The Answer My Friends, Is Blowin’ in the Wind –

Image of Block Island Wind, off of Rhode Island

As noted in the Asbury Park Press, here, Orsted (DKK, DNNGY). with support from PSEG, will build Ocean Wind, a 1.11 GW farm about 15 miles east of Atlantic City.  “Ocean Wind” should come online in 2024. NJ’s Board of Public Utilities, BPU approved the $1.6 Billion, $1.44 per watt plan. (Press Release. Financial Information.)

That’s about twice the nameplate capacity of the Oyster Creek nuclear power plant, built in the late 1960’s and turned off in 2018, at 12.8% of the cost of new nuclear.

Back in 2008, NASA published this on Global Ocean Wind Energy Potential. 

Ocean Wind will power roughly 500,000 homes beginning in 2024. NJ Gov. Phil Murphy set the state’s Energy Master Plan to build 3.5 GW offshore wind to power 1.5 million homes by 2030.

Meanwhile, in Georgia, the newest nuclear power plants, the 2.234 GW Vogtle 3 and 4, the first new nuclear reactors built in the United States in 30 years, are now 6 years late and estimated to cost $28 billion. (Taxpayer.net).  That is a cost overrun of $14 billion, 100% over the initial cost of $14 billion.  (Atlanta Journal Constitution, Power).

New nuclear is 8.7 times the cost of new wind power capacity. And nuclear needs fuel, waste management, and the safety and security concerns with nuclear power can not be understated.

—

A co-founder of Popular Logistics, I hold an MBA in “Managing for Sustainability” from Marlboro College and a Bachelor’s of Science in Biology from the City University of New York  College of Staten Island. I also hold a PMI’s PMP and CompTIA’sNetwork+ certifications. Available as a speaker and consultant, I can be reached at “Popular Logistics . com” as “L Furman.”

Nuclear Power, 2019. Why?

Vogtle 3 and 4, the first new nuclear reactors built in the United States in 30 years, are now 6 years late and estimated to cost $28 billion. (Taxpayer.net).  That is a cost overrun of $14 billion, 100% over the initial cost of $14 billion.  (Atlanta Journal Constitution, Power).

The 2.234 GW plants at Vogtle will cost $12.5 per watt, if there are no more overruns, plus the costs of fuel, security, maintenance, etc. Utility scale solar is under $2.00 per watt. Utility scale wind is estimated at $1.44 per watt for Ocean Wind, the 1.11 GW wind farm to be built 15 miles east of Atlantic City.
 
Neither solar nor wind require fuel or military security forces.  The money used to construct a 1 GW nuclear reactor could construct 6.5 GW of solar or 8.7 GW of wind. 
 
Rough Comparison of New Electricity Capacity Costs
Energy Price per watt Capacity for $12.5 B (GW)
Nuclear $12.50 1.00
Solar $2.00 6.25
Wind $1.44 8.70
Table 1
 
Why, given the cost of nuclear, the bankruptcy of Westinghouse, the dearth of young nuclear engineers, and the costs of wind and solar are we even thinking about, let along sinking $Billions of taxpayer dollars, in nuclear? 

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Annual Flooding in Miami

Miami during Hurricane Irma in 2017. Image by Kevin Hagan for the NY Times

“Climate Change,” according to Ban Ki Moon and Francis Suarez, writing in the New York Times, here,  “is not a distant threat for Miami; it’s a daily presence in people’s lives. The city has been fighting to stay above water for decades. It knows that its future as a vibrant international hub for business, tourism, arts and culture depends on making the city more resilient to the impact of global warming.”

Eileen Mignoni, In “Flooding is the new normal in Miami In Miami,” here, in Yale Climate Connections, wrote, “sea-level rise is not a problem for future generations. It’s a present-day reality.

Moon, the former Secretary General of the U.N. and Suarez, Miami’s Mayor, wrote, 

Continue reading →

Oyster Creek Nuclear Power Plant to close in October, 2018

Exelon Corporation, citing costs and other issues, announced that it would close the Oyster Creek nuclear power plant in Lacey, NJ, in October, 2018. 

Alex Geecan, covering the story in the Asbury Park Press, here, quoted Neil Sheehan, a spokesman for the Nuclear Regulatory Commission,

“The NRC requires “that the decommissioning process for a nuclear power plant must be completed within 60 years.”

So after producing power for 50 years, the plant will be managed, guarded, and eventually dismantled, a process that may take as long as 60 years.

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Energy Portfolios: 5 Years: Sustainable Energy Up 130.6%, Fossil Fuel DOWN 17.4%

On Dec. 21, 2012, I put $16 Million imaginary dollars into 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space, $1.0 Million into each. 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 five (5) years later,

  • The Market Capitalization of the sustainable energy companies is up 148.6%, from $39.58 Billion to $98.4 Billion. (See Table 6, below).
  • The Market Capitalization of the Fossil Fuel portfolio is DOWN 3.8%, from $1.09 Trillion to $1.05 Trillion. (See Table 7, below).
  • And the Market Capitalization of the Big Oil companies is DOWN 2.6%,from $1.03 Trillion on 9/21/17 to $1.007 Trillion on 10/20/17. (See Table 8, below).

In addition, 

  • The Fossil Fuel portfolio went from $8.0 Million to $6.61 Million, down 17.4% overall, down 3.48% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $18.5 Million, up 130.6%, overall and 26.1% on an annualized basis.
  • The Dow Jones Industrial Average is up 89.3% overall and 17.86% on an annualized basis; from 13,091 on 12/21/12 to 24,782 on 12/21/17.
  • The S&P 500 is up 87.8% overall and 16.63% on an annualized basis, from 1,430 on 12/21/12 to close at 2,685 on 12/21/17.

Continue reading →

You might have seen this ad, from PSEG or on their website, “NJ Needs Nuclear . com”

“It’s Cheaper to Keep Air Pollution-Free Nuclear Power than to Replace It,” the ad claims. And that is true. It’s also cheaper to drive a 10, 15, or 20 year old car than replace with a new one. Instead of a monthly car payment you have maintenance payments – new tires every 8 years or every 80,000 miles, whichever comes first, annual engine tune-ups. 

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Energy Portfolios, 4 Years, 11 Months: Sustainable Energy Up 108.6%, Fossil Fuel DOWN 24.3%

On Dec. 21, 2012, I put $16 Million imaginary dollars into 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space, $1.0 Million into each. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of three companies in the sustainable energy space,

In recent months the Sustainable Energy portfolio has dropped and the Fossil Fuel portfolio has increased. However, this may prove to be a short term correction that has more to do with macro-geopolitical events emanating from Washington, DC than global macroeconomic factors.    

As of the close of trading 59 months later,

  • The Market Capitalization of the sustainable energy companies is up 148.6%, from $39.58 Billion to $98.4 Billion. (See Table 6, below).
  • The Market Capitalization of the Fossil Fuel portfolio is DOWN 3.8%, from $1.09 Trillion to $1.05 Trillion. (See Table 7, below).
  • And the Market Capitalization of the Big Oil companies is DOWN 2.6%,from $1.03 Trillion on 9/21/17 to $1.007 Trillion on 10/20/17. (See Table 8, below)

In Addition

  • The Fossil Fuel portfolio went from $8.0 Million to $6.06 Million, down 24.3% overall, down 4.94% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $16.7 Million, up 108.6%, overall and 22.1% on an annualized basis.
  • The Dow Jones Industrial Average is up 80.2% overall and 16.31% on an annualized basis; from 13,091 on 12/21/12 to 23,591 on 11/21/17.
  • The S&P 500 is up 81.8% overall and 16.63% on an annualized basis, from 1,430 on 12/21/12 to close at 2,599 on 11/21/17.

The details are below.

Continue reading →

Energy Portfolios, 4 Years, 10 Months: Sustainable Energy Up 147.6%, Fossil Fuel DOWN 23.0%

On Dec. 21, 2012, I put $16 Million imaginary dollars into 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space, $1.0 Million into each. 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 58 months later,

  • The Market Capitalization of the sustainable energy companies is up 153.1%, from $39.58 Billion to $100.2 Billion. (See Table 6, below).
  • The Market Capitalization of the Fossil Fuel portfolio is DOWN 2.4%, from $1.099 Trillion to $1.06 Trillion. (See Table 7, below).
  • And the Market Capitalization of the Big Oil companies is DOWN 12.25%,from $1.03 Trillion on 9/21/17 to $1.02 Trillion on 10/20/17. (See Table 8, below)

Continue reading →

Energy Portfolios, 4 Years, 9 Months: Sustainable Energy Up 153.9%, Fossil Fuel DOWN 26.93%

 

On Dec. 21, 2012, I put $16 Million imaginary dollars into 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space, $1.0 Million into each. 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 57 months later,

  • The Market Capitalization of the sustainable energy companies is up 145.3%, from $39.58 Billion to $97.07 Billion. (See Table 6, below).
  • The Market Capitalization of the Fossil Fuel portfolio is DOWN 5.5%, from $1.099 Trillion to $1.029 Trillion. (See Table 7, below).
  • And the Market Capitalization of the Big Oil companies, PB, Exxon, Chevron, Conoco Philips and Shell, is down 11.84%, from $1.034 Trillion on 12/21/12 to $987.8 Billion on 9/21/17. (See Table 8, below).

As of the close of trading on September 21, 2017:

  • The Fossil Fuel portfolio went from $8.0 Million to $5.85 Million, down 26.93% overall, down 5.77% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $20.32 Million, up 153.94%, overall and 32.99% on an annualized basis.
  • The Dow Jones Industrial Average is up 65.8% overall and 13.85% on an annualized basis; from 13,091 on 12/21/12 to 21,704 on 9/21/17.
  • The S&P 500 is up 69.8% overall and 14.69% on an annualized basis, from 1,430 on 12/21/12 to close at 2,428 on 9/21/17.

The Sustainable Energy portfolio includes First Solar (FSLR) and Sunpower Corp. (SPWR) in the solar space, Vestas (VWSYF), a wind company, Next Era Energy (NEE), a utility, Solazyme (SZYM) a biofuel company, Cree (CREE) and Lighting Sciences (LSCG) in the LED space and GT Advanced Tech (GTAT), which in Dec. 2012 made solar ovens for cooking PV wafers.

The fossil fuel companies are the oil companies British Petroleum (BP), Chevron Texaco (CVX), Conoco Phillips (COP), Exxon Mobil (XOM) and RD Shell (RDS.A), the now bankrupt coal company, Peabody Coal, and Haliburton (HAL) and Transocean (RIG), companies in the offshore oil and oil and gas drilling service industries.

The data are summarized beginning in Table 1, below.

Summary Data
Portfolio 12/21/12 09/21/17 Delta Delta % Annualized
Sustainable Energy 8,000,000 20,315,038 12,315,038 153.94% 32.41%
Fossil Fuel 8,000,000 5,845,911 -2,154,089 -26.93% -5.67%
DJI 13,091 21,704 8,613 65.79% 13.85%
S&P 500 1,430 2,428 998 69.79% 14.69%
NASDAQ 3,012 5,251 2,239 74.34% 15.65%
Table 1

The stock price data for the Sustainable Energy portfolio are in Table 2, below.

Sustainable Energy Portfolio – Stock Prices
Item Company Symbol 12/21/12 09/21/17 Delta Delta %
1 Cree CREE 34.0 24.6 -9.37 -27.56%
2 First Solar FSLR 31.0 48.8 17.76 57.29%
3 GT Adv. Tech. GTAT 3.0 0.0 -2.98 -99.33%
4 Lighting Science LSCG 0.8 0.0 -0.73 -97.19%
5 Next Era Energy NEE 70.0 146.8 76.78 109.69%
6 Sun Power SPWR 5.4 7.4 1.94 35.73%
7 Solazyme SZYM 8.3 2.2 -6.19 -74.22%
8 Vestas VWS 6.3 90.1 83.74 1327.10%
  Note that GTATno longer exists
Table 2

The stock price data for the Fossil Fuel Portfolio are in Table 3, below.

Fossil Fuel Portfolio – Stock Prices
Item Company Symbol 12/21/12 09/21/17 Delta Delta %
1 BP BP 42.1 37.7 -4.42 -10.49%
2 Chevron Texaco CVX 109.7 116.5 6.76 6.16%
3 Conoco Philips COP 58.6 48.7 -9.91 -16.91%
4 Exxon Mobil XOM 87.2 79.9 -7.34 -8.41%
5 Royal Dutch Shell RDS.A 69.3 59.0 -10.28 -14.84%
6 Haliburton HAL 34.7 37.9 3.19 9.19%
7 Transocean RIG 45.6 9.1 -36.56 -80.11%
8 Peabody Coal BTU 395.3 0.0 -395.25 -100.00%
Table 3

The valuation data for the Sustainable Energy Portfolio are in Table 4, below.

Sustainable Energy Portfolio – Valuation
      Value Delta
Item Company Symbol 12/21/12 09/21/17 Delta Delta %
1 Cree CREE 1,000 724 -276 -27.56%
2 First Solar FSLR 1,000 1,573 573 57.29%
3 GT Adv. Tech. GTAT 1,000 7 -993 -99.33%
4 Lighting Science LSCG 1,000 28 -972 -97.19%
5 Next Era Energy NEE 1,000 2,097 1,097 109.69%
6 Sun Power SPWR 1,000 1,357 357 35.73%
7 Solazyme SZYM 1,000 258 -742 -74.22%
8 Vestas VWS 1,000 14,271 13,271 1327.10%
  total   8,000 20,315 12,315 153.94%
Values in thousands.
Table 4

The valuation data for the Fossil Fuel Portfolio are in Table 5, below.

Fossil Fuel Portfolio – Valuations
      Value Delta
Item Company Symbol 12/21/12 09/21/17 Amount Per Cent
1 BP BP 1,000 895 -105 -10.49%
2 Chevron Texaco CVX 1,000 1,062 62 6.16%
3 Conoco Philips COP 1,000 831 -169 -16.91%
4 Exxon Mobil XOM 1,000 916 -84 -8.41%
5 Royal Dutch Shell RDS.A 1,000 852 -148 -14.84%
6 Haliburton HAL 1,000 1,092 92 9.19%
7 Transocean RIG 1,000 199 -801 -80.11%
8 Peabody Coal BTU 1,000 0 -1000 -100.00%
  total   8,000 5,846 -2154 -26.93%
Values in thousands.
Table 5

The market capitalization data for the Sustainable Energy Portfolio are in Table 6.

Sustainable Energy Portfolio
Market Capitalization (Billions)
Item Company 12/21/12 09/21/17 Delta Delta %
1 Cree 3.90 2.41 -1.49 -38.21%
2 First Solar 2.69 5.09 2.4 89.22%
3 GT Adv. Tech. 0.36 0.00 -0.35 -98.88%
4 Lighting Science 0.15 0.00 -0.15 -100.00%
5 Next Era Energy 29.60 68.87 39.27 132.67%
6 Sun Power 0.88 1.03 0.15 17.33%
7 Solazyme 0.52 0.18 -0.34 -64.72%
8 Vestas 1.48 19.48 18 1216.22%
  total 39.58 97.07 57.49 145.26%
Table 6

The market capitalization data for the Fossil Fuel Portfolio are in Table 7.

Fossil Fuel Portfolio – Market Capitalization
Market Capitalization (Billions)
Item Company 12/21/12 09/21/17 Delta Delta %
1 BP 133.8 124.11 -9.69 -7.24%
2 Chevron Texaco 214.7 220.71 6.01 2.80%
3 Conoco Philips 71.2 59.26 -11.94 -16.77%
4 Exxon Mobil 397.7 338.50 -59.2 -14.89%
5 Royal Dutch Shell 216.8 245.19 28.39 13.10%
6 Haliburton 32.2 37.90 5.7 17.70%
7 Transocean 16.4 3.55 -12.85 -78.35%
8 Peabody Coal 6.37 0.00 -6.37 -100.00%
  total 1089.2 1029.22 -59.95 -5.50%
Table 7

The market capitalization data for the Big Oil portion of the Fossil Fuel Portfolio are in Table 8.

Big Oil Portfolio – Market Capitalization
Market Capitalization (Billions)
Item Company 12/21/12 09/21/17 Delta Delta %
1 BP 133.8 124.1 -9.69 -7.24%
2 Chevron Texaco 214.7 220.7 6.01 2.80%
3 Conoco Philips 71.2 59.3 -11.94 -16.77%
4 Exxon Mobil 397.7 338.5 -59.2 -14.89%
5 Royal Dutch Shell 216.8 245.2 28.39 13.10%
  total 1034.2 987.8 -46.43 -4.49%
Table 8

 

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Posts in this series:

  1. L. Furman, 12/21/12, Popular Logistics Sustainable Energy Portfolio
  2. L. Furman, 2/8/13, Nega-Watts, Nega-Fuel-Watts, Mega-Bucks
  3. L. Furman, 2/9/13, Gold Bricks and Sink-Holes – The Risk & Reward of Fossil Fuel, Solar & Wind
  4. L. Furman, 3/2/13, Sustainable Energy Portfolio UP 16% & Fossil Fuel Portfolio Up 1.7% – Since Dec.21, 2012
  5. L. Furman, 3/23/13, Portfolio Simulation At 3 Months: Sustainable Energy: Up 22%. Fossil Fuels: 3%
  6. L. Furman, 4/26/13, Earth Day, 2013. Oil Spills, Explosions, Fracking Business As Usual & The Stock Market Response
  7. L. Furman, 5/13/13, Popular Logistics Energy Portfolios: The Trend Continues.
  8. L. Furman, 6/24/13, Popular Logistics Energy Portfolios: At 6 months
  9. L. Furman, 7/22/13, Popular Logistics Energy Portfolios: Sustainable Energy Doubles. Fossil Fuels increase 5.4%
  10. L. Furman, 8/22/13, Popular Logistics Energy Portfolios: An Exercise in Climate Capitalism
  11. L. Furman, 9/20/13, Energy Portfolios – Investing for the Future
  12. L. Furman, 10/21/13, Sustainable Investing – Green Energy, Green Economy
  13. L. Furman, 11/22/13, Energy Portfolios: Minor Corrections, Overall Results In Line With the Trend
  14. L. Furman, 12/23/13, Energy Portfolios at One Year Sustainable Energy up 140%. Fossil Fuels up 9.85%
  15. L. Furman, 12/26/13, Energy Portfolios and Reference Indices, 2013 Summary.
  16. L. Furman, 1/22/14, Energy Portfolios: 13 Months, Sustainable Energy up 167.4%, Fossil Fuels up 9.44%
  17. L. Furman, 2/24/14, Energy Portfolios: 14 Months: Sustainable Energy up 184.4%, Fossil Fuels up 8.7%
  18. L. Furman, 3/23/14, Energy Portfolios: 15 Months: Sustainable Energy up 222.6, Fossil Fuel up 7.3%
  19. L. Furman, 4/22/14, Energy Portfolios, 16 Months: Sustainable Energy up 204.25%, Fossil Fuel up 15.38%
  20. L. Furman, 5/21/14, Energy Portfolios, 17 Months: Sustainable Energy up 211.6%, Fossil Fuels up 18.5%
  21. L. Furman, 6/24/14, Energy Portfolios, 18 Months: Sustainable Energy up 257%, Fossil Fuels up 24.6%
  22. L. Furman, 6/26/14, Energy Portfolios: 18 Months, Analysis
  23. L. Furman, 7/22/14, Energy Portfolios: 19 Months: Sustainable Energy up 222%, Fossil Fuels up 25%
  24. L. Furman, 8/23/14, Energy Portfolios: 20 Months: Sustainable Energy up 229%, Fossil Fuels up 18.4%
  25. L. Furman, 8/29 /14, Energy Portfolios: 20 Months: Conclusion & Observations
  26. L. Furman, 10/1/14, The Paradigm Is Shifting; Fossil Fuels Are Becoming Fossils
  27. L. Furman, 10/7/14, Cree: Strong Financials, But … 
  28. L. Furman, 10/21/14, Energy Portfolios: 22 Months: Sustainable Energy Up But Dropping.
  29. L. Furman, 11/27/14, Energy Portfolios: 23 Months: Sustainable Energy DOUBLED, Fossil Fuel Down (slightly).
  30. L. Furman, 12/28/14, Energy Portfolios: 24 Months: Sustainable Energy Up 91%, Fossil Fuel DOWN 10%.
  31. L. Furman, 1/27/15, Energy Portfolios: 2 Years, 1 Month, Sustainable Up 85%, Fossil Fuels DOWN 15%
  32. L. Furman, 2/23/15, Energy Portfolios: 2 Years, 2 Months, Sustainable Up 109%, Fossil Fuels DOWN 12%.
  33. L. Furman, 3/21,15, Energy Portfolios, 2 Years 3 Months: Sustainable up 128%, Fossil Fuel DOWN 16%.
  34. L. Furman, 4/21/15, Energy Portfolios, 2 Years 4 Months: Sustainable up 138%, Fossil Fuel DOWN 12%.
  35. L. Furman, 5/21/15, Energy Portfolios, 2 Years 5 Months: Sustainable up 137%, Fossil Fuel DOWN 13.7%.
  36. L. Furman, 6/21/15, Energy Portfolios, 2 Years 6 Months: Sustainable up 128%, Fossil Fuel DOWN 18%.
  37. L. Furman, 7/23/15, Energy Portfolios, 2 Years 7 Months: Sustainable up 121%, Fossil Fuel DOWN 24%.
  38. L. Furman, 8/22/15, Energy Portfolios, 2 Years 8 Months: Sustainable up 102%, Fossil Fuel DOWN 34.3%.
  39. L. Furman, 8/26/15, Energy Portfolios and “The Correction“.
  40. L. Furman, 10/1/15, Energy Portfolios, 2 Years 9 Months: Sustainable up 111.3%, Fossil Fuels DOWN 33.5%.
  41. L. Furman, 10/22/15, Energy Portfolios, 2 Years 10 Months: Sustainable Energy Up 125%, Fossil Fuel DOWN 27%.
  42. L. Furman, 11/23/15, Energy Portfolios, 2 Years 11 Months: Sustainable Energy Up 129%, Fossil Fuel DOWN 29.6%.
  43. L. Furman, 12/22/15, Energy Portfolios, 3 Years: Sustainable Energy up 166.6%, Fossil Fuel DOWN 36.2%
  44. L. Furman, 1/26/16, Energy Portfolios, 3 Years, 1 Month: Sustainable Energy UP 135.6%, Fossil Fuels DOWN 42.8%.
  45. L. Furman, 2/22/16, Energy Portfolios, 3 Years, 2 Months: Sustainable Energy Up 139.5%, Fossil Fuels DOWN 40.7%.
  46. L. Furman, 3/24/16, Energy Portfolios, 3 Years, 3 Months: Sustainable Energy Up 159.7%, Fossil Fuels DOWN 33.2%.
  47. L. Furman, 4/22/16, Energy Portfolios, 3 Years, 4 Months: Sustainable Energy Up 139%, Fossil Fuels DOWN 29.3%.
  48. L. Furman, 5/22/16, Energy Portfolios, 3 Years, 5 Months, Sustainable Energy Up 122%, Fossil Fuels Down 30%.
  49. L. Furman, 8/20/16, Energy Portfolios, 3 Years, 6 Months: Sustainable Energy Up 139%, Fossil Fuels DOWN 29.3%.
  50. L. Furman, 8/20/16, Energy Portfolios, 3 Years, 7 Months: Sustainable Energy Up 125%, Fossil Fuels DOWN 26%.
  51. L. Furman, 8/22/16, Energy Portfolios, 3 Years, 8 Months: Sustainable Energy Up 138%, Fossil Fuels DOWN 27%.
  52. L. Furman, 9/26/16, Energy Portfolios, 3 Years, 9 Months: Sustainable Energy up 133.5%, Fossil Fuels Down 31%.
  53. L. Furman, 10/23/16, Energy Portfolios, 3 Years, 10 Months: Sustainable Energy up 130%, Fossil Fuels Down 26%
  54. L. Furman, 11/25/16, Energy Portfolios, 3 Years, 11 Months: Sustainable Energy up 93%, Fossil Fuels Down 20%
  55. L. Furman, 1/1/17, Energy Portfolios: 4 Years: Sustainable Energy up 130%, Fossil Fuels Down 26%
  56. L. Furman, 1/23/17, Energy Portfolios: 4 Years, 1 Month: Sustainable Energy Effectively Doubled, Fossil Fuels Down 18.3%.
  57. L. Furman, 3/5/17, Energy Portfolios: 4 Years, 2 Months: Sustainable Energy up 117.25%, Fossil Fuel Down 33.99%
  58. L. Furman, 4/23/17, Energy Portfolios: 4 Years, 3 Months: Sustainable Energy up 120.9%, Fossil Fuel Down 25.05%
  59. L. Furman, 4/23/17, Energy Portfolios, 4 Years, 4 Months: Sustainable Energy Up 126.7%, Fossil Fuel DOWN 26.9%
  60. L. Furman, 5/26/17, Energy Portfolios, 4 Years, 5 Months: Sustainable Energy Up 148.4%, Fossil Fuel DOWN 24.9%
  61. L. Furman, 6/25/17, Energy Portfolios, 4 Years, 6 Months: Sustainable Energy Up 148.4%, Fossil Fuel DOWN 24.9%
  62. L. Furman, 7/22/17, Energy Portfolios, 4 Years, 7 Months: Sustainable Energy Up 170.8%, Fossil Fuel DOWN 29.3%
  63. L. Furman, 9/24/17, Energy Portfolios, 4 Years, 8 Months: Sustainable Energy Up 170.8%, Fossil Fuel DOWN 29.3%
  64. L. Furman, 9/25/17, Energy Portfolios, 4 Years, 9 Months: Sustainable Energy Up 153.94%, Fossil Fuel DOWN 26.93%

–

A co-founder of Popular Logistics, I hold an MBA in “Managing for Sustainability” from Marlboro College and a Bachelor’s of Science in Biology from the City University of New York  College of Staten Island. Available as a speaker and consultant, I can be reached at “Popular Logistics . com” as “L Furman.”

 

Energy Portfolios, 4 Years, 8 Months: Sustainable Energy Up 161.6%, Fossil Fuel DOWN 32.1%

On Dec. 21, 2012, I put $16 Million imaginary dollars into 16 real energy companies; $8.0 in the Sustainable Energy space and $8.0 in the fossil fuel space, $1.0 Million into each. 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 56 months later:

  • The Market Capitalization of the sustainable energy companies is up 150.44%, from $39.58 Billion to $99.12 Billion. (See Table 6, below).
  • The Market Capitalization of the Fossil Fuel portfolio is DOWN 12.93%, from $1.099 Trillion to $948.38 Trillion. (See Tables 7, below).
  • And the Market Capitalization of the Big Oil companies, BP, Chevron, Conoco Philips, Exxon and Shell is down 11.84%, from $1.034 Trillion on 12/21/12 to $911.8 Billion on 8/21/17. (See Table 8, below).

Continue reading →

Energy Portfolios, 4 Years, 7 Months: Sustainable Energy Up 170.8%, Fossil Fuel DOWN 29.3%

On Dec. 21, 2012, I put $16 Million imaginary dollars into 16 real energy companies; $1.0 Million into each of eight sustainable energy companies and $1.0 Million into each of eight fossil fuel companies. Excluding the value of dividends and transaction costs, but including the bankruptcy or crash of various companies, as of the close of trading 55 months later,

  • The Market Capitalization of the sustainable energy companies is up 140.6%, from $39.58 Billion to $99.2 Billion. (See Table 6, below).
  • The Market Capitalization of the Fossil Fuel portfolio is DOWN 11.99%, from $1.09 Trillion to $968.6 Billion. (See Tables 7 & 8, below).

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Energy Portfolios, 4 Years, 6 Months: Sustainable Energy Up 146.9%, Fossil Fuel DOWN 29.8%

On Dec. 21, 2012, I began an experiment in “Sustainable Capitalism” or “Sustainable Finance.” I put $16 Million imaginary dollars in equal imaginary investments in 16 energy companies, $8.0 Million in $1.0 Million investments in eight “Sustainable” energy companies, the other $8.0 Million in $1.0 Million chunks in fossil fuel companies. 

As of the close of trading 54 months later,

  • The Market Capitalization of the sustainable energy companies is up 140.6%, from $39.58 Billion to $95.1 Billion. (See Table 6, below).
  • The Market Capitalization of the Fossil Fuel portfolio is DOWN 10.38%, from $1.09 Trillion to $976.13 Billion. (See Tables 7 & 8, below). 

This excludes 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 June 21, 2017:

  •  The Fossil Fuel portfolio went from $8.0 Million to $5.617 Million, down 29.8% overall, down 6.62% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $19.75 Million, up 146.8%, overall and 32.6% on an annualized basis.
  • The Dow Jones Industrial Average is up 63.55% overall and 14.12% on an annualized basis; from 13,091 on 12/21/12 to 21,410 on 6/21/17.
  • The S&P 500 is up 70.35% overall and 15.6% on an annualized basis, from 1,430 on 12/21/12 to close at 2,436 on 6/21/17.

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Energy Portfolios, 4 Years, 5 Months: Sustainable Energy Up 148.4%, Fossil Fuel DOWN 24.9%

At 4 Years, 5 Months:

  • Sustainable Energy UP 148.4%, 33.6% per year.
  • Fossil Fuel DOWN 24.9%, DOWN 5.6% per year.
  • The S&P 500 UP 66.6%, 15.1% per year. 

Portfolios1705

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 of the close of trading on May 19, 2017:

  • The Fossil Fuel portfolio went from $8.0 Million to $6.005 Million, down 24.9% overall, down 5.6% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $19.87 Million, up 148.4%, overall and 33.6% on an annualized basis.
  • The Dow Jones Industrial Average is up 58.93% overall and 13.3% on an annualized basis; from 13.091 on 12/21/12 to 20,805 on 5/19/17.
  • The S&P 500 is up 66.57% overall and 15.1% on an annualized basis, from 1,430 on 12/21/12 to close at 2,382 on 4/19/17.

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Energy Portfolios, 4 Years, 4 Months: Sustainable Energy Up 126.7%, Fossil Fuel DOWN 26.9%

Energy Portfolios, 4 Years, 4 Months:

  • Sustainable Energy Up 126.7% == 29.23% on an Annualized Basis.
  • Fossil Fuel DOWN 26.9% == 6.21% Annualized.
  • S&P 500 Up 64.27% == 14.63% Annualized.

Portfolios1704

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 of the close of trading on April 21, 2017:

  • The Fossil Fuel portfolio went from $8.0 Million to $5.848 Million, down 26.9% overall, down 6.2% on an annualized basis.
  • Peabody Coal has Reorganized*. The market cap went from $6 Billion in Dec. 2012 to zero in April of this year.
  • The Sustainable Energy portfolio went from $8 Million to $18.1 Million, up 126.7%, overall and 29.23% on an annualized basis.
  • The Dow Jones Industrial Average is up 56.96% overall and 13.49% on an annualized basis, went from 13.091 on 12/21/12 to 20,548 on 4/21/17.
  • The S&P 500 is up 64.27% overall and 14.83% on an annualized basis, from 1,430 on 12/21/12 to close at 2,349 on 4/21/17.

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Energy Portfolios, 4 Years, 3 Months: Sustainable Energy Up 120.9%, Fossil Fuel DOWN 25.1%

Portfolios1704_html_4f901e3

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 of the close of trading on March 21, 2017:

  • The Fossil Fuel portfolio went from $8.0 Million to $5.995 Million, down 25.05% overall, down 5.9% on an annualized basis.
  • The Sustainable Energy portfolio went from $8 Million to $17.7 Million, up 120.9%, overall and 28.43% on an annualized basis.
  • The Dow Jones Industrial Average is up 58.45% overall and 13.75% on an annualized basis, went from 13.091 on 12/21/12 to 20,743 on 3/21/17.
  • The S&P 500 is up 65.38% overall and 15.38% on an annualized basis, from 1,430 on 12/21/12 to close at 2,365 on 3/21/17.

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