PLPort.1608

On Dec. 21, 2012, I imagined $16 Million dollars in equal investments in 16 real energy companies; eight Sustainable Energy companies and eight fossil fuel companies. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space and a coal company, at the close of trading on August 19, 2016:

  • The Fossil Fuel portfolio went from $8.0 Million to $5.85 Million, down 25.85% overall, down 7.3% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $19.1 Million, up 138.414%, overall and 37.75% on an annualized basis.
  • The Dow Jones Industrial Average is up 41.72% overall and 11.38% on an annualized basis, went from 13.091 on 12/21/12 to 18,553 on 8/21/16.
  • The S&P 500 is up 52.73% overall and 14.38% on an annualized basis, from 1,430 on 12/21/12 to close at 2,165 on 8/21/16.

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PLPort.1607 On Dec. 21, 2012, I imagined $16 Million dollars in equal investments in 16 real energy companies; eight Sustainable Energy companies and eight fossil fuel companies. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space.

As of the close of trading on July 21, 2016:

  • The Fossil Fuel portfolio went from $8.0 Million to $5.94 Million, down 25.63% overall, down 7.2% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $17.98 Million, up 124.764%, overall and 34.8% on an annualized basis.
  • The Dow Jones Industrial Average is up 41.45% overall and 11.57% on an annualized basis, went from 13.091 on 12/21/12 to 18,517 on 7/21/16.
  • The S&P 500 is up 51.4% overall and 14.3% on an annualized basis, from 1,430 on 12/21/12 to close at 2,165 on 7/21/16.

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PLPort.1606

On Dec. 21, 2012, I imagined $16 Million dollars in equal investments in 16 real energy companies; $1.0 M in each company in each of eight companies in the Sustainable Energy space and $1.0 M each of eight companies in the fossil fuel space. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of various companies in the sustainable energy space and coal industry.

As of the close of trading on June 21, 2016:

  • The Fossil Fuel portfolio went from $8.0 Million to $5.92 Million, down 25.98% overall, and 7.4% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $18.019 Million, up 125.24%, overall and 35.8% on an annualized basis.
  • The Dow Jones Industrial Average is up 36.2% overall and 10.3% on an annualized basis, went from 13.091 on 12/21/12 to 17,501 on 6/21/16.
  • The S&P 500 is up 446.08% overall and 13.2% on an annualized basis, from 1,430 on 12/21/12 to close at 2089 on 6/21/16.

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Kemper.Ariel

Kemper Coal & Natural Gas Facility, photo courtesy Mississippi Power Co.

The Kemper coal and natural gas facility is a 582 MW electric power plant that was supposed to cost $2.2 Billion and open in May, 2014. It hasn’t opened yet, and is now projected to cost $6.6 Billion, triple the original budget. According to Power Maghere,

The most recent filing pushes the bill to $6.66 billion. The plant was originally estimated to cost $2.2 billion in 2004, but costs began spiraling out of control almost immediately, especially once construction began in 2010 and the company discovered that many of the original designs needed major changes. Those problems appear to be continuing, as Mississippi Power said the April 1 update is “related to operational readiness and challenges in start-up and commissioning activities which includes the cost of repairs and modification to the refractory lining inside the gasifiers.”

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Image of Louis Marquez carries his dog, Dallas, through floodwaters after rescuing the dog from his flooded apartment Tuesday in Houston. A FedEx van is in water up to middle of the headlights (AP Photo/David J. Phillip)

Louis Marquez carries his dog, Dallas, through floodwaters after rescuing the dog from his flooded apartment Tuesday in Houston. (AP Photo/David J. Phillip)

In the spring of this year, the news media reported floods in Texas, Oklahoma, Mexico, France, Germany, Russia, Ukraine, Australia and elsewhere.

  • 9 US soldiers were lost in floods around Fort Hood in Texas.
  • Other Americans have died in the flooding in Oklahoma.
  • The Louve and Orsay museums in Paris are closed and moving priceless art to higher ground to protect it from the floods.

What’s going on?

Elementary chemistry. [click to continue…]

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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, and Peabody Coal.

As of the close of trading on May 20, 2016:

  • The Fossil Fuel portfolio went from $8.0 Million to $5.53 Million, down 30.8% overall, down 8.9% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $17.778 Million, up 122.22%, overall and 35.774% on an annualized basis.
  • The Dow Jones Industrial Average is up 33.69% overall and 9.86% on an annualized basis, went from 13.091 on 12/21/12 to 17,501 on 5/21/16.
  • The S&P 500 is up 43.52% overall and 12.74% on an annualized basis, from 1,430 on 12/21/12 to close at 2051 on 1/21/16.

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ft_mcmurray.1

Fort McMurray, Alberta Canada. The tar sands boom is going down in flames; going up in smoke. The fire, which started May 1, 2016, has burned 156,000 hectares, which is 15.6 million acres, 602 square miles or 1,560 square kilometers.

As is evident in the image the flames are taller than the trees.  [click to continue…]

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PL_Port.40On 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, and one company in the fossil fuel space.

The big news this month is the bankruptcy filing of Peabody Coal (Bloomberg, here). [click to continue…]

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PLPort.1603

On Dec. 21, 2012, drying off from Sandy, after the lights came back on, I put $16 Million imaginary dollars in equal imaginary investments in 16 real energy companies; $1.0 Million in each of eight companies in the Sustainable Energy space and another $1.0 in each of eight companies 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,

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PLPort.1602

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 …

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Drilling for Oil off the Jersey Shore – Forget About It

by L J Furman, MBA February 4, 2016

Deepwater Drilling Offshore of the US yields oil at $57 per barrel (see note 1) and, according to Forbes, the Break-Even price is $65 per barrel. It makes no sense to drill deepwater wells offshore of the US with WTI crude oil under $35 per barrel And given that the costs to produce a barrel of […]

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China to Cut Carbon Dioxide Emissions Below 2005 Levels – After 2030.

by L J Furman, MBA January 31, 2016

Forbes, here, and reports that China is building a  200 MW solar farm in the Gobi Desert (Clean Technica, here, IFL Science, here. However, Chinese authorities plan for carbon emissions to peak in 2030 – that is to keep increasing until 2030.  Bellona, here, reported that Chinese authorities plan to increase renewables to 20% by 2030. This will include […]

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Energy Portfolios, 3 Years, 1 Month: Sustainable Energy Up 135.6, Fossil Fuel DOWN 42.8%

by L J Furman, MBA January 26, 2016

Wall St. 1/21/16. 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. Today it is worth an imaginary $23.48 Million because while the Fossil Fuel portfolio dropped 42.8% of it’s total value, […]

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Industrialization in China: Side Effects can Kill

by L J Furman, MBA January 4, 2016

副作用可以杀死 Fùzuòyòng kěyǐ shā sǐ Side Effects Can Kill China, since 1947, has become an economic powerhouse. But back in 2007, National Geographic reported, here, on a World Health Organization, WHO, report,  that 656,000 people died in China in 2006 from air pollution. National Geographic also reported that polluted drinking water killed at the rate of 95,000 […]

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Energy Portfolios, 3 Years: Sustainable Energy Up 166.6%, Fossil Fuel DOWN 36.23%

by L J Furman, MBA December 22, 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, but including the bankruptcy or crash of three companies in the sustainable energy space. As […]

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