The FinancialContent Network     SocialPicks Community   |   MarketMinute Monitor   |   MarketMinute Market Updates   |   MarketMinute Stock News
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     
Stock symbol BAER not yet supported on Stock Buzz.

Cramer on BloggingStocks: Oil's rise is fueling the wind plays

 May 21, 2008 09:30 AM UTC
Return Risk
+1.30% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
APC Positive 05/21/08 -1.22% 06/17/08
EP Positive 05/21/08 +2.93% 06/17/08
FSLR Positive 05/21/08 -4.32% 06/17/08
TRN Positive 05/21/08 -62.29% 12/10/08
UPL Positive 05/21/08 +1.76% 06/17/08
DVN Positive 05/21/08 -6.78% 06/17/08
APA Positive 05/21/08 -6.43% 06/17/08
XTO Positive 05/21/08 -1.11% 06/17/08
TNB Positive 05/21/08 -15.53% --
BWEN Positive 05/21/08 -77.71% --
OC Positive 05/21/08 -18.03% --
SWN Positive 05/21/08 -4.45% 06/17/08

Graphic_arrow1 Via BloggingStocks:  

Filed under: Market matters, Anadarko Petroleum (APC), Oil, Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says as crude goes higher, it makes more and more sense to go for other energy options.

Every day that oil goes up, there is a new set of technologies that had formerly been priced out of the market that comes back to life. Let's take wind. Wind, in itself, just seems so stupid. It needs, well, wind. Much of our country doesn't have enough wind to make this economic. There are only certain regions that can really benefit.

But when oil is at $130, SO WHAT! The parts of the country that have a lot of wind are nuts not to do wind. Wind, when properly integrated into the grid, costs 4 cents a kilowatt. The issue has been shortage of everything that goes into a windmill, because nobody in the chain thought it was worthwhile to mass-produce them. So even though the cost is low, no companies felt it was worth it because the market seemed so niche.

In other words, it was the wind supply chain that was the problem, because we only thought in terms of gigantic plants that created energy. But with nuclear not an option -- never will be in this country, if you ask me -- natural gas falling out of favor post-Katrina as being unreliable, and coal simply intolerable because of the climate problems, wind has become the most natural fuel of all.

Continue reading Cramer on BloggingStocks: Oil's rise is fueling the wind plays

Permalink | Email this | Comments

<map name="google_ad_map_145-1201718"><area href="http://imageads.googleadservices.com/pagead/imgclick/145-1201718?pos=0" shape="rect" coords="1,2,367,28" /><area href="http://services.google.com/feedback/abg" shape="rect" coords="384,10,453,23" /></map>





 Graphic_website1 Read the rest of original post »



Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment



IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch