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Now that everybody's jumping on the 'green' bandwagon, is it a good idea to invest in Solar or Hydo power now? Or am I too late? Or is it too early? Anyone know of any websites that would give some primo stock picks?
Depends on how old you are... short term, no... long term, yes.... as to whether which one will win in the end is almost impossible to know... if Big Business had their way, then I would say hydro, nuclear, wind, coal, and even oil (but not right now for oil, its overinflated).... If taxpayers (who aren't blind to rhetoric) had their way then geothermal and solar.... with the amount of corruption in the government, I might say go with Big Business but we will see..
Location: Sitting on a bar stool. Guinness in hand.
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Originally Posted by evilnewbie
If taxpayers (who aren't blind to rhetoric) had their way then geothermal and solar.... with the amount of corruption in the government, I might say go with Big Business but we will see..
Other than Hawaii where is the Geothermal at?
As with the OP's question. Evil is right. If your short term I see coal as a good bet. But I see eventually solar finally making an impact somewhere in 20 years. Of course that what they were saying in the 70's to, but this is what I believe. Now if your going to invest in solar look at Swedish companies that are producing Photo-voltaic cells. They are actually seriously working on making the panels more efficient and more productive. In other words they are trying to actually trying to make solar more viable for the world.
I am not referring to geothermal as in power plants but in heating/cooling a home... I know this requires a lot of land but there are "lake" systems in place as well where a developer could build a lake and lay down a "geothermal" heating/cooling system for the neighborhood... there are alternatives... here is a link to what I am talking about...
As soon as oil prices come back down -- and they will -- investment in alternative energy is going to dry up like a puddle in the Sahara. When oil and gold hit five-year lows and the dollar hits a five-year high, that will be the time to invest in alternative energies. That is, unless we discover gigantic new swaths of recoverable oil to keep us fueled for another 150 years, in which case diversify your energy holdings into the oil companies too.
Drover - With the limitless demand of the Indian and Chinese industry coming to the market what makes you think oil prices are ever going to come down? I think we are in the early run-up stage of oil pricing over the next couple of decades. Because of this demand I think oil field and energy services will do well over the next few years. I would also invest in wind turbine manufacturers and installers and some of the more creative solar photo voltaic companies.
Drover - With the limitless demand of the Indian and Chinese industry coming to the market what makes you think oil prices are ever going to come down? I think we are in the early run-up stage of oil pricing over the next couple of decades. Because of this demand I think oil field and energy services will do well over the next few years. I would also invest in wind turbine manufacturers and installers and some of the more creative solar photo voltaic companies.
Oil is never coming back down to $12 a barrel like it was 10 years ago. But a whole lot of the price run-up is driven by the devaluation of the dollar. Compare how much oil has risen in dollars compared to how much it has risen against more stable currencies. Once currency markets return to some semblance of order and balance (provided the Fed doesn't inflate us into a Depression, which unfortunately is no sure thing), the price of oil will come down both because it will take fewer dollars to buy a barrel of it and because investments that had clung to oil as a hedge against the dollar will start to move elsewhere.
But I do think you're right over the long term. Oil prices will continue an upward trend, but not before there's a bubble-burst. I wouldn't invest in alternative energies until after that burst, unless one plans to dollar-cost-average into an alternative-energy position over a number of years.
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