We all hope your right, but it can go either way. Those with the means to do something are slowly being motivated (think Pickens). Time is running short, the trickle needs to become a flood soon. The one positive $140 oil is doing is creating awareness. Once people get past denial maybe good things can happen.
In China, with a one party system, they can move fast if they choose to do so. Over here we'll still be arguing which way to go, lol.
Maybe Capitalism can trump all. Maybe gobs of money can be made with alternatives, otherwise corporate America will be of no help. With our Banks falling into a blackhole and money going "poof" everyday we better hurry up!
real estate assets tanking stock market assets tanking inflation rising everyone continuing on in the same old way
Not looking good imo
ETF FAN's top three holdings, Vestas, REPower, and Gamesa are the world's leading wind turbine manufacturers, and between them control approximately half of the worldwide market for turbines
Vestas alone has 23 percent of the worldwide market for wind turbines. Wind power is the largest source of renewable electricity after hydropower, and also the fastest growing renewable electricity source. It is also one of the most economical, producing power at a price comparable to the cost of generation from a newly built coal plant or natural gas turbine, and even cheaper in some locations.
The only major wind manufacturers in which a North American investor can easily buy are General Electric (GE) and Siemens (SI). Since these are large conglomerates, wind turbines are only a small fraction of their business.
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