Of all the people you might expect to spearhead a movement away from oil and onto alternative energy, T. Boone Pickens probably wouldn’t be at the top of the list.
Resource legend tips his hat to three soon-to-bubble sectors… The housing market has “bottomed out” says PNC… our gentle retort… Alan Knuckman with an economic indicator far superior to unemployment: chicken sales… Our panel of “whiskey shooters” on the worst-case scnerio… how to get out of Dodge if the dollar collapses… Britian now REALLY in crisis… recession, taxes cause wave of pub shutdowns…
It is high time for our political leaders to make some key decisions. And that translates into large uncertainties for investors that have held the market in a range and with low volume. We do not know whether “Cap and Trade” legislation will pass the Senate and we do not know whether and any healthcare bill will pass through Congress, or what that bill might entail. And these two issues are paramount for the future of America.
The other day I had lunch with a “brain trust,” of sorts. Participants included a retired executive from an aerospace company. This guy helped design and build many of the reconnaissance satellites that the U.S. has launched. There was a senior executive from a large steel company. There was a venture capitalist who made his first $500 million in the software industry, and who now has much of that wealth spread around in biotech and nanotech startups. There was a former senior political appointee who worked in the Treasury Department. And then there was me.
Alternative-energy investments are hot. But is the reward worth the risk? If a report released earlier this week is anywhere close to accurate, the answer is a solid no. It could be a decade until we see any solid growth.
Riding on the Go-Green trend, wind farms are developing quickly and there is opportunity for major expansion. David Fessler of Investment U points out three companies that hold potential profit in the near future.
Trina Solar is recognized as a solar pioneer since it was founded in 1997. Their products provide reliable and environmentally-friendly electric power and their fourth quater revenues are about to beat expectations.
A new report by the electricity industry suggests that the construction of a new nationwide grid to support alternative energy could cost up to $100 billion, throwing another roadblock in the path of investors seeking profits from the Obama mandate.
From our little corner of the world we’ve been warning investors off green energy for months, but the mighty New York Times has finally reached the same conclusion.
It appears that Big Media is finally catching on to President Obama’s alternative-energy ruse, underscoring our ongoing argument that short-term profits in green energy are elusive at best.