- Oil’s heading to $95 today after reports show U.S. crude supplies rising and global economic growth slowing. Last night the World Bank announced that it scaled back its expectations for global economic growth to 2.2 percent, from a previous 2.4 percent.
- First Solar (NASDAQ:FSLR) has announced a price of $46.00 a share for hits public offering of 8.5 million shares. The thin-film solar manufacturer is down about 2 percent in pre-market.
- Looking for yet another way to profit from the domestic natural gas boom? Look no further than the dismantling of California’s nuclear power plants. With the decommissioning of the San Onofre plant, natural gas imports to the Golden State are about to increase dramatically and the Monterey Shale in California just got another vote of confidence to get fracked. Check out this latest edition of the Modern Energy Report for more.
