Eligo’s Mark Freidgan interviewed about the rebound of crude oil on Voice of America

“Since 2008, global central banks, including the Federal Reserve, have cut rates over 650 times, which has not spurred any economic growth. In fact, global GDPs are in a decline,” Kalayjian said. “The recent rally is based on false hope of more Quantitative Easing when markets should be moving on solid fundamentals like strong corporate earnings and healthy economic data.”

Mark Friedgan, Co-Founder & CIO of Eligo Energy, is in agreement with Kalayjian. “While QE may have been necessary to preserve the global economy when it began, after more than seven years of various forms of QE worldwide, it must eventually end,” Friedgan said. “The concern I have is that this end to artificial government influence on the economy will result in a day of reckoning for investors who have been chasing yield in both exchange-traded assets and private investment. The economy and markets must prove that they can survive and grow substantially without this government tailwind.”

Watch the video here Quantitative Easing

Eligo CEO talks to The Street about “How to Slash Energy Costs to Save Thousands”

Consider replacing your current light bulbs with LEDs since lighting remains a “significant portion of electricity usage,” said Alexander Goldstein, CEO of Eligo Energy, an energy retailer based in Chicago which provides electricity to residential and commercial customers in deregulated states. Another plus is that LED bulbs are up to ten times as efficient and last up to 50 times longer compared to incandescent bulbs. To boot, they are better for the environment compared to florescent or CFL bulbs. In fact, given that lighting can total 5% to 10% of household energy costs, the average consumer can save $75 to $200 annually by switching over to more efficient bulbs.

Those older model computer monitors or televisions that have the cathode ray tubes (CRT) should also be replaced with the newer liquid crystal-display (LCD) screens, because they use less power.

At home or in your business, examine your current servers for your data and consider “consolidating multiple older servers into new more efficient hardware” or simply using the cloud, he said. Servers are large consumers of power and also emit heat, requiring additional air conditioning to keep them at a very low temperature constantly.

 

Read the full article at Slash Energy Costs

Eligo’s Alexander Goldstein explains “5 Effects Low Gas Prices Have On The Economy”

For months, American drivers have enjoyed near historically low gas prices, with the national average dropping to only $1.89 per gallon.

Even President Barack Obama sees the benefits of low gas prices, commenting “gas under two bucks a gallon ain’t bad,” in last week’s State of the Union speech. Behind the huge drop in gas prices is an even bigger collapse in the price of oil, from more than $100 a barrel in 2014 to just under $30 a barrel this week.

So plan that road trip, America. Gas prices are at historic lows and could even keep declining, which is already having several surprising side effects.

 

 

……

3: It Will Become Easier To Save Money

“Lower gas prices mean that the cost of transportation and heating will be lower,” Alexander Goldstein, founder and CEO of Eligo Energy told The Daily Caller News Foundation. “It is no surprise that consumers will save the money that they aren’t putting into their gas tanks. According to recent studies, Americans saved 5.5 percent of their income in November because they spent less money on utility bills and gas….A fall in oil prices is effectively like a free tax cut.”
U.S. consumers spent $370 billion on gasoline in 2014, meaning a 28 percent price drop is equivalent to a $102 billion tax cut. Low prices at the pump are enormously beneficial to American households who can now use money not spent on gasoline to save more, pay down debt, or buy other goods.

American households are expected to save $700 to $750 at the pump this year, according to analysis by the Energy Information Administration.

Read the full article at Low Gas Prices

FOX News and Eligo’s CEO have “15 Ways to Take Control of Spiraling Energy Costs”

Offices come with their own particular set of energy savings challenges. Maintaining buildings systems and creating the best possible work environment for tenants, all while maximizing energy savings is hardly a simple undertaking. Unfortunately, even the most experienced building and facilities managers can make simple mistakes that lead to unnecessary energy consumption and heightened electrical bills.

To navigate these challenges, we have collected and debunked leading office energy myths, found the top 5 ways to save money on your energy bills and explain the most common mistakes regarding office energy use:

1. Always buy EnergyStar products.

Products with an EnergyStar mark are the most energy efficient and will save you a considerable amount of money in energy costs compared to standard models. So make sure all of the office appliances bear the mark to ensure you don’t miss out on easy savings.

2. Turn the lights off when you leave the room.

Leaving a light on will always consume more energy than turning it on and off, as needed. If the bulb is on, it is using electricity, and if it’s off, it isn’t — it’s as simple as that. A light bulb doesn’t use extra electricity turning itself back on. Instead of leaving a light on in an empty conference room, make it a habit to turn off your lights when not in use. Using natural light during the day time will reduce the amount of energy you use each day.

Continue reading at Energy Costs

Eligo’s Alexander Goldstein talks long term effects of cheap gas in “Might Consumers Ultimately Pay the Price for Cheap Fuel?”

As this graph from the American Automobile Association (AAA) shows, the U.S. average price for a gallon of gasoline has fallen dramatically since the second half of 2014. As of February 8 of this year consumers were paying an average of $1.74 per gallon of gasoline, representing a 44-cent year-on-year decline, according to AAA. Barring any significant supply disruptions, AAA expects the low-price trend to continue for the near term.

A Limited Victory?

“Consumers are definitely the biggest winners when it comes to cheap gasoline,” said Alex Goldstein, founder and CEO of Chicago-based energy retailer Eligo Energy. “They are able to immediately see the difference of lower prices at the pump in their checkbooks and as a result will be more likely to use their savings in other areas of the economy.”

Industries such as manufacturing, agriculture and transportation also benefit from low fuel prices, said David Holt, president of the Consumer Energy Alliance (CEA), which counts representatives of those sectors among its membership.

“Reducing the cost of energy for those sectors of the economy helps their bottom line,” he said.

Continue reading at Cost of Cheap Gas

Eligo CEO explains state-wide alternative energy options in “It’s time for energy deregulation in Michigan”

In the old model of city life, most people only had one choice for utility providers. Whether it was the phone company or the electricity provider, one company had a monopoly. While this removed the requirement to research different providers, it also meant that there was little room for individual choice. If your local utility company offered poor service or high prices, there was little that could be done about it.

Today, energy deregulation varies by state. The majority of states, like Indiana, have completely regulated markets, which means there is only one energy provider. Texas is an example of a deregulated state with a completely open market that allows utility customers to choose from a variety of energy providers.

Continue reading at Michigan Deregulation

Alexander Goldstein, Richard Branson, and Google on success in Fortune Business

What Google and Richard Branson Can Teach Us About Success

Continue reading at http://fortune.com/2015/12/27/google-richard-branson-success/

Eligo’s Mark Friedgan talks commodity bubble in “Oil Glut 2016: Is A Financial Crisis Lurking In The Hobbled Energy Market?”

When the largest American banks reported earnings last month, analysts peppered executives with questions over the lenders’ exposure to the energy sector. Wells Fargo & Co. reported stashing $1.2 billion in reserves to cover potential losses in $17 billion in loans. JPMorgan Chase & Co. set aside $124 million for exposure to the oil and gas space, which chief financial officer Marianne Lake called “the biggest area of stress.”

It’s not just the bank loans, however, that could snap and sting the financial system. Regulators have recently sounded alarms over the increasing share of risky lending carried out by nonbanks, or so-called shadow lenders. In a recent report, the Treasury Department’s Office of Financial Research noted that two-thirds of the highest-risk loans — those with greater-than-average leverage in comparison with company assets — were held by nonbanks.

“We don’t know how deep the hole goes in terms of leverage,” said Mark Friedgan, investor and co-founder of Chicago retail energy supplier Eligo Energy.

Still, despite the buildup of risky assets in shady corners of the financial world, today’s energy market woes don’t line up perfectly with the subprime-mortgage crisis of 2007-08, which was triggered by the collapse in housing prices. U.S. household debt in 2007 totaled $10.5 trillion, more than four times the $2.5 trillion currently locked up in oil and gas debts.

 

Read the full article at http://www.ibtimes.com/oil-glut-2016-financial-crisis-lurking-hobbled-energy-market-2289326

Eligo has more tips for the Easter holiday in “6 simple tips to help you get through the holidays without spending a fortune on energy”

If you have family coming into town, are putting Christmas lights up on your house, or live in a place that’s cold, your energy bill might be heading toward the perfect storm this month. But Mark Friedgan, COO and co-founder of Eligo Energy, has some tips to make your holiday season energy efficient and cost effective.

1. Throw away those old holiday lights.

If you are still using incandescent light bulbs to decorate your home, you should probably go out and get yourself some LED lights.

“LED bulbs have gotten better and cheaper,’’ Friedgan said. “It makes sense to get new strings with LEDs. You can get much fancier lights that have smart controllers so lights aren’t just on because of a timer. It can make a significant difference.’’

2. Ask for energy efficient holiday gifts.

“Ask for something like a NEST thermostat or a smart sprinkler controller that knows what the weather is and what the forecast is so they can control systems in your house,’’ Friedgan said.

Installing new systems like these can reduce energy consumption, especially when you aren’t home, or even use energy at cheaper times (rates can fluctuate weekly or even daily), therefore lowering the cost of your bill each month.

3. Make sure things go back to normal once your guests leave.

If you have family or friends staying with you this holiday season, they might be using rooms in your house that normally don’t get much foot traffic.

“You will probably reprogram the thermostat or open up vents in those rooms,’’ Friedgan said. “We forget to set that stuff back [once the guests leave].’’ This can end up being very costly and alter your normal bill, wasting energy in rooms people no longer inhabit. So “put things back the way they were before the holidays,’’ he suggests.

– See more at: http://realestate.boston.com/news/2015/12/11/6-simple-tips-to-help-you-get-through-the-holidays-without-spending-a-fortune-on-energy/#sthash.9cvBnbhb.bvbjJ2p7.dpuf

Continue reading at http://realestate.boston.com/news/2015/12/11/6-simple-tips-to-help-you-get-through-the-holidays-without-spending-a-fortune-on-energy/

Aspiring business owners can learn from CEO Alexander Goldstein in “15 Important Startup Lessons for New Entrepreneurs”

No matter how much industry experience you have, you won’t know everything there is to know about running a business the moment you launch your first startup. There’s a pretty steep learning curve, and odds are you’ll find yourself saying, “I wish someone had told me that,” at least a few times along the way.

If you want to prepare yourself for some of the more difficult and unexpected challenges of entrepreneurship, it’s crucial to listen to the experiences of those who have been in your shoes before. Fifteen CEOs of new and existing companies reflect on what they’ve learned, and impart their best lessons to aspiring startup founders.

Define and focus on your niche. “Looking back at 2015, we stopped chasing extravagant customer deals and focused more on our core customer base of small and medium-sized businesses. These are the customers that get duped by some of our competitors and the ones we know we can help the most.” – Alexander Goldstein, CEO of Eligo Energy

Continue reading at http://www.businessnewsdaily.com/8741-new-founder-startup-lessons.html