That welcome downtrend in gas prices got pretty sharply reversed in my area (near Chicago)
Due to drought affecting hyrdo-electric generation and low coal supplies, China is facing significant electricity shortages this summer. Companies are responding by using diesel generators and increasing oil imports to China. I'm guessing to Japan is as well given their electricity issues.
Even though US production from shale looks very positive, and Cushing, OK supplies have been called a glut, the worldwide market is mitigating these seemingly good circumstances.
So much for that OPEC production increase (officially at least) Seems that some (more and more?) members don't have spare capacity, so they oppose an increase as it will only reduce their income. CNBC types claim there is unusual discord this time. Of course if high prices lead to recession, we know the price can drop much more that they imagined. Always the battle between "high prices being the cure for high prices" and "peak oil."
Yes, I have been reading about the China electric shortages. It is a good thing that EMKR will have a large CPV plant opening in China with a multi-bill JV partner sometime Sept and Oct of this year. The plant will be in 3 phases going to 1000MW. Oh, EMKR is in the optical business to; they are getting ready to go way north from $2.40ish.
ZBB's zess500 would be a great combo out in the China deserts were CPV is the best tech for that environment. ZBB is so cheap it is laughable bought more now I have trading shares:)While your at it buy AXTI because the supply raw material and substrates for CPV and smartphones.
buy the triple play during the dog days of summer!! Pay out in 2012.