Solar Power Just Hit a Federal Price Target Three Years Early – Here’s Where it’s Going Next

by | published September 22nd, 2017

Back in 2011, the U.S. Department of Energy (DOE) began something called The SunShot Initiative. The intent was to set 2020 and 2030 targets making solar power more affordable in three categories: utility-scale generation, commercial, and residential.  

Well, the DOE recently announced that we hit the 2020 goal for utility generation… three years early.

Now, these goals don’t take subsidies into account. It’s the actual technology that’s getting more and more cost-effective.

In other words, solar power is quickly maturing.

Here’s where it’s going next

This Huge Texas Oil Fraud Scandal Could Happen Again – Here’s How

by | published September 20th, 2017

As you know, everything is bigger in Texas – ranches, oil fortunes, trucks, you name it.

But there’s a certain court case that’s getting to be a really big thing… even by Texan standards.

Last week in San Antonio, Texas State Senator Carlos Uresti testified in a bankruptcy hearing. The process follows from the 2015 insolvency of FourWinds Logistics.

The company’s former CEO, a consultant to management, and Uresti himself have been charged in a separate criminal case alleging investor fraud.

For his part, the senator has been indicted by a federal grand jury in San Antonio on no less than 11 counts, including wire fraud, money laundering, securities fraud, and engagement in monetary transactions with property from specified unlawful activity.

If found guilty on all 11 counts, he could get some 200 years in prison. Unlike most of the company folks, he has entered a “not guilty” plea.

Uresti worked as an advisor to FourWinds. According to the charges, his function was to attract investors in exchange for a share of the resulting proceeds.

That case is going to trial next month.

But in his testimony in the bankruptcy proceedings last Tuesday, Uresti acknowledged that FourWinds “might have been a Ponzi scheme.”

Right, and Irma might have been a hurricane…

The thing is, this alleged Ponzi scheme operated right in the middle of the American “shale revolution.”

And it could be happening again, right now