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Green Investing: Put wind in your sails

Posted March 22, 2008

"The nation’s leaders have long admitted the nation’s days as a manufacturing power are over. We are a full-fledge service economy. So we need to act like one.  " – Andrew Snyder 

By Andrew Snyder

Baltimore (TFN)– If this country were a business, it would be in real trouble, too big to dismantle and sell of its parts, too old to re-brand itself and market a new product.  Most importantly, its share price would be plummeting. I mean, who wants to buy part of a company whose top managers constantly bicker about sex, race, and former drug use?

If we want to get this country’s share price rising again, we need to get back to business. Forget all this feel-good rhetoric and get back to building the fundamental strengths that once made us a powerhouse.  The only way to get the job done is concentrate at what we do best.

Earlier today, I attended a small community event.  While there, I ran into a state senator, the state’s lieutenant governor, and even a talk show host. For the most part, it was politics as usual, but I did find one ray of hope tucked away in a corner in the back.  The company I found has what this country needs.

Not your daddy’s good ole days

The nation’s leaders have long admitted the nation’s days as a manufacturing power are over.  We are a full-fledge service economy.  So we need to act like one.  We must stop propping up failing manufacturers and work towards boosting the service sector.  One of the best ways to do it is by expanding our domestic energy production.

The company I found this morning is Bluewater Wind. It is owned by the large asset-management firm, Babcock & Brown.  Bluewater offers the nation a shot at revitalizing its service industry while significantly increasing environmentally friendly energy production.  The company is doing its best to weave through the politicians, uninformed citizens, and the endless hurdles of bureaucratic red tape.

If it accomplishes its mission of installing 150 wind turbines twelve miles off the mid-Atlantic coast, it would mark the start of the nation’s new economy and its meteoric ride back to the top.  The installation would create hundreds of new jobs, dump tens of millions of dollars into the economy, and create huge amounts of clean electricity.  It is a small-scale look at what a large-scale transformation could do.

The start of something new

The company promises, with just this one, small installation, the creation of over 500 jobs, paying more than $100 million in wages in the next few years. It is a fantastic way to boost the local economy, far better than any government "stimulus" package that merely hands back what we already earned. 

There is a good possibility this project will find political success.  No matter what, it is a very important subject for investors to keep tabs of.  As the nation loses its grip as a global titan, new strength will have to come from within.  By creating long-term industries that solidify our energy health and independence, our economy will be much better off. Jobs will be secure, high-paying, and worth keeping.

This trend towards energy independence and a new, service-based economy will not get you rich overnight.  The investments you make in this sector will not pay off later this quarter, this year, or even this decade.  But when they pay, and I am certain they will, the gains will be substantial and the entire country will take notice. 

We are about to undergo a major transformation in this country.  We have to. Our current business model is not working.  Invest in the "new model" and you will get in on the ground floor of something very, very lucrative.  It is going to happen.
 


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Posted by Andrew Snyder · Filed Under Oil and Energy 

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