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Leonard Hyman & William Tilles

Contributor since: 08 Dec 2015

Leonard Hyman & William Tilles

Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and has provided advice on industry organization, regulation, privatization, risk management  and finance to  investment bankers,  governments and private firms, including one effort to place nuclear fusion reactors on the moon. He is a Chartered Financial Analyst and author, co-author or editor of six books including  America’s Electric Utilities: Past, Present and Future and  Energy Risk Management: A Primer for the Utility Industry. 

You can find Leonard Hyman's lastest book Electricity Acts on Amazon 


William I. Tilles is a senior industry advisor and speaker on energy and finance. After starting his career at a bond rating agency, he turned to equities and headed utility equity research at two major brokerage houses and then became a portfolio manager investing in long/short global utility equities. For a time he ran the largest long/short utilities equity book in the world. Before going into finance, Mr. Tilles taught political science .

Latest articles from Leonard Hyman & William Tilles

  • Why Oil Companies Can’t Replace Oil Profits With Renewable Profits

    Published 19 January 2021 | viewed 8,815 times

    Last week we argued in Oilprice.com (“Can Renewables Become As Profitable As Oil and Gas?”, January 5, 2021) that oil companies could not maintain their…

  • Brexit Creates Major Problem For UK Energy Companies

    Published 07 January 2021 | viewed 3,890 times

    In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with excess…

  • Can Renewables Become As Profitable As Oil And Gas?

    Published 05 January 2021 | viewed 9,454 times

    Here’s the question for oil industry investors. Can oil companies scale up clean energy enterprises to replace business lost from a decline in fossil fuel…

  • Upheaval In Big Oil’s Board Rooms

    Published 14 December 2020 | viewed 6,356 times

    A bevy of Royal Dutch Shell’s top clean energy executives picked up and resigned from the energy giant. They quit shortly before Shell was scheduled…

  • Decarbonizing U.S. Utilities: The Money Talks

    Published 03 December 2020 | viewed 1,773 times

    If policy makers in Washington wanted to hasten the demise of coal fired electric generating stations, they could not have done a better job. What…

  • How Fast Will The Electric Industry Exit Coal?

    Published 17 November 2020 | viewed 9,812 times

    What do Siemens, General Electric and Toshiba have in common— other than the obvious: they are global manufacturers of electrical equipment? The answer is that…

  • Why U.S. Politics Don’t Impact Energy

    Published 07 November 2020 | viewed 7,218 times

    Let’s assume a likely so called political gridlock scenario in Washington DC with a Biden Presidency and Republican control of the Senate. Conventional Wall Street…

  • Oil Poised To Rebound, But What About The Long Term?

    Published 20 October 2020 | viewed 10,527 times

    Oil bulls predict demand for oil will snap back quickly as global economic conditions improve. The International Energy Agency (IEA), on the other hand, expects…

  • Will Clean Energy Policies Actually Create More Jobs?

    Published 30 September 2020 | viewed 2,082 times

    Here’s the claim. The Green New Deal and all those other supposedly anti-fossil fuel policies will destroy jobs. One Fox News report claimed 3.4 million…

  • CFTC Report: Financial Markets Under Threat From Climate Change

    Published 14 September 2020 | viewed 1,352 times

    When an advisory panel chartered by the Commodities Futures Trading Commission (CFTC), one of the Trump administration’s regulatory agencies, warns, unanimously, that climate change threatens…

  • Are U.S. Utilities About To Become Politicized?

    Published 22 August 2020 | viewed 2,839 times

    The is some big spending ahead for electric utilities. More than the politicians and policymakers expect. Electric utilities have to decarbonize and modernize. Even if…

  • The Secret To Successfully Closing Down Coal Plants

    Published 15 August 2020 | viewed 3,840 times

    Close down coal-fired power stations. Do not replace them with gas-fired electricity. That would reduce greenhouse gas emissions in the USA by 15 percent. That’s…

  • Biden Can’t Save U.S. Coal, But He Can Help The Miners

    Published 03 August 2020 | viewed 11,343 times

    Margaret Thatcher hated the UK’s coal miners and especially their union. A series of brutal strikes divided the nation during her regime. But when the…

  • British Regulator Threatens To Slash Profitability Of Utilities

    Published 18 July 2020 | viewed 10,292 times

    Ofgem, the UK’s energy regulator, characterized in the past as “feeble” and “toothless”, now has threatened in a recent proposal to halve the profitability of…

  • Why Power Companies Can’t Ditch Coal Just Yet

    Published 01 July 2020 | viewed 15,009 times

    We’ve always had difficulty understanding why US electric companies have not simply closed down old, smaller and least efficient coal-fired power plants quickly. From a…

  • How Viable Are Net Zero Strategies For Energy Companies?

    Published 25 June 2020 | viewed 24,221 times

    This sounds like the old motto of the 1859 Colorado gold rush, “Pike’s Peak or Bust!” But regardless of potential riches, “Net Zero by 2050”…

  • Why The $17.5 Billion Write-Down Is Just The Beginning For BP

    Published 17 June 2020 | viewed 45,156 times

    BP, the British oil company, announced this week it would reduce the value of its oil and gas assets by $17.5 billion. Even though this…

  • Is Shell’s Dividend Cut Permanent?

    Published 09 June 2020 | viewed 41,163 times

    Investors were more than annoyed when Royal Dutch Shell slashed its dividend by two thirds. Just last year, the giant oil company announced its plan…

  • Breaking Down Biden's Energy Policy

    Published 02 June 2020 | viewed 15,772 times

    The Trump administration’s energy policy, as we consider the two candidates for our nation’s highest office, has been very clear. It rests on three conceptual…

  • 3 Reasons Big Finance Is Bailing On Fossil Fuels

    Published 19 May 2020 | viewed 16,384 times

    When two of the biggest beneficiaries of fossil fuels abandon the cause is that an omen? Start with Norway’s sovereign wealth fund, the biggest in…

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