Monday, March 31, 2008

Harvesting Al Gore's Investment

I've been struggling in my attempt to determine whether green tech will become a government-mandated mania that, despite the lack of fundamentals, could create a lot of wealth for investors buying into the mania.
Well, news today show that Al Gore is doing his part to hype the bubble. Of course, the only reason it makes any sense to consider investing in green tech is because it will be a government mandated market. Need proof:

While "An Inconvenient Truth" urged viewers to fully inflate their car tires and to install compact fluorescent light bulbs to combat global warming, Gore said he is now focused on ensuring that the United States enacts a national carbon emission cap and ratifies a new global pact on climate change in the next three years.

"The simple algorithm is this: It's important to change the light bulbs, but it's much more important to change the laws," he said. "The options available to civilization worldwide to avert this terribly destructive pattern are beginning to slip away from us. The path for recovery runs right through Washington, D.C."


"The path to recovery runs right through Washington, D.C." Well surprise, surprise. You watch the touchy-feely "Inconvenient Truth" and everyone gets on board when he says that we just have to inflate our tires. I wonder how the movie would've been received if the message of the movie was that we need to raise taxes on gasoline to 5 bucks a gallon. But, like any good cult leader, Gore starts out small and then tightens the screws. I'm just wondering if now is a good time to buy stock in a Kool-aid company.

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