Tommaso, I agree with lots of your points, specificially:
- Energy is where the money is (and will continue to flow, it looks like)
- Natgas consumption is increasing, and production and delivery systems are not up to meeting the demand yet
For a true bubble in energy you'd need a change in investor psychology. Energy would have to become the next Internet in terms of media coverage and small investor interest. It's possible, but if it does happen I don't think it would last very long. I think we're more likely to see steady, sustained growth in profitable energy companies, with bursts of interest in alternative energy, over the next few years, simply because of the money flowing into the growth and repair of the infrastructure.
BTW, a friend of ours (an electrical engineer) did some calculating on what it would cost to install solar panels in his house and get his home off the electrical grid. He figured between $17 - $20,000, and his house is a small one and not optimally positioned for solar panels either. And people don't want to have to be engineers to get heat and lights, anymore than they want to have to be auto mechanics to drive a car. Just flip that switch! (On the other hand, if someone came up with a fuel-cell generator/furnace that you could buy at Home Depot, I'd take a look....) |
