|#SubscriberNotes have been updated on the website. Volatility within a range continues. It's a sign of a long term top building in equities.|
Tuesday, May 05, 2015
Monday, May 04, 2015
|Electricity from the local utility in Hawaii is so expensive that customers can save money by cutting the cord. According to Siddharth Dalal, SolarCity Fires Warning Shot At Hawaii Utility: The Future Is Here:
As the Tesla Gigafactory progresses and prices drop further, it will make solar plus storage a very compelling solution. Any utilities making noises about eliminating net metering will soon have to face a behind-the-meter solution that will significantly reduce consumption from the utility and the utility will lose the solar power provided by the consumer.
It is a lose-lose proposition for the utility. For places like Hawaii, where power is very expensive and the utility was delaying solar connections to the grid, going off grid is now a viable proposition. Maybe they knew exactly what was coming when they approved all the delayed applications recently. Now SolarCity has fired their first warning shot directly at the Hawaiian utility inviting customers to go off grid starting next year.
Sunday, May 03, 2015
Friday, May 01, 2015
Thursday, April 30, 2015
Wednesday, April 29, 2015
|#SubscriberNotes have been updated on the website. The market takes no prisoners as bears have been having trouble getting the downtrend rolling.|
|Today's government report of First Quarter GDP growth should be taken with a large helping of salt. That's because the government has a horrible record at tracking the economy.
For instance, in 2008, with the economy a half-year into the worst recession since the Great Depression, the government reported the economy was growing at a +0.6% rate. After numerous revisions over the next 64 months, they finally decided that the economy was declining at a -2.7% rate!
That's why the government's report that the economy grew in the first quarter could just as easily be revised to a huge decline over the next 64 months. As it is, the government tells us that GDP was growing at a +0.25% rate. Garbage in, garbage out.
|Harry Dent calls it what it is in The Curse Of The 'Mini' Bubble: China's Period Of Worsening News.|
Tuesday, April 28, 2015
Monday, April 27, 2015
|By Ron Paul|
One of the great ironies of American politics is that most politicians who talk about helping the middle class support policies that, by expanding the welfare-warfare state, are harmful to middle-class Americans. Eliminating the welfare-warfare state would benefit middle-class Americans by freeing them from exorbitant federal taxes, including the Federal Reserve’s inflation tax.
Politicians serious about helping middle-class Americans should allow individuals to opt out of Social Security and Medicare by not having to pay payroll taxes if they agree to never accept federal retirement or health care benefits. Individuals are quite capable of meeting their own unique retirement and health care needs if the government stops forcing them into one-size-fits-all plans.
Middle-class families with college-age children would benefit if government got out of the student loan business. Government involvement in higher education is the main reason tuition is skyrocketing and so many Americans are graduating with huge student loan debts. College graduates entering the job market would certainly benefit if Congress stopped imposing destructive regulations and taxes on the economy.
Politicians who support an interventionist foreign policy are obviously not concerned with the harm inflicted on the middle-class populations of countries targeted for regime change. These politicians also disregard the harm US foreign policy inflicts on Americans. Middle- and working-class Americans, and their families, who join the military certainly suffer when they are maimed or killed fighting in unjust and unconstitutional wars. Our interventionist foreign policy also contributes to the high tax burden imposed on middle-class Americans.
Middle-class Americans also suffer from intrusions on their liberty and privacy, such as not being able to board an airplane unless they submit to invasive and humiliating searches. Even children and the physically disabled are not safe from the Transposition Security Administration. These assaults are justified by the threat of terrorism, a direct result of our interventionist foreign policy that fosters hatred and resentment of Americans.
Some “military Keynesians” claim that middle-class workers benefit from jobs in the military-industrial complex. Military Keynesians seem to think that the resources spent on militarism would disappear if the Pentagon’s budget were cut. The truth is, if we reduced spending on militarism, those currently employed by the military-industrial complex would be able to find new jobs producing goods desired by consumers. Even those currently employed as lobbyists for the military-industrial complex may be able to find useful work.
Few things would benefit the middle class more than ending the Federal Reserve. The Federal Reserve’s inflationary policies erode middle-class families’ standards of living while benefiting the financial and political elites. Middle-class Americans may gain some temporary benefits from Federal Reserve created booms, but they also suffer from the inevitable busts.
As I write this, the dollar still reigns as the world’s reserve currency. However, there are signs that other economies are moving away from using the dollar as the reserve currency, and this trend will accelerate as the Federal Reserve continues to pump more fiat currency into the economy and as resentment toward our foreign policy grows. Eventually, international investors will lose confidence in the US economy, the dollar will lose its reserve currency status, and the dollar bubble will burst.
These events will cause a major economic downturn that may even be worse than the Great Depression. The main victims of this crisis will be average Americans. The only way to avoid this calamity is for the American people to force Congress to free them from the burdens of the warfare state, the welfare state, taxation, and fiat currency.
Sunday, April 26, 2015
Saturday, April 25, 2015
|Some of the critical climate issues that need to be headed off within the next 20
to 30 years if massive impacts are to be avoided:|
Source: Safe Climate Restoration Scenarios
|The USA won't fall to terrorists. No, the USA is being destroyed from within by traitors in charge.
Don't believe it? Just read the latest report from MIT entitled “The Future Postponed: Why Declining Investment in Basic Research Threatens a U.S. Innovation Deficit" to be released Monday, April 27th.
|As we all know, the human race is delusional. We push asset prices in the stock market to the sky and never expect them to collapse. Yet, in the last 15 years, that has happened twice. Why would we expect the third time to avoid a collapse?
But, crashing stock markets are just a minor blip on the radar compared to Climate Change. The deniers have kept us from taking any meaningful action to avoid a collapse of life on this planet. It may be too late to avoid that collapse right now.
The politicians have set an unreasonable goal for warming—2°C above pre-industrial temperatures. That goal, which we are not on target to stay below, may actually be too high to avoid catastrophe. At the present time, with temperatures having warmed by just below 1°C so far, we are seeing Arctic ice gradually disappear, superstorms like Sandy hitting northern latitudes, seas rising and flooding coastal communities, and many more. The effects are obvious. They are facts, not debatable. Yet we have done nothing to stop Global Warming. It's as if we're in a car racing down the highway with no working brakes.
David Spratt makes it clear what action we should be taking:
The catastrophic and irreversible consequences of 2°C of warming demand a strong risk-management approach, with a low rate of failure. We should not take risks with the climate that we would not take with civil infrastructure.
Friday, April 24, 2015
Energy Gang podcast this week:
|The future is in capacitors, not batteries. By the time the Tesla Gigafactory is up and running, it will be obsolete.
The future will see capacitors replace batteries everywhere. A hint of what's coming is given by the fact that researchers at UCSD have tripled the capacity of graphene in Charged holes in graphene increase energy storage capacity:
Why 2 of U.S. Dollar's Recent Bottoms Have 1 Thing In Common
Register now, 100% free, and get instant access to 3 insight-packed introductory trading lessons.
Then each day through April 28 we will email you more free trading lessons that you can apply to your trading immediately.
Thursday, April 23, 2015
Wednesday, April 22, 2015
|#SubscriberNotes have been updated on the website. Bonds plunged today and boosted stocks, which is why we currently favor the third alternative.|
Tuesday, April 21, 2015
Monday, April 20, 2015
Sunday, April 19, 2015
Saturday, April 18, 2015
|Solar City is offering bonds with up to a 5¾% yield based upon solar energy. They write:
Solar Bonds are open to everyone. They offer attractive returns and you can invest directly with no fees. Best of all, you’re helping to support the growth of clean solar energy.It's yet another way to “Get Paid By the Sun.”
Thursday, April 16, 2015
Wednesday, April 15, 2015
|#SubscriberNotes have been updated on the website. Internal deterioration in the stock market at new all-time highs bodes ill.|
|Why are we back in recession? Professor Steve Keen explains what economists in general simply don't understand:|
Tuesday, April 14, 2015
By Elliott Wave International
Editor's note: This article is from Elliott Wave International's brand-new investment report, "U.S. Investors Face a Giant, Historic Bubble." It originally appeared in the April issue of The Elliott Wave Financial Forecast, published March 27, 2015. For a limited-time, EWI has agreed to give our readers exclusive free access to the full report. Please click here to read it now.
In March, we covered the return to a popular fascination with technology.
The striking resemblance to 2000's technology mania is not going unnoticed. How can it? With the NASDAQ's much heralded return to 5000 and magazine covers proclaiming "Google Wants You To Live Forever," concern about an "asset bubble" is being raised. But this is actually another throwback to early March 2000, when the NASDAQ reached its all-time high and the Financial Forecast remarked on a "public ambivalence toward warnings of any kind."
The March issue of The Elliott Wave Theorist explains that while people may remember some of the details, they "forget their prior mood and rationalize present extremes into normality."
This March 7 headline from a major financial paper offers a perfect example of how this "normalization" works: "Forget 2000. It's a Different Investing Ballgame." Really? Yeah, really. "It really is different this time," says another. "The crazy valuations seen at the turn of the millennium -- when silly concepts, such as collecting eyeballs, attracted billions of dollars from breathless speculators wanting to get in on the new, new thing -- are absent."
There's just one problem with this assessment, it's not accurate. Here's the reality, or should we say surreality, as depicted in Bloomberg on March 17:
The Fuzzy, Insane Math That's Creating
The article discloses how companies are shooting to "astronomical valuations," mostly with Internet ideas that capture people's bullish imaginations and, as in 2000, cause them to look beyond mundane things such as cash flow and profits. Once again, such stone-age metrics are less important than "the number of people using the product" and "whether they pay for it. Investors salivate over what's called 'hockey-stick' growth curves, indicating massive uptake. Costs, especially operations costs, are largely ignored."
As in 2000, the fever has been spreading fast. According to Bloomberg, start-ups with billion-dollar valuations were once dubbed "unicorns" because of their rarity. Now, Bloomberg counts more than 50 of them. Many have expanded ten-fold, so a new buzzword, "decacorn," now applies to those with capitalizations of more than "$10 billion, which includes Airbnb, Dropbox, Pinterest, Snapchat and Uber."
Of course, the driving force behind many of these investments is the same--a fear of missing out (FOMO).
"A severe case of FOMO can cause some to do crazy things to get into the hottest deals," says Bloomberg. This is exactly what the Financial Forecast said in March 2000, when we explained why people fail to heed ample warnings in the final throes of a mania: "Acting on such an opinion might mean missing something on the upside. 'The average person must ride it out,' says [a] Nobel Prize winner. Quotes such as these will deserve preservation in bronze when the bear market is mature." Clearly, that time still lies ahead.
For compelling Elliott wave evidence of a culmination of the Mania Era, see the five-wave advance in the share price of the current technology leader, Apple Inc., on page 3 of the March Elliott Wave Theorist. As the Theorist notes, after rising more than 14,500% over the past 12 years, S&P Dow Jones Indices added the stock to the Dow Jones Industrial Average on March 19.
This is one more remarkable parallel to the prior technology mania, as Microsoft was added to the Dow Industrials just prior to its January 2000 top. Here's how EWFF interpreted its addition in November 1999:
The ultimate concession to technology is due November 2, when Microsoft will be inducted into the Dow Jones Industrial Average. For most of the bull market, the world's most dominant stock was excluded from the world's premier blue-chip average. But just as RCA was added to the Dow in October 1928 (and removed in 1932), Microsoft has assumed its rightful place at the head of the pack, in time to lead the way down.
Apple has just been acknowledged in the same way and for the same reason. The pressure to pile onto the technology bandwagon has proved irresistible to the Dow's purveyors. This has generally happened when the most important stock market reversals were at hand.
Editor's note: This article is from Elliott Wave International's brand-new investment report, "U.S. Investors Face a Giant, Historic Bubble." It originally appeared in the April issue of The Elliott Wave Financial Forecast, published March 27, 2015. For a limited-time, EWI has agreed to give our readers exclusive free access to the full report. Please click here to read it now.
Monday, April 13, 2015
|The US economy is now firmly in recession despite what the TV Talking Heads tell us.
More evidence of this fact comes from the National Association of Credit Management (NACM), whose latest report reveals:
"We now know that the readings of last month were not a fluke or some temporary aberration that could be marked off as something related to the weather," said NACM Economist Chris Kuehl. "These readings are as low as they have been since the recession started and to see everything start to get back on track would take a substantial reversal at this stage."
|The global financial crisis of 2008 (GFC) is gearing up for another appearance. Get ready to hand the Too Big To Fail banks more of your hard-earned cash to compensate them for failure.
According to the Federal Reserve Bank, whose role as Big Daddy Warbucks protects the Little Orphan Annie banks from failure, the banks passed their latest stress test with flying colors. But, the Fed is making the same mistake it did last time and that's overcounting the value of derivatives. According to Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corporation, and former Fed governor, capital at the TBTF banks averaged only 4.97% at the end of 2014. The Fed itself, however, calculates that capital level at 12.9%.
The difference is substantial. In fact, a similar discrepancy occured just before the GFC. The late Fed governor Edward Gramlich warned of a similar discrepancy of capital—and was ignored. Will history repeat itself? Maybe not. But it could certainly rhyme. Will the Congress bow down to the TBTF banks again? We suspect that the fury of the taxpayer will eliminate another bailout.
But, if the banks truly own the government, we should expect the same result, unfortunately.
Sunday, April 12, 2015
|The deal with Iran could drop prices by $5-15/bbl according to the US government agency EIA. That's according to notes in their Short Term Energy Outlook (STEO). They say:
Thursday, April 09, 2015
|#SubscriberNotes have been updated on the website. Liquidity pouring into the stock market may have only a few more days to run.|
Wednesday, April 08, 2015
Tuesday, April 07, 2015
|The USA produces the most energy on Earth, surpassing even Saudi Arabia and Russia now. But, in terms of energy infrastructure, the electrical system which Thomas Edison built was never intended to keep going this long.
On Tuesday, a metal part fell off an electrical transformer, knocking out power to Washington, DC. As the Washington Post describes it:
A dozen people were trapped in stalled elevators, passengers were left searching for exits in darkened underground Metro stations, and a building full of Department of Energy employees and the main campus of the University of Maryland closed their doors. Thousands of visitors at Smithsonian museums on the Mall had to leave for hours. While the outage caused little more than a blip for many others, it took most of the afternoon to fully restore electricity.
The outage immediately caught the attention of national security officials, who have heightened their scrutiny of vulnerabilities of the U.S. electricity grid after recent reports that nations such as China and Iran have infiltrated U.S. power company networks.
Homeland security officials concluded Tuesday that terrorism had played no part in an outage that was quickly blamed on the failure of a simple piece of transmission equipment in southern Maryland.
Energy experts cast Tuesday's event as a mundane occurrence that happens daily on a small scale.
Rarely, and memorably, it occurs on a larger scale, said Michael J. Assante, an electric power industry expert and director at the SANS Institute, a cybersecurity training organization. One example: the 2003 power outage in the Northeast that resulted in 50 million people losing electricity for up to two days — the biggest blackout in North American history.It's definitely a wakeup call to terrorists about just how vulnerable the USA is to minor outages. A concerted effort to simultaneously create these outages will likely be coming in the future and will be far more serious than Tuesday's accidental outage.
Monday, April 06, 2015
Sunday, April 05, 2015
Two of the nation’s leading solar companies are joining forces to offer customers the most affordable solar available—making solar power accessible to more Americans than ever before.
Clean Energy Collective (CEC), the nation’s leading community solar developer, has partnered with First Solar, the leading global provider of photovoltaic (PV) solar systems, to broaden the availability of clean, affordable energy for residential and commercial customers. Together, the companies will combine their expertise and pursue community solar opportunities throughout the U.S. to meet the growing consumer demand for more renewable options.
First Solar’s financial support, engineering technology and project management experience will enable CEC to develop a higher volume of community solar facilities that provide greater value for consumers. For example, recent developments in First Solar’s PV panel technology will increase efficiency levels, requiring fewer raw materials and reducing manufacturing costs. When CEC utilizes First Solar’s high-quality, PV panels in its community solar arrays, the savings will translate into lower prices for consumers.
The residential market potential for community solar in the U.S. is enormous. Unlike traditional rooftop solar, where only 22 to 27 percent of homes are able to host an on-site array, community solar is available to anyone with a utility bill. This means, according to the 2013 U.S. Census, that the community solar market encompasses nearly 133 million households—about five times the market potential of rooftop solar. For any residential or commercial customer who has spoken with SolarCity, Vivint Solar or other rooftop providers and were told they can’t go solar—now there’s a way.
The partnership between First Solar and CEC is also anticipated to create more American jobs, as the rapid expansion of community solar arrays will require an increase in panel manufacturing and greater assistance with facility construction and ongoing maintenance. With access to First Solar’s PV recycling plant, CEC will be able to accelerate the deployment of community solar projects in a socially responsible manner—recycling up to 95 percent of each PV panel at the end of its lifecycle.
With a combination of renowned technology, financial backing and environmental responsibility, this partnership provides for a superior product for consumers, taking us one step closer toward a clean energy future.
Thursday, April 02, 2015
|#SubscriberNotes have been updated on the website. Employment Report out at 8:30 may be mostly garbage, but tends to move the markets short term.|
Wednesday, April 01, 2015
|#SubscriberNotes have been updated on the website. Beginning of month deployment of investor cash gave dip-buyers excuses on the dip.|
|Despite what the numb-nuts at Fox say, Global Warming is not only alive and well, it's accelerating.
Decoded Science writes:
Tuesday, March 31, 2015
|Jim Hansen writes:
Monday, March 30, 2015
Sunday, March 29, 2015
Friday, March 27, 2015
Deflation Watch: Key Economic Measures Turn South
U.S. Economy Still on Life Support
For years, the government has manipulated its unemployment statistics to line up with its claim that the economy has recovered strongly. But that's not ALL the government is hiding from you. From foodstuffs, to crude oil prices, to GDP, the numbers and analysis reported by the government and mainstream financial press are misleading at best, downright falsehoods at worst.
Thursday, March 26, 2015
Wednesday, March 25, 2015
|#SubscriberNotes have been updated on the website. Panic hit the market today and could be growing in coming days. Dow 16,700 ahead?|
|Simon Evans writes in Electric vehicle batteries 'already cheaper than 2020 projections':
Tuesday, March 24, 2015
|While it may not come as a surprise to most citizens, the lies our government tells are eventually revealed. Ron Paul reveals this about the invasion of Iraq:
We recently gained even more evidence that the initial war was sold on lies and fabrications. The CIA finally declassified much of its 2002 National Intelligence Estimate on Iraq, which was the chief document used by the Bush Administration to justify the US attack. According to the Estimate, the US Intelligence Community concluded that:And, we must recognize that the greatest enemies of the USA are not the terrorists themselves, but the elected leaders of this country who are committing treasonous acts in office. They are war criminals, plain and simple, and should be facing the consequences of their treasonous perfidity.'[W]e are unable to determine whether [biological weapons] agent research has resumed...' And: 'the information we have on Iraqi nuclear personnel does not appear consistent with a coherent effort to reconstitute a nuclear weapons program.'But even as the US Intelligence Community had reached this conclusion, President Bush told the American people that Iraq, "possesses and produces chemical and biological weapons" and "the evidence indicates that Iraq is reconstituting its nuclear weapons program."
Monday, March 23, 2015
|While the crashing price of oil means the loss of oil production jobs in Texas, all is not bleak for energy jobs in the Lone Star state.
The solar industry is growing jobs at the rate of 68% per annum in Texas.
The Solar Foundation reports in its 2014 Census of Solar Jobs in Texas:
Sunday, March 22, 2015
Saturday, March 21, 2015
|The leading Senate Republican, Mitch McConnell, is a big government man.
What? We thought Republicans were against big government. Say it ain't so!
Yes, indeed, as McConnell’s anti-EPA plan: Convince Republicans to welcome big-government climate regulation tells us:
Mitch McConnell is a coal man. During his hard-fought 2014 reelection campaign, McConnell promised voters in Kentucky coal country that he would do anything and everything he could to battle back against Barack Obama's "war on coal." If it dirtied the air he'd be for it. If it polluted aquafers he'd support it. Coal ash in every stream and two black lungs in every chest cavity! Vote McConnell!
McConnell's promise was that by taking on Obama and fighting the Environmental Protection Agency's proposed regulations mandating steep reductions in carbon emissions, he'd help bring back Kentucky's withering coal industry. What he conveniently overlooked is the fact that the Kentucky coal business owes its long, slow demise to simple economics: increased automation has drastically reduced the demand for labor; cheaper fuels, like natural gas, are steadily eating away at the overall demand for coal; and what coal remains in Kentucky is difficult to mine after over a century's worth of enthusiastic digging. Rolling back a few EPA regulations won't do much to change the industry's grim economic outlook.
But that doesn't mean McConnell isn't a man of his word. He's taking the fight to the EPA, but instead of going through Congress he's leading an unusual effort to appeal to the states directly, encouraging them to resist implementation of the carbon regulations. McConnell's campaign is strange not just because he's forgoing legislation, but also because he's straight-up asking the states to screw themselves over.
The EPA's climate regulations ask states to submit their own plans for meeting emissions goals. If those plans aren't in by next summer, the EPA will impose a federal plan on the noncompliant states. The thinking is that if a state develops its own proposal, it will be better tailored to the specific needs and unique characteristics of that state, whereas the federal plan will allow for far less flexibility and be more disruptive. McConnell's plan is to encourage states to simply refuse to comply, subject themselves to the federal regulatory regime, and trust that the EPA's climate plan will be invalidated by the courts.
This reminds us that the Republican Party is split right down the middle on climate change. It also reminds us that all their talk of downsizing government and privatizing government functions to the free market is mostly a lot of talk. In Texas, we call that “all boots and no cattle.” It's a losing battle the climate deniers are fighting. Ultimately, they are wrong and will lose the war. By the time the public rejects the deniers, anyone who supported them will have lost all credibility. It's amazing to see the Republicans self-destructing, but that's the ultimate end to this charade they're trying to maintain.
Friday, March 20, 2015
|Obama's SEC has proven it's good at just one thing: killing jobs.
Years ago, the Congress passed the JOBS Act, which promised to kickstart jobs in America.
Since then, the SEC has continually dragged its feet at issuing regulations. This is an abominable government bureaucracy who knew that Bernie Madoff was defrauding investors for decades and refused to stop him. It's an agency which goes after small investors in the name of protecting them. And, it's a job-killing agency which has proven it has no reason to exist.
Now, it seems that the majority party in DC (Republicans) are fed up. Let's hope they not only force the SEC to change its irrational stance on the JOBS Act. Let's hope they do the right thing and let the free market make the decision on investments in general.
Thursday, March 19, 2015
Wednesday, March 18, 2015
Tuesday, March 17, 2015
|The Atlanta Fed has a model which tries to track what GDP for the US economy is doing currently. That model is called GDPNow. So, what does the Atlanta Fed think the economy is doing now?
GDP growth for the first quarter has fallen to 0.3%. That's basically recession territory. This is yet another reason to suspect that the Fed is not data-dependent as they claim to be. If this model is correct, raising interest rates is exactly wrong. If the Fed goes ahead and raises rates, it will be signaling that they actually want the economy to go into recession. Perhaps they do, if only to pop the various financial bubbles they themselves have created.
This is just one more reason why the Fed is a total disaster for the economy and should be ended.
Monday, March 16, 2015
Sunday, March 15, 2015
Thursday, March 12, 2015
Wednesday, March 11, 2015
|#SubscriberNotes have been updated on the website. Europe soars while US corrects. Catch-up or catch-down. Only your friendly QE banker knows!|
Tuesday, March 10, 2015
Monday, March 09, 2015
Sunday, March 08, 2015
Friday, March 06, 2015
|Today's Employment Report released by the government was a head fake for markets.
According to Harry Dent, “Of the 288,000 private jobs added in February, more than 27% fell to industries that pay below an average hourly wage of $15.83. These jobs are typically in restaurants, gas stations, grocery and general merchandise stores. While it is encouraging that we are adding people to the employment rolls, it’s important to note that retail and low-level service jobs do not pay well enough for workers to increase their spending and push the economy forward.”
We should also note that more than 300,000 jobs were lost in the month, more than the number of jobs supposedly created. This was due to shrinkage of the labor force as the number of people actually holding jobs shrank to the lowest level in decades.
Thursday, March 05, 2015
Wednesday, March 04, 2015
|#SubscriberNotes have been updated on the website. What security has gained almost $10,000 per share since mid-January? How much more to go?|
|Driving the marginal cost of energy toward zero is happening.
Oil is plunging and storage is filling up. The Energy Dept reports that:
Crude oil inventory data for the week ending February 20 show that total utilization of crude oil storage capacity in the United States stands at approximately 60%, compared with 48% at the same time last year. Most U.S. crude oil stocks are held in the Midwest and Gulf Coast, where storage tanks were at 69% and 56% of capacity, respectively, as of February 20. This capacity use calculation reflects only crude oil stored in tanks or underground caverns at tank farms and refineries.
And, in electricity, the storage of which can save consumers substantially, we are finding costs are diving. A Comprehensive Look At Tesla's Home Batteries shows:
When attached to solar panels, home batteries store energy that can be used in emergencies, such as power outages, or on a regular basis. Continuous battery use slashes utility bills by reducing dependence on the "grid." Grid electricity is expensive during power spikes, which occur when motors in major appliances are turned on, and during peak demand periods. Home batteries could significantly cut into the generator market with revenues of $16 billion, but more importantly, they seem to be the ultimate solution for storage of excess energy harnessed by solar panels.
However, the author concludes that Tesla's product just won't cut it in this market:
Musk's other companies, including SolarCity, are poised to benefit from a transition to independence from utilities, but it seems that Tesla will not. The promise of a Tesla Model S home battery may hold sway over investors, but is unlikely to hold sway over consumers who can purchase less expensive alternatives from other car companies and affordable power storage system companies.
|The government doesn't want the bad guys to get strong encryption. In other words, our nanny government thinks it has the right to sleep in our beds. That's why they banned export of strong encryption over a decade ago.
Now that stupidity has come back to haunt us. Even the government has fallen victim to weak encryption on websites. It took one Amazon Web Services user just seven hours to crack the encryption on government web sites like WhiteHouse.gov, FBI.gov and NSA.gov (the latter website is, at this moment, an open house for crackers). A survey of websites shows that almost half of sites claiming to be secure are simply not up to the task and can be cracked into fairly easily.
Thus, our government proves to be our enemy. Once again. It's time we took back our government and fixed it. That means eliminating both Democrats and Republicans, the enemies of the people.
Tuesday, March 03, 2015
Monday, March 02, 2015
|Sometimes reality is far stranger than fiction. The Guardian points an accusatory finger at America's climate deniers:
Low-lying south Florida, at the front line of climate change in the US, will be swallowed as sea levels rise. Astonishingly, the population is growing, house prices are rising and building goes on. The problem is the city is run by climate change deniers.Sounds like a short-selling opportunity for properties soon to be underwater.
Sunday, March 01, 2015
|The so-called “hiatus” in global warming is over. In fact, it was never there at all.
What was happening was the excess heat generated by human burning of fossil fuels was being absorbed by the oceans, mostly the Pacific Ocean. This left air temperatures stable for about a decade and a half. And, gave the criminal deniers chances to declare global warming a hoax.
But, now, the true source of the false-hiatus is known: the Pacific Decadal Oscillation was the reason why air temperatures have been relatively stable. And, now, the PDO is ending and it's sending global air temperatures higher. 2014 was the hottest year on record. And, January 2015 was the second warmest January on record as well.
Warmth is being rapidly pumped into the air over the Pacific Ocean. The rate of temperature rise on the planet is likely to double over the next several decades, making it impossible for the world to stay below the 2° warming it had set as a limit to catastrophic warming.
What we need to do now is to shutdown all fossil fuel burning as soon as possible. It's not getting any cooler in here and we're set to really cook the planet in the years ahead.
|Bayer, the inventor of heroin, is threatening to sue environmental organizations over their opposition to bee pesticides. SumOfUs.org reports, “We’ve just received a letter from a major corporate agribusiness firm threatening legal action unless we stop our campaign to save the bees.” Apparently, SumOfUs's campaign against pesticides which are killing bees is making headway.|
Saturday, February 28, 2015
|For batteries to make sure electric vehicles eliminate fossil fuel ones, Stanford's Yi Cui says that:
Right now, batteries cost about $300 per each kiloWatt-hour of capacity. For the two largest use cases (electric vehicles and on-grid storage), we need that figure to drop to about $100 per kW-hr in order for the technology to compete with fossil-fuel-powered cars and generating facilities. For the grid, where the batteries are stationary, it doesn't matter how much they weigh. But for a more effective electric vehicle, we'd like to see the energy density rise from its present 200 W-hr/kg to about 600 W-hr/kg.
That's tripling the capacity while cutting the price by two-thirds. A pretty tall order.
Not too tall. Batteries with even higher capacity are on the way. Stay tuned. ICE (Internal Combustion Engines) are dinosaurs soon to be scrapped and mostly forgotten. Along with oil companies, auto manufacturers (most of them) and many other relics of the technological past. We're approaching a new Golden Age of Cheap Energy.
Thursday, February 26, 2015
|#SubscriberNotes have been updated on the website. The leader of the leader bears watching as it heads for our measured move target price.|
Wednesday, February 25, 2015
|#SubscriberNotes have been updated on the website. Signs of equity weakness continue to setup the next buying opportunity—as bonds bounce.|
|On first glance, it doesn't seem likely. But, there are actually some great arguments in favor of this deal happening.
First of all, Apple has a cash war chest that needs to be invested in the next big product after iPhone. Otherwise, the stock could be hitting a wall where margins fall due to market saturation.
Where are we heading in terms of the next big product out of Silicon Valley? As we've written in recent articles, the autonomous electric car is the next big thing. So, while Apple could certainly build a car company from scratch, buying an existing company really makes a lot of sense—and timing could be critical since many other auto manufacturers are working on their own autonomous cars. Whoever gets to market first with a complete product is going to take home all the marbles.
Elon Musk has stated that his shares in Tesla would be the last to be sold. But, if he feels that the future of autos is safe in Apple's hands, then he might just recommend that Tesla's shareholders sell to Apple. Certainly, Tesla is going to need a huge war chest to scale up production. And, it's going to need the best and brightest to engineer the first truly autonomous car. Apple has been poaching Tesla's designers by offering to boost their salaries by 60% and include a quarter-million-dollar signing bonus. Joining forces could ease the salary pressure on both companies.
It all comes down to Elon's assessment of whether Apple could carry the torch to the ultimate goal.
Tuesday, February 24, 2015
|Elon Musk reveals how much Apple is offering Tesla employees to jump ship reports that Apple is offering Tesla employees a 60% increase in pay and a quarter million dollar signing bonus to jump ship and build a car for Apple.
This illustrates just how important it has become to be a leader in the new era of electric, autonomous cars. In fact, Apple is betting that they will be able to repeat the success of the iPhone in automobiles.
It also points up the price of failure. Any existing car maker that isn't going full bore into electric, autonomous cars is simply going out of business in the long term.
Monday, February 23, 2015
Sunday, February 22, 2015
|Jason Deign writes:
Australia has some of the highest electricity prices in the world due to an overbuild of network infrastructure. Could falling battery costs cause increasing numbers of customers to abandon the system altogether?
Solar power installers in the country say the cost of batteries is the only thing holding back more widespread consumer grid defection in the residential sector.
Australia is already in the midst of a rooftop solar boom as grid customers look to offset the rising cost of utility power.
Almost one-fifth of Australian households now use solar panels for electricity or hot water, tempted by three- to four-year payback times and national rebates that reduce the upfront cost of a PV system.
The rebate is one of a number of renewable energy support systems under threat from the current administration.
An elimination of the PV subsidy could add a couple of thousand dollars to the price of a typical residential solar power system, which currently costs between around AUD $5,000 (USD $3,890) and $10,000 (USD $7,790) for a 5-kilowatt setup.
For now, attempts to cut back on Australia's renewable energy commitments have been met with spirited opposition, leading utilities to resort to other measures to keep customers on the grid....
"Once the battery technology improves and becomes more readily available, then I think there will be a certain tipping point. I'm convinced of it," said Paul Thompson, who runs an installation business called Green Sun Solar in Perth. "I speak to a lot of people, and they would be extremely happy if they could give the middle finger to the power companies. I think people would love to go completely off-grid or hybrid, but it boils down to [battery] price," he said.
Thompson said he sees a lot of interest from consumers, but once they find out the price, "they back off a bit."
Nevertheless, he said, even the elimination of solar power subsidies likely would not be enough to halt Australia's growing trend toward reducing grid-based consumption, and possibly grid defection.
Even as the economics of batteries and solar improve, the lifestyle adjustment needed to defect from the power system may be too great for consumers. But some analysts are warning utilities in Australia that they should expect some consumers to consider the option.
|In 1931, Thomas Edison said, “I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.”
Here we are, 84 years later. Let's take a look at the solar price curve. In 1970, 39 years after Edison's remark, the cost of solar cells needed to produce one watt of electricity cost $100. By 2013, the cost had dropped to 65¢/W. By 2020, the cost is expected to drop to 22¢/W. In other words, within five years from today, solar arrays will have improved their cost basis by 455 times. At the same time, fossil fuels will have become more expensive to extract and are still today, even after the drop of the last year, five times more expensive than they were at the close of the last century. And, remember, once the solar array has paid back its installation and maintenance costs, the marginal cost of electricity is zero—solar power is essentially free for the remaining lifetime of the array (about 50 years).
When investors sell solar stocks just because oil and gasoline have been halved in price, they should consider that gasoline would have to drop well below 1¢ per gallon in order for it to regain its 1970 competitive edge compared to solar power.
Saturday, February 21, 2015
|British Petroleum (BP) caused at least $18 Billion in damages when its Deepwater Horizon exploded and gushed oil for months into the Gulf of Mexico. Now, BP says it can't afford to pay for the damages.
As you know the oil industry will be out of business within the next 15 years. We need to demand that BP pay up now because if they drag this debt into the future, there will not be any money left to pay for the damages. Last year, BP distributed $23 Billion in dividends to its shareholders. Obviously, they have the money. Now it's time to pay. If we let BP wriggle off the hook, they will eventually not have to.