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August 15th, 2008 - By Nick Hodge
Energy & Capital editor Nick Hodge discusses clean energy stocks with respect to the Pickens Plan...
Mary Sawaya has seen a 50% increase in business over the past five years.
She sells work boots and Carhartt overalls in Kemmerer, Wyoming.
But the work boot market hasn't always been so bullish.
According to Sawaya, "About 10 years ago, [the energy industry] was in a slump. And then when Williams Field built their second plant and [Enterprise Products Partners LP] came in, and all this oil and gas cycling came through ... our business went way up."
Job growth in Wyoming has been the strongest in the nation over the past few months. The state's budget surplus is a whopping $571 million.
A recent local news report claimed the state and its citizens have benefited from the sale of coal, oil, and natural gas...
Today, energy is at a global crossroads. The International Energy Agency (IEA) estimates a minimum of $20 trillion needs to be invested over the next 25 years to meet surging energy demand and to offset the declining reserves of the world's major oil fields.
There is, however, a solution to the looming energy crisis--a solution that will encompass numerous energy technologies and practices. The blueprint for success will not only include alternative and renewable energy, but the economic harvesting of remaining and unconventional oil sources as well.
Within that blueprint for renewable energy and sustainable energy use lies the most profitable investments this century has to offer. These are the energy stocks and investment strategies that fully exploit the "New Energy Economy." And Energy and Capital's editors and researchers bring them to market each and every day.
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