With the credit crunch and falling oil prices, stocks for alternatives are falling sharply in the stock market.
Alternatives to petroleum requires high oil prices and easy credit to spur capital investment. Oil prices have fallen off their $4 summer high to an average of $2.40 a gallon. Credit is tight. Venture capital financing is more difficult to get for solar, wind and bio fuel projects. Until the credit markets rebound and oil prices climb above $70, the outlook for alternative energy is less optimistic.
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