PL_Port.1508bAccording to Adam Haigh, Bloomberg Business the current stock market valuation “Correction” may be complete. Meanwhile, in the microeconomic world of energy, as illustrated above, the Sustainable Energy portfolio” I created in December, 2012, here, rose slightly above the close of trading Friday, August 21, 2015, while the Fossil Fuel portfolio, the S&P 500 index and the Dow Jones Industrial average closed below their values at the close of trading on 21 August, 2015.

Mr. Haigh, in  Asian Stocks Rise as U.S. Equity Rout Halted; China Futures Gain, wrote,

Asian stocks rose for a second day after U.S. shares halted a six-day rout.

The MSCI Asia Pacific Index gained 0.9 percent to 127.93 as of 9:05 a.m. in Tokyo. The Standard & Poor’s 500 Index jumped 3.9 percent, the most since 2011. Two things that have supported U.S. stocks in the past, dovish words from the Federal Reserve and improved economic data, halted a plunge that erased $2.2 trillion from equity values.

But the long term trend in energy stocks, first reported by me here in February, 2013, appears to be persistent. Solar and Wind stocks may be continuing to climb; Fossil fuel stocks may be continuing to decline. Either or both of these trends could, of course, reverse.

The data are summarized beginning in Table 1, below. [click to continue…]

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PLPort.1508On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 Million in the Sustainable Energy space and $8.0 Million in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space,

  • The Fossil Fuel portfolio is now worth $5.26 Million, down 34.28% overall, 12.85% on an annualized basis.
  • The Sustainable Energy portfolio is now worth $16.2 Million, up 102.6%, 38.48% on an annualized basis.
  • The Dow Jones Industrial Average is up 25.74%, 9.65% on an annualized basis, from 13,091 on 12/21/12 to close at 16,460 on 8/21/15.
  • The S&P 500 is up 37.8%, from 1,430 to close at 1,971 on 8/21/15.
  • The Fossil Fuel and Sustainable Energy portfolios, like the indices, are down in the last month.

The conclusion, that investors are moving away from Fossil Fuels and into Sustainable Energy, seems logical, if not obvious.

[click to continue…]

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On August 17, 2015, I attended the Board of Public Utilities, BPU, hearings regarding New Jersey’s Energy Master Plan, EMP.

The beach and cyclone at Seaside Heights, NJ, before and after Hurricane Sandy, Oct. 2014

The beach and cyclone at Seaside Heights, NJ, before and after Hurricane Sandy, Oct. 2014

A lot of people, myself included, spoke about Sandy. (Photos, click here).

Many spoke of the need for the BPU to act independently of the Governor and think long term.

No one spoke about a need or want for more fossil fuels or more nuclear.

The lobbyist from the NJ GCA, The Gasoline, C-Store, Automotive Association told the commissioners how happy he was that he installed a solar energy system on his home and said that gas stations need robust electricity. They can’t simply install emergency generators that burn diesel or gasoline.

Image of the Lillgrund, Sweden wind farm, courtesy of Siemens

Lillgrund, Sweden, courtesy Siemens

I called for: 140% clean, renewable, sustainable electricity by 2030:

  • Solar: 3.5 GW
  • Wind: 3.5 GW
  • Batteries: 1.5 GW
  • Biofuel: 1.5 GW

Including:

  • 250 MW of solar in a 100 KW array on each of the 2500 public schools,
  • 125 MW of battery backups, in a 50 KW Tesla Powerwall or equivalent system on each public school,
  • These would give us emergency shelters, with power, in every community in New Jersey.
  • A Capstone microturbine, or the equivalent at each sewage treatment plant.

These, I explained, would make the grid more resilient.

I also added that Wall Street appears to be abandoning fossil fuels. This observation is based on the data collected from Dec. 12, 2012, and published on Popular Logistics, here, that show that for the period from Dec. 21, 2012 to July 21, 2015,

  • Sustainable Energy: Up 121%, 46.7% per year.
  • Fossil Fuel: DOWN 25% overall, -9.26% per year,
  • S&P 500: Up 47.54%, 18.41% per year.

The full text of my prepared remarks is below:

[click to continue…]

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PLPort.1507On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space.

  • The Fossil Fuel portfolio is now worth $6.09 Million, down 23.93%.
  • The Sustainable Energy portfolio is now worth $17.64 Million, up 120.54%.
  • Both Fossil Fuel and Sustainable Energy are down slightly in the last month.
  • The Dow Jones Industrial Average is up 37.6%, from 13,091 on 12/21/12 to close at 18,016 on 7/21/15.
  • The S&P 500 is up 47.6%, from 1,430 to close at 2,110 on 7/21/15.

[click to continue…]

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Elgin Marbles in the British Museum

The National Debt of Greece, according to National Debt Clocks . Org, here, as of Thursday, July 10, 2015, 10:45 PM EST, was $380 Billion USD and 345 Billion Euros.

A lot of money, but only $32k EU per person, only slightly higher than the typical American college student’s debt. (US News reported, here, “69 percent [of 2013 graduates] left school with an average of $28,400 in student loan debt.”)

But back to Greece …

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Image of the fire from the oil spill

Deepwater Horizon Spill in 2010. Photo: Gerald Herbert, AP.

11 Crew were lost in the explosion and fire on the Deepwater Horizon rig on April 20, 2010. In addition, roughly 5.2 million barrels of oil poured into the Gulf of Mexico during the 87 days between April 20, 2010 when the explosion occurred and July 15, 2010 when the well was capped.

BP, found guilty of “Gross Negligence” and “Willful Misconduct” in the Deepwater Horizon oil spill, (BBC, EcoWatch), has agreed to pay $18.7 Billion over the next 15 years (BP Press Release, Reuters) to settle various claims with the United States, the states of Florida, Alabama, Mississippi, Louisiana and Texas, and others.  This amounts to 14.8% of BP’s current market capitalization.

Pursuant to the agreements, BP will pay $1.1 Billion per year over the next 15 years. While the $18.7 Billion amounts to 14.8% of BP’s current market capitalization of $125.59 Billion, the $1.1 Billion per year is only a loss of 0.88% of BP’s current market capitalization each year.

However,

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PLPort.2015.6.21On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space,

  • The Fossil Fuel portfolio is now worth $6.54 Million, down 18.24%.
  • The Sustainable Energy portfolio is now worth $18.259 Million, up 128.24%.
  • The Dow Jones Industrial Average is up 37.6%, from 13,091 on 12/21/12 to 18,061 on 6/20/15.
  • The S&P 500 is up 47.55%, from 1,430 to 2,110.
  • The Energy Portfolios and the Indices are down in the last month.

[click to continue…]

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PLPort.1505On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space.

  • The Fossil Fuel portfolio is now worth $6.95 Million, down 13.1%.
  • The Sustainable Energy portfolio is now worth $18.98 Million, up 137.3%.
  • Both Fossil Fuel and Sustainable Energy are down slightly in the last month.
  • The Dow Jones Industrial Average is up 39.7%, from 13,091 on 12/21/12 to close at 18,286 on 5/21/15.
  • The S&P 500 is up 49%, from 1,430 to 2,131.

[click to continue…]

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PLPort.2015.4.21

On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space,

  • The Fossil Fuel portfolio is now worth $7.0 Million, down 12.1%.
  • The Sustainable Energy portfolio is now worth $19.0 Million, up 138.1%.
  • The Dow Jones Industrial Average is up 37.1%, from 13,091 to 17,950.
  • The S&P 500 is up 46.6%, from 1,430 to 2,097.

The conclusion appears to be that sustainable energy is as good for the portfolio as it is for the planet.

[click to continue…]

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PLPort.2015.3.21

On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the Fossil Fuel space. The pattern, clear by March, 2013, is the Sustainable Energy Space is outperforming and the Fossil Fuel space is underperforming the indices.

Excluding the value of dividends and transaction costs,

  • The Fossil Fuel portfolio is now worth $6.7 Million, down 16.07%.
  • The Sustainable Energy portfolio is now worth $18.2 Million, up 127.62%.
  • The Dow Jones Industrial Average is up 38.47%, from 13,091 on 12/21/12 to 18,209 on 3/20/15
  • The S&P 500 is up 47.42%, from 1,430 to 2,108.

[click to continue…]

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Energy Portfolios, 2 years 2 Months: Sustainable Energy up 109%, Fossil Fuel DOWN 11.8%

by L J Furman, MBA February 23, 2015

On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space. Excluding the value of dividends and transaction costs, Fossil Fuel portfolio: from $8.0 M to $7.06 Million, down 11.76%. Sustainable Energy portfolio: from […]

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If Not Vaccines, What Triggers Autism?

by L J Furman, MBA February 1, 2015

“Of all the gin joints in all the towns in all the world, she walks into mine” – “Casablanca. Once rare, the incidence of Autism has increased exponentially from less than 0.02% of boys to 2.38%. Before the MMR Vaccine: 400 to 500 died each year as Millions contracted the disease. Due to widespread administration […]

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Energy Portfolios, 2 years 1 Month: Sustainable Energy up 85%, Fossil Fuel DOWN 14.6%

by L J Furman, MBA January 27, 2015

On Dec. 21, 2012, drying off from Hurricane Sandy, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; Eight in the Sustainable Energy space and eight in the fossil fuel space. The Dow Jones Industrial Average is up 34.15 % from 12/21/12 to 1/21/15 The S&P 500 is up […]

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Energy Portfolios, 24 Months: Sustainable Energy up 91%, Fossil Fuel DOWN 10%

by L J Furman, MBA December 28, 2014

On Dec. 21, 2012, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; Eight in the Sustainable Energy spaces and eight in the fossil fuels spaces. The results: The Dow Jones Industrial Average is up 36.2 % from 12/21/12 to 12/19/14. The S&P 500 is up 44.8% from 12/21/12. […]

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The War on Coal or War for our Grandchildren and our Biosphere?

by L J Furman, MBA November 27, 2014

Coral Davenport, in the New York Times, writes (here), “President Obama could leave office with the most aggressive, far-reaching environmental legacy of any occupant of the White House. Yet it is very possible that not a single major environmental law will have passed during his two terms in Washington. “Instead, Mr. Obama has turned to […]

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