“America is addicted to oil, which is often imported from unstable parts of the world” Thanks to Mr. Bush’s state of the union address last night, we should see some nice gains across the board in the Alternative Energy sector. Some of the big winners may be the Ethanol companies like Archer Daniels Midland (ADM) and Pacific Ethanol, Inc. (PEIX). The EnergyStockBlog.com has a nice write up on the potential for ADM. [ more ] GreenCarCongress.com has a nice summary of the important parts of the speech.
In his State of the Union 2006 address, President Bush announced the Advanced Energy Initiativeâ€��?a 22% increase in clean-energy research at the Department of Energy (DOE). The Initiative is intended to focus on providing breakthroughs in two areas: power for homes and businesses; and transportation. [ more ]
Update: Well the market is now open and shares of ADM and PEIX are trading down. But shares of Fuel Cells and Solar companies are up.