Alternative energy recession

Great potential, but can it survive the economic downturn?

When oil prices surged over $100.00 per barrel, investment in alternative technologies started to skyrocket. Solar and wind stocks, for instance, saw huge gains. The financial crisis, however, has brought those stocks down to reality.

So, will the recession stymie alternative energy?

Today, on CNBC, the feelings are mixed. Some, such as Jim Cramer, believe that with cheap oil, alternative energy can't compete without serious government intervention. Unfortunately, with the government bailing out banks, insurance companies, Fannie Freddie, the auto industry, etc., Cramer believes that military and alternative energy spending is going to decline.

Others, however, claim that many contracts have already been inked. Thus, solar and wind can survive another year without much new investment. Of course, if this recession hits deeper and harder than most seem to be expecting, then alternative energy could gravely suffer.