Alternative Energy Stocks: Their Time Has Come
Though we certainly have a long way to go, most will agree that the economy is looking up. Just a few weeks ago, Jeffery wrote about positive signs in the real estate market.
In this article, I’d like to share with you my optimism on alternative energy stocks.
Both legislative and public sentiment has shifted. Alternative energy is “in.”
1. People like the idea of not being at the mercy of companies like Exxon-Mobil and the like for their energy needs. When it cost over $100 dollars to fill up your SUV every week, you start believing in alternative energy. For a few quarters of excessive profits, oil companies will pay dearly.
2. Obama is definitive in his support, both verbally, and with lots of cash. Some of his goals : supplying 10% of all electricity used in the US with alternative energies by 2012, and reducing greenhouse gas emissions 80% by 2050.
3. The success of products such as solar panels, windmills, and the Prius is snowballing.
4. Much as many will never admit in the USA – global warming is a given. Ask the polar bears.
Here’s some great reading – should you be inclined. As always, buy stocks only after extensive research.
To all of us Treehuggers: We have climbed the mountain. Let’s enjoy the view.
If anyone has any input on alternative energy, that would be great.