Bullish news for Alternative Energy Stocks?
Sean Brodrick (September 4th, 2008) Writes:
It sure doesn't seem like it today, with red ink running in the Street like blood, but check this out ...Amid bluster over energy, Senate cuts a dealOver the summer a group of five GOP and five Democratic senators, dubbed the Gang of 10, hammered out a comprehensive energy proposal. And now, after taking withering heat from both left and right, the idea is gaining support. The proposal contains some items on the Republican wish list, such as opening areas of the Outer Continental Shelf to drilling and boosting nuclear power. The Democrats get incentives for wind, solar, and other renewables along with energy efficiency measures — and pay for much of the projected $84 billion cost by eliminating tax breaks on the oil and gas industry.In other news today ...OPEC consensus building for supply cutConsensus is building within ...


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