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)
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