Burns FosterBurns Foster


Africa: Conquering the Night

The first-ever Africa Photovoltaic Solar Energy Conference and Exhibition (AfricaPVSEC) kicks off this coming March, aimed at meeting rapidly growing energy demand. Africa is the second-largest continent in the world, with a billion-person population and huge landmass that trails behind only Asia. But a majority of the resident population has little to no access to...

When Growth Doesn’t Matter

During the State of the Union (SOTU) address on January 28, President Obama praised the solar industry for adding 21% more jobs from September 2012 to September 2013 – bringing total U.S. solar industry employment to 142,698. Not only did the employment rates in the solar industry shoot up 20% (10 times faster than the national average...

Will Inter-Dealings Annihilate this 905% Upside?

Sanchez Energy (SN) is crushing goals left and right. For the fourth quarter, the company increased production by a whopping 905% year-over-year. And with an additional $640 million in capital from efforts in the Eagle Ford Shale, Sanchez could double its new production rate in 2014. A small-cap star, Sanchez has begun purchasing bolt-on acreage...

Natural Gas Catapults Higher in 2014

In case you hadn’t noticed, we’re pretty bullish on natural gas. And we spend a lot of time analyzing the market here at Oil & Energy Daily. Recently, there has been a massive surge in at-home natural gas resources in the United States. Today’s infographic, courtesy of Visual Capitalist, takes a short look at some...

Acquisition Envy… or Regret?

Renewable Energy Group, Inc. (REGI) acquired renewable chemical technology developer LS9, Inc. for $61.5 million this week. This officially enters REGI into the realm of industrial biotech – a renewable chemicals platform the North American biodiesel producer has been yearning to infiltrate. This is the second acquisition in just over a month for REGI, which...

Why the Shipping Industry Loves Global Warming

Ice in the Arctic has shrunk by about two-thirds over three decades. And moguls in the oil and energy sector are greeting this aquatic transformation with arms wide open. After all, one-tenth of the world’s undiscovered oil – and close to a third of its undiscovered gas – is thought to lie under Arctic waters....

Wind Whips Subsidies into Shape

Last month, Investment Director Karim Rahemtulla wrote about the effect of wind subsidies on wind investment. But what are these wind subsidies and how exactly have they worked in the lifespan of alternative energy? The tax credit in 2013 for all U.S. wind projects was worth about $2 billion. That means wind farms – both...

How Many Megawatts of Wind Power Does Each American Need?

Wind power now supplies more than 4% of the country’s electricity. At about 60,000 megawatts, there’s enough wind energy capacity to power 15.2 million U.S. homes, a more than twenty-fold increase since 2000. It’s still tiny compared to fossil fuel: Combined, coal and natural gas supply roughly two-thirds of U.S. electricity. But after writing about wind subsidies...

Is the World About to Experience a Solar Sea Change?

The numbers are in: $13 billion was invested in solar projects in 2013 – a tantalizing 10-fold increase since 2007. And, as proof that a rising tide lifts all boats, shares of residential solar king, SolarCity (SCTY), have increased over 350%… As Wall Street hungrily profits from the uptick in solar stocks, a question remains…...

American Energy Basics

It’s nice to ease into the week with a refresher in energy basics. Our infographic this Monday lays out American energy consumption pretty clearly, so I’m not going to clutter it with a bunch of talk. Here are just a few takeaways: 1. America Generates the Electricity. As you can see, the majority of all...