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Tuesday, December 15, 2009

Jim Rogers: solar and wind have a brilliant future because government will subsidize them even if oil prices don't rise enough to make them economic

Alternative energy has a fantastic future if you can find the right companies that can execute—whether it's wind power or nuclear power or solar power; whatever it happens to be. Solar and wind are not economic right now at these prices for oil, but oil prices are going to go higher, and if they don't, the governments are still going to subsidize that kind of energy, so they have a brilliant future.
-- from "Jim Rogers: Long Sugar, But Getting Short Bonds", an interview with Jim Rogers by Heather Bell.

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