Solar Stocks

Naomi-K

5-7-2008 8:42 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/35325994-a48a-4608-b6cb-6276f46a2f91/F5808FB0-DD50-4320-91F5-B7ED10134311/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.forbes.com/markets/2008/05/06/oil-solar-energy-markets-equity-cx_cg_0506markets46.html" href="http://www.forbes.com/markets/2008/05/06/oil-solar-energy-markets-equity-cx_cg_0506markets46.html" style="font-size: 11px;">www.forbes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/markets/2008/05/06/oil-solar-energy-markets-equity-cx_cg_0506markets46.html"><B>Solar Sector Sucked Into Oil's Wake</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/markets/2008/05/06/oil-solar-energy-markets-equity-cx_cg_0506markets46.html"><P>The gains though were not limited to the oil industry or rational behavior. Even though oil accounts for 2% of electricity production in this country--a negligible amount--the high-flying solar sector rallied on the back of black-gold's gains.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.forbes.com/markets/2008/05/06/oil-solar-energy-markets-equity-cx_cg_0506markets46.html"><P>"It's more psychological than operational as the price of oil has no direct bearing on the price of electricity," said Michael Carboy of Signal Hill Group. "What happens though is rising oil prices are equated to rising energy prices and solar gets a good tailwind as a result."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F5808FB0-DD50-4320-91F5-B7ED10134311/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Naomi-K says:

It's interesting the connection between oil and electricity.
Part of it is psychological. On the other hand, oil prices do effect electricity, especially coal based electricity. Oil is used in the transport and extraction of coal.
And also, oil is so central to all our commerce that its price has multiple side effects on our economy.

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