Wednesday, November 21, 2012

Will Natural Gas Crush Alternative Energy In 2013?

Recently an article published in  Seeking Alpha  
posed the question

Will Natural Gas Crush Alternative Energy In 2013?

By Jeff Seigel

Wind Energy Blues
In the absence of the wind energy production tax credit, the U.S. wind industry will absolutely stall in 2013.
In fact, you can pretty much kiss the domestic turbine industry goodbye next year... Layoffs will continue, and aside from GE (NYSE: GE) and Siemens (NYSE: SI), most shops will be mothballed until a new mechanism is introduced to jumpstart the industry again - or subsidies for oil, gas, and nuclear are phased out. And that's just not going to happen.
To sum things up ~
In Siegel’s opinion, solar energy, wind energy, and electric cars face too many obstacles to be considered a viable alternative to gas next year.


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