Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (10142)	2/26/2011 10:21:30 AM
From: Eric	Read Replies (1) \| Respond to of 16955

Jacob, Look what happened last time oil spiked to $150. Solar and wind stocks crashed, along with all other stocks, the global economy, and the global banking system. Even oil stocks weren't immune, since $150 oil caused $35 oil (temporarily). And, since we still haven't recovered from the last recession (unemployment is double what it was in 2007), everything is much more fragile. The next crash will be worse than the last. Well we cratered (alt energy) because the worlds economy was crashing as a result of the economic meltdown. Energy wasn't the main component causing it back in 2008. The solars started breaking down in early 2008 as threats to the financial system bubbled to the top of the "pot". Now that the worlds economies (especially ours!) are on their knees trying to stand up and walk (forget running!) energy prices can really put a drag on all of them. I do agree with you on the unemployment problem. It's a huge drag on the economy. We are all stuck in a very awkward situation now that unfortunately I think is just going to slowly get worse over time. Europeans don't have the energy resources that we have here in North America. Double dip?? If the ME could just quiet down...