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They can't stop solar

Bureaucratic buffoonery is only temporary

By Jeff Siegel
Friday, November 9th, 2007

Solar was on fire this week, with nearly every major solar manufacturing stock delivering huge gains, some in excess of 40% in just a few days!

Today, we are seeing a natural selloff. But you know how it is. You can't fly that high without coming down for a quick breather.

Of course, the question now is, where's solar going to go from here?

There's no denying that market conditions are ripe for solar success.

High energy prices and global warming issues are certainly supporting some of this momentum. And growth projections in this sector are definitely nothing to sneeze at.

But I did hear some very disturbing news today that I thought you should be aware of.

Word is (and nothing's set in stone, this is just something I heard this morning), Senate and House Democratic Leaders (you know, the ones that love to say they champion alternative energy) may consider leaving renewable energy out of the Energy Bill. There are now reports that energy legislation could move without a tax title that extends the Solar Investment Tax Credits.

To be honest, I was a little surprised to hear this. It's pretty much a no-brainer. I'm not sure how they could possibly spin this one on the campaign trail. Nonetheless, if it does happen, I suspect we'll see some disruption in solar momentum.

That being said, I also suspect it'll be short-lived.

You see, solar momentum is strong not because of governmental support (like the oil industry continues to get year after year), but because the market rises above the bullshit that pollutes our nation's capital.

Let's face it: Just a few years ago, you'd have been hard pressed to find three solar stocks delivering gains in excess of 40% for an entire year . . . much less in just a few days.

And the status-quo bureaucrats that allow big oil and big coal to dunk their donuts know that the proverbial poop is hitting the fan. Throwing a wrench into the works on a legislative level is really just a clear indication that they've got nowhere else to turn.

Now I must admit, as an investor, I'm not overly concerned by this. Like I said, the market will ultimately trump political maneuvering. But as a consumer, and as a United States citizen, I'm disgusted by even the thought of our elected officials leaving renewable energy out of the energy bill.

As far as I'm concerned--given the energy crisis that's smashing us in the face with all the subtlety of a brick--any lack of commitment to renewable energy integration at this point equates to nothing less than treason.

And if House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid don't keep the ITC extension in the energy bill, every voter in the U.S. should call them out the next time they play party politics and accuse others of inaction.

Of course, I'm still a big believer in the DIY mantra.

If you want anything done, you have to Do It Yourself! And that's exactly what we're doing now.

By investing in alternative energy, we're not only investing in a stronger, safer world for future generations, we're also investing in the first real socially impacting profit trend of the 21st century.

And the best part is--we're getting rich doing it!

To a new way of life and a new generation of wealth . . .

jeff signature

Jeff Siegel



Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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