The European Union has been hammered by the global recession that began in 2008. The recession has bit particularly hard into the EU’s newest members, the Central and Eastern European nations that were either under soviet hegemony or worse, part of the Evil Empire (Estonia, Latvia and Lithuania.) So, where are investors to make a euro in such uncertainty? Well, for astute investors looking at renewable energy in the EU, one of the hottest bets right now is – Romania. Yes, THAT Romania, beloved of Hollywood for Dracula films, more recently…

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Record demand for liquefied natural gas (LNG) has created a huge new global industry for the vessels that carry the fuel. And that has created huge profits for the biggest LNG ocean tankers. Their day rates have skyrocketed… as much 2 to 3 times greater today than they were just 1-2 years ago. In fact, LNG (which is now shipped around the globe) has suddenly become the most profitable sector in the global shipping industry. It marks a sweeping turnaround from the latter part of the last decade, when the industry practically bottomed out. At that…

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Greece’s economic problems are well documented around the world, and a major contributor to the economic troubles experienced throughout Europe.  Greece must find a way to reduce their deficit if they have any hope of economic recovery. Several years ago some basic geological surveys were made in the western seas around Greece to determine the potential for gas and oil reserves. Currently Athens spends between €10 and €20 billion ($13.3-$16 billion) on oil imports each year, this equals about 5% of its GDP. The energy ministry…

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