On Wednesday, a number of stories came out claiming that the new White House stance on emissions lifted renewable energy stocks.
What a crock!
If you believe that one, there's a shiny bridge here in Baltimore I'd like to sell you.
Joking aside, I do suspect a lot of investors did fall for it.
In fact, I received a number of e-mails from readers asking if they should load up the boat based on President Bush's call for greenhouse gas caps.
Folks, if there's ever a reason to invest in renewable energy, Bush's announcement is not it!
I'm not saying public announcements from Washington can't move these stocks. Remember the famous "addicted to oil" speech? We swam in some serious profits for months as that quote rippled across the media pond.
But this latest Rose Garden tea party speech delivered nothing more than the same old stall tactics and empty promises.
No matter how you slice it, this is just another attempt by the Bush administration to slow progress.
And that, my friends, does not add long-term value to renewable energy stocks.
Fortunately, the basic fundamentals of supply and demand do. And that's why we continue to make money in this sector.
Renewable Energy Stocks: From Problems to Profits
The great thing about investing in renewable energy is that the marketplace, not Washington, continues to dictate our success.
Certainly any positive renewable energy legislation does add support. Just look at California's Solar Roofs Bill that, once signed into law, pushed solar manufacturing and solar installation stocks through the roof.
No pun intended
But overall, it's the overwhelming value of the renewable energy industry that allows the market to enable its unprecedented growth.
And investors looking to profit from renewables must focus more on that, than hype from Washington.
In fact, if you dissect Bush's speech on Wednesday, you can clearly see that his intentions actually lack support for real climate change solutions, and of course, renewable energy.
· The President has called for reducing reliance on gasoline by developing hydrogen-fuel engines for cars. I guess he didn't get the memo that while they continue to pour billions into hydrogen research for a "solution" that will take additional billions to build an infrastructure, a REAL solution already exists. It's called the Plug-In Hybrid Electric Vehicle. The infrastructure exists now. The vehicles exist now. The technology exists now!
· The President claimed that we must cooperate with other countries on climate change, yet decided against sending a participant to a major 60-country renewable energy meeting in Berlin last week. Talk is cheap, my friends. Especially when your silence is worth billions!
· The President spoke boldly about cutting emissions, yet his administration has pretty much put the kibosh on climate decisions made within the EPA. Conflict of interest? Not when Big Oil's paying the tab!
Still, the President claims that his proposal is a realistic intermediate goal.
What that is, however, no one seems to know.
Including Dubya!Meanwhile, the Big Oil machine that got him, and kept him employed for the past 7 ½ years (using the taxpayers as their patsies), continues to get all those wonderful tax breaks.
But if you're ok with this level of complacency—don't get too comfortable.
The Future Of Renewable Energy
The overall global consensus is that once the Bush administration is gone, the U.S. will finally move forward on REAL climate change solutions and REAL renewable energy integration.
John McCain, Hilary Clinton and Barak Obama all have expressed an interest in moving the U.S. from "problem" status to "solution" status when it comes to this stuff.
Here's why...
· In a 2007 U.S. survey conducted by CNN, 66% of the respondents said that they believe the U.S. should do what it can to reduce global warming, even if other nations ignore it.
· A 2007 poll conducted by the New York Times and CBS News found that 90% of Democrats, 80% of independents and 60% of Republicans believe that immediate action was required to curb the warming of the atmosphere and deal with its effects on the global climate. Respondents also expressed little confidence in President Bush's handling of environmental or energy issues.
· According to a 2007 national survey conducted by Yale University and Gallup, "a growing number of Americans consider global warming an important threat that calls for drastic actions, and 40% say that a presidential candidate's position on the issue will strongly influence how they vote."
Whether they personally believe in renewable energy or not, they want the job...and they want to keep the job. So they'll deliver.
It's going to happen.
And that's why we continue to invest in, and profit from renewable energy stocks.
Because once the old guard is out, you're going to see renewable energy stocks soar even higher than they've already soared with the Bush administration setting up road blocks every step of the way.
The key to making money, however—is getting in now, and riding the momentum to the top.
And anyone who doesn't believe this is going to miss out on the greatest investment opportunity of the 21st Century.
Mark my words!
To a new way of life, and a new generation of wealth...
Jeff
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Do U think this practice will stop soon?
Dee, from AZ
I am a retired mathematician with experience in computer modelling and no links to any fossil fuel industry or any other industry. I have read and studied the latest IPCC Report, which is actually more about computer modelling of climate than about the science, and can state with an extremely high level of certainty that it grossly overstates the impact of man-made greenhouse gases on climate and understates the natural drivers. I can go into any amount of detail if you want me to.
There are excellent reasons for developing alternative energies, from peak oil to pollution, in fact everything EXCEPT atmospheric CO2.
Scientists and others around the world are saying the same thing as me in various different ways, yet all you hear in the media is that "the science is in".
The next N Hemisphere winter is shaping up to be another cold one, in spite of the build-up of CO2. That could and should be enough to collapse the Global Warming scare, just like increasing temperatures collapsed the global cooling scare of the 1970's. You would think we would learn!!
So my basic message for investors would be to invest in energy that makes economic sense WITHOUT any carbon taxes, carbon trading, etc.
Carbon Dioxide abatement stratagies may sell in the short term but people are going to be very unhappy with the huge costs, especially when they realize that they have no effect on our climate.
Climate modification has long been promoted by those without any scientific training or knowledge.
If you cannot do better than you have on renewables, global warming, and gratuitous bashing of the President, PLEASE REMOVE MY NAME FROM YOUR MAILING LIST.
There is NO proof of mankind causing Global warming,the most recent quote being from a consensus by "scientists",an opinion, not factual scientific proof.If we suddenly had a consensus that diamonds are red, that would in itself not change the diamond.There is money to be made in altenergy solely due to subsidization, by our country and others(this includes your hated Bush administration).The large oil corps are buying back their stock rather than investing in new discoveries because they also hear the rheteric and expect the future govt to steal their profits from them with unfair taxation.They put little in altenergy due to their many years of looking for the best opportunities to invest. Altenergy ain't it, at least not yet. When it is profitable, entrepreneurs will flood in and supply the need not from goodwill, but from their profit motive.
You speak of hype from Washington-what of the disingenuous hype from Wall Street investment wonks?
Hybrid cars? Sure, a very short term band aid. We do not have enough generating capacity to recharge a nation of hybrid vehicles. Or do we believe that electricity is an eternal commodity ?!
Want to promote something REALLY green ? Remember in the third grade when you were taught that foliage transforms carbon dioxide into oxygen.... it still holds true, and is more than ever necessary. So lets stop deforestation in South America, and we can breathe easier. Oh, sorry, is it politically incorrect to pick on the South Americans?
I know, no easy answers, its all Bush's fault, if we can ride the wave and make money full speed ahead.
Keep this Letter Confined to Facts not Economic Therey...I am interested in all forms of ReNewables Energy but realize the art of Politics is "Compromise" !
Jeff,
I have been following your articles on Renewable Energy for many months now.
We have been trying for several months to contact serious corporations in the US to consider our H2-Power Technology.
(which uses normal tap water to generate Hydrogen used in Clean Power Generation) to your organisation
All we got so far, NOTHING !
Our Standard H2-Power 100E unit consisting of a H2-Hydrogen Generator, coupled with an adapted Diesel Cummins Engine/Alternator produces 100 kW per hour using approx. 10 litres of normal tap water.
Aside from our 100E unit, we have a range of 200kW to 2,000 kW.
Would be most grateful if you could introduce a couple of serious Corporations in the US to work with us.
Best Regards
Boon Sun