Headquartered in The Woodlands, Texas, Biofuels Power Corp.’s mission is to introduce renewable fuels for North America power and reduce the nation’s dependence on foreign oil. Trading on the OTCBB, the company is the first in the biofuels power sector. This involves generating grid power from biodiesel and renewable gas. Incorporated in 2004, Biofuels Power Corporation is the first company to enter the U.S. power grid with 100 percent biofuels made from waste oils. They do not use corn and they do not remove edible vegetable oils from the food chain.

Biofuels Power Corp. gets fat from animal renderers (chicken, beef, and pork) and waste feedstock from vegetable oil processors. The company then processes the feedstock into spec fuel for their power plant. They have a laboratory with technicians that evaluate each feedstock and provide a recipe that will make a high-quality fuel.

Biofuels Power developed the nation’s first grid-connected biodiesel powered

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Every month, I write a guest column for SFO Magazine's web site.

This month's column discusses the rapid pace at which the economy has deteriorated. I also provide strategies for investing in the current market environment. Highlighted stocks include Citigroup (C) and Centerpoint Energy (CNP).

"C" Free Stock Analysis: Buy? Sell? Hold?"CNP" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

J.M. Smucker (SJM) and Centerpoint Energy (CNP) were supposed to be "safe" picks for the portfolio. After all, SJM was a food company and more than half of CNP's earnings came from operating an electric utility.

On Wednesday, both stocks fell in reaction to disappointing guidance. We promptly removed both stocks as a result. The holding period for these so-called safe picks was less than 2 months.

SJM fell victim to the ongoing peanut scare. Though the company has stated that its products were not tainted, jars of Jif are not moving.

CNP blamed slowing growth and lower energy usage by customers for crimping fourth-quarter income and 2009 guidance.

On the flip side, banking stocks surged Thursday morning on the prospect that they won't be nationalized. Yet, some of these companies have been the victims of very bad decisions by management.

When times were good, Citigroup (C)

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