The State of California passed a law today requiring one third of the power supplied to the state come from renewable energy by the year 2020. All it needs is Gov. Jerry Brown's signature to be law. I can't see him NOT signing it.
This might mark the beginning of what I have been predicting since Obama took office. A convergence of democrats and republicans on an energy bill in late 2011. Of course that lame energy bill brought to you by the three amigos - Kerry, Graham , and Lieberman didn't get passed last year. It was too oily, and glowing red. We now have the BP oil disaster and Fukushima fresh in the collective neo-cortex and are poised for RADICAL change in energy policy. If we can pass a national energy bill that comes close to this Californina mandate we might actually wash off some of that stain left on our face by Mr Bush, and Mr Obama might just get a second term. What am I talking about, of course he will. No contender has even had the "equipment" to step out and say they are running against him. The election is NEXT YEAR. Come on Rush, come on Newt, come on Romney, Palin? - What... what.
Alright, if we go into a double dip recession then they might try it. But all this public union busting has got them looking more evil than the most egregious of the teatards.
Keep your eye on the renewable sector tomorrow morning. Top picks from me, Abound Solar, First Solar, Ascent Solar, Nano Solar, Advanced Energy, Vestas Wind, Iberdrola, and (even though they have received much negative attention lately) - General Electric.
Btw, what happened to being pissed off at AIG? GE may have received some back scratching from their well plumped congress people but I didn't see them getting the kind of unthinkably large bailouts some of those other giants got. AIG is old news I suppose, on to hating the next one. If we are going to talk about something over coffee tomorrow please let it be California and Jerry Brown's pending pen strokes!
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