Energy Update
Oct 14 (Reuters) - Freeport-McMoRan Inc, the world's
biggest publicly listed copper miner, said it would sell its
onshore California oil and gas assets to Sentinel Peak Resources
California LLC for up to $742 million, as part of its strategy
to cut debt.
LONDON, Oct 14 (Reuters) - U.S. natural gas prices have
surged to the highest level for more than 18 months as stocks
continue to build more slowly than normal despite the warm
weather.
Oct 14 (Reuters) - Citigroup Inc, the fourth-biggest
U.S. bank by assets, reported a 10.5 percent fall in quarterly
profit on Friday, hurt by lower revenue from equity trading.
Oct 14 (Reuters) - JPMorgan Chase & Co beat
forecasts for revenues and profits on Friday as global bond and
currency markets roared back to life in the third quarter
following Britain's vote to leave the European Union.
AltEnergyStocks.com endorsed Barack Obama for President in 2008 and 2012. In those two elections, we based our endorsements on a point-by-point analysis each candidates' energy policies, favoring the candidate who expressed the strongest support for policies to transition our economy away from its dependence on fossil fuels.
Philosopher, essayist, poet and novelist George Santayana said: Those who cannot remember the past are condemned to repeat it. The solar industry is expert at repeating its behavior and justifying the often tragic results by referring to them as the solar roller coaster or, the solar coaster.
As solar PV energy growth rates continue to rise, it is essential that we ask ourselves whether or not we are pursuing solar deployment in a prudent manner. In the last decade solar has largely been focused on pace of growth, which was extremely effective in helping to drive down cost.
ONITSHA, Nigeria, Oct 14 (Reuters) - A Romanian engineer who
was kidnapped in Nigeria's oil-producing Niger Delta region
earlier this week has been rescued, police said on Friday.
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