‘Obama Effect’ On Clean Energy Will Be Short Lived
Nov 5th, 2008 | By Irwin Greenstein | Category: Oil Investment & Alternative EnergyThe election last night of Barack Obama to the White House has many green investors cheering, but their elation may be short-lived. For one, the ROI of alternative energy is still pegged to the price of fossil fuels. Second, environmentalists may find themselves at cross-purposes with one faction leading the charge for a greener grid while the other seeks to protect endangered species and offshore territory from solar arrays and wind farms.