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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Oil_ProfitsDeepwater 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 oil in the Middle East, range from $8.50 in Kuwait to $9.90 in Saudi Arabia, to $12.60 in Iran WE CAN’T COMPETE!

But we shouldn’t bother. We should move to a post fossil fuel economy.

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BEIJING, CHINA - JANUARY 23: A tourist and her daughter wearing the masks visit the Tiananmen Square at dangerous levels of air pollution on January 23, 2013 in Beijing, China. The air quality in Beijing on Wednesday hit serious levels again, as smog blanketed the city. (Photo by Feng Li/Getty Images)

BEIJING, CHINA – Tiananmen Square, January 23, 2013 (Photo by Feng Li/Getty Images)

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 200 GW of Wind, 100 GW of Solar. The plan is also to increase burning of Natural Gas to 10% of their electricity capacity, and to focus on coal with carbon capture. (Apparently the Chinese authorities don’t seem to realize how much carbon sequestration really costs. It is, as they say in New England, “wicked expensive.”)

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PLPort.1601Wall 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, the Sustainable Energy portfolio increased 135.6%.

This excludes the value of dividends and transaction costs, but includes the bankruptcy or crash of three companies in the sustainable energy space.

This month’s post was delayed due to preparations for and digging out from Blizzard Jonas.

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Airpocalypse

Airpocalypse Beijing.

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 people per year in China in 2006.  In 2012, The Guardian reported, here, that in 2010, 1.2 million people died in China and North Korea from air pollution.

 

Side Effects can kill. 副作用可以杀死 Fùzuòyòng kěyǐ shā sǐ 

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PLPort.1512On 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 of the close of trading on December 21, 2015:

  • The Fossil Fuel portfolio was worth $5.1 Million, down 36.23% overall, down 12.08% on an annualized basis.
  • The Sustainable Energy portfolio was worth $21.33 Million, up 166.6%, overall and 55.53% on an annualized basis.
  • The Dow Jones Industrial Average is up 31.8% overall and 10.6% on an annualized basis, from 13,091 on 12/21/12 to close at 17,252 on 10/21/15.
  • The S&P 500 is up 41.33% overall and 13.78% on an annualized basis, from 1,430 on 12/21/12 to close at 2,021 on 10/21/15.
  • If there’s a war on coal, it’s part of the war on fossil fuel – and fossil fuel is losing.

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The Art of Gerrymandering – Part III

by Garry R. Osgood December 15, 2015

In our last post, we wrote about how to compute the Gerrymander Index of shapes, including Congressional districts. Since then we’ve fetched the U. S. Census Bureau tl_2014_us_cd114 Esri shapefile data set of the 435 Congressional Districts for the current 114th Congress, which includes the nine non-voting districts that send delegates to Congress. If you […]

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COP 21 – the Future Began Yesterday

by L J Furman, MBA December 13, 2015

COP 21 is, perhaps, the most important international effort in history. It concluded with an agreement by 196 nations to limit CO2 emissions to hold global temperature rise to 1.5 degrees Centigrade or 3.3 degrees Fahrenheit (NPR). The only way to do this is to phase out fossil fuels, quickly, and replace them with efficient use […]

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12,209 Americans Killed by Americans with Guns in 2015

by L J Furman, MBA December 2, 2015

  December 2, 2015, 19 Americans were killed and 21 wounded in four incidents, one dead, three wounded in Georgia (Atlanta Journal Constitution), two dead in Texas in two incidents (ABC News) and 14 killed and 17 wounded in San Bernardino, California (NPR). In addition, two of the alleged shooters in California were killed and a police officer […]

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Energy Portfolios, 2 Years 11 Months: Sustainable Energy Up 129.5%, Fossil Fuel DOWN 29.6%

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

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Energy Portfolios, 2 Years 10 Months: Sustainable Energy Up 125%, Fossil Fuel DOWN 27%

by L J Furman, MBA October 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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