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Thanks for the invitation.
First off and as I have often posted on the RB board, I am not a holder of USWF shares. Once I see a true executeable contract or at least rumors thereof, I may jump in.
In the mean time, I'll try to help out if you guys have any question in term of trading, SEC regulations, MMs..whatever. Just don't expect on the spot immidiate answers.. I do have a life as well.
TT
Tuesday, Jan. 4, 2005
http://www.livepowernews.com/stories05/0104/005.htm
GE Energy To Supply 33 Wind Turbines For Las Lomillas Project In Spain
By Jack Bryar
GE Energy will supply 33 of its 1.5-megawatt wind turbines for Las Lomillas wind project in Tébar, Spain.
Located in the Castilla-La Mancha region of central Spain, approximately 80 kilometers southwest of Cuenca, the project is owned and being developed by Tébar Eólica, which is a joint partnership equally owned by GENESA (Hidrocantábrico) and Tébar Agrícola. Turnkey services are being provided by Sinae Energía y Medioambiente S.A., a company majority-owned by Hidrocantábrico.
Under the terms of its agreement with Sinae Energía y Medioambiente S.A., GE Energy will install and commission the project’s wind turbines. Under an agreement with Tébar Eólica, GE Energy also will provide operation and maintenance services for five years. Once completed in April 2005, the plant is expected to produce approximately 120 gigawatt hours of electricity annually.
“We are pleased to be working for the first time with Hidrocantábrico, Spain’s fourth largest utility, and supporting their wind energy needs for Las Lomillas project,” said Antonio Casla, general manager for GE Energy’s wind operations in the Iberian Peninsula. “With local manufacturing and support services located in Noblejas, and the global support of GE’s worldwide resources, including GE’s new Customer Support Center and Global Research Center in Germany, our goal is to bring our Spanish customers the highest level of value and support.”
Las Lomillas wind farm supports Spain’s goal to install 13,000 megawatts of wind energy capacity throughout the nation by 2010. The output will be sold by Tébar Eólica in the liberalized market.
GE’s 1.5-megawatt wind turbines are among the world’s most widely sold wind turbines in the multi-megawatt class, with more than 2,500 installations globally.
Spain is the world’s second largest producer of wind power, with a total of 6,420 megawatts of installed wind capacity at the end of 2003. Germany leads the global wind industry with 14,612 installed megawatts, and the United States follows Spain with 6,361 megawatts, according to the European Wind Energy Association’s Wind Force 12 report issued in May of 2004.
Hidrocantábrico was established in 1919 as an electricity output, transportation, conversion and distribution company. Nowadays, Hidrocantábrico is a diversified company being present in other areas of the energy producing scene such as gas and the field of renewable energies, as well as in other strategic businesses such as telecommunications.
GE Energy (www.gepower.com) is one of the world’s leading suppliers of power generation and energy delivery technology, with 2003 revenues of nearly $18.5 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, transmission and distribution, distributed power and energy rental industries.
With wind turbine design, manufacturing and/or assembly facilities in Germany, Spain and the United States, GE Energy’s current wind energy portfolio includes wind turbines with rated outputs ranging from 1,500 to 3,600 kilowatts, and support services ranging from project development assistance to operation and maintenance. The company has developed and/or installed more than 6,700 wind turbines with a total capacity exceeding 5,000 megawatts.
secureresources
This is from:
http://www.livepowernews.com/stories04/1130/002.htm
Pennsylvania to Generate 3,600 Megawatts of Wind Power by 2016 Due to New Standard, According to Platts
By Stephen Heiser LPN Editor
The Pennsylvania legislature passed SB1030, the Alternative Energy Bill, on November 20, 2004 which will require a total of 18% of Pennsylvania's electricity to be generated by alternative energy sources by 2020.
The standard requires 8% of Pennsylvania's electricity to be generated by so-called "Tier I" renewable sources of energy by 2020. Tier I resources include solar, wind, geothermal and biomass.
The standard also requires 10% of the state's electricity to come from a second category of resources that include waste coal, integrated combined coal gasification technology, municipal solid waste, large-scale hydro, demand-side management and distributed generation systems.
According to research by Platts' Analytics group, Pennsylvania will develop 3,600 megawatts (MW) of new wind energy capacity to meet the Tier I requirements of the new standard. The new wind capacity will join 129 MW of wind capacity already generating in Pennsylvania.
SB1030 requires over 250 MW of new solar capacity by 2016, and Platts anticipates that Pennsylvania will also develop smaller amounts of new landfill gas generation, animal waste- based generation, and low-impact hydro generation to meet the Tier I requirements of the standard.
"With the passage of SB1030, Pennsylvania is poised to become a major developer and exporter of renewable power," said Jack Ihle, energy analyst at Platts and author of Platts' forthcoming Renewable Power Outlook. "Renewable portfolio standard laws in neighboring New York, New Jersey, and Maryland were likely to create strong demand for Pennsylvania renewables even before the new law was passed." According to Platts analysis, SB1030 will drive up mid-Atlantic demand for renewables and could tighten these markets as renewable standard laws are implemented over the next several years.
Platts, a division of The McGraw-Hill Companies, is the world leader in providing energy information. For nearly a century, Platts has helped to enable ever-changing global energy markets enhance their performance through such offerings as independent industry news and price benchmarks. From 14 offices worldwide, Platts covers the oil, natural gas, electricity, nuclear power, coal, petrochemical and metals markets. Additional information on Platts real-time news and price assessment services, publications, databases, geospatial tools, conferences, magazines, research and analytical services and energy financial services is available at http://www.platts.com.
About The McGraw-Hill Companies Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 280 offices in 40 countries. Sales in 2003 were $4.8 billion. Additional information is available at http://www.mcgraw-hill.com.
The following is from: az2820
over at The Trading Floor.
http://www.businessweek.com/magazine/content/05_02/b3915410.htm
Tax Credits Put Wind In The Sails Of Renewables
Falling clean- energy costs and rising oil prices are turbocharging green, too
Fickle breezes pose a challenge for Steven Zwolinski, president of GE Wind Energy. But in 2004, he was also hit by the capricious winds of politics. A tax credit for wind energy, expected to be renewed, expired in 2003 after being caught up in the congressional stalemate over a comprehensive energy bill. As a result, new wind farm development came almost to a halt. By summer, Zwolinski had no orders and nearly $300 million in inventory, forcing layoffs and factory closings. The uncertainty over policy makes for a "tough industry," he says.
But what governments take away, they can also give. In September, Congress renewed the wind tax credit and extended credits to most other types of renewable energy. In addition, 19 states now require that electricity providers offer a certain percentage of green energy. And around the world, noncarbon-emitting alternative energies are needed to meet the terms of the Kyoto Protocol, which requires cuts in greenhouse-gas emissions.
Factor in falling clean energy costs and rising prices for coal, oil, and gas, and these issues are turbocharging green power. Indeed, renewable energy forecaster Clean Edge expects the overall market to grow from $13 billion worldwide last year to $92 billion by 2013. "These technologies are at a tipping point," says Clean Edge's Ron Pernick.
The biggest winner: wind. "Clearly, wind is set to come on stronger than last year," says Fred Mayes, chief of the Energy Dept.'s renewables information team. With the tax credit, wind power has plunged from 45 cents per kilowatt-hour in 1980 to less than 3 cents today, making it competitive with natural gas- or coal-fired plants. Power providers are rushing to take advantage of the credit before it is scheduled to disappear again in 2006. "We're now seeing a 14-month sprint until the end of 2005," says Jack Ihle, energy analyst at Platts (a unit of The McGraw-Hill Cos. (MHP ), as is BusinessWeek). Platts projects that the U.S. will add more than 2,400 megawatts of wind capacity in 2005, on top of the existing 6,300 MW.
Similar incentives are fueling solar power, which remains more costly than fossil fuels and is even more dependent on government incentives, says ABI Research analyst Josh Laurito. Germany, for instance, has made a major bet on the technology, creating "such incredible demand," he says, that it's driving up prices for solar systems around the world. Companies like General Electric (GE ), BP (RD ), Royal Dutch/Shell (RD ), Sharp (SHCAY ), and Kyocera see sun power as a big chunk of their future business, and new approaches such as plastic-based solar panels are springing up. Forecasters see more than 30% growth per year for the next decade.
The renewable industry is largely the creation of government policies, and there's always a chance that the political winds could shift. But given environmental pressures and more competitive green energy prices, it's a good bet that the boom in renewables will continue.
GE's Transformation Seen Paying Off in 05
BOSTON (Reuters) - After three years of playing down expectations, General Electric Chief Executive Jeff Immelt has delivered on the most important promise of his tenure by telling analysts and investors exactly what they wanted to hear: GE is back.
Since taking over for Jack Welch as CEO just days before Sept. 11, 2001, Immelt has transformed the company with several high-profile acquisitions while navigating the industrial, financial and media giant through a sharp downturn in its mainstay energy and aerospace markets.
"He's (Immelt) really repositioned the company," said Steve Roukis, research director at Matrix Asset Advisors, which owns 1.4 million GE shares. "2005 and 2006 will be breakout years for GE."
Net profit may grow by as much as 17 percent next year with such growth sustainable for several years to come, Immelt said in presentation to analysts and investors earlier this month.
During three years of moderate growth, Immelt pledged the company would be back to its customary double-digit profit growth in 2005 with GE better positioned in high-growth markets such as health care, security and renewable energy.
Consider it a mission accomplished.
"We never abandoned who we've been or what we were in the past," Immelt said in his annual outlook meeting for analysts. "I can build on all the...things we've done for decades, but we can always evolve."
Evolution came in the form of pricey acquisitions of British bioscience firm Amersham Plc and Vivendi Universal Entertainment in 2004, while spinning off part of its insurance business.
Immelt also pushed the company deeper into consumer finance and infrastructure, which includes security systems and water purification. GE forecasts that these two businesses will grow three times faster than the U.S. gross domestic product.
"With the new technologies it developed, GE is gaining share in businesses you typically don't gain market share in, and that's what I think is very impressive," Roukis said.
In fact, GE said it's ready to grow at a faster rate in the next few years than it has during the past 10 years. GE can deliver revenue growth of 8 percent next year from its existing businesses versus an average 5 percent rise over the last 10 years, Immelt said.
That increase, which works out to nearly $5 billion of home-grown revenue in 2005, is vital for GE to keep boosting profits since belt tightening alone may prove difficult.
"It doesn't have much in the way of fat to trim anymore," said Tom Goetzinger, associate director of research at Morningstar. "GE definitely espoused a lot of confidence, and it's well deserved too."
Boosting the company's prospects are an improving global economy and a continued upturn in its mainstay cyclical industrial businesses, transportation and energy.
Analysts agree with the company's bullish outlook. According to Reuters Estimates, 16 of 19 analysts tracking GE now view the company as a "buy" or "outperform," compared with 10 of 19 a year ago.
Wind Powering America - In case you haven't seen this site yet!
http://www.eere.energy.gov/windandhydro/windpoweringamerica/
Got this over at Raging Bull's Board.
Posted by: Arctec
In reply to: secureresources who wrote msg# 6978 Date:12/27/2004 11:49:45 AM
Post #of 6982 (board: The Trading Floor)
http://www.investorshub.com/boards/board.asp?board_id=2454
Kansas Wind Farm Development Gets A Push From U.S. Tax Break
11:48 EST Monday, December 27, 2004
WICHITA, Kan. (AP)--A tax break from the U.S. government potentially worth millions of dollars is pushing development of wind farms in Kansas, and as many as six could be operating by the end of the year, a state official said.
Lee Allison, science and energy policy adviser for Gov. Kathleen Sebelius, said at least 14 wind farm projects are being considered in the state. The push is fueled by federal tax breaks that could save any wind farm operating by Dec. 31, 2005, millions of dollars for a decade.
The next wind farm scheduled to open in Kansas is a $190 million project in Butler County. It is scheduled to begin operating by late next year.
More wind farms are likely in Kansas, which was recently ranked as the third- best spot in the nation to turn wind into energy, said Allison, who also is chairman of the Kansas Energy Council.
He said the wind energy projects in the works involve at least $1.8 billion of potential investment. However, only about six of the projects will likely be built, because transmission lines in the state don't have enough capacity to transmit the power, Allison said.
Allison said the projects are a boon to the state's economy, bringing up to 400 temporary construction jobs and 20 full-time jobs. Instead of property taxes, companies running the farms often give hundreds of thousands of dollars to local public entities, and pay hundreds of thousands of dollars a year to land owners for use of their land.
However, others say the growth of wind farms is not good news.
Ron Klataske, executive director of Audubon of Kansas, said the push to develop wind energy is being fueled by the "lucrative tax credits" rather than an interest in renewable energy.
"It's insane," he said, equating the hurry to "somewhat of a stampede." The proposed projects in the Flint Hills area could destroy one of the few remaining stands of native tallgrass prairie in North America, he said.
Recently, a state wind energy task force proposed restricting wind energy development in the Flint Hills. The task force urged Gov. Kathleen Sebelius to establish a "Heart of the Flint Hills Area," which would protect about half of the 6 million acres of Flint Hills from unregulated development.
Sebelius wants developers and landowners to give counties a chance to write guidelines on building wind turbines.
Allison said the federal income tax credit is critical to wind companies, which cannot compete against traditional energy producers without it.
The American Wind Energy Association expects the credit to spur wind farm development across the nation, making 2005 a record-setting year in terms of new wind energy capacity being built.
In addition to the supply of wind, rising natural gas and coal prices are driving interest in Kansas wind farms.
It's difficult to say which pending projects will actually be built, Allison said, because negotiations are done in private and most utilities are working with two to five developers to find the best deal.
Eventually, wind may join wheat, corn, airplanes and cattle as economic driving forces in Kansas, he said.
"That's what brings us our wealth is our ability to produce some of these products very well," Allison said. "And wind energy is one of those, and we're just starting to tap into that potential."
.
<font color=red size=9>Merry Christmas to all here.
Think about all of you USWF afficionados....
Now, then, for a bit of personal stuff: It is sleeting in Houston.... This morning, NovoMira sent me a note which allowed me to listen to "Oh Little Town of Bethlehem, and I replied thus:
Thank you, Novo for Emmyloo Harris' rendition of "Oh Little
Town of Bethlehem"
"The hopes and fears of all the years, are met in thee tonight."
Could it have been 2000 years ago????? It seems (to me) like it was only yesterday that your's truly, was sitting in a little noisey wooden chair, listening to my sunday school peer's memorized Bible verses, and then it was my turn..... I stood up, nervously scanning everyone sitting in their BIG noisey chairs...looking for my Mom and Dad and Grandmother so I could feel more relaxed and would not have to look into the faces of those 'strangers' And, I said:
"But the angel said to them, 'Do not be afraid. I bring you good news of great joy that will be for ALL the people. Today, in the town of David, a Savior has been born to YOU; he is Christ the Lord. This will be a sign to you: You will find a baby wrapped in strips of cloth and lying in a manger.'"
{I hope everyone noticed that 'ALL' and 'YOU' were capitalized there.
And, I sat down......
My life has unfolded since that day, and I have traveled many roads; and, some of the roads have been detours, which have gotten me off the right track. However, today I have found my way back to that little noisey wooden chair I was sitting in sometime around 1945, and I have recited those words again...realizing that I can make the rest of my life, more of a blessing to others, and myself... just by keeping the faith.... Not a bad way to start this Christmas Eve, I'd say. For me, it was worth it, just so that my mind's eye could look into that audience, and once again see my Mom, who would have been holding my younger brother, my Dad, and Grandma sitting there together. {with tears in my eyes, I might add!)
My grandma died in 1985 at 92 years of age.
My dad died in 1989 at 76 years of age.
My mom is in her 88th year, and is one of the true lights of my life. I will pass this post onto my relatives and friends by e-mail so that they have a glimpse into what was on my heart this Christmas Eve morning, and early afternoon.
For all who read this, who, like myself, might have gotten off on detours, now and then, read these words again:
How silently, how silently,
The wondrous gift is giv'n!
So God imparts to human hearts
The blessings of His heav'n.
No ear may hear His coming,
But in this world of sin,
Where meek souls will receive Him, still
The dear Christ enters in.
And now for the commercial...... No mumbo jumbo, though. Nothing to buy. No giving up your lifestyle. No need to walk the aisle or join a church. All you need to do is read that last line again, accept that salvation and understand that it is all a gift; and, there are no dues. And/or/but, if you are a church goer, but think there is something missing, then allow yourself to be that 'meek soul', also.
Merry Christmas, everyone.
ss
I agree with your comments. There are a few investors that have come aboard lately to wait and see. More frequent posts on the ragingbull message bd.
In August or around that time, the WSJ and IBD papers came out with major articles on the technology. I've also seen recent articles in Popular Science magazine. It's not rocket science and to my knowlege, this is the first company to be a pure play.
With GE's backing, this and other small organizations can grow very quickly into a respectable utility. However, I feel that its hard to gage the longevity of the growth from this point. If the company gets its first few contracts going and goes to the BB, then AMEX it would attract more research attention to shed necessary light on where we can expect to go.
One things for sure, it will move significantly from here IMO.
Why is no one commenting on today's news?
This is yet another good step for them, but one thing that I got out of the PR is that we will not begin to see any hard activity unitl late 2005 or early 2006 with financial result showing maybe in the first half of 2006. From this, my opinion is that we'll see the PPS stay in a very tight trading range until mid to late '05. Which is good if you want time to get in at these levels and gamble that this company will do good. This is bad news for the folks who are just looking for a quick buck.
I think this company has huge potential and my plan of action is to take advantage of these prices and make the gamble by investing here as funds become available.
Of course this is just my opinion, get your own.
By: thirsty_tiger (Hope you do not mind, TT)
07 Dec 2004, 11:52 AM EST
Msg. 1653 of 1657
(This msg. is a reply to 1648 by cortexmirabilis.)
OT: Cortex USWF
I spent a few hours doing basic DD on USWF yesterday (on company time of course). Here’s a few things
1. USWF is an almost brand new co. USWF registered their shares in two batches with SEC one on 4/15 and the other on 9/21. The co says it plans to become a fully reporting co. If so, then why has USWF not started to file their quarterlies yet.
2. According to the Co, there are 750,000,000 shares of authorized stock. There are 315,950,000 shares outstanding of these 252,760,000 shares are closely held by company executives and 63,190,000 are in the float. That float was dumped into the market just recently. Question is, are they done yet? Looking at graph of the pps and volume I’m not so sure. Volume has been steadily increasing lately but the price is stagnant, indicating selling. This is also confirmed by a simple accumulation/distribution plot.
3. Appears that it has a strong support at 0.020. If I were to buy in, I’d put 50% of my money right at 0.020 and 50% at 0.016-0.018 in case the support breaks temporarily.
4. The company has zero contracts. There’s a lot of PR’s informing of various “agreements” with various entities to build windmills. Lots of “the company expects….”. But so for zilch contracts.
5. The company expects to be cash positive by first quarter 2005. See point 4 above.
6. The company expects to close on several “agreements” during 4th quarter 2004. See point 4 above
7. The company itself is for real. Went by their office yesterday. It’s on the Chicago south side. Small office. In my estimate 4-8 people office.
8. The 2 principal stockholders have sunk a lot of their own money into this venture.
In summary, I’ll remain on the sidelines for now, keeping an eye and ear open. If USWF converts one of their “agreements” into a hard contract, I’ll probably jump in. Surprised, the company has not yet enlisted the “services” of stock pumpers such as Subway, GRC etc.
There is a board for USWF at this link.
http://ragingbull.lycos.com/mboard/boards.cgi?board=USWF
Let’s move any further discussion on USWF over to that board. We don’t want to clobber this one with to much discussion on other companies
TT
I am still confident in the future of wind generation.
However I am not certain that there are too many holes in the USWF story and business plan. Time will tell.
Not being certain does not make me a basher. It just makes me uncertain.
ss
63,190,000 shares in the float
http://www.uswindfarming.com/
Financial Information
U.S.WIND FARMING, INC. EXPECTS TO COMMISSION THE SERVICES OF Deloitte & Touche TO AUDIT OUR COMPANY AND U.S. WIND FARMING, INC. SHALL BECOME A REPORTING COMPANY.
RESULTS OF ALL AUDITS WILL BE LINKED TO THIS WEBSITE IN THE FUTURE
U.S.WIND FARMING, INC. EXPECTS TO COMMISSION THE SERVICES OF Latham & Watkins TO CONDUCT ALL LEGAL AFFAIRS OF OUR COMPANY.
U.S.WIND FARMING, INC. EXPECTS TO BECOME A BULLETIN BOARD STOCK IN 2005 HEADING FOR THE MAJOR STOCK EXCHANGES. THE COMPANY EXPECTS TO ACCOMPLISH A SERIOUS TRACK RECORD WITH THE ESTABLISHMENT OF WIND ENERGY ELECTRICITY/HYDROGEN COOPERATIVES AND THE ACQUISITION OF ADDITIONAL ASSETS IN TECHNOLOGIES RELATING TO THE ENVIRONMENTAL INDUSTRY.
THE COMPANY EXPECTS CONTRACTS TO BE EXECUTED BY YEAR END 2004 FOR 45-MEGAWATTS OF WIND ENERGY ELECTRICITY/HYDROGEN COOPERATIVES PROVIDING THE COMPANY WITH APPROXIMATELY $4,500,000 IN ANNUAL NET PROFITS FOR THE LIFE OF THOSE COOPERATIVES WHICH IS 30 YEARS.
THE COMPANY EXPECTS CONTRACTS TO BE EXECUTED BY YEAR END 2005 FOR A MINIMUM OF 180-MEGAWATTS OF WIND ENERGY ELECTRICITY/HYDROGEN COOPERATIVES PROVIDING THE COMPANY WITH APPROXIMATELY AN ADDITIONAL $18,000,000 IN ANNUAL NET PROFITS FOR THE LIFE OF THE COOPERATIVES WHICH IS 30 YEARS.
THE COMPANY EXPECTS TO ESTABLISH 12 ADDITIONAL 15-MEGAWATT WIND ENERGY ELECTRICITY/HYDROGEN COOPERATIVES PROVIDING 180-MEGAWATTS EACH YEAR.
U.S.WIND FARMING, INC. IS THE MAJORITY OWNER OF ALL WIND ENERGY ELECTRICITY/HYDROGEN COOPERATIVES.
FINANCING OF EQUIPMENT AND CONSTRUCTION FOR EACH WIND ENERGY ELECTRICITY/HYDROGEN COOPERATIVE IS ACCOMPLISHED THROUGH ASHLIN CAPITAL VIA RENEWABLE ENERGY UTLITY TRUST BONDS AND DIRECT LOANS VIA MAJOR FINANCIAL AND ELECTRICAL UTILITY INSTITUTIONS. SALE OF COMPANY STOCK IS FOR DEVELOPMENT EXPENSES OF ALL COOPERATIVES ONLY.
THE COMPANY HAS NO DEBT.
THE COMPANY HAS NO LIABILITIES.
THE COMPANY'S INTERNAL MONTHLY EXPENSES "BURN RATE" IS QUITE LIMITED DUE TO COMMISSIONING OUTSIDE COMPANIES AND CONTRACTORS FOR THEIR SERVICES. MANAGEMENT RECEIVES MINIMAL SALARY AND IS COMPENSATED WITH STOCK IN THE COMPANY.
THERE ARE 750,000,000 SHARES OF AUTHORIZED STOCK. THERE ARE 315,950,000 SHARES OUTSTANDING OF THESE 252,760,000 SHARES ARE CLOSELY HELD BY COMPANY EXECUTIVES AND 63,190,000 ARE IN THE FLOAT.
THE COMPANY EXPECTS POSITIVE CASH FLOW IN FIRST QUARTER 2005.
http://www.uswindfarming.com/finance.html
December 1, 6:00 am ET
U.S. Wind Farming, Inc. has entered into an agreement with Ashlin Capital, LLC (www.ashlincapital.com) for operations and project financing
CHICAGO--(BUSINESS WIRE)--Dec. 1, 2004-- U.S. Wind Farming, Inc. (Pink Sheets:USWF - News), "America's Only Publicly Traded Wind Energy Company," (www.uswindfarming.com) has entered into an agreement with Ashlin Capital, LLC ("Ashlin") for long-term working capital and project financing.
"We were already receiving working capital from Ashlin, so this new agreement is really an expansion and ratification of that fait accompli which will allow us to fuel the global project schedule of USWF," said William Telander, USWF's CEO. "We completed negotiations and signed agreements for numerous projects at home around the world over the last several months, but we were hampered by working capital and project financing constraints. This agreement with Ashlin has already begun providing USWF with the financing that it needs to make a very serious impact on the global renewable energy market," he said.
"Ashlin is pleased to be working with USWF in effecting their planned project schedule in the U.S. and internationally," said Eric Rosen, Ashlin's managing director. "This is a major priority project for us. Our CEO delivered the very first statement in the First Meeting of the International Negotiating Committee for a Framework Convention on Climate Change in Washington, D.C. in 1991, and was Chairman of the Latin American Group of countries at the 1992 Rio Conference which led to the Kyoto Protocol and the current urgency by many countries to reduce the burning of oil and coal in favor of alternate energy sources such as wind and hydrogen," said he.
A global finance company, Ashlin is currently working with U.S. Government agencies, such as the Overseas Private Investment Corporation, in financing international projects
Payne72 Thanks for posting the article.
Related article of interest.
http://www.cnn.com/2004/TECH/11/29/spark.windfarms/index.html
Is noone going to comment on today's news?
I think this is great! I'm thinking more and more that we may have some huge potential here. I just wish I could get some financial information on the company. Does anyone know how many shares are approved and outstanding?
CNN News yesterday reported that
Manitoba has a large wind farm in the works. Probably not connected with USWF directly. Just mention it to keep information flowing.
ss
Happiness to everyone.
"Optimism: Going after Moby Dick in a rowboat..and taking the tartar sauce with you." -- Zig Ziglar
Could this be the one that clicks for me????
Happy holidays deashus.....
U.S. Wind Farming, Inc. Has Entered into an Agreement to Develop a 100-Megawatt, Wind Energy Electric/Hydrogen Cooperative in the Baltic Coast of Poland
Business Wire - November 24, 2004 09:00
CHICAGO, Nov 24, 2004 (BUSINESS WIRE) -- U.S. Wind Farming, Inc. (Pink Sheets:USWF), "America's Only Publicly Traded Wind Energy Company," has entered into an agreement with corporate partners to develop a new wind energy cooperative in Poland.
U.S. Wind Farming, Inc. has signed an agreement with American and international corporate partners to develop and own a 100-Megawatt Wind Energy Electricity/Hydrogen Cooperative in the Baltic Coast area in Poland. Agreement has already been reached with the State-owned electrical utility to purchase the electricity produced. Contracts for the purchase of the hydrogen produced are in negotiations. The Government of Poland will provide the project with a $10,000,000 grant after the other funding arrangements are in place. Financing for the construction and equipment for this Wind Energy Electricity/Hydrogen Cooperative is being packaged by USWF's New York investment bankers, utilizing a variety of U.S. and international public/private mechanisms that are available for the financing of new and renewable sources of energy. Based on energy demand and price calculations in Poland's Baltic Coast area, USWF estimates that it will realize $10,000,000 in annual profits from this Cooperative alone.
USWF will be utilizing its "next generation" Renewable Energy Systems Technology for the Baltic Coast project. Current Wind Farms can only deliver electricity to the electrical utilities as the wind dictates with no storage of energy. Therefore, the purchasers of the electricity they generate pay prime prices for the electricity only during Peak Demand times. But with USWF's "next generation" technology, the Wind Energy Electricity/Hydrogen Cooperative garners Peak prices for both commodities all the time.
Popular Science Article...
Nov 2004 issue has an excellent portrayal of possibilities and projects in progress.
U.S. Wind Farming, Inc. ( USWF ), "America's Only Publicly Traded Wind Energy Company," ( www.uswindfarming.com) announced their plans today to commission the Advanced Technology of GE Wind Turbines and Stuart Energy's Proprietary Integrated Hydrogen Generation Water Electrolysis Technologies. An interview with the company CEO discussing the latest events is available online at SmallCapVoice http://www.smallcapvoice.com/uswf/index.html
If you want the pictures included with that review in the previous post, put "Stock Emporium / USWF" in a search window and push the button.
U.S. Wind Farming, Inc. (USWF) -- Strong Buy
BREAKING NEWS:
Congress has now put America’s emerging wind farm industry on the front-lines for pollution-free energy. The American Wind Energy Association (AWEA) reported on 24 September 2004 that the wind energy production tax credit (PTC)—a critical factor in financing new wind power installations—will be reinstated through 2005 as part of a major tax package (H.R. 1308) extending a number of individual and business tax provisions. The House and Senate approved the bill on September 23, and President Bush is expected to sign it into law. The PTC now provides a 1.8-¢/kWh tax credit (adjusted annually for inflation) for electricity generated with wind turbines.
The passage of this legislation to put the wind farm industry on equal footing with coal and natural gas industries will make industrialized wind power projects financially feasible and here to stay. Since 2002, some of the biggest players in the American power industry using fossil fuels have handed their big oil and gas burning power plants back to the banks but retained their wind farm assets.
This legislation for the wind farm industry will unlock over $3 billion of wind farm projects. The national energy policy is to have 5% of America’s energy demands met by wind power by 2020, about as much as hydropower provides today. Today, it is well under 1%. A U.S. Department of Energy wind resource inventory found that three states—North Dakota, Kansas, and Texas—have enough harnessable wind energy to meet electricity needs for the whole country. The Bush plan to add 393,000 megawatts of electricity nationwide by 2020 could be satisfied from wind alone. The new legislation for wind farm tax credits means an industry growth rate of 31% per year. The frontier of a profitable "Green Energy" industry has been given birth in 2004 and U.S. Wind Farms is at the cutting edge of the technology to be utilized.
THE COMPANY
U. S. Wind Farming, Inc. (USWF) is an emerging public renewable energy developer in North America establishing wind generated electrical power cooperatives with America's farmers in cooperation with General Electric. USWF is a Nationwide Public Renewable Energy Developer and a partner in Agricultural Renewable Energy Cooperatives enlists the nation's farming community to provide "renewable" energy (Wind Generated Electrical Power) for their local community and the nation utilizing Small Distributed Wind Turbine Agricultural Renewable Energy Cooperatives.
KEY DATA POINTS
Shares Outstanding 210 Million
Shares Float 43 Million
Average Daily Volume 300,000
Current Price $0.03
Price Target $0.15
INVESTMENT THESIS
With the advent of an enormous and growing movement towards renewable energy and fixed long-term "non-fossil fuel" contracts to the nation's power utilities, USWF is to provide our nation's farmers with the ability to use their properties to "farm" the most abundant of all of the earth's natural resources, the "WIND." USWF partners with the farmer and the Agricultural Renewable Energy Cooperative for the warranty life of the wind turbine electrical generating system. The farmer benefits from this partnership by capturing a percentage (5%) of the income derived from the sale of the electricity generated from cooperative, where power production will be sold to electrical utilities nationwide.
USWF claims to be the only publicly traded wind farm company in the United States. USFW is developing a unique niche working to provide agricultural farms an additional source of income by also becoming small wind farms. Since farmers have no money, cooperatives are set-up to generate the working capital to construct the wind farm and the farmer would receive proceeds from the sale of electricity.
USWF provides a total turn key solution to bring small wind farms on line while also being well-positioned for the rebuilding of existing outdated wind farms. Each small wind farm will be fitted with six to ten units, generating enough energy to power 3,500 homes. Based purely on pro-forma data, USWF expects to receive $1 million annually paid on a monthly basis by the local utility that is under contract to purchase energy from these farms for a period of 30 years.
USWF and the wind energy producing market:
A worker prepares to enter the hub of a 1.5-megawatt wind turbine. With the passage of new tax laws for wind farms by Congress, more of these industrial-size turbines will be providing pollution-free power for America.
Wind produces electrical energy by turning the fan blades attached to a high tower that is connected to a generator. A large wind tower is capable of producing between 1.8 to 2 megawatts of power, which is enough electricity to satisfy about 550 average households. On a typical wind farm, there are 40 to 70 towers. These towers are connected to a power grid, which feeds into a specially designed transfer system.
A tower capable of producing between 1.8 and 2 megawatts can range between 150 feet and 180 feet tall, takes about three months to construct and costs just under $1.7 million. Ideal sites are usually flatlands or a ridge on hilly terrain. A landowner usually signs a long-term lease with payments of a few thousands dollars a year per tower. The costs per kilowatt-hour are 4.7 cents vs. an average 5.2 cents for natural gas generated power. Be mindful that this is a renewable energy source with zero pollution emissions.
The wind energy industry is truly a global industry. Wind plants now power the equivalent of 9 million average American homes (19 million average European homes) worldwide. Growth is widely forecast to continue in the double-digits into the next decade, even as the industry matures. Investment in 2004 is flat due to the uncertainty of renewable energy tax credits. Some $9 billion were invested in new wind power generating equipment in 2003, up from $7 billion in 2002.
According to the American Wind Energy Association, the force behind legislation to stabilize and encourage growth of the wind energy industry, the "break-out" of the industry will occur when the federal government adopts the same "Renewable Portfolio Standard" currently in force by 13 states. In these states, a minimum amount of consumable energy must be wind derived energy and there are penalties for non-compliance. Some states have taken a strong lead in the adoption of wind power as a mainstay. For example, the State of New York just recently passed a law increasing the amount of wind energy consumed in the state to be increased from 18% to 25%.
Congress is likely to make some positive changes in the federal statutes along the 1999 Wind Powering America, U.S. Department of Energy (DOE) initiative. The goal of this initiative is to have 5% of America's total electricity supplied by wind power by 2020. Today, it is less than 1%. Most of the country's power comes from coal (over 50%), nuclear (20%), natural gas (18%), and hydropower (7%).
The US wind farm industry ranges from the small enterprise providing electricity to rural communities to the giants such as Florida Power & Light, the largest wind-power producer in the United States. FPL owns 43 wind farms across the nation that comprise nearly 7,000 turbines producing 2,800 megawatts, or nearly 30 percent of FPL's total generating capacity.
The main problem with the major wind power companies (i.e. public utilities) is the passage of Production Tax Credits (PTC's) by Congress. These tax credits have been languishing in the Republican controlled congress. Florida Power and Light owns and operates the largest commercial wind farm operation in America. It is currently holding 50% of the major projects sitting on the boards waiting for the PTC's to become law. The PTC's will allow the wind industry to continue building on previous year's momentum, but it is insufficient for sustaining the long term growth of renewable energy. The planning and permitting process for new wind facilities can take up to two years or longer to complete. As a result, many renewable energy developers that depend on the PTCs to improve a facility's cost effectiveness may hesitate to start a new project due to the uncertainty that the credit will still be available to them when the project is completed. The short-term outlook (2004) is uncertain; due to the pending federal production tax credit (PTC), and the failure of Congress to adopt the credit to ensure continued, orderly growth of the wind energy market. The delay in the PTC's is inflicting a high cost on the industry – initial estimates are that some 2,000 MW of new capacity would have been installed in 2004. Instead, many large-scale projects are on hold pending the credit.
The average ultimate consumer revenue per kilowatt hour ranged from 2.5 to 6.9 cents depending on the type of electric utility servicing them. The overall average was 6.8 cents. The average sales for resale revenue per kilowatt-hour ranged from 3.6 to 4.5 cents, depending on the type of electric utility making the sale. The overall average was 4.1 cents. A well located wind farm can sell power on the order of 3 to 4 cents per kilowatt hour. The PTC for a wind farm provides a 1.8 cent per kilowatt hour benefit for the first ten years of a facility's operation. The average lifespan of a wind farm is 20 years and technology is pushing this up to 50 years.
Institutional Investor.com ran a recent article on USWF wherein the financing of the cooperative ventures are based on bonds sold in denominations of $10,000 with a 30 year 7% yield. The article noted that financing of the wind farms is currently independent of the PTC's. This is a huge plus. PTC's are not needed to make USFW's projects viable. The business model is designed without the benefit of Energy Production Tax Credits, but the recent passage of the extension of PTCs shows good intent by Congress and opens the way for long-range capital spending on wind farming by utilities and private pools of investment funds.
The success of a wind farm is based upon its zone of wind energy in the United States which range on a scale from Class 1 to 5. The Aleutian Islands are a Class 7 and parts of Hawaii are Class 6. The terrain of the land is also important because this defines the size of the corridor or cell where the wind energy is collected. For a wind farm to be successful a minimum of Class 3 is required and the reliability of the wind during the seasons must be sustainable. Once the energy is produced, it must reach the market on available infrastructure. If the location of the market is far away and/or the power lines insufficient or inefficient to transport bulk energy, then the cost of transporting electricity to the market may defeat the purpose of generating electricity from wind. Therefore, the location of a wind farm to a source of reliable wind energy and its ultimate market is paramount.
The DOE publishes wind maps. At this time, USWF has identified 15 sites and is studying these for feasibility.
The technology of wind power in Zones 3 to 5 is competitive against fossil fuels with the PTC's in place. In the 1980's, wind power was in the horse and buggy phase. Today, it is a Model T and is fast evolving.
The global wind energy market is consolidating as it is maturing. Vestas, already the world's largest wind turbine manufacturer (20.6% accumulated market share in 2002), and NEG-Micon, the second largest (17.3% accumulated share at end of 2002) announced at the end of 2003 that they would merge their operations, creating the world’s single largest wind turbine manufacturing group. GE Wind is increasing its market share, and sold more than half of the generating capacity installed in the U.S. in 2003. Foreign manufacturers Gamesa and Suzlon are expanding operations outside of their country of origin and installed their first turbines in the U.S. last year.
Globally, wind power is growing faster in countries with reliable and sustainable wind resources such as the United Kingdom, and other countries with Green policies as a major platform of the political agenda. Cumulative wind power generating capacity, by region: Europe - 74%; U.S. - 16%; Rest of World - 10%.
Wind as a resource is not predicable and therefore, is always a risk. There are two types of power generation - base load and peak load. Base load is steady power 24 - 7. Peak load is to add energy at peak times such as morning and dinner times, or during hot summer days, etc. Base load power is the highest priority. Wind power as a base load supplier is unlikely except in rural communities where power storage then becomes the next biggest hurdle/cost. USFW has elected to serve the rural communities.
RECENT DEVELOPMENTS
August 16, 2004—U.S. Wind Farming to conduct repowering of Altamont Pass, California. The Altamont Pass Wind Resource Area contains the second-largest wind resource in California, and it could be relied upon to meet a significant part of the state's renewable portfolio standard of 13% by 2010 and 20% by 2017. U.S. Wind Farming (Pink Sheets:USWF), America's only publicly traded wind farming company, will establish cooperatives within this area to help the CEC meet these goals.
August 10, 2004—U.S. Wind Farming has selected its first 15 agricultural sites to install the 1.5 MW (mega watt) and 2.5 MW GE (GE) Wind Turbines. GE Wind Energy, Vaisala Group and Rosendin Electric will be commissioned to evaluate these sites for renewable energy development. USWF is anticipating that these sites will produce in excess of 225-MW of power with over $12 million in revenues during the upcoming year.
July 6, 2004—USWF enlists farmers to "Harvest the Power of the Wind" by creating a 30-year annuity paid to the farmer without disturbing their ongoing agricultural operation. Each Cooperative will typically produce enough electricity to run roughly 4,500 typical homes and can provide the farmer with up to $100,000 in annual income for 30 years. Each Cooperative provides USWF with over $800,000 in net revenue annually or over $24,000,000 for the course of the 30-year fixed-rate renewable energy contract.
June 28, 2004—USWF expects to utilize the resources of GE Wind Energy, a division of General Electric, to provide the industry's finest companies and wind turbine suppliers. With over 6,100 worldwide wind turbine installations comprising more than 4,000 MW of capacity, the company's knowledge and expertise spans more than two decades.
May 14, 2004—U. S. Wind Farming, Inc. announced today its intention to start trading on the Pink Sheets under the ticker symbol USWF. It is America's only publicly traded wind energy company.
March 29, 2004—GE Energy’s activities in the global wind industry produced more than $1.2 billion in revenues for 2003, a 150% increase above the previous year’s total, the company reported at Global Windpower 2004. "The growth of this business within the GE Energy portfolio is a clear indication of the tremendous interest in wind power, which has become the world’s fastest growing energy source," said Steve Zwolinski, CEO of GE Energy’s wind operations. In the U.S., GE Energy’s wind turbine installations for 2003 totaled 873 megawatts of new wind-generated capacity, enough to serve the annual electricity needs of more than 270,000 average households. These orders alone represent more than 110% more capacity than reported by the American Wind Energy Association to have been installed in total throughout the U.S. during 2002.
SUMMARY
U.S. Wind Farming (USWF) is a company that is still early stage growth company. Securing and executing on the retrofitting contracts for the exisiting Altamont Pass and Palm Springs wind farms in the next few months will generate and initial revenue stream necessary to finance the build out of new wind farms. It is the goal of the company to install 45 megawatts of power generating wind turbines by the end of 2004, re-powering obsolete wind farms and add 180 megawatts in 2005 from new wind farm installations. With the recent passage of the extension of Energy Production Tax Credits, the company should be successful in securing financing and closing several contracts that have been pending due to the PTC legislation. Now that the incentives are in place, the wind should be to the back of USWF shares going forward.
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=USWF&read=40
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By: secureresources
12 Nov 2004, 06:42 PM EST
Msg. 40 of 42
Jump to msg. #
California, in 2003, had wind power produce 1.3% of their Gross System Power.
From a USWF press release:
The Altamont Pass Wind Resource Area contains the second-largest wind resource in California, and it could be relied upon to meet a significant part of the state's renewable portfolio standard of 13% by 2010 and 20% by 2017. U.S. Wind Farming (Pink Sheets:USWF), America's only publicly traded wind farming company, will establish cooperatives within this area to help the CEC meet these goals.
If California's Gross System Power provided by WIND, will go from 1.3% to 13% by 2010, and 20% in 2017, and USWF has a foot in the door in that market, then do the math for yourselves, and bet on the future, not on the past....
secureresources
I talked with the CEO recently and got plenty of encouraging info.
There are changes coming on exchange (from pk sheets to BB), auditors (from previous to Deloitte and Touche) and updates on upcoming contracts. Financing already in place ($1 mil loan).
Mr. Telander is presently looking for PR people to handle the influx of interest.
News expected soon.
How long will the world's oil last?
As production peaks, economic impact could be dire
By John W. Schoen
Senior Producer
MSNBC
Updated: 2:08 p.m. ET Sept. 9, 2004
HOUSTON - When the modern oil industry was born 145 years ago in Titusville, Pa., few people worried about just how long petroleum would keep flowing out of the ground. But since production peaked in the United States in 1970, a growing number of geologists, economists and industry analysts have been pondering the question of just how long worldwidesupplies will keep up with growing demand. And some are predicting that global production may peak as soon as next year.
The outlook is muddied by the data. Estimating oil reserves — how much is left in the ground — is a notoriously perilous endeavor. The task is complicated by the secrecy of OPEC producers, who are reluctant to dislose just how much oil they’ve found.
This year, global demand for oil — currently at more than 80 million barrels per day and climbing — has come closer than ever to exceeding the world’s known production capacity. Disruptions in oil supply — due to wars or market forces like OPEC embargoes — are nothing new. But with producers pumping as fast as they can, there is little cushion for temporary supply interruptions or heightened demand from industrializing countries like China and India.
“We really are close enough to the edge to have no excess capacity. Demand growth shows no sign of slowing and now it seems to be accelerating,” said Matt Simmons, a Houston-based investment banker. “It’s really important to know what the real story is — as bad as it may be.”
Another Great Depression?
No one is suggesting that the world oil industry is close to pumping its last drop. But the question now being raised is whether new reserves can be discovered fast enough to both replace depleted oil fields and keep up with growing demand. Some argue that the world is rapdily approaching the point where the pace of oil depletion overtakes the growth in new supplies.
“The worry is whether there is something worse than the Great Depression of the 1930s waiting for us — particularly that the United States gets heavily hurt because we burn a quarter of the world’s oil,” said Princeton University geologist Kenneth Deffeyes.
Deffeyes is perhaps the leading proponent of the work of the late M. King Hubbert, a Shell Oil geologist who accurately predicted, in a controversial 1956 paper, that U.S. oil production would peak in 1970. Deffeyes has applied Hubbert’s work to global oil supplies and has come up with his own projection for peak global production. He expects world production to peak around Thanksgiving of 2005, give or take a few weeks.
But with a surge to record oil prices in recent weeks and gasoline consistently selling in the $2 a gallon range for most of the summer, energy issues have played a surprisingly low profile in the presidential campaign. The reason, experts say, are clear: There are no simple solutions.
“The presidential candidates aren’t going to stand up and say ‘I’ve got bad news.” said Deffeyes. “They don’t want to promise you blood, sweat and tears. So it’s not being debated as an issue on the presidential campaign.”
No more 'cheap' oil
Oil industry officials say there are still promising regions that have not been fully developed, including areas of Alaska and the Atlantic and Pacific coasts of the U.S. that are currently off limits. But they generally agree that the days of major new finds of cheap oil are over.
“There is lots of oil out there,” said Karl Kurz, vice president of marketing and minerals for Anadarko Petroleum. “But it’s a finite resource; we can’t get around that. Eventually, you’re going to get to the point where there’s not any more to find.”
There are skeptics to the production peak theory. Morry Adelman, an MIT economics professor, says there is plenty of oil around as long consumers are willing to pay the price to produce it.
"There are a lot of prospects that were not worth developing before which are worth developing now. And there are a whole lot of prospects which were not found before which are worth looking for and worth developing today.”
A lot depends, of course, on just how much oil remains underground. Many of those who fear a production peak is imminent base their forecast on estimates of what geologists call the “ultimate recoverable resource” of about 2 trillion barrels of oil. But there’s disagreement among geologists on that number. A comprehensive study by the U.S. Geological Survey in 2000 estimated that some 3 trillion barrels of oil will ultimately be produced. Adelman argues that the amount of oil left to be produced is “unknowable.”
Regardless of how much oil remains in the ground, says Deffeyes, the critical bottleneck is production capacity. “I can’t drive into the filling station and say fill her up with reserves.”
Deffeyes argues that production capacity has grown more slowly than demand – based on production figures that are a lot more reliable than reserve data.
“Production is a pretty firm number,” he said. “Oil gets counted twice: once when it gets produced and once when it goes into the refinery. So we pretty much know how much is produced, and my Thanksgiving Day prediction is entirely based on production.”
In theory, higher oil prices should expand supplies, by bringing on line oil that just isn’t profitable to produce at lower prices. But the recent surge in prices and continued growth in demand haven’t been matched by a major boost in oil industry capital spending on exploration and production.
New spending has been constrained, in part, by political instability in parts of the world believed to hold vast potential, such as Venezuela, Iran, Iraq and parts of Africa. But Big Oil is gun shy for other reasons. The sting is still fresh from a major investment boom in the 1990s, when the industry lost billions by betting on an oil price run-up that collapsed following a global recession. By 1998, the price of a barrel of oil had fallen to $12.
“I would say the oil companies are right -- those of them that have not made commitments on the basis of $30 to $40 oil,” said Adelman. “Because the price is going to turn around and may turn around quite drastically.”
“Seeing” underground
Meanwhile, technology is expanding the industry’s ability to find and extract oil – in some case finding new fields once thought to be fully exploited.
Horizontal drilling has provided access to pockets of petroleum otherwise unaffordable or unreachable. So-called 3D visualization, in widespread use for the past five years allows geologists to “see” underground formations with a degree of clarity and detail unimaginable a decade ago. Advances in remotely operated vehicles (ROVs) are extending the reach of deep-water exploration and production further and further offshore.
“There’s no such thing as limitless, but the limits keep being expanded all the time,” said Adelman. “There are many offshore places that in the fullness of time will get explored. But I don’t know (how much oil) there is there, and in fact nobody does. That’s the kind of frontier you have. It’s disorderly.”
Adherents to imminent peak forecasts point to data showing that the overall pace of new discoveries has been slowing. If increased production isn’t accompanied by expanded discovery of new reserves, all that new technology is simply depleting existing fields more rapidly, said Simmons, the Houston invesment banker.
“Modern technology has created super straws that do not extend the amount of oil by any significant degree,” he said, “but actually suck out the amount you were ultimately going to get a lot faster.”
Economists also argue that higher oil prices will eventually reduce demand as consumers choose more efficient cars and energy producers develop alternatives like wind power. But there is no way to predict whether oil demand will fall fast enough – or alternative energy sources will be developed quickly enough -- to avoid an economic shock like the oil shortages of the 1970s.
'Hard' landing or 'soft'?
The debate over oil reserve estimates and demand-production trends is not just academic; at stake is nothing less than the economic well-being of the world over the next few decades. There are numerous scenarios describing the transition from a global economy based on fossil fuels to whatever energy sources ultimately replace them. The most extreme pessimists – found on Web sites like dieoff.com – foresee a kind of global return to the Stone Age as a world deprived of energy is beset by anarchy and starvation.
And even the most optimistic scientists who believe oil production will soon peak warn that the transition to a post-petroleum world will require an enormous undertaking involving breakthrough technologies and massive amounts of capital.
“If I’m right about the time scale we’ve got a problem,” said Deffeyes. “I don’t think you could reverse the decline. In an ideal world you might stretch the time decline of the curve out about five years. “
In the meantime, many scientists are looking for those alternatives sources. Some have suggested that technologies promoting cleaner-burning coal -– still in plentiful supply in the U.S. -– will help bridge the oil gap. Others have suggested that nuclear power will become more attractive if oil production declines too rapidly. Wind power, more widely used outside the U.S., has a proven track record. More advanced technologies -– like the conversion of coal to hydrogen –- also show promise, but are years from commercial production.
Some are already beginning to sketch out what the world’s energy infrastructure will look like later in this century. The so-called “hydrogen” economy has been widely touted because it relied on an energy source that produces no carbon or other pollutants when burned. But hydrogen requires massive amounts of electricity to produce; it’s also difficult to transport and store in small quantities for use in, say, the family automobile.
Carbon tubes
Dr. Richard Smalley at Rice University thinks the answer may be found in a fundamental overhaul of the global electrical grid. Smalley won a Nobel Price in Chemistry in 1996 for his work in the discovery of fullerenes, a structure of carbon atoms arranged in a closed shell. He’s now working on tiny carbon tubes that could be used to produce a highly-conductive, carbon-based wire that would improve the efficiency of the electrical grid and permit cheaper long-distance power transmission. He also envisions advanced electrical storage devices that would allow homeowners and businesses to smooth out periods of peak power production and demand. But the breakthroughs needed to make that happen will amount to “minor miracles,” he said.
“And at the rate were going, we won’t have anything nearly soon enough,” he said. “Frankly, even if we has the technology right now to supplant to the current energy system with something new and wonderful, it would still take us several decades to do it because its such a big enterprise.”
As a result, Smalley and others looking at the transition away from petroleum say conservation will inevitably play a role – because every gallon of gasoline saved or megawatt of energy not used is the equivalent of producing more.
“At some stage , someone is going to have to stand up and say, ‘We have a problem here and I think we ought to go out and solve it,’” said Smalley. “But at the present moment neither of the people involved in our presidential race have found the words or the motivation to do this.”
© 2004 MSNBC Interactive
URL: http://www.msnbc.msn.com/id/5945678/
baglady........
There is just too much information missing on this one for me to have an opinion right now.
The idea of a wind farm is the greatest thing since the wheel, but where this company actually fits in remains to be seen.
Don't forget, less then six months ago this company was just another pinksheet stock with no direction.
The numbers,(and my good old post-RS play system), tells me that it still has a way to drop before it hits bottom.
Comparing the OS before the split last March, just after, and now will tell a lot about the company's health....we'll see.
PTSC has now dropped below .04. I'm waiting for it to drop lower while the "quick-fix" players drop out.
This has the potential of being the biggest play I've ever been in. I hope I don't cut it too fine.....:)
Hello Scrooge,
Am holding off on this one. No cash right now. How have you been?
karen
Thanks Scrooge. ss eom.
Because this is a Pinksheet stock there will be a lot of questions left unanswered.
In my mind, the foremost question is; what do they own?...anything, or are they just a holding company to set up these wind farms?
On 0/19/04 they did a 1:200 RS with a post-split breakout price of .05.
That would make the pre-split PPS around .00025.
At the currant PPS, those who bought in just before the split are at break-even. If the PPS continues to drop, and it looks like it will, EVERYONE will be in the red.
IMO, the trick is..........watch for the bottom, and it doesn't look like it's anywhere near there yet.
For the ONLY accurate numbers on the share structure the Transfer Agent should be called.
I can find no reference to them,(Pinksheet stocks don't file), but calling the CEO (see post #24), may solve that. If he is indeed honest and forthright, he will provide contact information for the TA.
BTW...any bid or ask prices anyone sees are NOT valid. All they are is a best-guess.
Anyone attempting to trade this stock, or any other Pinksheet stock, should call their Broker, ask him to call the Floor Trader for a quote.....then trade on that PPS. (even that quote won't be firm, but it's the best you can get...
PS:.......Hi Karen
I wouldn't say 1$ any time soon then.
See Post #24 gitiman
Aren't there lots of outstanding shares here? Are insiders
also seling some?
good DD SS.
Huricanes would be good for our wind turbines eh?
Life
you bet..
i gues Port charloot really got wet, and blown around, some say here in orlando it was rugged...
i live in NW orlando, clermont... not much damage there thank goodness.. told a friend if there was a tornado, i would
parascail in it,, and he thought i was serious..LOL
Life
Wow, Life, that was a speedy turnaround
ss
thanks for the good thoughts..
just alot of wind and not to much rain lucky
thanks again
Life
lifeswarrior
Hope Charley treated you kindly, and that you are safe and without too many problems.
ss
By: coeurdelion33156
14 Aug 2004, 02:50 PM EDT
Msg. 4 of 5on the Raging Bull board
(This msg. is a reply to 1 by findango.)
I CALLED THE COMPANY, SPOKE TO THE CEO
and asked him that very question. Mr. Telander replied that there were 211 million shares authorized, of which 160 million were restricted shares assigned to the company's founders. Unclear as to how many shares were currently outstanding. As I understood it, there were only 12 million shares presently in the float. He came across as a very intelligent and knowledgeable individual and perfectly willing to answere any questions about the business model for his company. You can reach him at the toll free number below:
U.S. Wind Farming, Inc.
William Telander
Phone: (800) 853-6768
http://cobrand.knobias.com/templates/aware/view/issuerservices.htm
Authorized Shares: 60,000,000
Source: 10QSB ( 10/21/1998 )
Outstanding Shares: 6,811,083
Source: 10QSB ( 10/15/1998 )
This is not current information, but might be somewhere to start looking for the facts concerning authorized and outstanding shares.
glad you got in! I am on and off all day so let me know next time ya need it.
All is OK Secure,
I take these things seriously, just am used to them so don't worry.
karen
Lady Needs. PLEASE.....keep the hatches battened. Charley is not to be messed with.
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