Bad Economy Hits Green Companies Hard | Newsweek Project Green | Newsweek.com: "First there was the dotcom bust of the late 1990s, then came the real-estate bubble that's deflating before our eyes. Next up: the green bubble. Alternative energy ventures have received a lot of great press, heavy investment and lip service from politicians in the last couple of years, but many of the nascent green industry's balance sheets are beginning to bleed red.
Among the hardest hit is T. Boone Pickens and his alternative energy hedge fund BP Capital, which has reportedly lost some $2 billion."
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I wonder if the White House and Congress will decide that it is essential to drive oil and gas prices way up in order to keep inflating the "green bubble" and, of course, to save the galaxy.
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