shdwshard (< 20)

Alternative Investments for Skyrocketing Oil Prices

August 05, 2009 – Comments (1) | RELATED TICKERS: PBW , XOM

The price of oil heading up is a double sided blade for all of us.  On one hand, it's a profit opportunity for investments in big oil. On the other hand, those investment gains come at our expense when we fill up at the pump. Big oil is far from the only sector that profits from higher crude prices however, and those of us who loathe the thought of investing in companies like Exxon (Be it personal reasons, ecological concern, etc) have a downright surprising alternative that ALSO benefits from higher oil prices, while also providing the warm fuzzies if you happen to be an environmentalist.

Green Energy stands to ride a wave of investment under President Obama's reforms, AND profit from higher energy costs which they can provide an alternative to.  The scale doesn't yet, and won't for a while match that of traditional sources, making these companies price takers, and hence beneficiaries of price runups in their corresponding traditional energy fields.

Powershares Wilderhill Clean Energy (PBW) offers the opportunity to get the widest slice of the green energy pie, which grows more profitable by the day as oil continues it's seemingly inevitable climb toward the sky.