T Mac
12-10-2006, 06:08 PM
The fortunes of alternative energy companies have been linked to two factors outside their control: oil prices and politics.
Rising oil prices have moved in the companies’ favor over the last few years, making the price of producing energy from wind, solar, geothermal or organic sources more competitive.
Now some analysts and money managers are hoping the imminent Democratic takeover of Congress will also be bullish for alternative energy stocks by improving prospects for favorable legislation for the industry.
Click here (http://www.nytimes.com/2006/12/10/business/yourmoney/10energy.html?_r=1&adxnnl=1&oref=slogin&ref=yourmoney&adxnnlx=1165773960-3T0PEZ2RxEmuled/eAooSw) to read the entire story from the New York Times
By Norm Alster
Rising oil prices have moved in the companies’ favor over the last few years, making the price of producing energy from wind, solar, geothermal or organic sources more competitive.
Now some analysts and money managers are hoping the imminent Democratic takeover of Congress will also be bullish for alternative energy stocks by improving prospects for favorable legislation for the industry.
Click here (http://www.nytimes.com/2006/12/10/business/yourmoney/10energy.html?_r=1&adxnnl=1&oref=slogin&ref=yourmoney&adxnnlx=1165773960-3T0PEZ2RxEmuled/eAooSw) to read the entire story from the New York Times
By Norm Alster