Salient to Investors: IEA said 15 European refineries have closed in the past 5 years and a 16th is due to close in 2014 as the US went from depending on fuel from Europe to being a major exporter to the region. Nigeria, which once sent 12 supertankers worth of
READ MORE... →Salient to Investors: Bloomberg New Energy Finance says peak fossil fuels demand could happen in 2030 – the point when humans stop increasing their annual burn, either because the environmental danger makes it too costly or because buildings and cars run more efficiently. Oil and coal companies worth more than
READ MORE... →Salient to Investors: Robert Bryce at the Manhattan Institute writes: Any transition away from our existing energy systems will be protracted and costly. Energy transitions occur over decades, even centuries. Coal use in the US is declining, but it is soaring in the developing world and booming in Europe. Global carbon
READ MORE... →Salient to Investors: Warren Buffett said coal use in the US will continue to fall gradually as electric utilities switch to cleaner alternatives over many years, and when natural gas prices get low enough. Buffett said coal plants produce 38 percent of all US electricity. Coal accounted for 49 percent in 2007.
READ MORE... →Salient to Investors: Jim Rogers said: Agriculture will enjoy an extended boom,Very bullish about farmland and other agricultural products. Bearish on Wall Street brokers and Ivy League professors. The central corridor from north Texas up to the Dakotas has the highest growth rates in employment, income growth and savings in
READ MORE... →Salient to Investors: Dennis Gartman writes: Bearish on natural gas because its supply is huge and rising as we find more every single day through fracking. Will be very difficult for natural gas to rise above $4 – if it does, it will will quickly be hedged away. Read the full
READ MORE... →Salient to Investors: Jim Rogers writes: The oil and gas boom is not quite the boom that the press seems to think it is. Natural gas wells decline very quickly and reserves may not be what we thought. Oil wells decline at the rate of 38 to 69 percent in
READ MORE... →Salient to Investors: Jim Rogers writes: When there’s massive new supply coming on stream, then we’ll have the end of the commodities bull market. The world has consumed more agriculture products than it has produced for a decade now. We are running out of farmers – average age in America
READ MORE... →Salient to Investors: The UK said fields of shale gas in northern England are twice as large as previously estimated. A recovery rate of 10 percent, similar to fields in the US, would give the U.K. enough gas to meet demand for about 47 years. Lawrence Carter at Greenpeace said
READ MORE... →Salient to Investors: Jim Rogers says: Natural gas fundamentals are not nearly as good as the hype. The number of rigs on the ground is down 75% over the last two years as the wells are very short-lived, and it takes an enormous amount of money to keep them up.
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