Kofi Bofah

Does Anyone Care About Alternative Energy Anymore?

Interesting article in today's Wall Street Journal. Front page of marketplace. Page B1 I think.

Toyota is shutting down plans to build the Prius at its Tupelo, MS plant amidst slumping sales.

Have a nice day.

Does Anyone Care About Alternative Energy Anymore?

Well - can somebody tell me where the money is going to come from?

What is going to be cut from the budget package?

How much money do you believe should be printed?

How many more billions of dollars more in tax credits should be applied?

Is this realistic?

And are we on S.A. for investment ideas or to play politics?

If you are on S.A. seeking investment ideas, compare B.P. a super major that has embraced alt. energy with Exxon an oil company that has scoffed at the idea.

Let me know what you find on that one.

Does Anyone Care About Alternative Energy Anymore?

Let's make a deal:

We will revisit this issue at $150 oil, or when the U.S. isn't buried beneath a $483 billion budget deficit and a credit market / financial sector that has been completely shut down.

Sound good?

Cool.

Does Anyone Care About Alternative Energy Anymore?

Tough crowd in here as always. I know that alternative energy is a feel-good popular story. But I think that supporters of this sector will be disappointed. A lot of promises were made on the campaign trail that will be impossible to execute. I do not think that alternative energy is a priority in the U.S. right now. The movement may very well gain steam in years to come - just not at this moment.