Summary:

OPEC Cuts and Prays, Market Doesn’t Buy It: After OPEC said it would cut output by 2.2 million barrels per day, oil prices fell. Why? The market doesn’t believe under-pressure governments will comply with revised quotas. — WSJ’s Environmental Capital EU Automakers Speeding Past U.S. in […]

OPEC Cuts and Prays, Market Doesn’t Buy It: After OPEC said it would cut output by 2.2 million barrels per day, oil prices fell. Why? The market doesn’t believe under-pressure governments will comply with revised quotas. — WSJ’s Environmental Capital

EU Automakers Speeding Past U.S. in EV Race: Longstanding high energy costs, strong desire to reduce reliance on foreign oil, and absolute commitment to shrinking carbon footprint gives Europe an early lead in the race to deliver electric cars. — CNET

Wind on Demand: Ontario and several U.S. states are taking a closer look at compressed-air storage as a way to supply the electric grid with wind power when it’s needed. — Toronto Star

Currency Switch to Help Solar?: With sales denominated largely in Euros, the strengthening U.S. dollar has created drag for solar stocks this year. If the dollar starts to sink, the exchange rate could become a tailwind for First Solar, SunPower and Chinese solar companies. — Barron’s Tech Trader Daily

Greens, Business Sparring Over Columbia River Span: President-elect Barack Obama’s pledge to invest in infrastructure has sparked new interest in a $4 billion bridge-improvement project that could reduce traffic congestion between Oregon and Washington. Environmental advocates staunchly oppose the project. — NYT’s Green Inc.

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