Wednesday, December 03, 2008

OPEC conspiring to kill alternative energy?

OPEC killing interest in hybrid cars and solar power by reducing the price of oil?Killing alternative energy

Today on the Lightning Round of Jim Cramer's Mad Money, a caller questioned Cramer about solar plays under Obama. Cramer essentially responded that cheap gas is killing solar power and stated that OPEC had helped push oil prices lower to help offset interest in alternative energy.

Obviously, there are many out there espousing similar beliefs, but not many with the pulpit and Street cred of Cramer. While some consider Cramer a crackpot, it's still a pretty interesting statement.

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