There is alternative energy but it is not very competitive if crude oil is at 50 dollars a barrel. Most alternative energy has to be subsidized by some government wether it is sun power, wind power, they are not great yet.
At 300 dollars a barrel for crude oil they will be very competitive but at the moment we have 50 dollar a barrel oil. (PowerShares WilderHill Clean Energy ETF (PBW), United States Oil Fund LP ETF (USO), Nymex Crude Oil futures)
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.
Hedge fund wizard: writing market magic in stealth mode, because even financial superheroes need a secret identity.
Blog Archive
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2016
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August
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- Emerging Markets Will Suffer
- The Fed Will Raise Rates After The Election
- The U.S. Stock Market May Turn Into A Bubble
- Markets: Russia Is Cheap
- Alternative Energy Is Not Competitive
- Crude Oil Prices Will Be Much Higher In 2 or 3 Years
- Emerging Markets: Some Are Great, Some Are A Disaster
- China: I Am Bullish About These Sectors
- China: The Companies That Deal With The West Are G...
- Markets: Opportunity And Crisis Are The Same Thing
- World Economy: Something Is Wrong
- Markets: A Recession Is About To Hit
- The U.S. Stock Market Is Tricking Everybody
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August
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