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richard_nogginn » Comments » FCX

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    I would anticipate GE to be a winner in the next 5 years, not because of past performance, but because they design power generators. Toshiba, Siemens, and GM should also be bought, based on the Obama Administrations energy plan. Toshiba/Westinghouse and Siemens make electrical power components.

    GM is included, because they own the majority of shares in two different pilot plants for producing ethanol for under a buck/gallon. The Wisconsin plant uses heat and can convert anything (including old tires and garbage) into ethanol. It will begin producing 100,000 gal/day late next year. The Massachusetts plant uses genetically altered bacteria to convert woody brush, switch grass, and field stubble into ethanol. It will begin producing 250,000 gal/day in 2012. Ethanol that does not challenge our food production and costs less than a buck to produce directly challenges gasoline as fuel. If GM stays out of bankruptcy until the end of next year, they will have a completely new revenue stream. If they become bankrupt the best we will ever see is the lab results.

    I don't agree with the Obama plan as far as wind and solar energy go, because forcing GE and Toshiba/Westinghouse to increase coal plant efficiency can cut in half during the next decade. Congress should be writing legislation for electrical power similar to what they have done for automobiles. Folks 2/3's of the heat made by coal is wasted and the methods used by geothermal energy producers can cut the waste in half.
    Feb 11 12:06 pm |Rating: 0 0 |Link to Comment
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