Crude oil futures rose above $71 a barrel after China set new refining records and announced a big increase in November oil imports, Bloomberg reports . The IEA sees a rebound in Chinese demand and ups its forecast of 2010 oil demand, in the WSJ.
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General Electric boss Jeff Immelt is among the folks hoping the big climate confab in Copenhagen produces an accord that drives demand for his company’s clean-energy gear. But he doesn’t have to wait that long— GE just announced a $1.4 billion wind-turbine order for a huge wind farm in Oregon. The farm, partly financed by GE Financial Services, will be developed by Caithness Energy to provide power for Southern California Edison Cracks are starting to appear in the wind-power business: Spain’s Gamesa hinted yesterday ahead of its annual meeting that some customers are delaying orders for new turbines due to trouble landing financing. Not smooth sailing yet (AP) Gamesa, one of the world’s top-three turbine makers, seems to be backing off projections for 2009 orders it made just two weeks ago. From Bloomberg : “We have had delays on orders,” [chairman and chief executive Guillermo] Ulacia said. |
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