Wednesday, December 30, 2009, 7:04AM ET - U.S. Markets open in 2 hours and 26 minutes.
Rice paints a "pretty dire picture" of the whole alternative energy industry, with the possible exception of wind, based on the following:
More government subsidies for alternative energy could be forthcoming but "governments across the world are being stretched" by the economic crisis, Rice notes. "There's not a lot of excess money, excess credit, [and] not as much risk capital willing to go into these sector."
So unless the global warming patterns reverse and go higher again or the global economy makes a major recovery, Rice believes alternative energies like Exxon's algae fuel initiative will remain very much on the fringe, and investors in the space will face further disappointments.
We need alternative energy to make the USA less dependent on countries that do not support us...in any way, shape or form. It is sheer stupidity to continue to depend on oil, unless you are willing to "take" it at any cost...which seems like a pretty poor alternative. Why continue to fund your enemies...develop alternatives that will give you freedom from these represive regimes....start acting like the USA again, and STOP beleive the bul;l Obama puts out each day in his minin speeched...the USA is the best country on the planet by any measure,...and we do not need Obama continually tearing it down to gain votes...
I believe global warming IS caused by man, and so do most of the physicists that can master an equation. If you look at history we should be entering a cooling period about now but it will not happen to any degree (no pun intended). Carbon emissions when released in any kind of experiment DO drive up temps PERIOD. The thing that is missing in the equation is the effect of global population growth and agriculture. As we knock down the rain forests and continue deforestation throughout the world to feed and house the population carbon is not washed from the atmosphere as it once was, and that MUST lead to global warming. I believe the deniers of this will be vilified in 50 years, and we will ask ourselves how we could have been so stupid. Unfortunately, the deniers are in the majority of the Republican party. We ned population control ad alternative energy soon, OR we will have a disaster that will make abortion and cap and trade seem like a picnic in the park.
Some of you are hilarious! No Global cooling b/c the data is not based upon enough time? What timeframe is the global warming criteria based upon? The thermometer is less than 200 years old, yet global warming zealots would have us believe this data can predict global temperature variations thousands of years in the making. But not if it shows cooling. Millions of years ago the sea level was over 150 FEET HIGHER. I guess Fred and Barney drove SUVs.
Every 600 million years or so a huge super volcano explodes and cools the earth. So far really long term investors you want to bet on global cooling.
cattle produce flatuants that are composed of metane gas which go up into the atomosphere which contribute to global warming. Let's do PETA a favor and kill all the cows!!! Steak roast at Al Gore's house this weekend. BYOB!
marx - Wednesday July 15, 2009 08:37AM EDT If they were really serious about alternatives they would release all the patents bought out years ago and put those in the marketplace =========================================== That's not how patent law works. Patents are granted to protect the inventor from loss of revenue due to infringement of the inventor's idea by a third party. This gives the inventor time to try to get his idea/product manufactured. The inventor can sell the patent to a third party; at that time the third party receives all protections granted by the patent. The duration of patent protection varies based on the type of innovation and whether or not "maintenance fees" were paid to the patent office.
Luke M- people like you drive me crazy. I am not sure about the reality of global warming. I am sure that over 30,000 scientist say it is false, the ice caps are not melting, polar bears are thriving, the earth is cooling, cap and trade is about tax and control, and if you follow the money trail you will find most of the believers have a vested interest in it being real. There is a mountain of evidence out there that contradicts the notion of man made global warming. I may be a dinosaur but you are kool aid drinking moron and people like you are ruining our country.
Wow, didn't realize how many complete idiots there are out there. That's it - I've given up hope. Listen to scientists - listen to the majority, there will also be a wingnut or two. And don't listen to one who is on retainer for energy concerns - they are saying what they are paid to say and are not doing real science. It's just saddening to see this still is going on, thought we were past this.
LOL.... global warming is a scam job by the nazi environ'mental' ist...A MYTH...YES.. duh....notice they call it 'climate change' since global warming just 'ain't happening.... 30 years ago it was global COOLING.. wow... 30 yrs is a LONG TIME isn't it...BAWHAHAHAHA... where ARE OBAMA'S GREEN JOBS EH? HMMM? GREEN JOBS WHERE ARE THEY.... SPEAK UP... anyone, class class??? obama the socialist ruining America making it the banana republic that he is in love with.....DULLARDS
Alternative energy is going to be a bubble for the same reasons we had a tech bubble: it has "technical" jargon; people think we need it; most people know about it, but don't actually understand the mechanics behind how the methods actually work and the limitations therein. -------------------------------------------------------------------- As for global warming, maybe it's real, maybe it's not. But wouldn't it be a good idea to start the switch to a power source that will last for the next billion or so years (the sun) from a source that might run out in the next hundred or so years (fossils fuels)? When the sun finally cools, the whole planet is screwed anyway, so no point about worrying over energy then.
We are causing global weather changes with our buring of fossil fuels. CO2. Period. All the spoiled people (Americans in particular) refused to change because they know better. I want my big car and all my things and don't tell me different or I'll sue you! We are in the eye of the hurricane on weather change, so let's go out and play everything is fine. Don't worry.
They can look at global temperatures for thousands of years through ice core samples - but I think this may be a little over your head if you're still denying global warming because that pretty much guarantees that you're scientifically illiterate.
Failure to act on alternative energy is very easy to understand in America. Its embedded in the NIMBY (Not in my back yard) thought process. Raise taxes but don't raise mine. Every politician is a crook but my Congressman is doing a great job. Pickup my trash but don't put a landfill in my town. That thought process evolves into I won't worry about hurricanes until my city is flooded. When the first coastal city goes underwater that will verify climate change. In the interim the solution appears to be we will drive our country into bankruptcy because we are leaderless across the board.
Yahoo! Finance User - Wednesday July 15, 2009 09:15AM EDT @Luke M - he is not talking about a single day, he is talking about the trend of temperatures the last decade. World Wide temps have been going down the last 10 years despite carbon going up. ============================================ Have you ever been to Glacier National Park in Montana? Beautiful place. Nine years ago, I went out there in July and drove up the "Going to the Sun Road". It goes over the Continental Divide. There were glaciers on top of the mountains, which is the reason it's called Glacier National Park. Last year, I went back out in May. While going up the "Sun Road", I noticed the glaciers were gone. Not receding; gone. At the tourist area on top of the mountain, I asked a park ranger what happened. His answer was "Global Warming". But hey, everything is OK, because the planet is cooling. I'll just remind the glaciers of that the next time I go out there.
All the cattle in the world can't belch and fart enough methane compared to what the Earth itself pumps out by the hundreds or maybe thousands of tons everyday, as it has done for eons. Not to say we shouldn't clean things up for our health but I wil continue to drink milk by the gallons and steaks by the pound! My Carbon Footprint is bigger than the Jolly Green Giant's Ass! There has been climate change since the Earth first formed and it will continue to do so, no matter what puny little humans try to do. Al, your film was interesting but that's all!
One thing is sure the air that we brief lately sucks. I guess too many cars on gas, and that has to change, Natural gas or electric. Electric will add huge demand to the grid , so more power would be need all that should come from Wind , Solar and Hydro.
As a conservative I am a huge supporter of non-subsidized, alternative energy. Any time we can be self sufficient in Energy, Manufacturing, Beer production with moral safety standards and legitimate environmental standards, I'm for it. GE has a wind turbine plant in Greenville, SC that is providing most of the worlds turbines. In NC the biggest opponent to Windmills has been Sierra Club (killing millions of migratory birds) and trial lawyers. Now that we have a socialist pres these two parties will probably back-off, kind of like the world communist party has stopped protesting G-8 meetings.....But since the world has been cooling for the 9ish years and CAP/TRADE the US should be able move closer to energy independance. Global cooling means the private sector is needing the AC less and CAP/TRADE will run more manufacturing/tree and coal commodity industries overseas so industrial power demand should decline, Yeah!!!
Dr. Judah Cohen, whom BlackRock has on retainer Oh no not more 'manufactured debate' Guess they want to drive the price down of alt energy stocks while oil is low so they can buy in big. Global warming is fact for all but those floating down De Nile...
bierterasse said: "Yes, I think burning 20.7 billion barrels of oil PER DAY in the US alone is enough to have some effect on our atmosphere." You are only off by a factor of 1000x - million, not billion - but don't let any facts get in the way of such a good story.
Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.
Sandman - Wednesday July 15, 2009 09:18AM EDT
Global Warming is too nebulous to garner any solid support...we need to concentrate on the real problems at hand...Pollution...not just in the YSA...try the third world that does not give a rats petute what they screw up...India, China, Africa, SouthAmerica...they are cess pools...with people living in them....That is the real problem...it does not matter what we do when the majority of the worlds population is trashing the planet, it is a losing battle, and we can not caary the rest of the world like we always have. So all the whiners and nay sayers need to get their collective ass in gear and start demanding that we lean on the rest of the world to clean up their act...literally...and when they get even close to the level the USA is at, then maybe, just maybe we should allow them something to say about what takes place here.......Obama is once again using the USA as the bad boy becasue it gets him media time which he loves, and grabs potetial votes...maybe he should start with cleaning up inner city Chicago...where he decided not to live or send his children to school...or perhaps his home in Kenya...or maybe Darfur , Brazil, Calcutta, Shanghai...list goes on...the world is garbage because of the third world nations that want to have the same standing and staus as the USA, but have done nothing over the years to earn it...