Alternative Energy Sector Optimistic With Obama
Shares of alternative energy companies, particularly those related to solar energy, jumped this week as investors give the thumb’s-up sign to Barack Obama and his clean-energy proposals.
Over the weekend president-elect Barack Obama mentioned his programs for research and development on energy efficiency. His plan is part of his $300 billion economic relief plan he is developing to bring the U.S. economy our of the recession.
Obama’s plan calls for the government to double renewable energy production and rebuild public infrastructure to make them more efficient. He specifically pointed out renovating public buildings.
The reality of the economy and the threat of global warming’s effect on the U.S. economy and the world, have lead him on a plan to combat both, as the same time, with the same plan.
He has pushed for a clean-technology job training program and a youth job program concentrated in energy technology. He also is for suppporting a federal standard that would require at least on-fourth of the electricity produced in the U.S. to come from renewable sources.
Barack Obama is also a proponent for the development of alternative fuels such as hydrogen, natural gas and gas to liquids. He will also see to it that hybrid vehicles and electric cars are promoted vigorously.
As we enter a new year, investing in alternative energy stocks will be more and more attractive to consumers.
