The Blogtimely commentary and analysis on the state of energy

Sep

29

Losses Announced In The Permian

Japan’s Sumitomo Corporation, one of the largest trading houses in Asia, announced a considerable impairment charge of its US tight oil assets in the Permian Basin. It was the largest loss for the company since 1998 and wiped out ~96% of its profit for the year. Although there were two other impairments, they paled in […]

Comments Off

Sep

24

Strictly Business: Why $50 Billion Divestment of Oil Stocks Makes Sense

Various philanthropies and high wealth individuals controlling ~ $50 billion in assets announced that they intend to divest their portfolios of all fossil fuel stocks over the next five years. The most interesting comment to come out of this announcement came from Stephen Heintz, an heir of John D. Rockefeller who, of course, made his […]

Comments Off

Sep

19

Power To the People? Not If Utilities Have a Say

By Deborah Lawrence (formerly Deborah Rogers) Solar capacity is growing. Rapidly. EIA, the Energy Information Administration, recently released figures on the growth of solar vs. natural gas power plant capacity additions for the first half of 2014. While natural gas appeared the winner at first glance, outperforming solar installations, it turns out that it was […]

Comments Off
Blog Archive →