If 30% of your ballot propositions are about energy, what does that say about the interests of the people? Regardless of which side you’re on, that energy is so key in everyone’s mind is a clear sign of the times.
Now you may not live in California and these three energy propositions may not be on your ballot tomorrow, but I bring them up in this blog because often; as California goes, so go a number of states.
Here are the propositions:
CA Prop 1A: SAFE, RELIABLE HIGH-SPEED PASSENGER TRAIN BOND ACT.
CA Prop 7: RENEWABLE ENERGY GENERATION. INITIATIVE STATUTE.
CA Prop 10: ALTERNATIVE FUEL VEHICLES AND RENEWABLE ENERGY.
BONDS. INITIATIVE STATUTE.
For more information, copy and paste this from the CA secretary of State: http://www.voterguide.sos.ca.gov/
Speaking for my self, companies like EI DuPont de Nemours & Co. (NYSE:DD), Verenium Corporation (Nasdaq:VRNM), Aventine Renewable Energy Holdings, Inc (NYSE:AVR) and Archer Daniels Midland (NYSE:ADM) have already positioned themselves through research and development and applied practical applications for the future tsunami.
It’s here. We’re in the wave. Energy policy (again, regardless of your political affiliations) is about to change and in a big way. A lot of companies like Altair Nano (NASDAQ:ALTI) have been developing clean technology energy sources for years (ALTI develops batteries for electric and Hybrid vehicles; from the U.S. Navy to Toyota) and as I mentioned in the first blog, Mantra Energy (OTCBB:MVTG) has put business units and entire wholly-owned subsidiaries into riding the CleanTech wave.
This is one issue that won’t go away after Election Day and getting a break on gas-pump prices is too little, too late. The U.S. population over the summer learned the term ‘hostage’ and with former allies like Venezuela (aka Citgo) playing politics with oil; Americans had a big reality check. Being an investor requires a lot of due diligence and I encourage you to do your homework, but energy, as both presidential candidates have said is a ‘new’ priority and it is closer to the top of the list than the bottom.
MarketMan
