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Friday, December 11, 2015 7:34:42 AM
Pre-markets look nasty this morning, all indicators I look at are down. Including oil. It seems the market is stuck in a sideways consolidation mode lately.
Oil is big money, so therefore political. When politics is involved, the majority has very little influence over whats going to happen. We can protest and voice our opinions.. but its the lobbyist and politicians that ultimately decide.
I would love to see the summit in Paris make some progress for renewable energy. Not only is it good for the planet but its just the right thing to do. Thats why I like Elon Musk.. damned with the bottom line, he does things because its the right thing to do like open sourcing a lot of Tesla's technology.
Unless the dollar can stranglehold the oil industry, I see this as being the biggest hurdle solar has. Even though solar follows the price of oil I would prefer oil prices stay low for a while and weed out the weaker oil companies. Once the oil field (no pun intended) has thinned out then let oil prices rise, let solar follow and that 'should' help become more mainstream.
Thoughts?
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