Washington's embrace of alternative energy promises opportunity.
Washington's embrace of alternative energy promises opportunity
By Pete Gallo
A deep global recession and a severe slowdown in industrial output isn't exactly the kind of environment that favors hedge funds looking to profit from energy. Even though it was less than a year ago, the days of scoring easy returns in the wake of an expanding wave of oil and commodity consumption are a distant memory.
However, President Barack Obama's embrace of the spirit of Kyoto - and his promise to pump billions of dollars into environmentally friendly technologies - has