Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (52941)	9/3/2004 7:25:37 AM
From: Seeker of Truth	Read Replies (1) of 74559

Hi Jay, Of course you know why Vestas stock price is down so far. The Bush administration didn't approve of subsidizing new wind systems. As you know wind doesn't "pay" at least for oil at $40 a Brent gallon. That's because the health cost and the global warming cost are not included in the oil price. I'm all in favour of wind use but the Bushites, reps of the oil industry, are not. You are betting on a change in attitude, all over the world. or else $100 oil, at which point wind should pay off without government subsidy and without a change in attitude. Chugs, Malcolm

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