60 Minutes Ponders Pickens Plan on Sunday

25 Oct

2008_60_mins CBS is taking a close look at the Pickens Energy Plan this Sunday; Charlie Rose profiles Pickens on 60 Minutes, Oct. 26, at 7 p.m. ET/PT. Is it politics or truly an attempt to help us better understand how to end our dependence on foreign oil once and for all?  Although I consider 60-minutes a pseudo news program, often too one-sided for my journalistic tastes, a lot of people will be introduced to the rising tide of interest in alternative energy. I wonder how they’ll spin it.

One thing they already have posted on the CBS website, is a short video of Sen. John Kerry looking past his nemesis, Swiftboat ad backer T. Boone Pickens, at this year’s DNC.

To enhance the promotion of this event as well as the overall marketing campaign for the Picken’s Plan, Picken’s marketing arm is launching a new way to reward those that are working the hardest to bring in new recruits to join the Picken’s Army.  Team Pickens announced they will be sending out an email this weekend that explains all the details. And, claiming, “this is going to be good.” Stay tuned.

Sixth Annual Energy Technology Conference

14 Oct

Ardour Capital Investments, LLC and Baker & McKenzie LLP are hosting a energy technology conference on October 16, 2008, at the Baker & McKenzie Conference Center (New York). The following is their press release concerning the event:

Ardour Capital Investments, LLC, a leading research and investment bank focused on Energy Technology / Alternative Energy & Power / Clean & Renewable Technologies in conjunction with global law firm Baker & McKenzie LLP, announce the 6th Annual Energy Technology Conference to be held on Thursday October 16th, 2008. Thirteen companies in the sector will present to some of the largest investors in the space. Keynote addresses will be given Dr. Rohit T. Aggarwala- Director of The Office of Long-term Planning and Sustainability for New York City Mayor Michael Bloomberg and Carol Battershell, Senior Advisor- U.S. Department of Energy, Energy Efficiency and Renewable Energy.

New York, NY (Vocus/PRWEB ) October 13, 2008 — As leaders in their respective fields, Ardour’s Energy Technology Banking Group and Baker & McKenzie’s energy practice, have created a venue where key players in the alternative energy marketplace converge to discuss trends, explore opportunities, and forge relationships. Expect a lively discussion on the current issues facing the energy technology space, including the recently extended ITC/PTC subsidies; continued commercial developments of the presenting companies; and the impact on the sector of the upcoming Presidential election.

Companies scheduled to attend, speak and be available for one-on-one sessions include:

  • American Superconductor Corp. (AMSC)
  • Capstone Turbine Corp. (CPST)
  • Colorep (Private)
  • Comverge, Inc. (COMV)
  • FuelCell Energy, Inc. (FCEL)
  • Metabolix, Inc. (MBLX)
  • Open Energy Corp. (OEGY)
  • Plambeck Neue Energien (PNE3.DE)
  • Quantum Fuel Systems Technologies (QTWW)
  • Satcon Technology Corp. (SATC)
  • Spire Corp. (SPIR)
  • Ultralife Corp. (ULBI)
  • Zenergy Power Plc (ZEN.L)

Admission is by invitation only, so please register soon as space is limited. For more information or to register for the conference please contact Brian Greenstein at (212) 375-2956.

Ardour Capital Investments, LLC is a full service, FINRA registered investment bank and securities research firm focused on energy technology since 2002. Ardour provides a wide range of financial services for both public and private companies, including road shows, private placements and equity offerings.

Baker & McKenzie’s Alternative Energy & Technology Group advises a broad range of alternative energy industry participants, including private developers (public and private companies, utility subsidiaries, and others), electric utilities, municipalities, natural gas companies, construction and equipment suppliers, lenders, equity investors and power marketers in relation to all phases of activity involved in alternative energy related projects. << CONFERENCE DETAILS HERE >>

Oil Obit – Building the Coffin

05 Oct

Will McCain or Obama help us write the obituary for our dependence on foreign oil? Both are proposing they will.

John McCain
“Elimination of our dependence on foreign oil is a fundamental key to us restoring our economy, creating millions of jobs and also ensuring that America is secure and not dependent on oil from people like Hugo Chavez or other parts of the Middle East, which as we know, could be destabilized under certain sets of circumstances,” John McCain said during a campaign stop in Iowa. McCain adamantly supports lifting the ban on drilling on the Outer Continental Shelf and he wants to give the decision making power to the states; each state should decide if they want to allow drilling off their shores according to McCain.

Barack Obama is less clear on the offshore oil drilling issue in my opinion. He says he wants to allow it but  isn’t making a clear commitment for it. He repeatedly claims offshore oil drilling won’t help lower gas prices for years, which is a weak argument – no new energy alternative will quickly lower gas prices either. And, lowering gas prices isn’t the issue; decreasing demand is and the higher price of gas lowers demand. We all know that decreasing gas prices increases demand and the popularity of gas-guzzling SUVs during the past two decades is a clear indication of this fact. Obama also states he wants any offshore drilling to be part of a comprehensive energy plan. Clearly, we all want a comprehensive energy plan that includes alternative energy supplies.

To lower our demand on foreign oil supplies, McCain is proposing a $5,000 tax credit for each citizen that buys a zero emissions car. Obama is setting a goal of one million plug-in hybrid cars to be on the road by 2015. Obama also wants to offer tax credits to automobile manufacturers to retool their plants to produce fuel-efficient cars; he is proposing tax credits of up to $7,000 to consumers who buy them.

With respect to nuclear energy, McCain is clear; he has proposed building 45 nuclear plants by 2030 and ultimately, 100 new plants. Once again, Obama isn’t as clear on this issue either – he says the country should explore nuclear energy as part of the energy mix, but has expressed concerns about the storage of nuclear waste. We are, and have been for decades, concerned about the storage of nuclear waste. What’s Obama’s proposed solution for nuclear waste storage? Or McCains?