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Wednesday, March 23, 2016

EYE on the World - The Warm, the Good, the Bulls, and the Ugly

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The Warm, the Good, the Bulls and the Ugly   



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Global Warming: The Future is Happening NOW!  



  

Global warming taking place at an 'alarming rate', UN climate body warns

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“The startlingly high temperatures so far in 2016 have sent shockwaves around the climate science community,” said David Carlson, director of the World Climate Research Programme. 

The Guardian 

http://drkinesa.blogspot.ca/2016/03/global-warming-future-is-happening-now.htmlarns

Good NEWS: U.S. BIG Solar Sets Stage for HUGE Boom  


Big Solar is About to Get Unstoppable 


Big solar used to be almost entirely driven by policy, mainly state renewable energy standards and federal tax credits. It has all but outgrown the first and will outgrow the latter over the next five years.
It's about to stand on its own two feet, outcompeting even rivals that are allowed to dump carbon emissions into the atmosphere for free. It won't be long before the discussion about environmental benefits is moot — utilities will demand solar because it's the cheapest power available.
VOX Energy & Environment 

Bulls Return to Energy Markets



It was one of the darkest periods of the oil market slump. The global economy was showing fresh signs of slowing, and crude prices were collapsing so steeply that virtually every well in America was unprofitable.
But when Diamondback Energy went out to raise $226 million worth of new stock that week in the middle of January, the oil and gas company found more buyers than it could accommodate. It had to nearly double the amount of shares it sold, to four million.
Since Diamondback issued equity that day, the company’s share price has increased more than 29 percent.
The New York Times





U.S. Existing Home Sales Plunge 7.1% 

Headwinds Remain  

Sales of existing homes had stayed strong in spite of multiple headwinds, but February’s decline might signal more weakness ahead.

Home resales plummet as high prices and tight inventory dog the market, bringing out more investors and fewer first-timers.


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Saudi Aramco, Shell Marriage - Parting is Such Sweet Sorrow



Cash-Strapped Saudi Reshaping Itself


“This partnership made sense when it was formed but things have changed and the market conditions have changed, so it makes sense for this partnership to be dissolved,” Auers said. 

 " It makes fundamental sense

Bloomberg




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