A 10-Minute Guide to Obama’s New Energy Policy

Jim Lane   Stopwatch photo via BigStock A major push from Obama on energy. From DOE: “Liquid fuels demand can be sufficiently reduced so that biomass can meet all liquid fuel needs.” What’s up? What is an Energy Security Trust, anyway? The Digest’s 10-Minute Guide tells all. In an address at the Argonne National Laboratories on Friday, President Obama said: “You see, after years of talking about it, we’re finally poised to take control of our energy future.  We produce more oil than we have in 15 years. ...

Warren Buffett: Closet Tree-Hugging Billionaire

By Jeff Siegel Is Warren Buffett sending mixed messages on green energy? That's what the folks over at Bloomberg Business have suggested. But nothing could be further from the truth. After all, Buffett's making a fortune in the alternative energy space. Yet here's what was reported in Bloomberg this week: Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power. Berkshire’s NV Energy, the state’s dominant utility, opposes the proposal to increase a cap on...
Elizabeth Warren

AltEnergyStocks Endorses Elizabeth Warren For President

by Tom Konrad, Ph.D., CFA, Editor Past Endorsements AltEnergyStocks.com has endorsed a candidate in all the US Presidential races since 2008 (Obama, followed by Obama in 2012, Clinton in 2016, and a generic endorsement of congressional Democrats in 2018. Despite the long string of Democratic endorsements, AltEnergyStocks this site does not automatically endorse Democratic or liberal candidates.  We are issue driven, and all our endorsements to date have been purely based on the policy positions of the candidates. It is simply a sad fact about the Republican party that they have not fielded a conservative who actually cares about conservation of the environment...

Alt Energy & Obama’s Inaugural Address

Most people have probably seen and/or listened to Barack Obama's inaugural speech by now. In the second presidential debate, Obama ranked energy as his top priority (the choices offered by the moderator were: healthcare, entitlement reform and energy). As I pointed out earlier this week, the President picked an inner energy and environment circle that is heavily tilted in one direction: combating climate change and promoting alternative energy. We were thus very interested to see if Obama would place a strong focus on energy issues in his inaugural speech given the precarious economic environment. After all, that...

Our Energy Bubble

Tom Konrad CFA Our energy policy looks like a bubble.   Bubbles are a social phenomenon at least as much as they are a financial phenomenon.  At the top of bubbles, participants ignore glaringly obvious risks.  In October 2007, Meredith Whitney pointed out the almost glaringly obvious fact that Citigroup was paying out more in dividends than it was earning in profits (i.e. it was being run like the US government, but without a friendly Federal Reserve to bail it out by printing money.)  She said that Citigroup would need either to raise capital,...
ethanol ups and downs

Fortunately, Unfortunately: The Spring Saga of American Ethanol

by Jim Lane The ethanol signals from Washington DC are more inexplicably mixed than cocktails with names like Sex on the Beach. Let’s parse through the wigwagging over the future of American biofuels supply and demand — ethanol and otherwise. Fortunately: Trump backs year-round E15 ethanol blends In Washington, President Trump endorsed year-round E15 ethanol availability as an emerging compromise between oil refiners and US farm sector. The Renewable Fuel Standard is a federal program that requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels. The RFS originated in a bi-partisan Congress with the Energy Policy Act...

Occupy Wall Street and the Next Economy: Clamoring for Solutions

Garvin Jabusch The Occupy Wall Street movement (OWS), now in its fourth week, is getting a lot of media attention. Opinions are divided. By and large, conservatives represent the protesters as 'a mob' (a notable exception is former governor of Louisiana and current GOP presidential candidate Buddy Roemer, who said on MSNBC that "politicians need to listen to these young people, it could change America"). Meanwhile, progressives view them as a justifiable, if not inevitable, reaction to the social inequity that results from a system rigged in favor of the ultra-wealthy. In their foundation document, the ...

The Farm Bill: 5-Minute Guide to the Energy Title

  Jim Lane Only 5 min BigStock Photo What’s in that Durn-tootin’ US Farm Bill, anyhow? For the harried taxpayer, some relief. For energy security and rural economic development, targeted investments that now head to the legislative floor. Here are the need-to-knows. In Washington, the House and Senate Agricultural committees have now passed their respective versions of the proposed 2013 farm bill, which would take effect for fiscal 2014 through fiscal 2018. Both bills have energy titles meaning that, should they find passage, as expected this summer,...

Obama Cleantech Stimulus: Bad Policy, Bad Politics and Bad for Cleantech

David Gold The Solyndra debacle is no surprise to this cleantech venture capitalist. The inherent conflict between trying to get money out of the U.S. Treasury as quickly as possible to stimulate the economy and, at the same time, have government agencies that are ill-suited at making business decisions do just that was nothing other than a recipe for disaster. Anytime a government program is giving money to the private sector with the intent of getting the money back, the program is doomed to failure.  Bureaucracies, politics and the lack of a profit motive simply...

US Should Approve A123’s Sale

Doug Young A123 Systems battery cell products (Source: A123) In writing this blog, I generally try to keep my own views muted and focus instead on the latest news and what it means for the companies involved. But I'm making one of my occasional exceptions to that rule today to say that the US really should go ahead and approve the sale of bankrupt battery maker A123 Systems (OTC:AONEQ) to a Chinese company, since this deal seems to have few if any national security implications and blocking...
garvin jabusch

Creating a Climate Resilient America: A Green Investment Adviser Testifies To Congress

The prepared remarks of Garvin Jabusch, Chief Investment Officer of Green Alpha Advisors before the House Select Committee on the Climate Crisis in Washington, DC, July 25th, 2019. Chairwoman Castor, Ranking Member Graves, committee members, thank you for the opportunity to testify and contribute to this important conversation. Climate disruption and resource degradation present significant threats to and opportunities for American business. Every sector and industry are affected, and my industry of asset management, in its role deploying capital across the economy, is directly exposed to it all, risks and opportunities inclusive. First, risks. The purpose of investing is to preserve and...

Windpower: Focusing the Criticism Away from NIMBYism and Aesthetics

Michael Giberson Market-oriented policy analysts have not been shy about cataloguing the problems surrounding windpower development. But in the enthusiasm to oppose the government interventions accompanying wind generation, market-based analysts sometimes have strayed beyond principled defense of markets and unwittingly offered support to anti-market NIMBYism and other meddlesome sentiments. Policy analysts examining wind power issues should consider more carefully which issues ought to be pursued through the policy process. Two Images Wind power has two images. In one view, wind power is glamorous, hi-tech, future oriented and almost sexy. Advertisements for products from automobiles to...

Trump Administration Flip-Flops On Oil Refinery Waivers Again, Farm Groups Protest Again

by Jim Lane In Washington, what must have become a weary if vigilant posse of the nation’s biofuel and farm advocates are out on the hustings again this week, over a fresh attack on the US Renewable Fuel Standard, this one led by officials in the Trump Administration, if a story reported by Bloomberg stands up against scrutiny. What has been described as a “misinformation campaign spearheaded by Senator Ted Cruz” is seeking to overturn a unanimous court decision that would halt the Environmental Protection Agency’s abuse of Small Refinery Exemptions (SREs) under the Renewable Fuel Standard.   The backstory In a unanimous panel, the...

Foundations don’t practice what they preach

by Stephen Viederman   Philanthropic foundations are like old-fashioned slot machines. They have one arm and are known for their occasional payout. Although the term “mission-related investing” found its way into the lexicon of philanthropy decades ago, the finance committees of most foundations continue to manage their endowments like investment bankers. Their portfolios give no hint that they are institutions whose purpose is the public benefit. There is a chasm between mission – grantmaking – and investment. The logic of a synergy between the two has yet to take hold. For example, number of reports circulated in the US...
Vote

The Environment Is On The Ballot. Vote November 6th

AltEnergyStocks.com first endorsed a presidential candidate in 2008.  We endorsed Barack Obama based on his more pro-environmental, pro-alternative energy stance compared to his opponent, John McCain.  Choosing between John McCain and Barack Obama took some research, since both candidates struck a somewhat pro-environment tone.  Our choice rested on the fact that Obama seemed to have a deeper commitment to environmental causes.  Our 2012 endorsement of Obama over Romney was also based on a comparison of their proposed policies. Fast-forward to 2016, and the decision between the candidates was no longer one that required much analysis.  The choice could not have...

What Trump’s Victory Means For The Bioeconomy

Jim Lane In Washington, Donald Trump captured the US Presidency in an upset victory that confounded pollsters and political pundits even as it delighted supporters of his maverick candidacy based on themes of immigration and trade reform coupled with a message that government policies of the past generation had failed for too many Americans. An unexpected series of wins across US Midwestern states – capturing Iowa, Pennsylvania, Wisconsin and Ohio which had gone for Obama in 2012 – provided a comfortable margin of victory in the Electoral College and the popular vote. 5 Themes Some immediate themes emerge...