.<br /><br /><br /><br />About Lockheed Martin<br /><br />Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.<br /><br />For additional information about Lockheed Martin, visit: <a href="http://www.lockheedmartin.com/">http://www.lockheedmartin.com</a><br /><br />SOURCE Lockheed Martin<br /><br /><br /><br /><br /><br />News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/ocean-power-technologies-and-lockheed.html" target="blank">Visit my Blog...</a></p>Ocean Power Technologies and Lockheed Martin Announce Collaboration for Utility Wave Power Project <br /><br />MOORESTOWN, N.J. and PENNINGTON, N.J., - Lockheed Martin (<a href="http://finance.yahoo.com/q?s=lmt">NYSE: LMT</a>) and Ocean Power Technologies, Inc. (OPT) (<a href="http://finance.yahoo.com/q?s=optt">Nasdaq: OPTT)</a> and London Stock Exchange AIM: OPT) announced they have signed a letter of intent to collaborate in the development of a utility-scale wave power generation project in North America.<br /><br />Lockheed Martin and OPT intend to enter into an agreement under which OPT would provide its project and site development expertise, build the power take-off and control systems of the plant, and provide its proprietary PowerBuoy(R) technology. Lockheed Martin would provide construction, systems integration and deployment of the plant, as well as operations and maintenance services.<br /><br />This is the first agreement between the two companies for a utility-scale renewable energy project and builds on their previous work together on systems for U.S. homeland security and maritime surveillance consisting of OPT"s unique autonomous PowerBuoy integrated with Lockheed Martin"s advanced acoustic sensors, signal processing and communications systems.<br /><br />OPT"s PowerBuoy wave generation system uses a "smart" buoy to capture and convert wave energy into low-cost, clean electricity. The generated power is transmitted ashore via an underwater power cable. The prospective wave power project between Lockheed Martin and OPT is expected to be off the coasts of either California or Oregon.<br /><br />Dr. George W. Taylor, Chief Executive Officer of OPT, said "We are pleased to announce these plans to work with Lockheed Martin to pursue a utility-scale power station using our PowerBuoy technology. This collaboration will serve to draw on the key strengths of each company, and leverage our respective commitments to renewable energy as both the U.S. federal and state governments increase their investment in the sector. We believe that our existing and prospective customers will highly value the combined innovation and execution capability this match brings to the marketplace."<br /><br />"This agreement is another step in Lockheed Martin"s effort to support our national security through energy independence built around zero-emission renewable energy sources," said Howard Luebcke, Lockheed Martin director of Renewable Energy Business Development. "The depth and breadth of Lockheed Martin"s systems engineering, procurement, manufacturing and process improvement capabilities, combined with OPT"s innovative PowerBuoy technology and their project development experience, will promote the rapid deployment of utility-scale systems."<br /><br />In November 2007, Lockheed Martin teamed with Starwood Energy Group to pursue utility solar generation projects in North America and has been pursuing multiple utility-scale opportunities. In December 2008, Lockheed Martin broke ground for construction of a solar power test bed to support these efforts, demonstrating its systems engineering and resources commitment to the renewable power generation market.<br /><br /><br /><br />About Ocean Power Technologies<br /><br />Ocean Power Technologies (Nasdaq: OPTT and London Stock Exchange AIM: OPT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean, and environmentally-beneficial electricity. OPT has a strong track record in harnessing wave energy and participates in a $150 billion annual power generation equipment market. The Company"s proprietary PowerBuoy system is based on modular, ocean-going buoys that capture and convert predictable wave energy into low-cost, clean electricity. The Company is widely recognized as the leading provider of on-grid and autonomous wave-energy generation with its energy systems benefiting from over a decade of in-ocean experience. OPT"s technology and systems are insured by Lloyds Underwriters of London. OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK. More information can be found at <a href="http://www.oceanpowertechnologies.com/">http://www.oceanpowertechnologies.com</a>.<br /><br /><br /><br />About Lockheed Martin<br /><br />Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.<br /><br />For additional information about Lockheed Martin, visit: <a href="http://www.lockheedmartin.com/">http://www.lockheedmartin.com</a><br /><br />SOURCE Lockheed Martin<br /><br /><br /><br /><br /><br />News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/ocean-power-technologies-and-lockheed.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-01-26T17:14:00Z2009-01-26T17:14:00Z/Economy/Economy/First-Solar-Applauds-International-Renewable-Energy-Initiative.html<span><span>First Solar Applauds International Renewable Energy Initiative<br /><br /><br />TEMPE, Ariz.--Jan 26 2009 --First Solar, Inc. (</span><a title="blocked::http://finance.yahoo.com/q?s=" href="http://finance.yahoo.com/q?s=FSLR"><span>Nasdaq: FSLR)</span></a><span> today applauded the creation of the new International Renewable Energy Agency (IRENA) as an important step in promoting investments in renewable energies worldwide.<br /><br />IRENA is an international organization created to promote renewable energy options on a global scale. This ambitious initiative will offer both industrialized and developing nations advice and support when seeking renewable energy solutions.<br /><br />“The creation of IRENA sends a clear signal to markets worldwide that renewable energy will be a public policy priority for many years to come and shows that policy makers are serious about fighting global warming,” said Mike Ahearn, CEO of First Solar. “We encourage the United States and all other nations that have not yet committed to join IRENA and to actively support its vision of a more sustainable environment for future generations.”<br /><br />It is IRENA’s goal to become the main driving force in promoting widespread sustainability. The agency plans to aid nations in accessing relevant information and reliable data on the renewable energy industry. IRENA will also help countries improve their regulatory frameworks and build their renewable energy capacity.<br /><br />“The level of international support for IRENA shows that the need to invest in alternatives to fossil fuels is as important for developing countries as it is for developed countries,” Ahearn said. “We expect IRENA to become a powerful force in identifying and promoting best practices and thereby help governments and private investors optimize their investments in renewable energies.”<br /><br />The agency plans to cooperate with other organizations that are already active in the renewable energy field in order to complement their initiatives. The Founding Conference for IRENA, where the Treaty will be signed, will be held today in Bonn, Germany.<br /><br />About First Solar<br /><br />First Solar, Inc. (Nasdaq: FSLR) manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry"s first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit </span><a title="blocked::http://www.firstsolar.com/" href="http://www.firstsolar.com/"><span>www.firstsolar.com</span></a><span>, or </span><a title="blocked::http://www.firstsolar.com/media" href="http://www.firstsolar.com/media"><span>www.firstsolar.com/media</span></a><span> to download photos.<br /><br />For First Solar Investors<br /><br />This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company"s business involving the company"s products, their development and distribution, economic and competitive factors and the company"s key strategic relationships and other risks detailed in the company"s filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.<br /><br /><br /><br />First Solar, Inc.Lisa Morse, 602-414-9361</span><a title="blocked::mailto:lmorse@firstsolar.com" href="mailto:lmorse@firstsolar.com"><span>lmorse@firstsolar.com</span></a><br /> </span><span></span><br /><span></span><br /><span></span><br /><span></span><br /><span></span><br /><span>News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/</span><div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/first-solar-applauds-international.html" target="blank">Visit my Blog...</a></p><span><span>First Solar Applauds International Renewable Energy Initiative<br /><br /><br />TEMPE, Ariz.--Jan 26 2009 --First Solar, Inc. (</span><a title="blocked::http://finance.yahoo.com/q?s=" href="http://finance.yahoo.com/q?s=FSLR"><span>Nasdaq: FSLR)</span></a><span> today applauded the creation of the new International Renewable Energy Agency (IRENA) as an important step in promoting investments in renewable energies worldwide.<br /><br />IRENA is an international organization created to promote renewable energy options on a global scale. This ambitious initiative will offer both industrialized and developing nations advice and support when seeking renewable energy solutions.<br /><br />“The creation of IRENA sends a clear signal to markets worldwide that renewable energy will be a public policy priority for many years to come and shows that policy makers are serious about fighting global warming,” said Mike Ahearn, CEO of First Solar. “We encourage the United States and all other nations that have not yet committed to join IRENA and to actively support its vision of a more sustainable environment for future generations.”<br /><br />It is IRENA’s goal to become the main driving force in promoting widespread sustainability. The agency plans to aid nations in accessing relevant information and reliable data on the renewable energy industry. IRENA will also help countries improve their regulatory frameworks and build their renewable energy capacity.<br /><br />“The level of international support for IRENA shows that the need to invest in alternatives to fossil fuels is as important for developing countries as it is for developed countries,” Ahearn said. “We expect IRENA to become a powerful force in identifying and promoting best practices and thereby help governments and private investors optimize their investments in renewable energies.”<br /><br />The agency plans to cooperate with other organizations that are already active in the renewable energy field in order to complement their initiatives. The Founding Conference for IRENA, where the Treaty will be signed, will be held today in Bonn, Germany.<br /><br />About First Solar<br /><br />First Solar, Inc. (Nasdaq: FSLR) manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry"s first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit </span><a title="blocked::http://www.firstsolar.com/" href="http://www.firstsolar.com/"><span>www.firstsolar.com</span></a><span>, or </span><a title="blocked::http://www.firstsolar.com/media" href="http://www.firstsolar.com/media"><span>www.firstsolar.com/media</span></a><span> to download photos.<br /><br />For First Solar Investors<br /><br />This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company"s business involving the company"s products, their development and distribution, economic and competitive factors and the company"s key strategic relationships and other risks detailed in the company"s filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.<br /><br /><br /><br />First Solar, Inc.Lisa Morse, 602-414-9361</span><a title="blocked::mailto:lmorse@firstsolar.com" href="mailto:lmorse@firstsolar.com"><span>lmorse@firstsolar.com</span></a><br /> </span><span></span><br /><span></span><br /><span></span><br /><span></span><br /><span></span><br /><span>News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/</span><div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/first-solar-applauds-international.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-01-18T13:57:17Z2009-01-18T13:57:17Z/Economy/Economy/The-price-illusion.htmlThe <a href="http://www.instituteforenergyresearch.org/">Institute for Energy Research (IER)</a> emailed me last week to warn me about the Obama administration"s "green jobs" plan. The press release said that the plan would increase energy prices and actually cause total employment to decline. Furthermore, the release stated, renewable energy production has "stagnated" for the past 15 years, contradicting claims of vigorous growth.<br /><br />The organization"s assertions rely on a series of omissions. The first one the IER admits. It leaves out wind generation to claim that renewable energy growth has stagnated. Second, whether a massive government-led green energy program would lead to employment declines depends entirely on the assertion that money will be siphoned away from the nonrenewable energy sector of the economy. That now seems unlikely given the huge slack in the world economy and given that the plan is expected to be largely financed through deficit spending. But perhaps the most egregious omission is the failure to understand what market prices don"t include in their signals to the economy and society.<br /><br />For the IER, which dedicates itself to "free-market energy and environmental policy" and "private property rights," the struggling fossil fuel industry has succeeded entirely through ingenuity and pluck. The "scholars" (as they are called) at the IER seem to know nothing of the free work nature has conducted over the past few hundred million years in creating those fuels. Thus, the fossil fuel industry produces exactly nothing, but rather extracts the bounty of nature"s work and delivers it to society. This is not an inconsiderable labor. But it amounts to privatizing the profits derived from the work of nature, while socializing the costs of using fossil fuels through such effects as global warming and toxic spills. (Here I should say that I do not think that this is a problem peculiar to the fossil fuel industry, but rather endemic in modern capitalism. However, the excuse that "everyone is doing it" should not shield the industry from reprobation.)<br /><br />The price of fossil fuels (and especially recent prices) reflect virtually none of this reality; so perhaps the reason the people at the IER call themselves scholars is that their obsession with price renders them devoid of any practical understanding of the facts and frees them to focus on entirely theoretical matters just like the <a href="http://www.reference.com/browse/wiki/Scholasticism">scholastic</a> philosophers of old.<br /><br />However, to focus entirely on the price of various fuels without contemplating their long-term sustainability, their environmental side effects, and their effects on the political and economic structure of world society is the equivalent of killing all but your favorite child so you can direct all your attention to him or her.<br /><br />Still, even if we focus just on price, one would barely know by reading <a href="http://www.instituteforenergyresearch.org/2009/01/13/green-jobs-analysis/">the IER"s report on the green jobs proposal</a> that oil had recently swung from under $50 a barrel at the beginning of 2007 to almost $150 last July to under $40 today. Similar price swings have taken place in the natural gas and coal markets. Such volatility is usually a sign of a system in distress. And, such instability makes it difficult for governments, businesses and consumers to create long-term plans.<br /><br />Moreover, the ultra-low fossil fuel prices of today are a product not of exploration success, but rather economic implosion which is killing energy demand at a colossal pace. These prices are not a sign of plenty, but the result in part of the huge stress of high energy prices on the world economy in the last few years--stress that ultimately helped to tip a fragile economy into the first debt deflation since The Great Depression.<br /><br />And so, the prices we are seeing for fossil fuels are creating an illusion of plenty that masks the central issue of our time: How do we move from our nonrenewable energy economy to a renewable one and do it quickly enough to avoid a catastrophic and rapid decline in the total energy available to human society?<br /><br />Why is a rapid decline possible? <a href="http://www.scitizen.com/stories/Future-Energies/2008/08/Oil-Prices-and-the-Mayflower-Problem/">Because prices for finite resources almost always reflect the here and now rather than long-term supply prospects.</a> Even though fossil fuels are finite, and we are much closer to the end of the fossil fuel age than we are to the beginning of it, fossil fuel prices reflect not their growing scarcity but their temporary oversupply. This an illusion of the first order, and one filled with perils of the most extreme kind.<p></p><p align="right"><a href="http://resourceinsights.blogspot.com/2009/01/price-illusion.html" target="blank">Visit my Blog...</a></p>The <a href="http://www.instituteforenergyresearch.org/">Institute for Energy Research (IER)</a> emailed me last week to warn me about the Obama administration"s "green jobs" plan. The press release said that the plan would increase energy prices and actually cause total employment to decline. Furthermore, the release stated, renewable energy production has "stagnated" for the past 15 years, contradicting claims of vigorous growth.<br /><br />The organization"s assertions rely on a series of omissions. The first one the IER admits. It leaves out wind generation to claim that renewable energy growth has stagnated. Second, whether a massive government-led green energy program would lead to employment declines depends entirely on the assertion that money will be siphoned away from the nonrenewable energy sector of the economy. That now seems unlikely given the huge slack in the world economy and given that the plan is expected to be largely financed through deficit spending. But perhaps the most egregious omission is the failure to understand what market prices don"t include in their signals to the economy and society.<br /><br />For the IER, which dedicates itself to "free-market energy and environmental policy" and "private property rights," the struggling fossil fuel industry has succeeded entirely through ingenuity and pluck. The "scholars" (as they are called) at the IER seem to know nothing of the free work nature has conducted over the past few hundred million years in creating those fuels. Thus, the fossil fuel industry produces exactly nothing, but rather extracts the bounty of nature"s work and delivers it to society. This is not an inconsiderable labor. But it amounts to privatizing the profits derived from the work of nature, while socializing the costs of using fossil fuels through such effects as global warming and toxic spills. (Here I should say that I do not think that this is a problem peculiar to the fossil fuel industry, but rather endemic in modern capitalism. However, the excuse that "everyone is doing it" should not shield the industry from reprobation.)<br /><br />The price of fossil fuels (and especially recent prices) reflect virtually none of this reality; so perhaps the reason the people at the IER call themselves scholars is that their obsession with price renders them devoid of any practical understanding of the facts and frees them to focus on entirely theoretical matters just like the <a href="http://www.reference.com/browse/wiki/Scholasticism">scholastic</a> philosophers of old.<br /><br />However, to focus entirely on the price of various fuels without contemplating their long-term sustainability, their environmental side effects, and their effects on the political and economic structure of world society is the equivalent of killing all but your favorite child so you can direct all your attention to him or her.<br /><br />Still, even if we focus just on price, one would barely know by reading <a href="http://www.instituteforenergyresearch.org/2009/01/13/green-jobs-analysis/">the IER"s report on the green jobs proposal</a> that oil had recently swung from under $50 a barrel at the beginning of 2007 to almost $150 last July to under $40 today. Similar price swings have taken place in the natural gas and coal markets. Such volatility is usually a sign of a system in distress. And, such instability makes it difficult for governments, businesses and consumers to create long-term plans.<br /><br />Moreover, the ultra-low fossil fuel prices of today are a product not of exploration success, but rather economic implosion which is killing energy demand at a colossal pace. These prices are not a sign of plenty, but the result in part of the huge stress of high energy prices on the world economy in the last few years--stress that ultimately helped to tip a fragile economy into the first debt deflation since The Great Depression.<br /><br />And so, the prices we are seeing for fossil fuels are creating an illusion of plenty that masks the central issue of our time: How do we move from our nonrenewable energy economy to a renewable one and do it quickly enough to avoid a catastrophic and rapid decline in the total energy available to human society?<br /><br />Why is a rapid decline possible? <a href="http://www.scitizen.com/stories/Future-Energies/2008/08/Oil-Prices-and-the-Mayflower-Problem/">Because prices for finite resources almost always reflect the here and now rather than long-term supply prospects.</a> Even though fossil fuels are finite, and we are much closer to the end of the fossil fuel age than we are to the beginning of it, fossil fuel prices reflect not their growing scarcity but their temporary oversupply. This an illusion of the first order, and one filled with perils of the most extreme kind.<p></p><p align="right"><a href="http://resourceinsights.blogspot.com/2009/01/price-illusion.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-01-15T23:51:00Z2009-01-15T23:51:00Z/Economy/Economy/ASES-Green-Collar-Jobs-Report-Forecasts-37-Million-Jobs-From-Renewable-Energy-and-Energy-Efficiency-in-U.S.-by-2030.html"ASES Green Collar Jobs" Report Forecasts 37 Million Jobs From Renewable Energy and Energy Efficiency in U.S. by 2030<br /><br />ASES / MISI study reveals opportunities, warnings in nation"s first update of groundbreaking study; hottest sectors: solar, wind, biofuels, fuel cells<br /><br /><br />BOULDER, Colo., Jan. 15 /2009 -- The renewable energy and energy efficiency (RE&EE) industries represented more than 9 million jobs and $1,045 billion in U.S. revenue in 2007, according to a new report offering the most detailed analysis yet of the green economy. The renewable energy industry grew three times as fast as the U.S. economy, with the solar thermal, photovoltaic, biodiesel, and ethanol sectors leading the way, each with 25%+ annual revenue growth.<br />View the report at: <a href="http://www.ases.org/greenjobs">www.ases.org/greenjobs</a><br />The new ASES Green Collar Jobs report from the nonprofit American Solar Energy Society (ASES) based in Boulder, and Management Information Services, Inc (MISI), an internationally recognized economic research firm in Washington D.C., provides a sector-by-sector analysis of where the opportunities are in the renewable energy and energy efficiency industries.<br />"There"s a new sense of optimism in the green economy," said Brad Collins, ASES" Executive Director. "But while the U.S. could see million of new jobs in renewable energy and energy efficiency, this will only happen with the necessary leadership, research, development, and public policy at the federal and state levels."<br />Key conclusions from this report include:<br /><br />Renewable energy and energy efficiency currently provide more than 9 million jobs and $1,045 billion in revenue in the U.S. (2007). The previous year (2006) renewable energy and energy efficiency represented 8.5 million jobs and $972 billion in revenue. 95% of the jobs are in private industry. As many as 37 million jobs can be generated by the renewable energy and energy efficiency industries in the U.S. by 2030 - more than 17% of all anticipated U.S. employment. Hottest sectors include solar thermal, photovoltaics, biofuels, and fuel cells. Hot job areas include electricians, mechanical engineers, welders, metal workers, construction managers, accountants, analysts, and environmental scientists.<br />The report forecasts job and revenue growth under three scenarios for U.S. as well as a case study from Colorado.<br />About the American Solar Energy Society<br />For more than 50 years the American Solar Energy Society has been leading national efforts to promote education, public outreach, and research about solar energy and other sustainable technologies. <a href="http://www.ases.org/">www.ases.org</a><br />Website: <a href="http://www.ases.org/">http://www.ases.org/</a><br /><br /><br />News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/ases-green-collar-jobs-report-forecasts.html" target="blank">Visit my Blog...</a></p>"ASES Green Collar Jobs" Report Forecasts 37 Million Jobs From Renewable Energy and Energy Efficiency in U.S. by 2030<br /><br />ASES / MISI study reveals opportunities, warnings in nation"s first update of groundbreaking study; hottest sectors: solar, wind, biofuels, fuel cells<br /><br /><br />BOULDER, Colo., Jan. 15 /2009 -- The renewable energy and energy efficiency (RE&EE) industries represented more than 9 million jobs and $1,045 billion in U.S. revenue in 2007, according to a new report offering the most detailed analysis yet of the green economy. The renewable energy industry grew three times as fast as the U.S. economy, with the solar thermal, photovoltaic, biodiesel, and ethanol sectors leading the way, each with 25%+ annual revenue growth.<br />View the report at: <a href="http://www.ases.org/greenjobs">www.ases.org/greenjobs</a><br />The new ASES Green Collar Jobs report from the nonprofit American Solar Energy Society (ASES) based in Boulder, and Management Information Services, Inc (MISI), an internationally recognized economic research firm in Washington D.C., provides a sector-by-sector analysis of where the opportunities are in the renewable energy and energy efficiency industries.<br />"There"s a new sense of optimism in the green economy," said Brad Collins, ASES" Executive Director. "But while the U.S. could see million of new jobs in renewable energy and energy efficiency, this will only happen with the necessary leadership, research, development, and public policy at the federal and state levels."<br />Key conclusions from this report include:<br /><br />Renewable energy and energy efficiency currently provide more than 9 million jobs and $1,045 billion in revenue in the U.S. (2007). The previous year (2006) renewable energy and energy efficiency represented 8.5 million jobs and $972 billion in revenue. 95% of the jobs are in private industry. As many as 37 million jobs can be generated by the renewable energy and energy efficiency industries in the U.S. by 2030 - more than 17% of all anticipated U.S. employment. Hottest sectors include solar thermal, photovoltaics, biofuels, and fuel cells. Hot job areas include electricians, mechanical engineers, welders, metal workers, construction managers, accountants, analysts, and environmental scientists.<br />The report forecasts job and revenue growth under three scenarios for U.S. as well as a case study from Colorado.<br />About the American Solar Energy Society<br />For more than 50 years the American Solar Energy Society has been leading national efforts to promote education, public outreach, and research about solar energy and other sustainable technologies. <a href="http://www.ases.org/">www.ases.org</a><br />Website: <a href="http://www.ases.org/">http://www.ases.org/</a><br /><br /><br />News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/ases-green-collar-jobs-report-forecasts.html" target="blank">Visit my Blog...</a></p>PainlessPump.com :: Economy | Articles2009-01-13T18:46:00Z2009-01-13T18:46:00Z/Economy/Economy/T.-Boone-Pickens-Launches-Monthly-Update-on-Foreign-Oil-Purchases.htmlT. Boone Pickens Launches Monthly Update on Foreign Oil Purchases<br />US Sent Nearly $20 Billion Overseas and Imported 66.5% of Oil in December 2008<br /><br />Pickens Highlights Disparity in Spending on Infrastructure:<br />Oil Rich Middle East Nations Spend Billions of US Energy Dollars on New Schools, Roads, Airports while US Infrastructure Crumbles<br /><br />With Gas Prices Back on the Rise and Middle East Threatening Oil Embargo Pickens Warns:<br />Our Kids Are Falling Behind While Our Enemies Get Richer<br /><br /><br />Washington, DC – January 13, 2009 – Highlighting the impact of America’s staggering dependence on foreign on investment in domestic programs and infrastructure development, T. Boone Pickens, at a press conference today in Washington, DC, launched a program that will track monthly the amount of foreign oil imported from foreign countries. Mr. Pickens will continue his campaign for the Pickens Plan in 2009 by providing monthly updates of the United States’ monthly imports of foreign oil and focusing the American people’s attention on the progress the nation is making to reduce foreign oil imports.<br /><br />Based on the latest figures from the US Department of Energy’s Energy Information Administration (EIA), the US imported 66.5 percent of its oil, or 380 million barrels in December 2008, sending approximately $19.3 billion overseas to foreign governments. In total, the US spent approximately $475 billion on imported oil in 2008. <br /><br />“Our dependence on foreign oil remains at a critical stage” said Mr. Pickens. “Last month alone we imported nearly 380 million barrels of oil at a cost of nearly $20 billion. It is outrageous that we are sending billions of dollars-- $432,000 per minute-- overseas to foreign countries while domestic programs at home remain severely underfunded. This transfer of wealth is among the greatest in human history and is streaming revenue away from investment in our own communities into other countries, many of which are not our allies. These countries are taking our dollars and building beautiful state of the art schools, airports, roads, government buildings while our roads and bridges are full of holes, our schools remain in poor condition, and our infrastructure is in dire need of an upgrade. There are better choices for where we spend our money, and I’d say it should be right here in the United States.<br /><br />“On the day Steven Chu is considered before the Senate to serve as Energy Secretary for Obama—who has committed to reducing foreign oil dependency and even eliminating Middle East imports within a decade—we’re launching this monthly update to help them track their progress. I’ve criss-crossed the country and know that people are hungry for this type of change.<br /><br />“The events of recent days in the Middle East, the comments of the Iranian leadership threatening an oil embargo to any country supporting Israel, the actions of the Russians to control the supply of natural gas and OPEC’s decision to cut production should be a major reminder that when we import oil from these nations we do not control our own destiny and we are vulnerable. Oil prices are volatile-- so is the price of gasoline, and that creates uncertainty, which is bad for the economy,” said Mr. Pickens. <br /><br />“Crisis means danger to us but also an opportunity for us to fix this situation once and for all. Now more than ever we need to take control of our energy future, keeping jobs and dollars on our own soil.”<br /><br />According to Mr. Pickens, the U.S. Department of Education currently administers a budget of $59.2 billion per year. Oil-rich nations such as Saudi Arabia and Venezuela, both of whose populations total approximately 1/12 of the U.S. population, have dedicated $32.5 billion and $19.7 billion respectively towards education in 2009. <br /><br />COUNTRY<br />POPULATION<br />2009 EDUCATION BUDGET<br />United States<br />303,824,640<br />$59.2 billion<br />Saudi Arabia<br />27,601,038<br />$32.5 billion<br />Venezuela<br />28,400,457<br />$19.7 billion<br /><br />Continued Mr. Pickens, “Our kids are falling behind while our enemies get richer. We must reduce our dependency on foreign oil—now. The Pickens Plan can get us there.”<br /><br />Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.<br /><br />More than 1,350,000 people have joined the Pickens Army through the website <a title="http://www.pickensplan.com/" href="http://www.pickensplan.com/">www.pickensplan.com</a> , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.<br /><br /><br />Contact: Jay Rosser<br /> 214 265 4165<br /> Jay@bpcap.net<br /><br />Melissa McKay<br /> 212 446 1898<br /> press@pickensplan.com<br /><br /><br /><br />News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/t-boone-pickens-launches-monthly-update.html" target="blank">Visit my Blog...</a></p>T. Boone Pickens Launches Monthly Update on Foreign Oil Purchases<br />US Sent Nearly $20 Billion Overseas and Imported 66.5% of Oil in December 2008<br /><br />Pickens Highlights Disparity in Spending on Infrastructure:<br />Oil Rich Middle East Nations Spend Billions of US Energy Dollars on New Schools, Roads, Airports while US Infrastructure Crumbles<br /><br />With Gas Prices Back on the Rise and Middle East Threatening Oil Embargo Pickens Warns:<br />Our Kids Are Falling Behind While Our Enemies Get Richer<br /><br /><br />Washington, DC – January 13, 2009 – Highlighting the impact of America’s staggering dependence on foreign on investment in domestic programs and infrastructure development, T. Boone Pickens, at a press conference today in Washington, DC, launched a program that will track monthly the amount of foreign oil imported from foreign countries. Mr. Pickens will continue his campaign for the Pickens Plan in 2009 by providing monthly updates of the United States’ monthly imports of foreign oil and focusing the American people’s attention on the progress the nation is making to reduce foreign oil imports.<br /><br />Based on the latest figures from the US Department of Energy’s Energy Information Administration (EIA), the US imported 66.5 percent of its oil, or 380 million barrels in December 2008, sending approximately $19.3 billion overseas to foreign governments. In total, the US spent approximately $475 billion on imported oil in 2008. <br /><br />“Our dependence on foreign oil remains at a critical stage” said Mr. Pickens. “Last month alone we imported nearly 380 million barrels of oil at a cost of nearly $20 billion. It is outrageous that we are sending billions of dollars-- $432,000 per minute-- overseas to foreign countries while domestic programs at home remain severely underfunded. This transfer of wealth is among the greatest in human history and is streaming revenue away from investment in our own communities into other countries, many of which are not our allies. These countries are taking our dollars and building beautiful state of the art schools, airports, roads, government buildings while our roads and bridges are full of holes, our schools remain in poor condition, and our infrastructure is in dire need of an upgrade. There are better choices for where we spend our money, and I’d say it should be right here in the United States.<br /><br />“On the day Steven Chu is considered before the Senate to serve as Energy Secretary for Obama—who has committed to reducing foreign oil dependency and even eliminating Middle East imports within a decade—we’re launching this monthly update to help them track their progress. I’ve criss-crossed the country and know that people are hungry for this type of change.<br /><br />“The events of recent days in the Middle East, the comments of the Iranian leadership threatening an oil embargo to any country supporting Israel, the actions of the Russians to control the supply of natural gas and OPEC’s decision to cut production should be a major reminder that when we import oil from these nations we do not control our own destiny and we are vulnerable. Oil prices are volatile-- so is the price of gasoline, and that creates uncertainty, which is bad for the economy,” said Mr. Pickens. <br /><br />“Crisis means danger to us but also an opportunity for us to fix this situation once and for all. Now more than ever we need to take control of our energy future, keeping jobs and dollars on our own soil.”<br /><br />According to Mr. Pickens, the U.S. Department of Education currently administers a budget of $59.2 billion per year. Oil-rich nations such as Saudi Arabia and Venezuela, both of whose populations total approximately 1/12 of the U.S. population, have dedicated $32.5 billion and $19.7 billion respectively towards education in 2009. <br /><br />COUNTRY<br />POPULATION<br />2009 EDUCATION BUDGET<br />United States<br />303,824,640<br />$59.2 billion<br />Saudi Arabia<br />27,601,038<br />$32.5 billion<br />Venezuela<br />28,400,457<br />$19.7 billion<br /><br />Continued Mr. Pickens, “Our kids are falling behind while our enemies get richer. We must reduce our dependency on foreign oil—now. The Pickens Plan can get us there.”<br /><br />Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.<br /><br />More than 1,350,000 people have joined the Pickens Army through the website <a title="http://www.pickensplan.com/" href="http://www.pickensplan.com/">www.pickensplan.com</a> , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.<br /><br /><br />Contact: Jay Rosser<br /> 214 265 4165<br /> Jay@bpcap.net<br /><br />Melissa McKay<br /> 212 446 1898<br /> press@pickensplan.com<br /><br /><br /><br />News & Stories Published at Clean Energy Stocks Blog<br />Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/<div>Affiliated Greentech Portals at Investorideas.com
Renewableenergystocks.com and Environmentstocks.com</div><p></p><p align="right"><a href="http://cleanenergynews.blogspot.com/2009/01/t-boone-pickens-launches-monthly-update.html" target="blank">Visit my Blog...</a></p>