Oil is dropping..is this GOOD or not? I say it can be a great thing. Here is why.
Cheap oil will put a short term hamper in alternative energy investment. Of course it does not eliminate the incredible potential of this space but i believe it may lead to consolidation. the market needs stronger players and a focused approach. Consolidation will mean the sharing of new technology.
More powerful market players and shared technology is the best thing that could happen to the industry.
Additionally the government will include energy investment in any stimulus package so hold on to your hats until January February and we should take off again.
My 2 Cents
Phil
Friday, October 10, 2008
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