A Spanish firm is seeking credit protection. Named, Abengoa , if it goes under , it will be Spain’s largest bankruptcy ever. During the heady days of Spain’s economic expansion and easy loans this energy company expanded madly ——and now can’t pay the bills. It was in renewables and transmission around the world. Like most easy money, overblown energy alternatives coupled with cheap loans , it finally came back to earth.
A company in the US saw it ‘s stock go down after it discovered at lot more shale natural gas . The US is awash in the stuff and this Utica Shale seems more plentiful and cheaper than the other competing shale regions around the country . Wow! Those peak fossil fuel people must have perpetual red face these days. How quiet they have been !
And our Princeling tells BBC that his name did not help him in the election. Could have fooled me.