Several refineries are being sold in Europe — see table below based on Reuters data — because of moderating demand for fuels, the resulting overcapacity, growing share of biofuels, and anticipated expense associated with reducing carbon emissions. It is interesting that most bidders are the emerging economies such as India, China, and Russia, where rapid economic […]
Solar energy’s growth pangs
First Solar, the Arizona-based world’s largest maker of solar cells, breaks into the difficult Chinese market with a $5-6-billion deal to build a two gigawatt plant and a stock analyst downgrades the company’s stock from “hold” to “sell” and halves the target price. Why? In the analyst’s words: Even the best thin-film manufacturer in the […]
BP’s Tiber underscores difficulty of finding oil
Last week, BP announced a major oil discovery — Tiber — in the Gulf of Mexico. This discovery strengthens BP’s leadership in the Gulf of Mexico where it already produces more than 400,000 barrels per day and operates two of the largest fields, Atlantis and Thunderhorse. BP has exceeded its reserve replacement ratio by 100% […]
Natural gas in India
Dr. Vijay Kelkar, Chairman of India’s 13th Finance Commission, is an eminent economist and public policy intellectual widely recognized within India as an unrelenting champion of privatization, liberalization, and market-based economic and financial policies. Over his long and distinguished career in public service, Dr. Kelkar has made numerous contributions to public policy with his revolutionary […]
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