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Friday, December 12, 2014 9:47:15 AM
-- All the projects you cited probably were initiated before June when the price of oil peaked at $107 and there was a lot of concern there there may be supply disruptions due to geopolitical concerns.
-- The price of brent crude oil just dipped below $63 and there is little concern regarding supply disruptions. We are living in a different economic reality today (until it changes again which it inevitably will).
-- Having said that, we should keep in mind that oil is generally not used to generate electricity. GKG usually competes more with local food crops, other energy crops, natural gas, LNG, propane, coal and even solar. Natural gas prices are set locally. Solar costs have been steadily declining. LNG and propane do decline along with oil prices. Lower oil prices will put some pricing pressure on gas prices. Countries do want to move away from coal because of their carbon emissions. However, there is a growing market for pellets to mix in with coal.
The bottom line is that I do believe there are still opportunities for GKG based on its unique combination of high energy output and applications for animal feed, land remediation and perhaps for bioplastics (long-term possibility), but the competitive environment is becoming tougher.
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