October 1, 2008 – The renewable energy sector has sold off lately amidst the broader market selloff, but aided by the failure of Congress to pass key legislation this week on the renewable tax credit extensions. That the tax credits will get renewed seems to us to be pretty much a sure thing. Congress has reached an agreement on the tax credits, but now there is just a debate between the House and the Senate how to pay for them. Adding to the delay, no doubt, is the focus that is being paid to the financial crisis bailout bill. In any case, failure to get the legislation passed has exacerbated weakness for renewable energy and clean tech stocks – but we see this as a significant opportunity to buy quality companies, that are extremely well positioned in a global renewable energy economy for the next 20 to 30 years. Perhaps ...

The price of crude oil has fallen to a seven month low. A new report by the International Atomic Energy Agency says that Iran has substantially improved its nuclear enrichment facilities whilst continuing to stall a UN investigation. France's Total is in talks with state-run Kazakh oil producer KazMunaiGaz over Eni’s position as operator of the Kashagan field. The economic crisis is having a particularly damaging effect on the renewable energy sector.

Intrepid Technology and Resources, Inc. (OTCBB: ITRP) announced the completion of the first full week of sustained product deliveries and revenues. Intrepid is a biofuel renewable and alternative energy development and operating company that works together with their subsidiaries in the United States. The company engages in projects in the biofuels production and distribution area of the renewable energy sector. Their focus is on the production of biofuels, such as biogas, biodiesel, ethanol, and hydrogen, as produced from biomass.

Commenting on the company’s accomplishment was CEO Jack Haffey, “It has taken a long time and has understandably taxed the patience of our shareholders, but we are very pleased and excited to report that we have just completed our first week of combined uninterrupted deliveries of high quality gas and horticultural fiber to our customers — and, importantly, our first full week of revenue generation.

“What makes this

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