Category Archives: Solar Energy

What State Is The Top Energy Consumer? California, NY, Texas

Issue 105 – Texas Windfarm

Introduction…Texas has many firsts.  Texas is the first in oil and gas production as well number as wind farm producer in the United States.

According to U.S. Department of Energy…Texas produces a third of the nations oil and gas and more than a fourth of all wind power generated in the U.S.

Texas is also number one leading in curde oil refining.

The Texas first you may not have expected, Texas is the top energy consumer in the U.S.  The state’s demand for energy grows every year as its population grows.

The energy required to develop, produce, refine, and bring petroleum products to market is also a large part of that energy usage.  However, that statistic was not available.

One more first…Thirty states adopted energy efficient policies as reported by the U.S. Energy Information Administration.  Texas became the first state with an energy efficiency resource standard (ESSA) in 1999.

In conclusion…Texas is not only number 1 in oil, gas, wind energy production, It is also number one enegy consumer in the United States.  On the green side, it was also the first state to adopt the ESSA.

The Surprising Discovery Of One Oil Executive

the-surprising-dicovery-of-one-oil-executive

Reporting Bill Moist, MS, CPA

This Surprising Story is about a man I’ve known for many years.  We have worked on several projects together.  So this is a true story.

As with all those in oil & gas development they have:

  • Big discoveries
  • Small discoveries
  • Some that are not productive

So, he started asking how do we have these benefits of O&G in a more stable reliable environment.  What he wanted included the following:

  • Return of capital in months
  • High cash flow
  • Tax benefits of O&G
  • Steady long-term cash flow
  • Residual value in the property
  • Loyal locked in customers
  • Low maintenance costs
  • Not dependent on new oil and gas exploration
  • If regulators get stupid and limit fracking, it is still ok
  • The best of oil & gas development without the downside

What he found is generally not available to purchase because it is a cash cow for those how already own it.  However, some current economic events are creating the availability (for a time) to purchase existing properties at deep discounts.

Click here to watch video The Surprising Discovery…

Also, regulation makes it difficult and slow to develop new properties which restricts supply.

So, who is this mysterious oil and gas executive who discovered a better more stable way to participate?

What did he discover?

Email or text me your contact information and I’d be happy to share more on a private basis.

This has been Bill Moist, MS, CPA reporting today The Surprising Discovery Of One Oil Executive.

Possible OPEC Production Freeze

OPEC Counries

Oil prices enjoyed a bump last week,…thanks in part to a weakened dollar and some geopolitical tensions in the Persian Gulf. But a large factor in the recent rally has been the return of a possible OPEC production freeze, a subject that was last tossed around before the organization’s much-publicized, and ultimately unproductive, meeting in Doha last April. The likelihood of a freeze sent markets up on Thursday, though some less-than-confident comments from the Saudi oil minister sent them dropping back on Friday.

Whether a freeze occurs or not is likely to be the trending gossip among speculators for the next month, at a time when such talk is exerting greater-than-average pull on the crude price. But a question worth asking is whether a freeze is even possible, given the state of OPEC and the increasingly divergent interests of its fourteen members.

This new attempt at a production freeze comes as Saudi Arabia, OPEC’s largest producer and de facto leader, reaches a new production record of 10.67 million barrels, more than 400,000 more than when the last freeze was discussed, while its oil revenues continue to plummet. OPEC profits have fallen 55 percent since 2014, according to the EIA. Ecuador, Kuwait and other Gulf producers want the price to recover past $50 a barrel. If a production freeze is on the cards, it will be discussed in late September during an informal meeting of the OPEC states at the International Energy Forum in Algeria.

Iraq and Iran, OPEC’s number two and three producers, respectively, have offered tacit acceptance of a production freeze, with important caveats. S

Conclusion…So, if there is a freeze, where will production be “frozen,” exactly?  What is possible, however, is that continued talk of a freeze will continue to exert influence over the market, which has see-sawed between bearish and bullish for weeks now.

Reference: Is An Oil Production Freeze Even Remotely Possible, Oil Price, by Gregory Brew, August 29, 2016

U.S. DOE To Invest $32 Million In Solar Jobs

solarenergy  Indiana Solar Energy System

Introduction…The U.S. Department of Energy (DOE) is trying to move the market to solar, green energy.

Department of Energy’s intentions…DOE is setting aside $32 million to promote new jobs in research in the effort to accelerate the transition to cleaner energy.  Part of the money, $12 million, wil be to train other professionals in related fields such as real estate,  insurance, finance, and fire and safety.

Currently, there are more jobs in installing solar panels than jobs in the coal industry.  But, the abundance of cheap natural gas as a result of Fracking has reduced the demand for coal, not solar energy.

The Government’s solar track record…Our taxpayer $500 million support of the now bankrupt California startup Solundra embarrassed the Obama administration.  We all want clean energy.  But, the problem with solar is that the sun does not shine 24 hours a day and you can’t store electricity.  So, we always need a second energy source, greatly increasing the consumers’ cost of energy.

In conclusion…It seems to me that the DOE has not produced one barrel of oil or one kilowatt of electricty.  Maybe they should stick to regulations.

Bill Moist

BillBioPhoto

Bill Moist is President & Founder of Professional Equities, Inc., a funder of real estate; oil and gas; business projects; and trains others to take advantage of Crowdfunding. Mr. Moist is professional lecturer at , Graduate Business Schools and professional organizations. In addition, he is Texas Real Estate Broker, Certified Public Account (ret), Master of Science real estate tax expert, and Investor/Developer with 70+ successful projects. He can be reached on LinkedIn, billmoist.com, and billmoist.ws

Sources: “U.S. Energy Department To Invest $32 Million In Solar Jobs,” OilPrice by Andy Tully, May 28, 2015