Alternative Energy ETF’s Spark New Interest As Crude Oil Rises

How soon did we forget that crude oil was at $150/barrel last year.  The alternative energy sector has been almost forgotten as the crude bubble burst and crude dropped to as low as $30/barrel this year.  Now, crude seems to be creeping back up as a rebound in the economy may be here to stay.

Jim Stanton from Contrarian Profits reports “Flash forward to today, where we’ve seen crude oil prices double in just the past four months. Worldwide oil demand has soared, particularly from fast-growing countries like China and India, and although the global downturn has seen the pace of demand slow, when the global economy gets back on track, it should prove even more bullish for oil.”

“With oil prices rising again recently, it’s sparked yet another conversation about the viability of certain alternative energies,” Stanton Reports.

“One ETF that tracks the performance of clean energy firms is the PowerShares WilderHill Clean Energy (PBW) - a widely traded vehicle that gives you exposure to this still-growing sector in a safer way than investing in individual companies.  When it comes to the alternative energy market, wind power, solar, hydroelectric, geothermal and nuclear power have all received attention over the past couple of years,” Stanton Reports.

The investment (PBW) seeks results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the WilderHill Clean Energy index. The fund normally invests at least 80% of total assets in common stocks of companies engaged in the business of the advancement of cleaner energy and conservation. It may invest at least 90% of total assets in common stocks that comprise the Clean Energy Index.

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Comment by Maura

2009-07-01 16:31:16

To compete in a tough global economy, and contribute to a sound environment, one of the most vital elements will be increased efficiency. Over the last 25 years, the U.S. economy has grown 110%, but energy consumption has grown by only 24%. Advocate for the operation of renewable energy projects by signing the Energy & Environment Petition at http://www.friendsoftheuschamber.com/takeaction/index.cfm?ID=41.

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