Monday, October 04, 2010

Lots Of Energy Out There

Here's a quick stream-of-consciousness capture of recent energy developments.

Romania is launching a wind park that will become the largest of its kind in the world.  China is also a big market for wind energy and U.S. firms can deliver the infrastructure they need.  They're all prepping for some form of Peak Oil.  The good news is that Peak Oil may be delayed if supermajors like Shell keep increasing production in North America.  Note to Americans:  Get over your NIMBY attitudes towards energy exploration in any form. 

The Gas Exporting Countries Forum is a pale imitation of OPEC.  The funny thing is that the world is swimming in gas right now thanks to giant new discoveries.  Even the U.S. has plenty of natural gas in shale deposits.  Cartels are supposed to limit production; good luck doing that with a glut of supply. 

Full disclosure:  No position in any companies mentioned.