I find it pretty comical that in one year the IEA model has projected a 100% increase in its long term price fo oil - mostly attributed to lower economic demand over the same period as was projected in last year’s World Energy Outlook. As someone that used to be required to project things for a living it really makes me wonder about the IEA projection model - is the model that sensitive to changes in economic inputs? Or has the world economic outlook for the U.S., Europe, which are still the largest oil users - and will be for the forseeable future - that much dire than 12 months ago given a 22 year tail?

Lost in the hoopla about renewed calls to drill ANWAR is the fact that there is a shortage of oil rigs, ships and other assorted resources to extract that oil even if it were enough to make a difference in our gas prices….
As President Bush calls for repealing a ban on drilling off most of [...]

Today’s cool charts come courtsey of GE. Now, its from GE so they have a vested interest, but today they released a powerpoint with some interesting datapoints regarding wind project impact on tax revenues and investment. GE claims subsized wind projects have a positive net return for the U.S. treasury over their lifetime. The argument [...]

Yet another reason why the government is currently failing consumers with its Strategic Petroleum Reserve policy, and why investors in green stocks should tread carefully at current prices. This Forbe’s article outlines how Opec’s president has made the argument that speculators are driving the current high prices for oil. And in all fairness he has [...]

Looks like solar power, oil, alternative energy and other green investors should expect continuing volitility in shares as congress (well… Republicans really) failed to renew two bills that would have impacted pretty much everything in the sector. First, they shot down a bill that would have imposed a windfall profit tax on Oil Companies and [...]