Igorsky

ETF Update: Alternative Energy and the Power Grid

pondee. Traditionally, the utiities invested in the power grid they need to disrtribute the power they produce. In this case, the power to be distributed is across States and the companies that will do this has yet to be formed. It is a formidable challenge considering the myriad of regulations that have to be overcome.

The problem alone posed by environmentalist, naturalist, beautiful scenery specialists makes venture capitalist not even want to think about this area.

Only a crisis - in the same magnitude as the oil embargo of the early 70's - will get us moving to solve this problem. Sad but true.

If McCain gets elected, he could push this together with his oil drilling plan especially if he appoints Mitt Romney as his Energy Secretary.