Nuclear Play

With the price of oil climbing $ 11 Friday off a Morgan Stanley's anaylst prediction for $ 150 barrel of oil by 4th of July and tensions between Israel and Iran the global community, represented by the G-8 expressed serious concerns about the effect the price of oil is having on global economic growth. However, nothing really came of the G-8 convention in Japan over the weekend, as China dismissed any serious consideration for possibly eliminating or decreasing subsidizes of the price of oil its citzens have to asborb(typical of global conventions). Yet, the market is speaking and alternative energy resources are coming in full vogue as it becomes painfully obvious that OPEC sees no reason to increase the production of oil output per day ( because they really shouldn't, why should they). There several ways to position your portfolio for the inevitability of what must happen and that is winging ourselves off our addiction to cheap fossil fuels. Market Vectors Van Ecks ETF funds over several different investment opportunities that track the day to day performance of indexes:
Global Alternative Energy (GEX), Environomental Services (EVX),
Nuclear Enery ETF (NLR),
Solar Energy ETF (KWT)

45 Trillion Dollars In Capital Needed???

" The world needs to invest $45 trillion in energy in coming decades, build some 1,400 nuclear power plants and vastly expand wind power in order to halve greenhouse gas emissions by 2050," according to an energy study released Friday. The report was published by the Paris based International Energy Agency and consummates things to come for the world to reduce carbon emissions and dependency on fossil fuels. The report also states:

• An average of 35 coal-powered plants and 20 gas-powered power plants would have to be fitted with carbon capture and storage equipment each year between 2010 and 2050.
• The world would have to construct 32 new nuclear power plants each year, and
• Wind-power turbines would have to be increased by 17,000 units annually

The First Order of Buisness

The first order of business today will began with a look at a ETF that tracks Solar companies, that ETF is no other than Market Vectors Van Ecks Solar Energy(KWT). As you can see from the chart the fund had a huge rally at the beginning of May with every increasing oil prices in that month. Oddly enough, a counter oil play performs roughly directly with its energy cousin. The fund also seen substantial volume due to the capital venture T.Bowne Pickens made in the largest wind power project of its kind in the United States. I am Bullish on this fund due to its long term implications for providing a viable energy solution to reduce carbon emissions and our dependency on foreign oil.

Welcome to my new blog, Investing Green. I am extremely excited about this blog and have been thinking some time about writing on this very interesting subject. The primary reason I found this topic such a great one to write about was of all the things taking place to solve a very serious problem of energy independence and efficiency in the 21st century. Global warming is a real problem but few or any of us are willing to go back to living like the Old Order Amish. Therefore, the practical solution to all of are problems will lie between a comprise of alternative energy sources and fossil fuels to meet are goals.