ArcticFox

12 Stocks Poised to Profit from Energy, Infrastructure in 2010

Living in Alaska, we are facing natural gas shortages, but I have seen little progress in tidal generation of electricity. Is this company poised to make any kind of move in Alaska?


On Dec 20 08:15 PM in4thelonghaul wrote:

> Besides RTK which another poster mentioned, I would include OPTT
>
>
> OPTT: "Ocean Power Technologies, Inc. engages in the development
> and commercialization of proprietary systems that generate electricity
> by harnessing the renewable energy of ocean waves."

Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?

This proposal just in from Alaska Daily News (adn.com). I guess Senator Stevens and Governor Palin read my post. The propsal also discusses a coal liquification plant for coastal communities

The proposal includes:

Targeting oil speculators who buy and sell barrels without ever intending to use them, which Stevens says has inflated gasoline prices. At least it suggests where the feds spend their take.

Trying once again to open ANWR to oil companies, and spending all the federal revenue -- which he estimates could be $300 billion over 30 years -- on alternative energy projects.

Give the state more than a third of federal revenue from offshore leasing and production, with a quarter of that cash going to nearby coastal communities.

Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?

Oil Companies should not invest in Alternative Energy, simply because they are oil companies, and are not good at developing alternative energies. The money is better spent and better trusted with alternative energy companies. Big Oil should continue on its course of developing better drilling, development and exploration technologies. Stricter pollution and greenhouse policies should be enforced, cleaning up refineries and controlling carbon emissions. CO2 injection should be enforced encouraging continued technology development and expenditure in that area. ANWR should be allowed to be developed under the same environmental scrutiny as Prudhoe Bay. The state of Alaska should negotiate an alternative energy strategy for its state in exchange for the opening of ANWR. The state reaps substantial profits from its oil and has a tremendous surplus.

Subsidizing corporatations never works because the money never leaves Wall Street. There is no doubt that investment firms and insiders are pillaging our economy. It is better to subsidize responsible consumer spending, and reward innovation, then to allow another dime to filter through Wall Street. Stand up to the big investment firms, change the trading rules and capital gains tax structure, and then there will be more than enough money to subsidize alternative energy. If you want a windfall profits tax, than tax wall street and insiders.