Greg R.'s Page
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- Are you interested in becoming an organizer in your area?
- Maybe--But Not Sure What to Organize
- What excites you about this campaign?
- Mr. Pickens is a good leader, he's got some momentum and apparently has garnered a critical mass of followers.
- What do you want to do to help?
- I'd hope to help people separate the wheat* from the chaff**, partly through my knowledge and experience, and partly because I'm a pretty good listener, learner and B.S. detector.
* ideas that are likely achievable because they don't require huge sacrifice of personal wealth or convenience, and because they can be broadly supported and implemented.
** ideas that would take Western living back 100 years or so, or are mainly focused on garnering wealth for the entrepreneur(s) who are backing them in spite of providing marginal societal benefit.
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Got your message. Here is what I think. Renewable Energy requires substantial subsidies, and we are clearly running out of these in the current environment - and for the foreseeable future. It is a factor of the market/banking system, and neither candidate can do much about it. I am voting for McCain, but even him makes me cringe when he talks about RE replacing Oil. You should also know that I am totally opposed to the thesis of anthropogenic climate change, and I think spending taxpayers money there would be the most wasteful program ever - when we have so many other "real" things to deal with.
However, RE is a job creator so there is no telling where and how much money will be spent. My choices would be Geothermal and Wind, which both have potential for prodcutivity improvements due to basic law of physics. Solar, at the opposite, deserves nothing more than federally financed R&D, certainly not deployment at the current stage of photovoltaics.
Now, bear in mind that neither of these sources replace Oil - neither does nuclear nor hydropower, for that matter, and they are not even labelled as RE sources. That is, until we find a viable solution for the electric car, but this too is years away.
Back to the market. Some stocks are definitively worth considering, but one needs a two-to-three year horizon and a high risk tolerance. Some have real earnings, some still have high cash burn rates and technologies that are "promising", at best. However, there is no doubt that whomever wins, RE will make headlines. So, from a greater fool theory standpoint, there may be a trade in here - subject to the high risk I outlined. Indeed, from my standpoint, there are some 20 to 30 stocks that I would be happy to own at these levels - the end reesult being a fairly diversified portfolio. Unfortunately, because I am regulated, I cannot disclose them here. Hope this helps.
Welcome to our little public gathering place and thanks for friending me. It's definitely a great way to keep in touch with others and also allows private messaging. Don't hesitate to send one asking for help on the site, renewables or anything else I can hunt down an answer for! If you let me know your interests and motivations, I can also point you toward the most interesting / participative areas. There's also so much more going on that's making progress behind the curtain, so to speak. Enjoy!
Todd