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An oil panic is the best scenario for the U.S. to implement alternative energy solutions,...

An oil panic is the best scenario for the U.S. to implement alternative energy solutions, ZorTrades writes, pointing to spikes in natural gas stocks Clean Energy (CLNE +8.3%) and Westport (WPRT +3.1%), +14% and +21% respectively since Libyan fighting broke out. Other nat gas stocks ZorTrades likes long: MCF, KWK, MMR, SSN, OAS, BRNC, DO, OIS, CVI.
Comments (3)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Yeah! The global warming thing didn't pay off--cap-and-tax never got going and we're still stuck with a lot of people using all those icky "non-renewable" energy sources.

     

    But at last we have a decent crisis to not waste.
    24 Feb 2011, 09:59 AM Reply Like
  • ain't no fortunate son
    , contributor
    Comments (1609) | Send Message
     
    I've been hearing this alternative energy BS since the mid 70's when I stood in hour long gas lines waiting to get gas that had spiked to $1/gallon and all the media could talk about was how that would push alternative energy. Yah.

     

    45 years later and zip. nada. zero. Even after scare # 2 in 2008 with gas over $4 we got humble for about 1 month. Big Oil and its lobby owns our fat asses and we still think its our national birthright to waddle around in monster SUV's and trucks yapping about personal freedom (wonder who's brainwashing us on that overused cliche) while we use 1/4 of the world's petroleum and rely on the most volatile part of the world for a good piece of our energy.

     

    We will NEVER learn until the mid east is in flames and someone claws those empty gas nozzles from our cold dead hands.
    24 Feb 2011, 10:14 AM Reply Like
  • kmi
    , contributor
    Comments (4030) | Send Message
     
    Just out of curiousity 'ain't no fortunate', does your vehicle still burn the same energy today as it did 45 years ago? Or your heating unit? Or your refrigerator?

     

    You need to pay more attention, US energy consumption is going -down- not up, it's emerging markets pressuring oil up with their diesel generators. The current spike is a one-two punch not a single uppercut, from a combo of Libya and lower coal production.

     

    The difficulty in energy today is that geopolitics and natural disasters move the market violently in a way they didn't prior to the masses of speculators, ETFs and hedgies swing trading them over the last decade.
    24 Feb 2011, 11:10 AM Reply Like
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