Tag Archives: Fossil Fuel

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

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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Popular Logistics Energy Portfolios: The Trend Continues.

 

Popular Logistics Energy Portfolios

The trend is clear – if 4 1/2 months is enough to establish a trend – the Sustainable Energy portfolio is up 58.78% from 12/21/12 while the Fossil Fuel portfolio is only up 6.71%. The Dow is up 15.49% and the S&P 500 is up 14.24% in that same period.

Is it because Atmospheric Carbon Dioxide has reached 400 PPM? (NPR / NY Times) Is Wall Street reacting because Goldman Sachs and JP Morgan, and other investment banks and hedge funds are hiring analysts from Greenpeace or people like me with MBAs in Sustainability from Marlboro, the Presidio, and the Bainbridge Institute? Continue reading

Fuel Barges Explode – 3 Injured

Image of fuel barges on fire.

Fuel Barge Fire, Mobile Alabama, 4/24/13

As reported by Ed Payne, CNN, here, At least six explosions rocked two fuel barges carrying gasoline as they were docked on the Mobile River, in Mobile Alabama. All people are believed to be accounted for.Three people were taken to the USA Medical Center with burns. They remain in critical condition. The barges were being prepped for reload. The fires were monitored from a distance.

I wonder if authorities in Alabama chose to monitor the fires from a safe distance rather than risk the lives of emergency responders. Perhaps mindful of the 10 to 16 first responders killed in the fire and explosion at the West, Texas fertilizer plant last week (my coverage is here).

Thinking long term, we should be developing an efficient and sustainable energy infrastructure with fuel from kitchen waste, farm waste, and sewage.

If the Nega-Watt is the Least Expensive, Cleanest and Most Valuable unit of energy, and the Nega-Fuel-Watt is the 2nd Least Expensive, 2nd cleanest and 2nd Most Valuable, then the “Fuel-From-Waste-Watt” is the 3rd Least Expensive, 3rd Cleanest and 3rd Most Valuable unit of energy.

A candidate for General Assembly to represent NJ Legislative District 12, and an analyst with Popular Logistics, Lawrence J. Furman holds a Bachelor’s in Biology, and an MBA in “Managing for Sustainability” from Marlboro College, Vermont. He also has experience in information technology. He can be reached at ‘Larry” at Furman For New Jersey. com

Energy Portfolios At 3 Months: Sustainable Energy: Up 22%. Fossil Fuels: Up 3%

PopLog_EPort.130322

As of the close of trading on March 22, 2013, excluding the effects of dividends, the Sustainable Energy reference portfolio I created on 12/21/12 is up 21.67%, from $8.0 Million to $9.73 Million. Excluding the effects of dividends, the Fossil Fuel Reference Virtual Portfolio is up 2.7%, from $8.0 Million to $8.221 Million in the same time frame. The Dow Jones Industrial Average is up 10.85% and the S&P 500 is up 8.88%.  Note that this is a simulation.  Note also that this doesn’t take into account the effects of dividends.

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Gold Bricks and Sink-Holes – The Risk & Reward of Fossil Fuel, Solar & Wind

 

3 Gold-BrickOn Dec. 21, 2012, with virtual portfolios of 7 sustainable energy and 7 fossil fuel companies, I launched the Popular Logistics Sustainable Energy simulation, here.

On Feb. 8, 2013, after 6 weeks, after exercising virtual options to invest in 2 additional companies at 12/21/12 prices, I reported the results, here.

  • The Sustainable Energy portfolio is up 12.6%
  • The Fossil Fuel portfolio is up 5.09%.
  • The Dow Jones Industrial Average is up 6.52%
  • The S&P 500 is up 5.52%.
  • The Sustainable Energy Portfolio is up significantly more than the Fossil Fuel Portfolio, and the major indices.
  • The Fossil Fuel Portfolio is up, but lags the major indices.

 

Guatemala-Sinkhole

These results are not that surprising. Continue reading

Nega-Watts, Nega-Fuel-Watts, Mega-Bucks

 PopLog4

 

On Dec. 21, 2012, I launched the Popular Logistics Sustainable Energy Portfolio Simulation. After 6 weeks, as of the close of business 2/7/13, the results are:

  • The Sustainable Energy Portfolio is UP 12.6%
  • The Fossil Fuel Reference Portfolio is UP 5.09%

In comparison,

  • The Dow Jones Industrial Average is UP 6.52%
  • The S&P 500 is UP 5.52%

While six weeks is a very short time frame, except for fruit flies and Day Traders, the Popular Logistics Sustainable Energy Portfolio outperformed the Dow, the S&P 500, and the Fossil Fuel Reference Portfolio by a wide margin. In the same time frame the Fossil Fuel Reference Portfolio also underperformed these indices.

Details are below

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The Deepwater Horizon After the Macondo Well Explosion

An Iceberg

First conclusion of a series that began after Earth Day and includes Fossil Fuels and a Walk on the Moon, Drill Baby Drill or Drill Baby Oops, Magnitude, Part 1, One Month After, The Chernobyl of Fossil Fuel?, and Magnitude, Part 2. )

As I wrote on Earth Day, “In 100 years our descendants will not be burning coal, oil, natural gas or using nuclear fission.  They might be using terrestrial nuclear fusion.  They will be using solar, wind, geothermal, marine current hydro, tidal energy systems – clean, renewable, sustainable energy systems. No fuel: No Waste. No mines, mills, wells, spills. No arsenic, lead, mercury, selenium, thorium – no carbon or fly ash to be contained, sequestered, or to leak.

“We have started.  California and New Jersey lead the U. S. Germany and Spain lead Europe. Boeing and Richard Branson’s Virgin Atlantic want to build aircraft that run on biodiesel.  We need to move forward in a big way – to 100% clean energy in 10 years, to retrain coal miners and oil rig operators to build and run solar arrays and wind turbines, and dig deep geothermal systems.”

Otherwise the Deepwater Horizon Explosion at the Macondo oil field, the oil spills in Ecuador and Nigeria, the coal ash floods like the TVA Kingston Steam Plant, coal mine disasters like at Upper Big Branch, spills like the Exxon Valdez, and events like Three Mile Island and Chernobyl will be ‘”Business as Usual.”

A friend of mine who works for BP, and who would like to work for BP Solar, tells me that most BP staff don’t go to work thinking “How can I destroy the earth today. They are, she says “focused on obtaining and selling oil.”  Few consider themselves environmentalists. Many see this as business as usual. “Oil spills happen,” they say. They are “focused on getting petrochemicals to market.”

The Macondo oil field that was tapped by the Deepwater Horizon could have contained 1 Billion Barrels of crude. It could have been one of the largest oil discoveries in the world .” (Click here for CBS and here for Times of London). The well could gush oil for YEARS and could have met US needs in 2007 – 21 Million Barrels per Day – for 47 days (here).

This volume of crude oil – 1 Billion Barrels – could explain the explosion. The equipment was built to operate at 20,000 PSI and withstand 60,000 PSI. It the pressures exceeded the limits, then the equipment could have failed. Simple. And Catastrophic. When you consider the pressures under 5000 feet of ocean, and the pressure of 1 Billion Barrels of oil, when you have engineers scratching their head saying “I don’t know, I never saw anything like this. What do You think we should do?”  One the thing to do is run like hell.

An Orca

An Orca

As was noted earlier in the series, like the iceberg pictured above and the Orca pictured at left, this is a singularity.  But it has precedents.

  • TVA Kingston: 1.2 Billion Gallons of toxic coal ash sludge, upstream of Kingston, Tennessee, 12/22/08.
  • Chevron Texaco: (alleged) 18 Billion Gallons (428.6 million barrels) of Oil Process Waste, Rainforests of Ecuador, 1964 to 1990.
  • Oil Fires of Kuwait: 6 Million Barrels per Day, up to 6 Months, 1991.
  • Exxon Valdez: 250,000 Barrels, Prince William Sound, 1989.
  • The Niger Delta, in Nigeria, 250,000 Barrels per year for the last 50 years (click here), “Big oil spills are no longer news in this vast, tropical land….has endured the equivalent of the Exxon Valdez spill every year for 50 years by some estimates…. Perhaps no place on earth has been as battered by oil, “
Flares in the Jungle

Flares in the Jungle

The TVA coal ash flood (here, here, here), the Upper Big Branch Mine accident (here, here), and the Deepwater Horizon at Macondo may be the “Trifecta” of American Fossil Fuel Disasters.  But, like the problems in Ecuador (here) and Nigeria (here), these are “Systems Problems” – built into the system. The only way to eliminate them is to change the system.

This is what precisely what some people are trying to do. Students and faculty in the Marlboro MBA in Managing for Sustainability at the Marlboro College Graduate Center in Brattleboro, Vermont. They think about “Changing the Climate of Business.” And they may be are on to something, as are like minded people at the Presidio, the Fowler Center for Sustainable Value, at Case Western, and Columbia University’s Earth Institute.

Here’s an idea that will enable BP to make things right, change their image, and even make money. Suppose BP Solar built new factories in Florida and Louisiana, and hire former petrochemical and seafood workers – and churned out 25,000 to 50,000 PhotoVoltaic solar modules and 1,250 to 2,500 inverters per day. This would be 5 to 10 megawatts per day, 160 to 300 mw per month, 600 mw to 1.2 gigawatts per year.

According to my back of the envelope calculations, we need about 50 gw of solar in this country, along with 200 gw of wind, and 50 to 100 gw of other CRS (Clean, Renewable, Sustainable) generating capacity, so this is a drop in the bucket. But this is real change. It’s defining moment, substantive, shake the cobwebs out of the attic, hurricane force, Dorothy we’re not in Kansas anymore, paradigm shifting change.

BP Solar, or Massey Energy, or Akeena, Evergreen, First Solar, Sunpower, could do the same thing in West Virginia – build factories to manufacture PV Solar Modules and Solar Hot Water Panels, and hire local people to work in the factories.

It is change we can wrap our arms around, change we can celebrate. As President Obama might say, “change we can believe in. ”

This was planned as the Final Post in this series on the Deepwater Horizon / Macondo oil well disaster which began after Earth Day. Other posts include:

  1. Fossil Fuels and a Walk on the Moon,
  2. Drill Baby Drill or Drill Baby Oops,
  3. The Magnitude of the Spill,
  4. One Month After,
  5. The Chernobyl of Fossil Fuels?, and
  6. Magnitude, Part 2.

However, I will continue to offer my thoughts and analysis once or twice per month as the oil continues to gush forth into the Gulf of Mexico.

Drill Baby, Drill – or Drill Baby, Oops

Second in a series  (1, 2) that began on “Earth Day” (0).

“In order to make Policy, you have to be good at Politics.”

– Deborah Stone, “Policy Paradox”

President Obama

President Obama, Official Photo

I like and respect President Obama. I think he’s a well educated lawyer and law school professor, with a good grasp of the Constitution, and the realities of Chicago machine politics and Inside-The-Beltway politics. He understands Stone. He’s also a moderate liberal. However, his economic advisors – Tim Geithner and Larry Sommers – only know what’s good for Wall Street, so every answer is “what’s good for Wall Street.” They don’t appear to know anything about ecological economics.  Obama needs to listen to Herman Daly, Robert Costanza, Paul Krugman, Robin Krugman, Joseph Stiglitz, and others with a long term view and a better understanding of what neoclassical economists call “externalities.”

Perhaps worse, his energy secretary, Steven Chu, is focused on carbon sequestration, nuclear power, and what we might as well call “Drill Baby, Opps.” Continue reading

Statement at Marlboro Green Awareness

In Monmouth County, NJ, the Marlboro Republican Club, and the Manalapan Republican Club, are hosting  a Green Awareness Event, “An Event to Educate and Benefit our Environment” Tuesday, December 9, 2008 @ 7:00 PM, Marlboro Recreation Building – 1996 Recreation Way, Marlboro Township.  This is the statement I planned on making. I did not get a chance to speak.

However, I did get a chance to Listen.

  • Freeholder Barbara McMorrow, Monmouth County Board of Chosen Freeholders, who told us what the Freeholders will be doing for Monmouth County.
  • Mayor Fred R. Profeta, Jr, Deputy Mayor for Environment, Maplewood, NJ, who told us what people are doing in Maplewood.
  • Madea Villere, NJ Sustainable State Institute, Rutgers University, who offered a clear, succinct definition of “Sustainability” – meeting the needs of the present without compromising the needs of the future – and told us what we can do in our communities.

I’d like to thank the Manalapan Republicans and the Marlboro Republicans for holding this event.

I’d am available to talk about Nuclear Power and Coal and then Solar and Wind.

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