All good fads come to an end and so it goes with the alternate energy sector. There is a glut of solar panels on the market with prices dropping around 40% year over year with the outlook for more supply and even lower prices.
Biofuels ( remember not more than a year ago the stories about people boiling bio-mash in there garages ) are not far behind. To wit from the WSJ:
The biofuels revolution that promised to reduce America’s dependence on foreign oil is fizzling out.
Two-thirds of U.S. biodiesel production capacity now sits unused, reports the National Biodiesel Board. Biodiesel, a crucial part of government efforts to develop alternative fuels for trucks and factories, has been hit hard by the recession and falling oil prices.
The global credit crisis, a glut of capacity, lower oil prices and delayed government rules changes on fuel mixes are threatening the viability of two of the three main biofuel sectors — biodiesel and next-generation fuels derived from feedstocks other than food. Ethanol, the largest biofuel sector, is also in financial trouble, although longstanding government support will likely protect it. Read more here.
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