Below you will find pages that utilize the taxonomy term “Energy”
I picked up a few shares of XLE yesterday. I figured it was beaten down enough and should revert back to the mean, hopefully around $60.
Chart wise I see two things happening. First, I see a window was opened when XLE fell off the cliff in March. I should probably do the statistics on it but the general wisdom is that eventually this window would be shut. If that’s to be believed then the price for XLE should rise ~ $43/share in time.
I spent a lot of time in North Dakota and Montana for my old job, and I never would've thought that there was so much oil/gas activity up there. Unless you've been living under a rock, North Dakota is experiencing an oil boom because of a geological feature called the Bakken Formation. With the advances in horizontal drilling and oil extraction (e.g. hydraulic facturing), oil companies have transformed North Dakota into the second largest oil producer in the country.
The NYT had a great article about how Scientists have figured out a way to turn CO2 into gasoline. They would suck CO2 out of the atmosphere, put it through a chemical process, and create gasoline. This sounds like the cure for our greenhouse gas and energy problem, right? Wrong, it takes a lot of energy to do this and in my opinion the payoff doesn't make sense.
There is, however, a major caveat that explains why no one has built a carbon-dioxide-to-gasoline factory: it requires a great deal of energy.
Just as I suspected, Biofuels aren't the panacea that everyone thought they would be. When you factor in the operations of clearing trees from the land and planting all those biofuels, you get an increase greenhouse gas emissions rather than reductions.
The destruction of natural ecosystems â€” whether rain forest in the tropics or grasslands in South America â€” not only releases greenhouse gases into the atmosphere when they are burned and plowed, but also deprives the planet of natural sponges to absorb carbon emissions.
I live in a semi-rural area of NJ with lots of trees, open space, and great neighbors. My wife has gotten into gardening over the past few years and learned that you can "trade" plants instead of buying them at Lowes and Home Depot. She met this old German couple on the other side of town who transformed their 1 acre property into a virtual Garden of Eden and did so by trading plants with neighbors and friends.