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home blog postings will alternative energy turn out to be the next bubble?

Will alternative energy turn out to be the next bubble?

March 05, 2008 - Denise Holtby

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A recent article by Eric Janszen, author of "The Next Bubble: Priming the Markets for Tomorrow's Big Crash,"" (Harper’s, February 2008) makes for interesting reading. The crux of Janszen's argument is that the subprime crisis is just one of a series of "bubbles" and the trick is to be able to predict where the next one will happen. So what’s Janszen's pick? "There are a number of plausible candidates for the next bubble, but only a few meet all the criteria…. There is one industry that fits the bill: alternative energy, the development of more energy-efficient products, along with viable alternatives to oil, including wind, solar, and geothermal power, along with the use of nuclear energy to produce sustainable oil substitutes, such as liquefied hydrogen from water. Indeed, the next bubble is already being branded." To see a clip of Janszen's interview with CNBC's Kevin Kneale, check out this YouTube video.

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» View all comments (1 total comments)
03/17/2009 - posted by Daniel Macris

I hope that Janszen is wrong, however, he makes a valid argument.  The way that we can avoid another crash is to learn from the current bubble burst and put a series of checks and balances in place to govern this industry.  This way, we can control what happens before runs rampant like the mortgage industry did. 
I really like this website and these articles.  Keep up the good writing.

Thanks,
Daniel Macris
Atlanta Painters

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