Some people thought we were crazy when we put a giant wind turbine on top of a floating spar structure and towed it out to sea. But it turned out to be the future, and the future is now. This year we made a giant leap forward as we installed and started producing electricity from the world’s first floating wind farm. The 30 MW Hywind Scotland pilot park will demonstrate the feasibility of future commercial floating wind farms that could be more than four times the size. This will further increase the global market potential for offshore wind energy, contributing to realising Statoil’s ambition of profitable growth in renewable energy and other low-carbon solutions. Here is a direct video link.
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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Danielle’s Book
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“An explosive critique about the investment industry: provocative and well worth reading.”
Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.”
Money Sense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate while cutting through the clutter of information she knows every investor faces.”
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