With crude hitting $70+ and many traders thinking we go higher this summer I submit this article from the Daily Reckoning about how the successful folks from tech are moving into alternative energy. The market is now large enough that it is attracting serious capital and brainpower. I am a peak oil advocate, however i am not a doomsdayer like Kuntsler. If there is a market smart people will step up and solve the problems and make money to boot. One quote struck me from this article,
”Energy has got to be one of the top five problems the world faces, and it’s been frustrating to watch activists and politicians fail to solve the problem,’’ Metcalfe recently griped. “Now it’s time for the entrepreneurs and scientists to give it a try…The markets for the [alternative energy] products are huge. If you can get it right it’s really a market that’s infinite. We’re hopeful.’’
I hold several alternative energy stocks in my personal portfolio and my Marketocracy portfolio. I will post some of the ideas in the forums.