Tuesday, July 21, 2009

CLEANTECH MELTDOWN

BANZAI7 SPECIAL REPORT--The outlook for alternative energy in 2009 is terrible.

Revenue, venture capital investment, and stock prices are all down. Financing has dried up. Demand is gone.

Meanwhile, the prices of traditional energy sources--oil, natural gas, and coal--have collapsed, putting "parity" even farther into the future.

Moreover, the financial meltdown of 2008 has created certain unexpected energy efficiencies, such as:

1. Fewer inhabited American homes to air condition and heat.

2. Decreased corporate jet use, excluding Goldman Sachs.

3. 401k Statements used as combustible alternative fuel.

4. Decreased traffic to and from Hamptons.

5. Big law firm associates not penalized for not leaving lights on at night (everyone knows no one is busy).

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