We want to Invest in the Pickens Plan

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Comment by TheEarthisNotFlat on March 24, 2009 at 10:23am

I will be hosting an online radio show Tuesday March 24th at 5:30 pm eastern time. I understand the time might not be the most convenient but I encourage all to join, listen, and call in with your questions, comments, and whatever else you want to get off your chest.

My guest will be the Grassroots Special Projects Coordinator for the Fair Tax website/organization.

The show call in number will be (347) 324-3826 and the link to the site is http://www.blogtalkradio.com/TakeBackAmerica. I hope you can make it.

You can also set reminders for it on the BTR site as well as check the events page on this site.

In addition-

New Zazzle Shop - www.zazzle.com/takingbackAmerica

New website launced - www.takebackAmerica.webs.com

New podcast also now live

Comment by Arno Lundin on March 24, 2009 at 12:59am

Just thought I'd update. Thank you for support Ideas and feedback. We are private individuals that have supported PureLignin.com discovery,patent,license agreement, and building of a 2nd gen plant. Pure Lignin is no longer selling shares and has moved into the phase of selling license agreements of it's technology. USA license sales are expected to be in the billions with royalty revenues in the billions per year. Many other global conglomerates are jostling for agreements. The greatest news is that the biggest players have seen their way with a true alternative to oil. The repercussions of this implementation of technology will be lower energy,less pollution, and independence from foreign oil.
The technology will change the bottom line for many industries and lessen their foot print. I am not an employee of Pure Lignin just a shareholder. thank you once again for being there.

Comment by Al Davis, MD on March 22, 2009 at 11:04pm

Hi Bonnie,

I own some First Solar (FRST, I think!), and it did very well from Nov to January, slid off slowly through February, and tanked at the first of March. It's an expensive stock (lately around $120/shr) which makes it very surprising to see how big its upward moves tend to be. It has much more up side volatility than down side. As I mentioned, it slid with the rest of the market, but on days when the market gained 2 or 3%, it gained 8 or 10, which tells me there is money waiting for it to move. I sold 2/3rds of my holdings in late Jan, but still hold the rest and will buy more as I sell other stuff.

Iberdrola Renovables is a Spanish energy company I mentioned here a couple of months ago. I'm up almost 20% since I bought it, I think around mid-December, and it has held pretty steady while the US market retreated in late Feb/early March.. I got it on the Madrid exchange; last week I think the US ADR had 3 days of no trading - it's very thin.

I also (gulp) own some Exxon, and another oil company called Dragon oil. I got Dragon months ago (early Summer) and am down pretty far with it, but when oil recovers over $60 they'll do well - they're a low cost producer, and are sitting on proven reserves of oil and natgas in Turkmeistan that have a value at current prices that exceeds their market cap. I think their biggest risk is political, but it could also be their major strength. They seem pretty adept at playing the cards, so far. XOM is a long term buy and hold (I guess Dragon is too, at this point!); I bought a pretty big chunk in January and am willing to wait patiently for it.

Comment by Al Davis, MD on March 21, 2009 at 9:01am

OK Bonnie - glad to see you back. Are you invested in energy now? Oil, wind, anything else? How're you doing?

Comment by Bonnie S on March 21, 2009 at 5:38am

It appears as if reasonable people are now the few left in this group. I'm referring to Chris and Al. Thank God. Now, if there's room for reasonable discussion, I'll contibute. But please don't ask me to invest in some bullshit that doesn't even complly with the laws (of thermo).

Comment by Chris Havrilesko on March 20, 2009 at 8:14pm

Hello all,
As a small bussiness owner who reduces lighting costs for small businesses in the Pittsburgh Pa area on a nonprofit basis we hope this message gets to more places to help reduce fossil fuel emissions everywhere. contact us anytime chris

Comment by Al Davis, MD on March 19, 2009 at 11:23pm

Paul,

To answer your question about why anyone cares about the Dow...

The DJIA is, in itself, a pretty useless number. The value lies in the fact that the number gives a pretty reasonable idea of what the general market is doing on any given day - how it reacts to news, how it reacts to prognostications, etc, and also the fact that it gives you the ability to spot general trends in the market. Whether the Dow is up or down doesn't tell you anything specific about how company XYZ is doing today, but it does let you see, over time, whether XYZ is doing better than the overall market, worse, is in step with the market, or out of step, and how XYZ reacts to particular news/prognostications compared to the market as a whole. If you're an investor trying to do your homework, this kind of information can be invaluable, because you will rarely, if ever, stumble into that magic stock that goes up 10,000% 2 weeks after you bought it. But if you can make a reasonable prediction that XYZ, or ABC, or JKL company will beat the Dow by a half percent on the good days, and lose less than the Dow on the bad days, then you will find yourself becoming relatively wealthier over time.

The Dow component companies are selected based on relatively few criteria. They have to be big, they have to, in aggregate, do a good job of reflecting the market as a whole, and again in aggregate, they have to represent the more or less complete cross section of the products and services that American industry offers.

The DJIA number is worthless. The DJIA concept is awesome.

Al

Comment by Al Davis, MD on March 19, 2009 at 11:06pm

Paul left a question for oil investors on March 8 asking (I think) how long we think the price of oil will remain down.

Ultimately, I dunno. But futures for oil show a steady increase into July, with July futures currently trading for around $52/bbl. OPEC was hoping their December production cut would stimulate the price back up to $75, but I think they proved they're much better roughnecks than economists. If the world economy does indeed begin to recover in the 2nd half of this year, which a weak consensus of "experts" say will be the case, then we could possibly see $75 by this time next year. All this, of course, is wild-assed speculation, your mileage may very, etc.

Al

Comment by Al Davis, MD on March 19, 2009 at 10:57pm

I hope this can help you get over all the "mass hysteria" of the prior post... I found it in the OilVoice's alternative energy section.

Al

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Global Wind Energy Markets Will Continue to Boom

Sunday, March 15, 2009

The 2009 industry forecast predicts that the word's wind energy capacity will nearly triple in the next five years, following a decade of spectacular growth. This development will be led by tremendous growth in China, and steady expansion in Europe and North America.

The Global Wind Energy Council (GWEC) predicts that in 2013, five years from now, global wind generating capacity will stand at 332 GW, up from 120 GW at the end of 2008. During 2013, 56.3 GW of wind generating capacity will be added, more than double the annual market in 2008. The year-on-year growth rates during this period will average 22%, which is modest compared to an average increase of 28% over the last ten years.

GWEC will present its annual "Global Wind 2008 Report" at the European Wind Energy Conference in Marseille on 17 March 2009. The report includes a five year forecast for the development of the global wind energy market. In the past, these projections have regularly been outstripped by the actual performance of the sector and have had to be adjusted upwards. Despite the economic downturn, this year is no exception.

"Strong policy support for wind power will continue to drive growth in our three main markets: China, Europe and the US. Governments are turning the current crisis into an opportunity, putting wind power at the center of their economic stimulus and recovery programmes," said Steve Sawyer, Secretary General of the Global Wind Energy Council (GWEC). "This will create many thousands of jobs, improve energy security and help address the climate crisis."

For the past several years, two markets have continuously outperformed GWEC's most optimistic expectations - the US and China. For the next year or two, developments in the US are expected to be hampered by a lack of financing and the overall economic downturn, before the stimulus package will start having a major impact on the market. At the same time, growth in China is set to continue at a breathtaking rate, driving a substantial increase in global wind energy installations in the coming years.

"Of course the financial crisis is affecting the wind energy industry, just like any other sector. At the same time the outlook for wind energy is very healthy," said Arthouros Zervos, GWEC's Chairman. "All of the fundamental drivers that have made wind power the technology of choice for those seeking to build a secure, clean energy future are still in place. Wind power is clean, indigenous, fast to deploy, creates many jobs, uses virtually no water and is economically competitive. Neither the threat of climate change nor the macroeconomic insecurity due to reliance on imported fossil fuel is going to go away because of the recession."

The continued expansion of global wind generation capacity is driven by three markets: China, Europe and the US.

China has been doubling its installed capacity every year for the past four years, and growth is expected to continue at a tremendous rate. This development is underpinned by a very aggressive government policy supporting the diversification of the electricity supply, the growth of the domestic industry, and making significant investments in transmission infrastructure. China is set to become the world's largest market for new installations in 2009. In Asia overall, the total wind generating capacity is expected to reach 117 GW by 2013, up from just 24 GW in 2008.

Wind energy development in the US will see a small drop in 2009 as a result of tightening project finance. However, with the package of measures recently agreed by the US Congress, and the prospect of national emissions reduction legislation, the market will quickly recover. Over the next five years, a total of 55 GW of wind power capacity will be added in North America bringing the total to more than 82 GW.

Europe will continue to have the largest installed capacity up to 2013 - 118 GW - driven by binding European legislation requiring 20% of total final energy consumption to come from renewable sources by 2020. By 2013 the annual market will reach 12.5 GW.

"The 332 GW of global wind capacity we forecast for 2013 will produce 730 TWh of clean electricity and save 438 million tons of CO2 every year," said GWEC Secretary General Steve Sawyer. "This is the equivalent to displacing about 90 large coal fired power stations, showing yet again the key role that wind energy can and must play in fighting climate change. Overall, wind power is well on track to saving a total of 10 billion tons of CO2 by 2020."

Comment by TheEarthisNotFlat on March 18, 2009 at 6:58am

Mass Hysteria: How Global Droning Became an Global Lie

New CafePress Shop - www.cafepress.com/takebackAmerica
New website launced - www.takebackAmerica.webs.com

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