Monday, November 7, 2011

Jim Rogers bullish on alternative energy

Jim Rogers : I am very optimistic about energy sources , yes wind power , solar power and all alternative energy sources have a good future , now wind power and solar power are not competitive in a free and open market they are not competitive with oil or even coal right now , but the politicians love wind power , they love solar power for many reasons so they would subsidize it , eventually when the price of oil and coal goes high enough they will have to subsidize it even more , so if you could find companies with good management in alternative energy you will make a lot of money , but be very careful because all the governments around the world are subsidizing alternative energy and that attracts a lot of charlatans , a lot of crooks a lot of fast money types , so be very very careful , but if you can find the good ones you could make a fortune ....- in RBS Conference 22.11.2011

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