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The Hottest Solar Stock On The Block

October 27, 2017 Martin Tillier 0

I have, on many occasions here, recommended First Solar (FSLR) as a buy, and yesterday’s earnings release confirmed that view once again. For the second quarter in a row they didn’t just beat street expectations, they shattered them, reporting EPS of $1.95 versus a consensus forecast of $0.84 fueled by sixty percent year-on-year revenue growth. If you took my advice and are long the stock, that is obviously good news, but what should really get you excited is the story behind those blowout results. The base case for owning solar power…

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Iraq Takes Saudi’s Spot As #2 Oil Exporter To U.S.

October 27, 2017 Irina Slav 0

Iraq last month become the second-largest crude oil exporter to the United States, overtaking its southern neighbor, Saudi Arabia, and is on track to repeat this performance this month as well, customs data compiled by Bloomberg and figures from the Energy Information Administration (EIA) suggest. Iraq, Bloomberg’s data showed, shipped 18.8 million barrels to the U.S. in September, while Saudi exports to this destination came in 2.9 million bpd lower. Since the start of October, Saudi oil exports to the U.S. have been 3.2 million barrels…

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Why Millennials Can’t Bank On Clean Energy Jobs

October 27, 2017 Julianne Geiger 0

According to the Bureau of Labor Statistics, the job expected to see the most growth in terms of hiring over the next nine years is an energy-related job: solar photovoltaic installer—but Millennials beware—the term “top growing” is a bit misleading. The number of solar photovoltaic installers is expected to double by 2026, which sounds super promising on its own. Millennials, after all, are always looking for those meaningful jobs instead of those dirty oil-industry jobs, but millennials beware—there were just 11,300…

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Brazil’s Pre-Salt Auction To Proceed Despite Injunction

October 27, 2017 Tsvetana Paraskova 0

The government of Brazil is confident that the auction for its promising pre-salt oil layer will proceed as planned today, after it had appealed an injunction ordering the suspension of the auction issued late on Thursday, Brazilian Mining and Energy minister Fernando Coelho Filho told Reuters. On Thursday, the leftist Workers Party sought an injunction, and a federal judge in the Amazonas state issued an injunction ordering the suspension of the today’s auction. The Workers Party is against foreign firms operating oil blocks and against…

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Saudi Rhetoric Sends Oil Prices To Two-Year High

October 27, 2017 Irina Slav 0

Comments made by Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS), sent Brent crude to its highest in more than two years, to US$59.30 a barrel, Reuters reports. West Texas Intermediate was more impervious to the comments, but it also gained a few cents, to close at US$52.64 a barrel—the highest in six months. The comments themselves are of the Saudi garden variety, and include a) a stale reassurance that the Aramco initial public offering is still on track for its scheduled takeoff in the second half of 2018; b) a vague pledge…

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U.S. To Move In On Africa’s LNG Market

October 27, 2017 Irina Slav 0

Africa could become the next market for growing U.S. exports of liquefied natural gas, Energy Secretary Rick Perry told media at the Africa Oil Week in Cape Town. The official discussed LNG exports with a number of African government officials, including ones from Nigeria, the Ivory Coast, and South Africa. “We talked about a lot of opportunities — LNG, coal, but it all goes to the issue of power and power being able to be delivered into places that don’t take electricity for granted,” Perry said. As many as six hundred million…

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