tipscommissar asked:
Oil shot up like mad today, right. So, should green energy stocks (eg: solar, wind, energy cells: comv, eslr, ftek, fcel) go up or down? Why?
Oil shot up like mad today, right. So, should green energy stocks (eg: solar, wind, energy cells: comv, eslr, ftek, fcel) go up or down? Why?
I don’t even know if there would be a correlation. I would think down since money is detracting from the market, but otherwise…would there be?
well obviously green power need to go up in a limited amount of time because the resources becomes scarce in such a short amount of time.
you catch my drift? use all the “almost finished energy sources” to generate green energy before everything is finished.
sucks being scientist rite now huh?
it makes solar energy more viable as a business model. since government supports the business, i wonder if it is a non-event. rationale is that if oil goes up, the government will hand out less money and they have to maintain profitability on their own. but since the market fell, it should fall too anyway
“Green energy” is largely 10-20 years away from being cost-effective. Therefore a short-term rise (or drop) in oil price shouldn’t have much an effect on their stock price. It’s also a little hard to predict which green energy companies will fold & which will be successful.
The one possible exception to that would be nuclear energy. I’m not sure if it’s considered “green” or not but it is cost-effective, safe and doesn’t increase greenhouse gas. I’m not aware of any US company currently working on developing it though.
Oil (and therefore Gas) prices have been very volatile in recent months. They are a mature technology, so there is unlikely to be any ground-breaking innovation in this area.
Green energy stocks on the other hand, as your long list suggests, are in many different technologies and are not fully developed.
Therefore, as Oil and Gas are immediately available, while green energy is still to fulfil its potential, I don’t think that there is the correlation you suggest. Once these new power sources become as plentiful as oil, they would be inversely correlated, as demand for one would depress the price of the other.
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