Excerpt: For years investors were willing to pay more for shares of natural gas utilities compared to electric ones. That’s no longer the case.In the past few days, electric utility valuations blew past those for gas, a sign that investor confidence in the future of fossil fuels has reached a tipping point. With climate advocates pushing to eliminate natural gas from homes and businesses and lawmakers from New York to California taking a stand against greenhouse gas emissions, pipeline developers are facing an uncertain future.“Right now, anyway you look at it, natural gas is not seen as something that is very friendly,” says Shahriar Pourreza, an analyst at Guggenheim Securities LLC.
A collection of ideas, letters, opinions, and inspiration. On freedom, on Generation X, modern society, the ethereal dance of the unconquered mind (ok, that's the name of a photo exhibit in San Jose, but it's nifty sounding), the Democratic Party, how much rock and roll and the web will fuel activism, things worth chronicling, things we can improve, and the future.
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